China criticises US tightening of chip export rules
April 1st, 2024 09:27
The Biden administration last week revised rules aimed at making it harder for China to access U.S. artificial intelligence chips and chipmaking tools, part of a larger effort to hobble Beijing#39;s chipmaking industry over national security concerns.
Stock Market Live Updates: Sensex, Nifty start FY2025 on a high note: Sensex gains over 400 points, Nifty around 22,470 points
April 1st, 2024 09:27
Sensex, Nifty, Share Prices LIVE: The first day of the financial year 2025 began positively for the Indian market, with the BSE Sensex climbing 405.60 points to 74,056.95 and the NSE Nifty gaining 144.75 points to 22,471.65 in early trade. Analysts anticipate the market to trade cautiously amid the upcoming RBI policy, Q4 results, and India Inc.’s FY25 outlook. The general election is also expected to influence trading interest in the coming days. FY24 was a standout year for the Indian market, with large caps gaining 33%, mid-caps surging 56%, and small caps excelling with a 63% increase. Retail inflows remained strong, and FIIs showed increased buying activity. The RBI’s upcoming MPC meeting is expected to keep interest rates unchanged. Asian stocks are mixed, with Japan down and China, Singapore, and Taiwan up. Looking ahead, sectors like Pharma, Capital Goods, and Infra are expected to drive growth, while challenges persist for FMCG and IT sectors due to subdued demand.
Oil holds onto gains as investors bet on tighter supply
April 1st, 2024 08:27
Brent crude fell 17 cents, or 0.2%, to $86.83 a barrel by 0017 GMT after rising 2.4% last week. U.S. West Texas Intermediate crude was at $83.06 a barrel, down 11 cents, or 0.1%, following a 3.2% gain last week.
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