Despite brief relief, the US-China trade war escalated as Trump hiked tariffs on Chinese goods to 125% after China raised its tariffs on US goods to 84% from April 10.
The Nifty 50 rose 1.08 percent to 22,409.15 while the BSE Sensex gained 1 percent to 73,860.7 respectively, as of 10:22 AM, after initial rise of 1.9 percent in the morning.
IMF's World Economic Outlook suggests growth slowdown in current year is concentrated in advanced economies, while emerging & developing economies are likely to lead global growth.
After a week of turmoil in markets over bank failures in major economies, Asian shares and currencies rebounded on Friday, as the dollar index fell 0.3%.
Overseas funds have sold a net $3.1 billion worth of shares in Taiwan, South Korea and India this week. That follows $4.9 billion of withdrawals last week, highest since August.
This confrontation looks subcontracted—escalation to re-establish Pakistan's indispensability to outside capitals while squeezing Afghanistan back under an old paradigm.
CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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