Latest Stock Market News

​Indian benchmark indices ended lower on Thursday following the U.S. announcement of 26% reciprocal tariffs, although the decline was limited by a rally in pharma stocks​

Jio Financial Services and BlackRock received 6.65 crore shares of their joint venture, Jio BlackRock Investment Advisers Private Limited, for Rs 66.5 crore. The joint venture aims to enhance wealth management and broking business in India through a digital-first approach by the partnership between Jio and BlackRock.

Axis Securities advises investors to increase cash holdings by up to 10% and selectively buy high-quality stocks amid market volatility from U.S. tariffs on Indian imports. They favor sectors like private banks, telecom, and healthcare, while expressing caution on the IT sector. The recent Reserve Bank of India policy moves and domestic consumption boost could support market stability.

Sebi granted an exemption to the Government of India from open offer compliance for a direct equity acquisition in Vodafone Idea. This move aims to provide financial relief to the telecom company, enhancing its liquidity and cash flow. Government shareholding in VIL will rise to 48.99%.

U.S. stock indexes fell sharply on Thursday as President Trump s tariffs on major trade partners sparked fears of a trade war and economic recession. Key technology stocks like Apple and Microsoft experienced significant declines, highlighting investor concerns. Traders anticipate multiple Federal Reserve interest rate cuts this year due to the heightened economic risks.

On Thursday, the benchmark Sensex dropped by 322 points, finishing at 76,295.

President Trump s new tariffs have led to a global market meltdown, impacting major U.S. tech companies like Apple and retail giants such as Walmart and Nike. The 10% baseline tariff on all imports has spiked costs across industries, destabilizing global supply chains and raising recession risks. Tech and retail sectors, along with banks and auto industries, are facing significant losses.

Gold prices in New Delhi hit a new peak of Rs 94,350 per 10 grams due to persistent buying by jewellers and stockists. In contrast, silver prices dropped by Rs 1,000 to Rs 1,00,500 per kg. Gold futures for June delivery also initially climbed but later fell. In international markets, spot gold dipped after an initial high.