NDTV Profit Pulse On April 11 — Top 9 Stories At 9 P.M. Under 9 Minutes
From IIP growth slowing to a seven-month low to a likely early rollout of India-US trade pact, here are the key news of the day.
Among the day's top news is Jefferies' big bet on India amidst global uncertainty, and a rise in India's foreign exchange reserves to a high of $676 billion.
On the equity markets front, Wall Street swung between gains and losses, after China announced it would raise tariffs on all US goods from 84% to 125%. Also, Indian equity indices ended the day higher on Friday.
Here’s a quick roundup of today’s key headlines:
Jefferies Bets Big On India
Even as global markets stumble amid rising uncertainties, Jefferies is doubling down on India. The brokerage has issued an 'overweight' call on the country, while "absolute index performance is difficult to predict, India should emerge as a relative outperformer", in its latest note.
Five reasons why India is set to outperform other emerging markets.
IIP Growth Slows To Seven-Month Low In February
India's index of industrial production growth slowed to a seven-month low of 2.9% in February, compared to a 5% increase in January 2025, as per data released by the Ministry of Statistics and Programme Implementation. The estimate, as per a Bloomberg survey, was of 3.6% growth.
Read full details.
India-US Trade Deal Soon?
The first phase of the bilateral trade agreement between India and the US can be out within the tariff-pause period of 90 days, according to government sources. The terms of reference for the pact have been finalised and further talks are set to take place primarily over video conferencing, though there is a possibility of Indian negotiators visiting the US and vice versa, the officials said on the condition of anonymity.
Check details regarding the first phase of the bilateral trade agreement.
RBI To Buy Government Bonds In Further Liquidity Push
The Reserve Bank of India on Friday announced that it would be conducting a fresh purchase of government bonds worth Rs 40,000 crore under open market operations. The OMO purchase auction will be conducted on April 17, the RBI said in a release, adding that the decision was taken after reviewing the "current and evolving liquidity conditions".
Read full details here.
India's Forex Reserves At Highest Level Since November
India's foreign exchange reserves rose to the highest level since early November to $676 billion for the period ended April 4, according to data from the Reserve Bank of India on Friday. The country's forex kitty swelled by nearly $11 billion over the previous reporting week.
Check more details here.
Gold ETFs Record First Monthly Outflow In A Year
Gold exchange-traded funds lost some sheen in March, as investors pulled money out for the first time since April 2024. The funds recorded a net outflow of Rs 77 crore last month compared to a net inflow of Rs 1,980 crore in February, according to data released by the Association of Mutual Funds in India.
Know more about March's Gold ETFs flow.
Choppy Trading At Wall Street
US equities swung between gains and losses, as trade hostilities continued to set Wall Street’s tone at the close of a hectic week on Friday. This comes after China announced it would raise tariffs on all US goods from 84% to 125%, adding fuel to the global trade war. The S&P 500 fell 0.1% and Dow Jones Industrial Average fell 0.2%, while Nasdaq 100 was little changed.
Back home, Indian equity market indices reversed its single-session decline on Friday as the trade war between US and China intensified. The NSE Nifty 50 ended 429.40 points or 1.92% higher at 22,828.55, while the BSE Sensex closed 1,310.11 points or 1.77% up at 75,157.26 after witnessing a volatile week.
Click for what’s driving the US markets.
Airfare To Europe Drops 2-6%
This summer, Indian travellers heading to Europe can expect to save on costs, with airfares to key destinations like Switzerland and Paris dropping 2-6% during the peak months of April to June.
Check out the reason for this rare airfare price drop here.
Investors Pivot To Flexi-Cap Funds
Actively managed equity mutual funds recorded a Rs 25,082.01 crore inflow during March, lower by 14.4%, compared to the inflow of Rs 29,303.3 crore recorded in February, as per the monthly data released by the Association of Mutual Funds in India.
Read full details here.
Here are other stories you cannot miss:
India’s Auto Components Exports Can Triple By 2030, NITI Aayog Says
Moody's Cuts India GDP Forecast Amid US Tariff Turmoil Along With Asia-Pacific Economies
Banking Sector Q4 Preview: Lenders Brace For Muted Quarter On Soft Loan Growth, Margin Squeeze
JK Cement May Raise Rs 500 Crore Via NCDs
Urban Company IPO: Home Services Platform Gets Shareholders' Approval For Rs 528 Crore Fresh Issue
Muted March To Margin Impact: TCS Wades Through Tariff Uncertainties As Consumer Businesses Take Hit
