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April 2025

It was a day of despair and resilience on Dalal Street as the Nifty 50 nosedived 743 points, mirroring the global financial storm sparked by Wall Street’s record slump. However, despite the turbulence, the index managed to recover nearly 500 points from its intraday low, offering a sliver of hope to rattled investors.

A Rollercoaster Monday for the Markets

On Monday, April 7, the Indian benchmark index Nifty 50 opened deep in the red, following a brutal sell-off in the U.S. that wiped out over $5 trillion in market cap across global bourses. At one point, Nifty was trading well below the crucial 21,964 mark—a swing low from March 4—but it managed to claw its way back to close just above this level, ending the session at its day’s high.

The India VIX, which measures market volatility, soared by a staggering 66%, closing above 22, indicating heightened nervousness and increased hedging activity.

Widespread Selling with a Hint of Recovery

Of the Nifty 50 constituents, only Hindustan Unilever emerged unscathed. The rest bled, but many of them bounced off their lows as the session progressed, suggesting that panic selling gave way to selective bargain hunting in the latter half of the day.

This meltdown in Indian equities wasn’t isolated. It was a reactionary tremor from Wall Street, where U.S. futures continue to flash red, down by nearly 1,200 points, adding fuel to fears of a synchronized global downturn.

Trump’s Comments Add to the Stir

Speaking amid the financial storm, Donald Trump, whose 10% reciprocal tariff policy is widely believed to have triggered the Wall Street rout, remarked cryptically, “Sometimes medicines need to be taken to fix something,” suggesting that economic pain might be part of a larger plan.

But for investors, especially retail participants, this “medicine” came without warning, sending shockwaves across portfolios.

Technical Levels, Retracements, and What Lies Ahead

Before Monday’s crash, the Nifty had staged an impressive 1,900-point recovery from its March 4 low. However, by Friday, 50% of that rally had already been surrendered. The 61.8% Fibonacci retracement level at 22,692 was rendered meaningless amid the carnage, especially with GIFT Nifty showing continued weakness.

According to Rohit Srivastava of Indiacharts.com, all eyes are now on 21,281, the low hit on June 4 during the Lok Sabha election result day. A breach below this support could open the floodgates for further downside, with bearish momentum likely to accelerate.

All Eyes on RBI and TCS This Week

Amid the chaos, the market is bracing for two pivotal events:

  • RBI Policy announcement on Wednesday, where commentary around inflation, interest rates, and growth will be closely scrutinized.
  • TCS earnings on April 10 (Thursday), which will formally launch the Q4 earnings season, offering insights into corporate resilience amid macroeconomic headwinds.

Final Word: A Market on the Edge

Today’s session may have ended off the lows, but the pain was palpable, the nerves were frayed, and the path ahead looks foggy. While technical indicators show oversold conditions, the sentiment remains fragile, and the street knows that more volatility is in store.

For now, the bulls can only hope the worst has passed, but with global cues still shaky and domestic triggers lined up, caution may well be the only strategy worth banking on.

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In what’s being dubbed the most dramatic markets collapse since the COVID-19 crash, financial systems around the globe were jolted on April 5 as former U.S. President Donald Trump’s 10% baseline reciprocal tariff policy came into effect. The aftershocks were instant and unforgiving—Wall Street logged its worst day in four years, and tremors were felt across the Atlantic in London, Frankfurt, and Paris, sparking renewed fears of a global recession.

Wall Street in Free Fall

It started with the Dow Jones Industrial Average tumbling over 5.5%, leading a bloodbath that saw the S&P 500 and Nasdaq 100 plummet 6% and 6.1%, respectively. With $5 trillion in market value wiped out in just 48 hours, traders were left grappling with déjà vu—this was the steepest two-day fall since March 2020, when the world first reeled from pandemic panic.

Adding to the pain, 10-year Treasury yields dipped three basis points to 3.99%, suggesting investors were fleeing to safety, while the U.S. dollar surged 1%, underlining the depth of concern. Though typically a haven during crises, tech-heavy Nasdaq entering bear market territory marks how deeply the sentiment has soured across sectors.

