Deepak Shenoy, CEO of CapitalMind, downplayed fears around new U.S. tariffs affecting Nike, arguing the market is overreacting and that cost impacts are minimal despite a 46% Vietnam duty.

Oil prices plunged by 8% on Friday, heading for their lowest close since the midst of the coronavirus pandemic in 2021, as China hit back in an escalating global trade war with the U.S. after President Donald Trump s barrage of levies this week.

Indian equity markets may face a short-term correction due to high valuations, potential earnings downgrades, and macroeconomic uncertainties. Market strategist Manishi Raychaudhuri highlights the challenges posed by global trade impacts, sector-specific pressures, and risks related to currency weakness and increased equity supply.

Its latest high-conviction ideas include Adani Ports, ICICI Bank, M&M, SBI Card, and Shriram Finance, among others

Global billionaires lost a combined $208 billion in a single day after Trump’s tariff announcement rattled markets—the fourth-largest drop in Bloomberg Billionaires Index history. Over half saw declines averaging 3.3%, with US billionaires hit hardest. Carlos Slim gained as Mexico was spared, and the Middle East was the only region to post net wealth gains.

Jim Rogers criticizes President Trump s trade and tariff wars, stating they historically fail and harm global markets. Despite the US dollar being viewed as a safe haven, Rogers plans to sell it when its value peaks. He expresses concern about overheated equity markets and sees potential in undervalued assets like silver and Chinese investments.

UltraTech Cement plans to acquire Wonder WallCare for up to Rs 235 crore to expand its value-added product portfolio. The move strengthens its position in the putty market with a high-capacity plant in Rajasthan. The acquisition aligns with UltraTech’s broader strategy of capacity expansion, following recent stakes in Star Cement, India Cements, and Kesoram Industries.

Japanese stocks plummeted to their lowest levels since August, driven by fears of a global recession following US President Donald Trump s tariffs. The Nikkei index dropped 2.6%, while the Topix fell 3.5%. Banking shares led the decline, with Mitsubishi UFJ Financial Group falling 10.3% amid concerns over delayed interest rate hikes and economic growth impact.

Avenue Supermarts, which operates DMart, reported a 16.7% YoY rise in Q4 FY25 standalone revenue, reaching Rs 14,462.39 crore. This marks consistent growth over three years, backed by strong demand and store expansion. The stock surged 20.59% in the last month and is trading above key technical levels, reflecting investor optimism and strong.