Indian stock markets closed lower for a fifth consecutive session on Friday. Rising oil prices and Middle East tensions fueled investor caution and market pressure. Foreign institutional investors continued their selling trend, impacting market sentiment negatively. Renewed concerns over US trade tariffs also contributed to the overall market decline. Selling in heavyweight stocks like Infosys
US Trade Representative Jamieson Greer announced the revised tariffs on 60 economies on Thursday, one day before the expiry of the temporary additional 10% duties that had been imposed on imports from all countries.
India imported over 32 lakh tonnes of key fertilizers during the first quarter. Domestic production of fertilizers reached 115.72 lakh tonnes in the same period. The government is diversifying import sources to mitigate supply chain risks. Long-term agreements are being finalized with overseas suppliers for fertilizer security. India is sourcing water-soluble fertilizers from multiple countries
United States imposed a ten percent tariff on Indian goods, offering some relief. Economists believe the immediate impact on India’s exports will be limited. Reducing dependence on single markets and broadening global reach is crucial. Certainty after months of shifting proposals is a positive development. Sustained export growth depends on competitiveness and diversification efforts.
Canada will not retaliate in advance against proposed US tariffs, preferring negotiations. Prime Minister Mark Carney stated that premature action would be counterproductive at this stage. Ottawa is intensifying efforts to strike a comprehensive trade agreement with the United States. Canada has not ruled out measures if tariffs are imposed by Washington. The country is
The Indian Rupee recovered 22 paise against the US dollar in early trade. This recovery occurred despite crude oil prices breaching the $100 a barrel mark. The Reserve Bank of India’s intervention likely helped stabilize the domestic currency. Foreign institutional investor outflows and weak domestic equities capped further gains for the Rupee. Brent crude prices
Oil prices have sharply rebounded, exceeding one hundred dollars per barrel. Attacks on Saudi oil tankers in the Red Sea have revived supply fears. Kazakhstan’s oil exports also faced disruptions, adding to global concerns. This marks a significant reversal from recent price declines seen earlier. These events have tightened the noose around global energy supply
