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

Among the top news of the day is the Ministry of Commerce setting up a high-level panel to prepare for any potential surges in imports of goods. The imports may rise as a result of higher tariffs on competing manufacturing nations such as China and Thailand.

On the equity markets front, US stocks saw their biggest rally since November 2022 on Tuesday, after a rout that chopped trillions of dollars of investor wealth. Also, Indian equity indices snapped their three-day losing streak and ended with gains on Tuesday.

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

The Reserve Bank of India's Monetary Policy Committee is expected to cut the benchmark lending rate in April, even as it continues to frontload liquidity to ensure rate transmission. The MPC will meet from April 7 to April 9.

What decisions will shape the Indian economy? Read the full details.

The growth in India's insurance sector is linked to reforms in foreign direct investment policy, Finance Minister Nirmala Sitharaman said, during her interaction with Shriti Vadera, the chair of British-domiciled insurer Prudential Plc in London.

Read full details of the meeting here.

Goldman Sachs Group Inc. — fresh from cutting oil forecasts twice in a week — said Brent has the outside potential to fall below $40 a barrel under “extreme” outcomes as the trade war flares and supplies rise.

Read the full impact analysis.

The Commerce Ministry is setting up a high level panel to prepare for any potential surges in imports of goods, as a result of higher tariffs on competing manufacturing nations such as China and Thailand, according to people in the know.

Click here to read all the details regarding the panel.

Former Reserve Bank of India Governor D Subbarao said it is critical for the central bank to communicate clearly how it views the current economic situation and how it plans to respond, ahead of its upcoming monetary policy decision.

Read to find out what the Former RBI Governor has to say ahead of MPC.

US stock saw their biggest rally since November 2022 on Tuesday, after a rout that chopped trillions of dollars from equity values. The equities rebounded across the board, with the S&P 500 up 3.5%, pushing away from the threshold of a bear market. While, the Nasdaq 100 rose 3.7% and Dow Jones Industrial Average rose 3.4%.

Back home, Indian equity indices snapped the three-day losing streak and ended with gains on Tuesday. The NSE Nifty 50 ended 374.25 points or 1.69% higher at 22,535.85, while the BSE Sensex closed 1,089.18 points or 1.49% higher at 74,227.

Click for what’s driving the US markets.

The monsoon season, during which India receives the bulk of its annual rainfall, is likely to be "normal" in the upcoming June-September cycle, according to private weather forecasting agency Skymet. The rainfall to be recorded during the four-month period is expected to be to the tune of 103% of the long-period average of 868.6mm, with an error margin of +/-5%, the agency said.

Read the full details here.

The jobs landscape in India is evolving with companies increasingly focusing on skills when hiring, according to LinkedIn's ninth annual Top Companies list. The list highlights the top 25 workplaces to grow one's career in India.

Check full details here.

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