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Bloomberg Quint

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Stock Market Live: GIFT Nifty Indicates Weak Open; Shyam Metalics, Zee Media, Senco Gold In Focus

The GIFT Nifty was trading near 22,400 on Wednesday morning at a marginal loss, indicating a weaker start for the benchmark indices.
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.
US President Trump announced that tariffs on pharmaceuticals will be imposed, suggesting that pharma companies will leave China and return to the US.
Global markets were rattled by Washington's decision to proceed with substantial tariffs on trade partners, with the Nikkei 225 and KOSPI seeing declines, and the Dow Jones Industrial and Nasdaq Composite ending lower.

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Bloomberg Quint

247

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US Tariffs To Significantly Impact Economies In Asia, ADB Says

The Asian Development Bank (ADB) predicts that US tariffs will have a significant impact on the economies in Asia.
The ADB expects the US tariffs to reduce growth in the region by a third of a percentage point in 2025 and a full percentage point in 2026.
The concentration of countries in Asia with a trade surplus with the US makes the region particularly vulnerable to the impact of the tariffs.
The ADB suggests that countries in the region cooperate more with each other and reach out to the US to mitigate the negative effects of the tariffs.

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Bloomberg Quint

153

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JPMorgan Model Shows Recession Fear In Markets Spiking Up To 79%

JPMorgan Chase & Co. says recession fears in stocks acutely tied to America’s economy have spiked to nearly 80%.
The small-cap focused Russell 2000 is now pricing in a 79% chance of an economic downturn.
Other asset classes like the S&P 500, base metals, and five-year Treasuries are also indicating significant chances of an economic downturn.
Corporate bond markets have yet to price in the spiking probability of an economic downturn, which could stress the financial system and lead to bankruptcies.

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Bloomberg Quint

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Gold Erases Earlier Gains Amid Trump Tariff Volatility

Gold erased earlier gains to finish flat as a White House official said the US is moving forward with tariffs in China.
The White House said President Donald Trump is proceeding with tariffs that would amount to 104% on many Chinese goods. Meanwhile Chinese Premier Li Qiang said his country has ample policy tools to 'fully offset' negative external shocks.
US equities and bonds fell following large swings, while bullion erased gains of as much as 1.3% as investors tried pricing a global trade war in which Trump may be open to tariff deals, but negotiations won’t be easy.
Gold for immediate delivery was little changed at $2,982.92 an ounce at 5 p.m. in New York. Silver slipped, while palladium was flat and platinum edged higher.

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Bloomberg Quint

307

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Oil Extends Brutal Selloff As Fresh Tariff Wave Imperils Demand

Oil prices have continued to plummet to a four-year low as the ongoing trade war threatens to impact energy demand.
Tit-for-tat retaliation between the United States and China has raised concerns of a global recession.
The decline in crude oil prices is a result of the aggressive trade agenda of US President Donald Trump and OPEC+ decision to loosen supply curbs.
The market outlook remains uncertain with the potential for further downside risk to oil demand.

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Bloomberg Quint

110

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Stocks To Watch Today: Shyam Metalics, Zee Media, Senco Gold, Signature Global, IRB Infra

Shyam Metalics reported a 13% YoY growth in stainless steel sales for March.
Senco Gold reported a 23% YoY retail growth and 18.4% growth in same-store sales growth.
IRB Infrastructure reported a 25% YoY growth in gross toll revenue.
Vodafone Idea approved the allotment of 3,695 crore shares worth Rs 36,950 crore to the government.

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Bloomberg Quint

410

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China’s Offshore Yuan Hits Record Low After PBOC Eases Grip

China's offshore yuan reached a record low following a loosening of restrictions by China and increased US tariffs on Chinese goods.
The offshore yuan dropped to 7.4290 per dollar, the lowest since the inception of the offshore yuan market in 2010.
This depreciation is seen as a strategy by China to boost its exports amid trade tensions, risking backlash and market volatility.
President Trump's threats of additional tariffs have added to the uncertainty, with China vowing to fight back.
Analysts predict a further yuan devaluation, but the PBOC aims to maintain stability and offset negative shocks.
Options traders expect increased yuan depreciation, but drastic devaluation may hinder capital outflows and investor confidence.
The PBOC has tools to manage market volatility and is likely to gradually introduce more flexible FX policies after tariff escalations.
Amid escalating tensions, the yuan's decline reflects market concerns and potential future policy shifts by China.
There are expectations for continued yuan flexibility and PBOC intervention to preserve stability and potentially resume monetary easing.
The outlook remains uncertain as traders speculate on China's next moves and the impact on global markets amidst the evolving trade conflict.

