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The Indian rupee weakened in the non-deliverable forward market following the U.S. President Trump s announcement of a 26% tariff on Indian imports. This move, part of a broader plan including a 10% baseline tariff on all imports and a 34% duty on China, led to significant market reactions.

Since 2000, gold has outperformed the Nifty50 index with a 2000% return versus Nifty s 1470%, providing strong diversification benefits to investors. The government has halted the issuance of sovereign gold bonds, making Gold ETFs an attractive option for exposure to the yellow metal.

Mumbai-based defence tech startup Tonbo Imaging has raised Rs 175 crore in Series D pre-IPO funding from Florintree Advisors, Tenacity Ventures, and the Export-Import Bank of India. This investment will support the development of advanced infrared sensors, high-power microwave technologies, and global expansion. The company plans to push innovation boundaries and scale its global footprint.

​Indian benchmark indices ended lower on Thursday following the U.S. announcement of 26% reciprocal tariffs, although the decline was limited by a rally in pharma stocks​

Jio Financial Services and BlackRock received 6.65 crore shares of their joint venture, Jio BlackRock Investment Advisers Private Limited, for Rs 66.5 crore. The joint venture aims to enhance wealth management and broking business in India through a digital-first approach by the partnership between Jio and BlackRock.

Axis Securities advises investors to increase cash holdings by up to 10% and selectively buy high-quality stocks amid market volatility from U.S. tariffs on Indian imports. They favor sectors like private banks, telecom, and healthcare, while expressing caution on the IT sector. The recent Reserve Bank of India policy moves and domestic consumption boost could support market stability.

Sebi granted an exemption to the Government of India from open offer compliance for a direct equity acquisition in Vodafone Idea. This move aims to provide financial relief to the telecom company, enhancing its liquidity and cash flow. Government shareholding in VIL will rise to 48.99%.

U.S. stock indexes fell sharply on Thursday as President Trump s tariffs on major trade partners sparked fears of a trade war and economic recession. Key technology stocks like Apple and Microsoft experienced significant declines, highlighting investor concerns. Traders anticipate multiple Federal Reserve interest rate cuts this year due to the heightened economic risks.

On Thursday, the benchmark Sensex dropped by 322 points, finishing at 76,295.