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American stock futures saw a rise. The dollar's value increased after a US court blocked Donald Trump's global tariffs. The court considered the tariffs illegal. Nvidia Corp's strong earnings also boosted market confidence. Contracts for the S&P 500 and Nasdaq 100 experienced gains. However, the Trump administration can appeal the ruling in federal court. Oil prices also saw a jump.
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Sebi has barred former IndusInd Bank executives, including the CEO, from trading due to alleged insider trading. They are accused of trading on information about accounting discrepancies before public disclosure. The regulator impounded 19.8 crore, representing gains avoided by selling shares before the price drop following the disclosure of a 1,529 crore discrepancy.
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US Federal Reserve officials anticipated potential economic challenges. Rising inflation and unemployment were concerns discussed in their last meeting. Staff projections indicated increased recession risks. These risks were tied to proposed tariffs. The Fed decided to hold steady the benchmark policy rate. The central bank awaits clarity on the Trump administration's tariff plans.
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