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Bloomberg Quint

226

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Asian Stocks Drop As Trump’s Tariff Deadline Nears: Markets Wrap

Asian stocks drop as Trump's tariff deadline nears.
Dollar edges lower against major peers.
Oil extends its selloff.
Investors concerned about the impact of the escalating trade war.

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Bloomberg Quint

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Yes Securities’ Girija Shankar Ray Predicts Marginal Rollback of Cement Price Hike In Southern States

Cement prices in southern Indian states saw a hike of Rs 45-50 per bag driven by cost pressures.
The price hike was overdue as there had been no price increases in the southern region over the past four months.
Girija Shankar Ray predicts a marginal rollback of the cement price hike in the southern states.
Other regions in India also witnessed price hikes, including the eastern, northern, central, and western regions.

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Siliconangle

397

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British GPU-as-a-Service startup NexGen Cloud raises $45M

U.K.-based graphics processing unit cloud company NexGen Cloud Ltd. has raised $45 million in a Series A funding round.
The funding will be used to establish NexGen Cloud as the AI infrastructure platform of choice in Europe.
NexGen Cloud operates as an "AI factory", providing access to GPUs and other infrastructure for AI applications.
The startup plans to use the funding to expand its GPU capacity, enhance platform development, and establish partnerships.

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Pymnts

370

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Report: Andreessen Horowitz Seeks to Raise $20 Billion for American AI Startups

Andreessen Horowitz is seeking to raise $20 billion for a tech investment fund focused on growth-stage investments in American AI companies.
The fund aims to attract global investors interested in investing in the US tech industry, aligning with President Donald Trump's push for domestic production.
The fund is in its early stages and the process might take several months to close.
A significant portion of the fund will be dedicated to follow-on investments in AI companies already in Andreessen Horowitz's portfolio.

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Siliconangle

248

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Networking startup Tailscale raises $160M at $1.5B valuation

Networking startup Tailscale has raised $160 million in funding, valuing the company at $1.5 billion.
Tailscale develops a virtual private network (VPN) platform that allows customers to establish secure encrypted connections between remote systems.
The company's approach eliminates the need for a VPN gateway, resulting in lower latency and improved network performance.
Tailscale plans to use the funding to expand its engineering and product teams and invest in the free version of its platform.

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Bloomberg Quint

360

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Bhavesh Aggarwal's Krutrim Hosts Meta's Llama 4 Models On Domestic Servers

Krutrim, Ola Group's AI firm, is hosting Meta's Llama 4 open-source models on its cloud platform.
Krutrim becomes the first Indian AI company to deploy Meta's Llama 4 models on domestic servers.
Krutrim currently hosts China-based DeepSeek AI models ranging from 8 billion to 700 billion parameters at prices ranging from Rs 10 to Rs 60 per million tokens.
Krutrim Assistant V2 is preparing to launch DeepSearch, a tool designed to improve the preciseness and efficiency of data searches.

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Bloomberg Quint

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One State, One RRB: Streamlining Regional Rural Banks For Enhanced Efficiency, Growth

Starting next month, the government will implement the 'one state-one RRB' plan by merging 15 regional rural banks across 11 states to improve efficiency and reduce costs.
With this fourth round of consolidation, the total number of RRBs will drop from 43 to 28.
Each merged RRB will have an authorized capital of Rs 2,000 crore, supported by prior government capital infusions.
The RRBs, established under the RRB Act of 1976, aim to provide credit and support to small farmers, agricultural workers, and artisans in rural areas.

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Bloomberg Quint

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Indian Oil's Mega Investment: Rs 61,077 Crore Petrochemical Complex In Odisha

Indian Oil Corp. plans to invest over Rs 61,000 crore in building a petrochemical complex in Paradip, Odisha, to meet the growing demand for petrochemicals in India.
The new petrochemical complex in Paradip is expected to be ready by 2029 and will produce various petrochemicals essential for industries like pharmaceuticals and agriculture, reducing reliance on imports.
India's demand for petrochemicals is estimated to grow from 30-35 million tonnes now to 80 million tonnes by 2040, which requires establishing new facilities every two years.
The Paradip petrochemical complex will be a game-changer, catalyzing industrial growth and self-sufficiency in the entire eastern region, and saving over Rs 30,000 crore annually in foreign exchange.

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