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NDTV Profit Pulse On April 15 — Top 8 Stories At 8 P.M. Under 8 Minutes

From India's inflation data to SEBI's crackdown on Gensol Engineering promoters, here are the top news of the day.

<div class="paragraphs"><p>Here's your daily news dose. (Source: NDTV Profit)&nbsp;</p></div>
Here's your daily news dose. (Source: NDTV Profit) 
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Summary is AI Generated. Newsroom Reviewed

The day's top news includes India’s trade deficit expanding to $21.54 billion in March from $14.05 billion in the preceding month, and the country's retail inflation moderating to a 67-month low of 3.34%.

On the equity markets front, Indian benchmarks continued their upward trajectory to close higher for the second consecutive trading session. Also, the Wall Street rose for a third straight session on Tuesday.

Here’s a quick roundup of today’s key headlines:

Retail Inflation Slowest Since August 2019

India's retail inflation slipped to the lowest since August 2019, led by lower vegetable prices. The consumer price index-based inflation moderated to 3.34% in March, from 3.61% in February, according to data from the Ministry of Statistics and Program Implementation.

Here are the details.

Trade Deficit Widens Amid Tariff Jitters

India’s trade deficit expanded to $21.54 billion in March, from $14.05 billion in February, according to data from the Ministry of Commerce and Industry. Merchandise exports were almost flat on a year-on-year basis, growing by 0.7% to $41.97 billion in March, while merchandise imports grew by 11.3% to $63.51 billion.

Check full details here.

'Above-Normal' Monsoon Forecast

India will experience above-normal cumulative rainfall this monsoon, the India Meteorological Department said on Tuesday, ruling out the possibility of El Nino conditions during the entire season. Most parts of India, except regions like north-east are likely to experience normal to above normal rainfall this year.

Check out the long range forecast for Southwest monsoon seasonal rainfall here.

Wholesale Inflation At Six-Month Low

India's wholesale price inflation was at 2.05% in March and 2.38% in February. While wholesale inflation in primary articles declined, led by easing food article inflation, the month continued to witness an increase in prices of manufactured products.

Read full details.

Market Recap

US equities rose for a third straight session on Tuesday, overshadowing news pointing to an escalation of the trade war between the world’s two largest economies. The S&P 500 rose 0.2% and the Nasdaq 100 rose 0.3%, while, the Dow Jones Industrial Average rose 0.1%

Back home, Indian benchmark indices continued their upward trajectory to close higher for the second consecutive trading session on Tuesday. Nifty 50 closed 2.19% higher at 23,328 as it gained 500 points. Meanwhile, the Sensex closed 2.10% higher at 76,734 on the heels of gaining 1,577 points.

Click for what’s driving the US markets.

Indian Markets Erase April Losses

Indian stocks rallied as trading resumed after a long weekend, with the benchmark equity index erasing all the losses triggered by US President Donald Trump’s reciprocal tariffs earlier this month.

Here's how Indian indices reversed their losses.

SEBI Cracks Down On Gensol Promoters

The Securities and Exchange Board of India on Tuesday barred Gensol Engineering, its Chief Executive Officer Anmol Singh Jaggi and Promoter-Director Puneet Singh Jaggi from securities markets over fund diversion charge.

Read full details here.

Swiggy Launches Pyng

Food aggregator Swiggy has launched the consumer app for its services marketplace Pyng, three months after launching the seller-side app. The new app aims to connect customers to health and wellness experts, financial advisors, astrologers, event planners, travel and lifestyle experts and education and skill trainers.

Know more about Swiggy's new consumer app.

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