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Sensex reclaims 80,000-level on global markets rally, foreign fund inflows

Mumbai, Apr 23 (PTI) Equity benchmark indices Sensex and Nifty surged in early trade on Wednesday driven by a sharp rally in global markets and foreign fund inflows. Buying in blue-chip IT stocks also added to investors’ optimism. The 30-share BSE benchmark Sensex jumped 658.96 points to 80,254.55 in early trade. The NSE Nifty rallied 192.05 points to 24,359.30. From the Sensex firms, HCL Tech surged over 6 per cent after the firm posted an 8.1 per cent increase in consolidated net profit at Rs 4,307 crore for March quarter 2024-25, mainly on account of large deals with a total

Rupee falls 15 paise to 85.34 against US dollar in early trade

Mumbai, Apr 23 (PTI) Rupee depreciated 15 paise to 85.34 against the US dollar in early trade on Wednesday, after the American currency recovered supported by Donald Trump’s softened stance — particularly towards the Federal Reserve and against China. Forex traders said the market found support after Trump on Tuesday backed off from threats to fire FED Chair Jerome Powell after days of intensifying criticism against him for not cutting rates. Trump also signalled the possibility of lower tariffs against China. The dollar index rose to 99.28, while the US 10-year bond yield was slightly lower at 4.34 per cent.

Trump says he has ‘no intention’ of firing Federal Reserve chair

WASHINGTON, April 23, 2025 (AP) — President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the U.S. central bank caused a stock market selloff. “I have no intention of firing him,” Trump told reporters. The U.S. president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates. Powell has said that Trump’s tariffs are creating uncertainty about slower growth

Pahalgam attack: Rahul Gandhi speaks with Shah, J&K CM; says families of victims deserve justice

New Delhi, Apr 22 (PTI) Leader of Opposition Rahul Gandhi on Wednesday said he had spoken with Home Minister Amit Shah, Jammu and Kashmir Chief Minister Omar Abdullah and Congress’ J&K unit president Tariq Karra about the horrific Pahalgam terror attack to get an update on the situation. Gandhi asserted the families of victims deserve justice and our fullest support. “Spoke with HM Amit Shah, J&K CM Omar Abdullah, and J&K PCC President Tariq Karra about the horrific Pahalgam terror attack. Received an update on the situation,” the former Congress chief said in a post on X. The families of

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