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U.S. stocks surged on Tuesday, fueled by encouraging earnings reports and signals of easing U.S.-China trade tensions. President Trump s remarks about potential tariff reductions and his support for Federal Reserve Chair Jerome Powell further boosted investor confidence. The Dow Jones Industrial Average soared over 1,000 points, with the S&P 500 and Nasdaq also experiencing significant gains.

Wall Street s main indexes rallied at the open on Wednesday after U.S. President Donald Trump dialed back on his threats to fire Federal Reserve Chair Jerome Powell and raised hopes for a trade deal with China.

Tesla investors breathed a sigh of relief after CEO Elon Musk said he would refocus his attention on the electric automaker, but that promise did not entirely dispel worries that his right-wing shift had irrevocably damaged the company s brand.

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Indian steelmakers like JSW Steel, Tata Steel, and SAIL are expected to post strong sequential profit growth in Q4 FY25, driven by seasonal strength, rising steel prices, and falling input costs. However, year-on-year profit may dip due to import pressures.

ICL Fincorp plans to raise Rs 100 crore via NCD

Updated at : 2025-04-24 04:50:02

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Gold loan financier ICL Fincorp on Wednesday said it plans to raise Rs 100 crore through public issue of secured, redeemable, Non-Convertible Debentures (NCDs) for its business growth.

Nine stocks from the BSE Smallcap index hit 52-week highs, including NACL Industries and Paradeep Phosphates, signaling strong momentum and growth potential in the past month.

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Bajaj Housing Finance posted a 54% YoY rise in Q4 net profit to ₹587 crore, driven by steady loan disbursals, robust asset quality, and higher net interest income. AUM rose 26% to ₹1.15 lakh crore, while NIM held steady at 4%.

Gold prices experienced a significant drop, plummeting by $140 per troy ounce due to President Trump s softened stance on China tariffs and his reassurance regarding Federal Reserve Chair Jerome Powell. This triggered profit-booking after a substantial rally in 2025, causing domestic prices in India to fall by Rs 2,845 per 10 gram.

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