NDTV Profit Pulse On April 9— Top 8 Stories At 8 P.M. Under 8 Minutes
From RBI slashing repo rates for a second consecutive time to the US-China trade war escalating, here are the top news of the day.
Among the top news of the day is India's Monetary Policy Committee, led by RBI Governor Sanjay Malhotra, cutting the benchmark repo rate by 25 basis points while changing its neutral stance to accommodative.
On the equity markets front, US stocks saw an early selloff after China and the European Union announced retaliatory tariffs on American goods, adding fuel to the global trade war. Also, Indian equity indices ended the day lower on Wednesday.
Here’s a quick roundup of today’s key headlines:
RBI Cuts Repo Rate
RBI's MPC slashed the benchmark repo rate by 25 basis points for a second time in a row, while changing its neutral stance to accommodative.
Check out all that happened during RBI's MPC meet.
US-China Trade War
China hit back at the Donald Trump-led US administration with additional 50% tariff. This comes less than a week after Beijing imposed 34% tariffs on American imports. The fresh measure raises the overall tariff levied by China on US goods to 84%.
Will this additional tariff lead to new development in the US-China trade war?
Fresh Fall In Brent Crude
Futures of Brent, the global crude oil benchmark, plunged nearly 5% during the trading session on Wednesday. The fresh fall in Brent pushed its value below the $60 per barrel-mark. International oil prices have slumped over the past week, since US President Donald Trump announced the imposition of reciprocal tariffs.
Click here to read details.
Government To Nudge MFs Towards PSUs
The government is looking to nudge mutual funds to increase exposure in central public sector enterprises in their investor portfolios, as it believes that fund managers have not been adequately guiding small investors.
How does this move change things for the sector?
SEBI Raises Threshold For Additional FPI Disclosures
The Securities and Exchange Board of India raised the threshold for additional disclosures by foreign portfolio investors from Rs 25,000 crore to Rs 50,000 crore.
Will these changes reshape India’s FPI equity trading landscape?
Equity Markets Under Pressure
US stock saw an early selloff on Wednesday, after China and the European Union announced retaliatory tariffs on American goods, adding fuel to the global trade war. The S&P 500 opened 0.6% lower at 4,953, and the Dow Jones tanked 0.7% or 257 points to start at 37,387.
Back home, Indian equity market indices ended the day lower. The NSE Nifty 50 ended 136.70 points or 0.61% lower at 22,399.15, while the BSE Sensex closed 379.93 points or 0.51% down at 73,847.15.
Click for what’s driving the US markets.
NPCI To Decide On Person-To-Merchant Payments Cap
National Payments Corporation of India will be enabled to set the limit on person-to-merchants transactions via UPI, said RBI Governor Sanjay Malhotra. The limit on person-to-person UPI transactions will remain unchanged at Rs 1 lakh, Malhotra clarified.
Read full details here.
India Gets Rafale Boost
India is set to add 26 Rafale Marine fighter jets to its Navy taking its total fleet size of Rafale fighter jets to 62.
Read full details here.
Here are other stories you cannot miss:
Monetary Policy Key Highlights: 25 Basis-Point Repo Rate Cut, 'Accommodative' Stance, FY26 GDP Forecast
RBI Issues Harmonised Draft Guidelines On Gold Loan Lenders
Cabinet Approves Rs 1,332-Crore Railway Line Doubling Project In Tamil Nadu, Andhra Pradesh
EV Maker Ather Is Said To Consider Smaller IPO Amid Market Chaos
Mahindra Secures Order For H130 Fuselage From Airbus Helicopters
