In top news today, global stock markets witnessed a sharp sell-off, with Indian benchmark indices mirroring the rout. The US markets hit choppy trading on Monday, as the three benchmarks swung between gains and losses. While the S&P 500 briefly entered bear territory by falling 20% from its recent peak, the index managed to recover from an intraday decline of 4%.
Meanwhile, the Indian government announced a hike in excise duty on petrol and diesel by Rs 2 each, and an increase of Rs 50 per cylinder in the price of liquefied petroleum gas.
Here’s a quick roundup of today’s key headlines:
Stock Market Crashes Across The World
Indian benchmark indices hit 10-month low and ended with losses on Monday, extending declines for the third straight session. This comes after the Asian markets plunged most in 14 years on Monday, following the Wall Street's decline.
The NSE Nifty 50 ended 742.85 points or 3.24% lower at 22,161.60, while the BSE Sensex closed 2,226.79 points or 2.95% down at 73,137.90.
Read the entire markets wrap here.
Excise Duty On Petrol, Diesel To Increase
The government on Monday announced that it has increased excise duty on petrol and diesel by Rs 2 each, according to a gazette notification. The changes are set to take place from Tuesday. Despite the excise duty hike, the retail prices of petrol and diesel will remain unchanged, the oil ministry clarified.
Check how does it affect the consumers?
LPG Price To Increase By Rs 50 Per Cylinder
The price of liquified petroleum gas will be increased by Rs 50 per cylinder on Tuesday, April 8, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri announced on Monday. The hike in cooking gas rates will also be applicable for cylinders issued to beneficiaries under the Pradhan Mantri Ujjwala Yojana scheme.
Know how much will the cylinder cost the users?
Commerce Ministry To Meet Exporters To Discuss Trump's Tariff Impact
The Ministry of Commerce is set to hold a meeting with exporters on Wednesday to assess the impact of US President Donald Trump's tariffs on Indian shipments, according to people aware of the matter.
Click here to read all the details regarding the meeting.
US Market Sees A Volatile Day
US markets hit choppy trading on Monday, as the three benchmarks swung between gains and losses. While the S&P 500 briefly entered bear territory by falling 20% from its recent peak, the index managed to recover from an intraday decline of 4%.
The Dow Jones Industrial Average and Nasdaq Composite also saw the same volatile session so far. The Nasdaq 100 rose 4% and the Dow Jones Industrial Average rose 1.8% as of 10:17 a.m. New York time.
Track how the US indices are faring here.
Retail Car Sales In India Top 4 Million Mark For The First Time In FY25
Retail car sales in India scaled the four-million mark for the first time in fiscal 2025, but the outlook hereon is hazy at best. The number of cars registered on the government’s VAHAN website rose 4.87% over the year-ago period to 41,53,432 units in the fiscal ended March 31, according to data collated by the Federation of Automobile Dealers Associations.
Check out full data.
Nine In Top 10 Billionaires See Red Over A Year
In one of the sharpest wealth plunges seen this year, the world’s ten richest individuals collectively lost over $82 billion in a day as global markets nosedived following a shock policy move by the United States. Moreover, when seen on a year-to-date basis, their losses read at $353.78 billion.
Know the billionaire who managed to buck the trend and still be in the green during this period.
Indian Real Estate Sees 43% Drop In Private Equity Inflows Over 5 Years
Private equity investments in Indian real estate dipped 3% year-on-year to $3.7 billion in fiscal 2024-25, down from $3.8 billion the previous year, according to data released by Anarock Capital on Monday.
The decline marks a continuing trend, with PE inflows falling steadily from $6.4 billion in fiscal 2020-21—a 43% drop over five years—largely due to reduced foreign investor activity amid global economic and geopolitical uncertainties.
Click to read full details.
Here are other stories you cannot miss:
Nifty's 'Black Monday' Fall Wasn't The Worst In 21st Century
Petrol, Diesel Price Cut Possible If Brent Stays At $60: Oil Minister Puri
boAT Parent Firm Files Draft Papers For IPO Via Confidential Pre-Filing
India May Face Indirect Tariff Heat In Key Sectors: Ind-Ra
Dubai Crown Prince Sheikh Hamdan To Visit India On April 8-9 To Boost Strategic Ties
RECOMMENDED FOR YOU
Petrol, Diesel Prices Unchanged On June 17; Here's How Much You Pay For Fuel Now
Jun 17, 2025
Petrol, Diesel Prices Unchanged On June 16; Here's How Much You Pay For Fuel Now
Jun 16, 2025
Petrol, Diesel Prices Unchanged On June 12; Here's How Much You Pay For Fuel Now
Jun 12, 2025
Petrol, Diesel Prices Unchanged On June 11; Here's How Much You Pay For Fuel Today
Jun 11, 2025
POPULAR