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📅 April 10, 2025 - Market Holiday & Major Financial News Update
Welcome to your daily stock market news roundup, where we cover all the major updates impacting Indian and global financial markets! In today's video, we bring you a complete breakdown of top headlines—from Mahavir Jayanti market holiday to Biocon’s big FDA approval, Trump’s tariff shocker, and foreign investor activity. Don’t forget to like, subscribe, and hit the bell icon 🔔 for daily stock market updates!
📰 Top News Highlights:
🔴 1. Stock Market Holiday on Mahavir Jayanti (April 10, 2025)
Indian stock exchanges NSE and BSE are closed today in observance of Mahavir Jayanti 2025. All segments including equity, F&O, currency, and SLB are shut. However, MCX will open only for the evening session (5:00 pm – 11:30 pm). Plan your trades accordingly!
Upcoming market holidays include Ambedkar Jayanti (April 14) and Good Friday (April 18).
🧬 2. Biocon Biologics Gets USFDA Approval for Cancer Drug Jobevne
Biocon Biologics has received U.S. FDA approval for Jobevne (bevacizumab-nwgd), a biosimilar to Avastin. This is Biocon’s seventh biosimilar approval in the U.S., boosting its oncology pipeline. The drug helps restrict tumor growth by blocking blood supply (VEGF inhibitor). CEO Shreehas Tambe hailed this as a major milestone in Biocon’s global expansion strategy and commitment to affordable cancer treatment.
🌐 3. Trump Announces Tariff Pause—Except for China (Trade War Update)
In a surprising move, President Donald Trump announced a 90-day tariff pause for all countries except China, which now faces a massive 125% tariff. While global stock markets rallied, China responded with 84% tariffs on US goods. The announcement triggered a surge in the Dow Jones (+7.87%), Nasdaq (+12%), and S&P 500 (+10%), with optimism around easing trade tensions.
💸 4. Yuan Hits 17-Year Low Amid US-China Trade War
Amid rising U.S. tariffs, the Chinese yuan dropped to 7.3498 per dollar, its lowest level since 2007. The PBOC intervened by limiting dollar purchases to curb depreciation. With concerns about capital flight and market instability, China is exploring alternative economic support through subsidies and tax reliefs instead of currency manipulation.
📈 5. Foreign Portfolio Investors Pump ₹31,877 Cr into Indian Equities
FPIs made a strong comeback in late March 2025, injecting ₹31,877 crore into Indian equities. The biggest inflows were into financial services (₹17,585 Cr), followed by telecom, healthcare, power, and capital goods. This resurgence follows RBI’s liquidity measures and signals strong global confidence in the Indian economy heading into the new financial quarter.
🚗 6. Remsons Industries Acquires Majority Stake in EV Player Astro Motors
Remsons Industries Ltd acquired a majority stake in Astro Motors Pvt Ltd for ₹14.22 crore. Astro, based in Chakan, Pune, manufactures electric 3-wheelers for cargo and passenger use with a 747 kg payload and 131 km range. The acquisition marks Remsons’ entry into India’s rapidly growing electric mobility space, with product launches and dealer expansion planned in 2025.
#StockMarketNews #Biocon #TrumpTariffs #ElectricVehicles #FPIInflow #USChinaTradeWar #RemsonsIndustries #AstroMotors #MahavirJayanti #USFDAApproval #YuanDrop #IndianMarkets #GlobalMarkets
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