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The U.S. dollar remains near a five-month low against the euro and other major currencies due to fears of an economic slowdown from President Trump’s tariff policies. The dollar index has dropped 6% since January. Investors are awaiting guidance from the Federal Reserve’s upcoming meeting and Germany’s vote on a significant stimulus package.
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Oil prices remained largely unchanged in early trading on Tuesday as concerns over global growth, U.S. tariffs, and Russia-Ukraine ceasefire talks balanced out Middle East instability. Talks between Trump and Putin on ending the Ukraine war and their possible impact on Russian crude supply were closely watched by markets.
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Benchmark BSE Sensex bounced back with a 341-point gain, ending a five-day losing streak due to strong performance in banking stocks and a global rally. Stocks like HAL, BEL, and KPIT Tech showed significant movements, with HAL and KPIT Tech rebounding, while BEL experienced slight fluctuations.
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PDP Shipping and Projects shares debut on the BSE SME platform following a fully subscribed IPO that raised approximately Rs 13 crore. The company, specializing in logistics and transport solutions, will utilize the funds for long-term working capital and general corporate purposes.
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