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Bloomberg Quint
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NDTV Profit Pulse On April 4 — Top 8 Stories At 8 P.M. Under 8 Minutes
- Oil prices saw a significant drop to a four-year low due to an unexpected surge in OPEC+ output, with Brent crude falling by 14% in two days.
- China retaliated against US tariffs by imposing a 34% tariff on all US imports, escalating the trade war and impacting global economic growth.
- US stock markets experienced a sharp decline following China's trade conflict escalation, with S&P 500, Dow Jones, and Nasdaq Composite all down by 3%.
- Nifty Pharma index witnessed a significant decline due to future tariff announcements by US President Trump, causing a nearly 5% drop and erasing previous gains.
- Both Nifty and Sensex continued a downward trend, reflecting concerns over global trade uncertainties caused by Trump's tariff policies.
- RBI is expected to implement a rate cut in April amid global economic slowdown and uncertainty following Trump's retaliatory tariffs, as predicted by economists.
- HSBC India Services PMI showed significant expansion in March, with the Business Activity Index at 58.5, above the long-term average, indicating continued growth.
- Paytm founder responded to India versus China debate on startups, noting China's advanced ecosystem and India's focus on immediate growth opportunities.
- Other key stories include Siemens Energy Demerger, insights on Trump tariffs, 8th Pay Commission updates, IndusInd Bank Q4 performance, and gold price projections.
- Stay updated with LIVE TV, Stock Market Updates, Business News, and more on NDTV Profit for the latest developments.
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