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FPIs pull out Rs 10.4k crore in 4 trading sessions
Foreign investors withdrew Rs 10,355 crore from India’s equity markets in the last four trading sessions this month due to the US imposing sweeping tariffs, including on India. This outflow followed a significant net investment of Rs 30,927 crore during the six trading sessions from March 21 to March 28.
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Dalal Street eyes on Trump tariff fallout, RBI’s rate decision
In the coming truncated trading week, Dalal Street investors will focus on US tariff-related issues, RBI’s interest rate decision, and other key economic factors. The recent US tariffs have triggered a global market meltdown, with significant losses in major indices worldwide, impacting various sectors back home.
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Metal companies to tap demand in home market
Indian metal companies like Vedanta, JSW Steel, Hindustan Zinc, and NALCO are planning major expansions this fiscal year, driven by increasing domestic demand despite global trade challenges. Steel demand is expected to grow by 10% annually, while aluminium demand is projected to grow at a CAGR of 7.2% till 2030.
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Govt unlikely to ease checks on investments from China
The Indian government is unlikely to relax investment restrictions on Chinese companies due to concerns over their opaque ownership and ties with the Chinese military. Despite private sector appeals, the government’s vigilance is heightened by issues such as China’s non-market economy practices and their impact on manufacturing ambitions in India.
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Trump’s tariffs: Apple, Samsung to up dispatch of India-made stuff
Apple and Samsung are shifting their production to India to counter higher US tariffs on imports from China and Vietnam. This move aims to retain competitiveness in the US market, with Apple increasingly using Indian factories for iPhone shipments and Samsung also considering India as a temporary measure for its exports.
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After Trump’s tariffs, stocks plunged but penguin memes ticked up
The Trump administration implemented extensive tariffs globally, impacting markets and prompting international backlash. In a surprising twist, online penguin memes emerged after Trump included uninhabited Australian territories home to penguins in the tariffs. The move, part of a broader tariff hike, has spurred worldwide scrutiny and reactions.