NDTV Profit Pulse On April 21: Top 8 Stories At 8 P.M. Under 8 Minutes

The day's top news includes the government's imposition of 12% safeguard duty on some steel imports to protect the domestic industry, and the country's core sector output rising by 3.8% year-on-year in March.

On the equity markets front, US stocks selloff deepened Monday as President Donald Trump continued to verbally attack Federal Reserve Chair Jerome Powell over monetary policy. Meanwhile, Indian benchmark indices continued their upward trajectory.

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

The output of India's eight core sectors increased 3.8% year-on-year in March, as compared to a revised growth of 3.4% in February, according to the official data. The sequential improvement was driven by strong monthly output logged in the cement and steel sectors.

Get full data here.

The government has imposed a 12% temporary safeguard duty on certain steel imports to protect the domestic industry from cheap products being dumped from countries like China and Vietnam. Following a DGTR probe, a safeguard duty at 12% has been imposed from April 21 for 200 days.

The steel safeguard duties will apply to imports from developed economies as well as China and Vietnam, as per a government notification.

Check full details here.

US stocks tumbled as Trump continued to criticise Powell over the country's monetary policy. The S&P 500 Index fell nearly 2%, while the Nasdaq 100 Index was down almost 2.2%. The Dow Jones Industrial Average fell 1.7%

Back home, the Indian benchmark equity indices gained for the fourth consecutive session on Monday and closed at their highest since early January. The NSE Nifty 50 closed 273.9 points, or 1.15% higher at 24,125.55, while the BSE Sensex ended 855.3 points, or 1.09% up at 79,408.5, the highest since Jan. 3.

Pope Francis died on Monday at his residence in the Vatican's Casa Santa Marta. He was 88. Cardinal Kevin Ferrell, Camerlengo of the Apostolic Chamber, announced the death of Pope Francis from the Casa Santa Marta on Easter Monday.

Know more details here.

Reliance Jio Infocomm Ltd. and Bharti Airtel Ltd. added mobile subscribers in January, while Vodafone Idea Ltd. and Bharat Sanchar Nigam Ltd. continued to report net user losses, according to data released by the Telecom Regulatory Authority of India.

Read to know who added how many subscribers in January.

The Maharashtra government has told regional transport offices to shut Ola Electric stores operating without a trade certificate. If a store or service centre of Ola Electric Mobility Ltd. is operational under an RTO without a trade certificate, "action should be taken to close that centre and original trade certificate should be cancelled," Maharashtra's joint transport commissioner said in a show cause notice to RTOs in an email dated April 16, 2025.

Read full story here.

Hopes of further rate cuts by the RBI's Monetary Policy Committee amid liquidity boost and an appreciation in the rupee led the 10-year Indian benchmark government bond yield to end on Monday at 6.31%, the lowest since Nov. 9, 2021, according to three treasury officials.

Yield on the 10-year benchmark Indian government bond, 6.79%, 2034 fell by 6 basis points.

Read full details.

Silver, often referred to as the 'poor man's gold', is emerging as a standout performer in the commodities market this year, with growing investor interest amid rising geopolitical tensions and economic uncertainty.

Gold vs Silver— Where should you invest?

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