Trump’s Tariff Storm: Global Reactions Begin

The catalyst? Trump’s April 2 announcement of a reciprocal tariff system, introducing a flat 10% import tax on all goods entering the U.S., with provisions for added surcharges targeting specific sectors. The administration argues it’s a move for trade fairness and domestic industrial revival, but critics—both domestic and international—are calling it protectionism with a heavy price tag.

Markets have responded with swift pessimism, as supply chain disruptions, rising input costs, and inflationary pressures loom large. China’s looming countermeasures have only added fuel to the uncertainty.

Europe Feels the Heat

The tariff tremors rippled across the globe. In London, the FTSE 100 nosedived 1.8%, its worst fall since the pandemic began. Tech, manufacturing, and energy sectors bore the brunt. Germany’s DAX dropped 2.3%, while France’s CAC 40 fell by 1.6%, indicating a continent-wide investor retreat from risk.

UK Prime Minister Keir Starmer, reacting to the crisis, began damage control efforts. After speaking with the Australian and Italian Prime Ministers, Starmer reiterated the need for “like-minded nations to maintain strong global relationships” in an increasingly fragmented trade environment. Sources confirm more leader-to-leader calls are lined up through the weekend.

Currency Swings & Crypto’s Quiet Climb

As traditional markets stumbled, crypto assets offered a modest glimmer. Bitcoin gained 2.1%, touching $84,024.64, while Ether rose 0.8% to $1,811.63—a reminder that in times of fiat chaos, digital assets may still serve as an alternative hedge, albeit volatile.

Meanwhile, global currencies took a beating:

  • The euro slipped 1% to $1.0944
  • The British pound dropped 1.7%, falling to $1.2876
  • The yen weakened 0.6% to 146.95 per dollar

These shifts reflect the dollar’s dominant surge, which is often seen when investors scramble for stability amid chaos.


Outlook: A Fragile Global Moment

Whether this is the start of a full-blown global recession or a sharp but short-term correction remains uncertain. What’s clear, however, is that Trump’s tariff play has injected fresh volatility into an already cautious global economy. From Wall Street to Westminster, stakeholders are bracing for a new phase of uncertainty, one where nationalist trade policies meet fragile post-pandemic recovery.

The days ahead will be crucial. Markets will look to central banks, fiscal policymakers, and global leaders for stability—or at least, for clarity. But for now, the only certainty is that the era of calm markets may have abruptly ended.

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It was an evening of emotion, nostalgia, and a long-awaited triumph. Under the glowing lights of the MA Chidambaram Stadium, Delhi Capitals ended a 15-year winless streak at Chepauk, scripting a memorable 25-run victory over Chennai Super Kings in the 2025 edition of the Indian Premier League.

What made the night even more special was the rare presence of MS Dhoni’s family in the stands—his parents Pan Singh and Devika Devi, along with wife Sakshi and daughter Ziva, were spotted cheering from the VIP box. But the fairy-tale finish many hoped for didn’t quite unfold.

Dhoni’s Calm Resistance Not Enough

Chasing 184, CSK were in deep trouble early on, collapsing to 74/5. That’s when the crowd rose again, welcoming the legendary Mahendra Singh Dhoni to the crease. With Chepauk roaring in anticipation, Dhoni played with characteristic composure, finishing unbeaten on 30 off 26 balls. But the task had already grown too steep. The required rate soared, and despite the maestro’s presence, CSK fell short by 25 runs.

It was a performance that embodied Dhoni’s grit, but also highlighted Chennai’s increasing over-reliance on his experience to steer them through troubled waters.

KL Rahul Leads Delhi’s Charge

Earlier in the afternoon, DC skipper Axar Patel won the toss and chose to bat—a decision that turned out to be spot on. KL Rahul was in sublime touch, smashing 77 off 48 deliveries, reaching his half-century in just 33 balls. His innings was filled with elegance and precise shot selection, and his partnership with Abishek Porel (33) ensured Delhi had a solid platform to launch from.

