Trade war fears have shredded significant gains made by investors across global indices. The Asian markets were the worst hit, with Chinese indices losing the most.

NTPC has acquired 27.36% equity of Bihar State Power Generation Company (BSPGCL) in Kanti Bijlee Utpadan Nigam (KBUN) which owns 610 MW Muzaffarpur Thermal Power Station and 50% equity of BSPGCL in Nabinagar Power Generating Company (NPGC) which is developing 1980 MW Nabinagar Super Thermal Power Project in district Aurangabad, Bihar.

India’s current account deficit (CAD) seems under pressure with rising oil prices and depreciating rupee adding to the worries. The Indian rupee touched an all-time low mark of Rs. 69 per dollar on Friday.

The trade war tensions have escalated and the Asian markets have been rattled and have reached 6-month low post the deepening of trade war between the US and China.

As trade war deepens across the globe, India doesn’t want to stay back wounded. Hike in import tariffs levied by India will counter the increased import duty imposed by the US on steel and aluminium imports. The tariff will be in place from August 4.

The wholesale price index for the month of May stood at 4.43 per cent against 3.18 per cent in the previous month of April. The significant surge in WPI was largely due to higher oil prices in the international market.

India’s macroeconomic factors portray an improvement in the economy. The manufacturing index surged substantially, while industrial production grew marginally for the month of April. The Inflation inched up to 4.9 per cent in the past month.

The World Bank forecasted that the Indian economy will grow as the fastest economy in the world surpassing, China the largest economy in the world. It expects India to grow by 7.3 per cent in FY19 and 7.5 per cent in the next two years.

Sugar stocks across the board witnessed sharp correction in the past few months. The major reason was substantial drop in sugar prices domestically and globally too. Government’s efforts are not showing signs of recovery in the near-term.

Coal India, the country’s largest coal manufacturer, posted strong top-line growth, however, higher employee benefit expenses lowered operating profit and bottom-line in Q4FY18.