Economy

Steel Ministry likely to crackdown on substandard imports; 15-day relaxation granted to clear old stock

Malpractices in India’s steel imports have surfaced, with traders sidestepping BIS quality norms and manipulating data to bring in substandard consignments from China, Vietnam, and some from Japan. Increased scrutiny by the Steel Ministry uncovered how several smaller importers falsified paperwork while applying for “new grades” to evade import restrictions and mandatory quality checks. In […]

US stock market today: Wall Street slips ahead of Trump’s tariff deadline; Tesla tanks 6.5% as Elon Musk– Donald Trump feud roils investor sentiment

Wall Street started the week on a cautious note, opening lower on Monday as investors grew jittery ahead of a July 9 tariff deadline set by the Trump administration. The S&P 500 fell 0.4%, the Dow Jones Industrial Average dropped 102 points (0.3%), and the Nasdaq Composite lost 0.6% in early trading.The pullback came as […]

Elon Musk’s new party spooks investors: Tesla shares fall 7% as political move revives Donald Trump feud; stock slumps 35% since December peak

Tesla shares fell nearly 7% in premarket trading on Monday after CEO Elon Musk’s surprise launch of a new US political outfit, the “America Party”, reignited investor concerns over his focus on the electric vehicle maker’s future.The announcement came Saturday from Musk, who previously led the now-defunct Department of Government Efficiency (DOGE), and was accompanied […]

Stock market today: Nifty50 opens in red; BSE Sensex below 83,400

Market experts anticipate continued consolidation, pending further clarity on trade discussions. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Monday on global uncertainty regarding US President Donald Trump’s tariff policies. While Nifty50 was above 25,400, BSE Sensex was below 83,400. At 9:17 AM, Nifty50 was […]

Top stocks to buy in upcoming week: Nifty broader trend still bullish – check stock recommendations with a 3-month horizon

Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBICAP Securities, Chennai Petroleum Corporation, and KPR Mill are the top stock picks for the upcoming week. Here’s his view on Nifty, Bank Nifty and the top stock picks with a 3-month horizon:Index View: NiftyThe benchmark […]

Trent share price today: Stock drops around 9% after slower growth outlined at AGM; Nuvama downgrades

Nuvama expressed its concerns about the potential slowdown in Trent’s growth. (AI image) Trent Ltd, a Tata Group company, saw a significant share price decline of 8.7% to Rs 5,652 on the National Stock Exchange on Friday. This drop followed the company’s AGM announcement regarding slower revenue growth, leading Nuvama brokerage to revise its rating […]

Top stocks to buy today: Stock recommendations for July 4, 2025 – check list

Top stocks to buy (AI image) Stock market recommendations: According to Bajaj Broking Research, UPL, and Chennai Petroleum Corporation are the top stock picks for today. Here’s its view on Nifty, Bank Nifty and the top stock picks for July 4, 2025:Index View: NIFTYIn recent weeks, the Nifty index has showcased remarkable resilience, maintaining its […]