The visitors set a competitive total of 184, a score that looked even more daunting once CSK began to falter with the bat.

CSK’s Slide Continues

This marks back-to-back losses for CSK, who had started the season with promise but now find themselves slipping. Their batting, though stacked with talent, appears inconsistent—apart from Ruturaj Gaikwad and Shivam Dube, the Indian core has yet to find rhythm.

Bowling has also been a mixed bag. Noor Ahmed continues to impress, but the rest of the attack has lacked bite and discipline, particularly in the middle and death overs.

Delhi’s Dream Start

For Delhi Capitals, however, the story is one of resurgence and rhythm. With two wins in as many games, they now look like a team that has found its groove early. The balance in their squad—steady top-order, dependable middle, and variety in their bowling—has begun to yield results.

And now, with this landmark win at Chepauk, they’ve buried a 15-year-old ghost, and done it with style.


While Chennai will regroup and look to iron out their flaws, Delhi walk away with a historic win and growing confidence. As for Dhoni, though the scoreboard didn’t reflect a win, the cheers that echoed across Chepauk as he walked off said it all—the legend still holds the heart of the nation.

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When Sunrisers Hyderabad (SRH) began their IPL 2024 campaign with a record-breaking chase that nearly touched 300, it seemed like they had unlocked a new era of fearless cricket. However, three heavy defeats later, the same ultra-aggressive approach with the bat has left them languishing at the bottom of the table, exposing a long-standing concern—an inconsistent and underwhelming bowling unit.

Tale of Two Captains: A Pitch That Held Secrets

Even before a ball was bowled at Eden Gardens, the captains’ reactions at the toss gave away just how much of a role the pitch would play. Kolkata Knight Riders’ (KKR) Ajinkya Rahane and SRH’s Pat Cummins both smiled and hesitated when asked about the surface.

Cummins, admitting his lack of pitch-reading skills, called it a “good surface,” while Rahane couldn’t hide his excitement, believing that it would favor his spinners. The truth? It was a slowish track that ultimately played right into the hands of KKR’s fast bowlers before the spinners even had to roll their arms over.

SRH’s Worst Nightmare: A Catastrophic Start

Batting second, SRH’s “see ball, hit ball” philosophy fell apart in stunning fashion. Within the first three overs, they were reduced to 9 for 3, their worst-ever start since adopting this high-risk approach. A middle-order effort tried to rebuild, but the target of 201 was always out of reach. By the time Heinrich Klaasen injected some hope in the 14th over, the game had already slipped beyond SRH’s grasp.

Eventually, they crumbled for 120, a stark contrast to the team that had once threatened to rewrite T20 batting records. The aggressive batting strategy had hit its lowest point, and in the process, another major flaw was brutally exposed—their fragile bowling attack.

Bowling Under the Scanner: Old Wounds Reopen

It wasn’t just SRH’s batting that failed them. The writing was already on the wall during KKR’s innings when SRH’s bowlers allowed 78 runs in the last five overs, surrendering control at a crucial stage. James Franklin, the team’s bowling coach, acknowledged the lack of execution at the death, admitting that they let KKR reach a total that was out of their grasp even before the chase began.

“65 [66] off the last four overs probably reflects that we didn’t get it quite right,” Franklin conceded. “At the halfway stage, KKR were 84 for 2. If we had executed better in the last 10 overs, we could have kept them to 170-180.”

Unfortunately, this isn’t an isolated issue—it’s a pattern. Last season, SRH had the second-worst economy rate (after Delhi Capitals) and the worst bowling average among all teams. This year, the numbers are even grimmer:

  • Worst economy rate so far in IPL 2024 (10.83)
  • 19 wickets in four matches (lowest among all teams)
  • 41.15 bowling average, only slightly better than Rajasthan Royals (46.69)

On a pitch where deliveries were gripping and slowing down, SRH’s pacers failed to capitalize. Their lengths were too full, their variations predictable, and their execution completely off. KKR’s Venkatesh Iyer took full advantage, thrashing the bowling at the death and ensuring that his team had a total well beyond SRH’s reach.

