All posts tagged: global markets

Gold rebounds nearly ₹2,000 to ₹1.41 lakh/10g as global prices recover| Business News

Gold rebounds nearly ₹2,000 to ₹1.41 lakh/10g as global prices recover| Business News

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Gold prices rebounded by ₹1,997 to ₹1.41 lakh per 10 grams in futures trade on Friday, tracking gains in global markets and bargain buying by traders after a sharp decline. A goldsmith weighs gold jewellery inside a showroom in Ahmedabad, India. (REUTERS) On the Multi Commodity Exchange (MCX), the yellow metal for April delivery increased ₹1,997, or 1.43 per cent, to ₹1,41,490 per 10 grams. It had settled at ₹1,39,493 per 10 grams, down by ₹4,604, or 3.2 per cent on Thursday. Similarly, the June contract also appreciated by ₹1,811, or 1.27 per cent, to ₹1,44,325 per 10 grams on the MCX. In the previous session, gold futures slumped ₹4,926, or 3.34 per cent, to ₹1,42,514 per 10 grams. Also Read | MCX gold prices slip by 8%, silver dips by 11% amid Iran-US war: Check city-wise rates Commodity markets was closed in the morning session on account of Ram Navami and resumed trading in the evening session on Thursday. In the international market, gold for April delivery on the Comex rose USD 89.1, or …

50-Year-Old Bengaluru Man Dies By Suicide After Heavy Stock Market Losses, Mounting Debt | India News

50-Year-Old Bengaluru Man Dies By Suicide After Heavy Stock Market Losses, Mounting Debt | India News

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Last Updated:March 09, 2026, 10:37 IST A 50-year-old Bengaluru man allegedly died by suicide near the Hebbal railway track after suffering losses from stock market investments and falling into heavy debt. Bengaluru man dies by suicide (Photo: CNN-News18) A 50-year-old man in Bengaluru allegedly died by suicide after reportedly suffering financial losses linked to stock market investments and falling into heavy debt. The deceased was identified as 50-year-old Venkatesh. According to preliminary information, he had incurred losses from investments in the stock market and was also suffering from illness. Police said the financial setbacks had pushed him into significant debt, and he was allegedly facing pressure from creditors. Distressed by the situation, Venkatesh reportedly ended his life. His body was found on a railway track near Hebbal on Sunday. Personnel from the Baiyappanahalli Railway Police Station reached the spot after the incident and conducted an inspection. Authorities have initiated further investigation to ascertain the exact circumstances surrounding the death. MARKETS UNDER PRESSURE AMID GLOBAL UNCERTAINTY The incident comes at a time when stock markets have …

SBI expects slower loan growth of 12-13% in FY26 amid tariff-related risks | Business News

SBI expects slower loan growth of 12-13% in FY26 amid tariff-related risks | Business News

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The country’s largest bank State Bank of India (SBI) has revised its loan growth target for the current financial year (FY2026) downward to 12-13 per cent from an earlier projection of 14-16 per cent, amid tariff related uncertainties, its Chairman C S Setty said on Saturday. In the quarter ended March 2025, the bank profit after tax (PAT) declined by 10 per cent to Rs 18,643 crore. “Our earlier (loan growth) guidance was 14-16 percent and we are moderating that to 12-13 percent (for FY26). The system level credit growth probably would be 10-11 percent,” Setty told reporters after announcing the quarterly results. Story continues below this ad Last month, US President Donald Trump had announced sweeping reciprocal tariffs on America’s major trading partners. The announcement, which sent ripples through financial markets across the globe, including in India, has increased the risk of global growth slowdown and an escalation of trade wars. Setty said that the Indian economy is less impacted by the tariffs as it is primarily a domestic consumption driven economy and its …

Netanyahu meets Trump to discuss tariff, Gaza conflict, and Iran tensions | World News

Netanyahu meets Trump to discuss tariff, Gaza conflict, and Iran tensions | World News

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Israeli Prime Minister Benjamin Netanyahu met US President Donald Trump at the White House on Monday to talk about new US tariffs on Israeli goods, the ongoing war in Gaza, and tensions with Iran. This was the first in-person meeting Trump held with a foreign leader since announcing the new tariffs last week, according to reports from Associated Press (AP)  Netanyahu, arriving in Washington just days after the tariffs were announced, told reporters, “I’m the first foreign leader to meet President Trump on something so important to Israel’s economy.” He added, “There is a long line of leaders who want to do this It shows the special relationship between our countries.” Trump imposed a 17% tariff on Israeli exports as part of his “Liberation Day” economic plan, which has affected global markets. Despite Israel being one of America’s closest allies and receiving significant US military aid, Trump insisted there would be no exemptions. “We’ve got a serious trade deficit with Israel,” Trump said. “They’ll have to pay like everyone else.” Story continues below this ad …

Stock Meltdown Fuels Worst Day At Markets Since Covid

Stock Meltdown Fuels Worst Day At Markets Since Covid

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The “America First” trade is unraveling in the sweeping turmoil in global markets, with stocks acutely exposed to the US economy sinking alongside the dollar. As Wall Street’s rebellion against Donald Trump’s tariff war intensifies, traders are rushing into fixed-income havens. About $2 trillion was erased from the S&P 500, with the gauge down about 5%. The Russell 2000 of smaller firms extended its plunge from a 2021 all-time high to 20% on speculation the president’s trade offensive will stunt the American economy. The greenback slid 1.5%, reigniting the debate about its haven reputation during challenging times as the euro, yen and Swiss franc surged. Oil joined a selloff in commodities. All in, the much-vaunted America-first trade – buying up assets that win when the US outperforms the rest of the world – is reversing on concern that the steepest increase in American tariffs in a century will hammer economic growth. That’s driving a fierce rally in global bonds, sending the yield on benchmark Treasuries briefly below the closely-watched 4% level. Most other yields also …

Sensex, Nifty slump in early trade tracking weak global markets

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Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday. File | Photo Credit: PTI Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday (September 4, 2024) after a record-breaking rally, tracking extremely weak trends from the global markets. The 30-share BSE Sensex tumbled 721.75 points to 81,833.69 after a weak beginning to the trade. The NSE Nifty tanked 196.05 points to 25,083.80. Among the 30 Sensex firms, JSW Steel, Infosys, Larsen & Toubro, State Bank of India, Tata Steel, Mahindra & Mahindra, Bharti Airtel and Axis Bank were the major laggards. Asian Paints, Bajaj Finserv, Bajaj Finance, and Hindustan Unilever were the gainers. In Asian markets, Seoul, Tokyo, Shanghai, and Hong Kong were trading sharply lower. The U.S. markets ended significantly lower on Tuesday (September 3, 2024). “The selloff in U.S. markets yesterday (Tuesday) was triggered by growth concerns. There are indications of U.S. manufacturing moving into contraction, thereby threatening the soft landing expectation, which has been the pillar of support for the mother market U.S. and consequently for …