While we are still going to end up with sizable tariffs on imports this year compared to the start of the year, it is important to look at where we were just five weeks ago. At that point, with tariffs at 145% on one side and 125% on the other, we were essentially facing a virtual embargo on trade between the two largest economies in the world.

Indian benchmarks experienced a decline of over 1% on Tuesday, driven by uncertainty regarding near-term market prospects and profit-booking after a recent rally. Ebbing foreign inflows and a surge in Covid-19 cases across India and Asia further contributed to the cautious market sentiment. Traders are also adding short positions, suggesting limited upside potential in the near future.

The NSEL payment crisis began in July 2013 when the exchange defaulted on 5,600 crore owed to around 13,000 investors. It had offered contracts that involved buying and selling commodities with fixed returns, but most trades were not backed by the actual commodity.

CleanMax Enviro Energy Solutions is preparing for an initial public offering. The renewable energy company aims to raise ₹4,000-₹5,000 crore. The IPO will include both primary and secondary share sales. It values CleanMax at around ₹18,000-₹20,000 crore. Brookfield and other investors will sell stakes. The funds will support CleanMax s future growth. Axis Capital and other banks are managing the offering.

Stock markets experienced a slight downturn after a period of consolidation, influenced by mixed global signals. Several companies, including ONGC, IndiGo, and IndusInd Bank, are set to release their Q4 results today. United Spirits reported a significant profit increase, while Dixon Technologies saw a substantial surge in its profit after tax.

Oil prices surged following reports of potential Israeli preparations for strikes on Iranian nuclear facilities, as indicated by US intelligence. Asian stocks experienced gains, while US equity futures showed slight declines. Geopolitical tensions are resurfacing, potentially impacting markets that had recently stabilized after tariff-related volatility.

US stocks declined on Tuesday, ending a six-day winning streak. Rising Treasury yields and concerns about US debt impacted the market. Donald Trump s tax-cut plan added to debt worries. The Dow, S&P 500, and Nasdaq all experienced losses. Energy, communication services, and consumer discretionary sectors led the decline. Investors are also watching Federal Reserve officials comments on monetary policy.

Oil prices saw a rise following reports of a potential Israeli strike on Iranian nuclear facilities. This development has sparked fears of supply disruptions in the Middle East. Brent crude futures increased. US crude futures also experienced a surge. Concerns exist about Iran potentially blocking the Strait of Hormuz. US crude oil stocks rose, while gasoline and distillate inventories fell.

Gold prices experienced a rise on Wednesday, reaching $3,300.72 an ounce, as the dollar weakened amidst U.S. fiscal uncertainties. Investors sought refuge in gold due to ongoing debates in Congress over a significant tax bill. The dollar s dip to a two-week low made gold more affordable for international buyers.

The U.S. dollar weakened as President Trump struggled to gain support for his tax bill, and concerns arose about potential U.S. intervention for a weaker dollar. Trade war developments slowed, impacting currency markets, while rising U.S. Treasury yields and a Moody s downgrade contributed to a "sell America" sentiment. Analysts suggest the U.S.