Monday, March 16
India's coal imports experienced a slight decrease of 1.7% in FY25, totaling 263.56 MT, while domestic coal production reached a record 1,047.57 MT. This increase in domestic output reflects the coal ministry's commitment to self-reliance and reduced import dependence. The subdued import appetite is expected to continue until demand rises during peak summer.
The IMF has imposed 11 new conditions on Pakistan's bailout program, raising the total to 50, and cautioned that escalating tensions with India could jeopardize fiscal and reform objectives. These conditions include parliamentary approval of the federal budget, agricultural income tax reforms, and liberalization of used car imports.
Vodafone Idea has warned the Department of Telecommunications that it may not survive beyond FY26 without government assistance on adjusted gross revenue (AGR) dues. The company is seeking a waiver of approximately Rs 30,000 crore in AGR dues and has proposed a payment plan to the government.
Gold price prediction today: Amidst geopolitical uncertainties, gold prices are displaying bearish technical patterns, signaling potential sell opportunities. According to LKP Securities, MCX Gold June 2025 contract faces strong resistance after a V-shaped recovery.
Asian markets experienced a downturn on Friday, mirroring Thursday's mixed global cues. Investor caution prevailed as initial optimism from China-US trade talks waned. Shanghai, Nikkei, and Hang Seng indices declined, while South Korea's Kospi showed a slight increase. US markets saw modest gains amid uncertainty over trade tensions, with the S&P 500 nearing its record high.
Stock market today: Nifty and BSE Sensex indices closed lower on Friday as investors booked profits in IT shares and Bharti Airtel following the previous session's substantial gains. The NSE Nifty decreased by 42.30 points (0.17%) to 25,019.80.
Defence Minister Rajnath Singh on Friday urged the IMF to reconsider its loan to Pakistan, fearing funds will be used for terror infrastructure. India abstained from the vote, citing Pakistan's history of misusing funds and supporting cross-border terrorism. India also highlighted the military's significant control over Pakistan's economy, hindering structural reforms.
A United Nations report projects India's economic growth to moderate to 6.3% in 2025, a slight decrease from previous forecasts, but still among the fastest-growing globally, driven by strong consumption and government spending. While exports face potential challenges from US tariffs, stable employment and declining inflation are expected. Globally, economic prospects are fragile due to trade tensions.
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, started trade on a choppy note on Thursday. While Nifty50 was near 24,650, BSE Sensex was below 81,300.
