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Bids offered for this OMO were worth ₹80,820 crore, against the notified amount of ₹20,000 crore, RBI data showed. On the other hand, after reviewing liquidity conditions, the

The domestic market ended slightly lower due to weak global cues amid major news developments. Highlighted stocks include HDFC Bank, Mazagon Dock, Bajaj Finance, DMart, and UltraTech Cement, with significant updates on stake proposals, acquisitions, financial performance, and quarterly results influencing market movements.

Shares of Indian pharmaceutical companies surged on Thursday after the US exempted the sector from new trade tariffs. The Nifty Pharma index rose by 2.3%, with major gains for IPCA Laboratories, Lupin, Sun Pharmaceutical, and Cipla. Analysts see growth potential and recommend investing in pharma stocks.

The US has criticized India s financial industry policies, highlighting favourable treatment towards domestic firms like LIC and data storage requirements hampering foreign payment companies. The report also mentions barriers for foreign banks and insurers, unequal opportunities for foreign reinsurers, and lack of enforcement of market share limits for foreign digital payment firms.

So, shares of textile makers stood out Thursday, surging as much as 18%, as the 26% tariffs were on home furnishings and readymade garments from India paled in comparison with 54% levies on China, 46% for Vietnam, 37% for Bangladesh, and 30% for Pakistan.

The S&P 500 ended down almost 5% after U.S. President Donald Trump s sweeping tariffs ignited fears of an all-out trade war and a global economic recession.

Shares in Australia and Japan fell at the open. US equity-index futures were steady as trading kicked off in Asia after the S&P 500 declined 4.9% on Thursday and the Nasdaq 100 slumped 5.5%, the biggest drop since 2020 for each.

U.S. stock markets experienced sharp declines, with the S&P 500 and Dow Jones suffering their largest losses since June 2020 due to new tariffs announced by President Trump. The Nasdaq Composite also saw a significant drop. Investors are worried about potential global economic turmoil and are awaiting further guidance from the Federal Reserve on interest rate cuts.

Gold prices remained stable, poised for the fifth weekly gain as concerns over a global trade war driven by U.S. President Trump s tariffs boosted demand for safe-haven assets. Spot gold held at $3,109.95, while U.S. gold futures rose 0.3%. Investors await the U.S. non-farm payrolls data for insights into the Federal Reserve s interest rate path.

The Canadian dollar hit a nearly four-month high against the U.S. dollar after Canada avoided new tariffs in the ongoing trade war. Investors are moving away from the American currency, anticipating further interest rate cuts by the Federal Reserve. The loonie gained 1% to 1.4090 per U.S. dollar.