The Price of Playing Fearless Cricket

SRH’s aggressive batting approach forces opposing teams into a similar high-intensity mindset. But when things go wrong for SRH’s batters, their bowlers are left with no margin for error. The cracks in their bowling were always there—only now, they are becoming impossible to ignore.

Franklin, however, remains hopeful. “There’s obviously some frustration within the group, but it’s still early days in the IPL, and we have a lot of quality players who can turn it around,” he said.

With each passing game, one thing is becoming clear: If SRH insists on sticking to their ultra-aggressive batting mantra, their bowlers must find a way to step up—or risk more nights like this.

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A new trade storm is brewing, and at its center is former US President Donald Trump’s latest round of tariffs. Set to take effect on April 2—dubbed “Liberation Day”—these new trade restrictions target nations that, according to Trump, have long imposed unfair barriers on American goods. The move is poised to shake up global trade, with a select group of countries—now infamously labeled the “Dirty 15”—bearing the brunt of the new policies.

What’s Behind the Tariff Surge?

Trump has long criticized international trade agreements, arguing that existing rules disproportionately favor foreign economies at the expense of American industries. His administration claims that many US trading partners impose steep tariffs, rigid trade policies, and unfair restrictions on American exports. This latest tariff announcement is a direct response to those concerns, aiming to counteract the perceived imbalance.

The plan? To impose heavier duties on nations with high tariffs on US goods, particularly those that contribute significantly to America’s trade deficit.

Who’s on the ‘Dirty 15’ List?

US Treasury Secretary Scott Bessent recently revealed that a group of countries, which make up roughly 15% of US trading partners, have been identified as major contributors to America’s trade imbalance. While the official list remains undisclosed, the US Commerce Department’s 2024 trade deficit report gives a clear picture of which nations could be in the crosshairs:

  • China
  • European Union
  • Mexico
  • Vietnam
  • Ireland
  • Germany
  • Taiwan
  • Japan
  • South Korea
  • Canada
  • India
  • Thailand
  • Italy
  • Switzerland
  • Malaysia

These countries have some of the highest trade surpluses with the US, making them primary targets for tariff hikes. However, the impact may not stop there.

More Than Just the ‘Dirty 15’?

Beyond this core group, the Office of the US Trade Representative (USTR) has flagged 21 countries for allegedly engaging in unfair trade practices. This extended list includes key economic players such as Brazil, the UK, Australia, Russia, and Saudi Arabia, alongside many already on the Dirty 15 roster. With Trump’s recent rhetoric, it’s becoming increasingly likely that his tariff measures will expand beyond the initial targets.

What Will These Tariffs Look Like?

While the exact tariff rates remain under wraps, past policies provide strong clues as to what’s coming. The new measures could include:

✅ Sector-Specific Duties – Industries like pharmaceuticals and semiconductors could face targeted tariffs.
✅ Automobile Tariffs – Higher duties on foreign cars and spare parts are expected to kick in on April 4.
✅ Manufactured Goods Restrictions – Countries with large trade surpluses may see increased barriers on manufactured exports.

Trump has previously imposed sweeping tariffs on steel and aluminum, as well as targeted levies on Chinese goods. If history is any indication, this latest round of restrictions will be aggressive and far-reaching.

What’s at Stake?

For the US, Trump’s tariffs could be positioned as a protective shield for domestic manufacturers. However, global economic repercussions are inevitable. Countries on the Dirty 15 list may retaliate with counter-tariffs, triggering trade wars that could ripple through supply chains and consumer markets. Prices for imported goods may surge, industries reliant on foreign materials may feel the squeeze, and diplomatic tensions could escalate.

As the April 2 deadline approaches, all eyes are on Washington. Will these tariffs deliver the economic advantage Trump promises, or will they ignite a trade conflict that disrupts global commerce? One thing is clear—international markets are bracing for impact.

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