IGI Logo

Published on 11-04-2025 10:29 am

Global economy:

Donald Trump’s pause on some announced import taxes may have eased the stress building in financial markets for now, but leaves in place the same set of circumstances that had reset the U.S. economic outlook with rising recession risks and potentially rising inflation. Major tariffs on China, Mexico and Canada remain in place, accounting for the bulk of U.S. imports, and the public, investors and the U.S. Federal Reserve now have three more months of uncertainty around where a disruptive debate will settle. With the stage set for a downturn in confidence that Fed officials already worry is sidelining spending and investment.

China’s Commerce Minister Wang Wentao had discussions with his Saudi Arabian and South African counterparts to exchange views on responding to the U.S. reciprocal tariffs, the Chinese ministry said on Friday. The conversations took place over separate video calls on Thursday in which China discussed strengthening bilateral economic and trade cooperation with Saudi Arabia and South Africa. Wang also spoke to Saudi Arabia’s Commerce Minister Majid bin Abdullah al-Qasabi about enhancing cooperation with countries within the Gulf Cooperation Council

Click Here :- https://tinyurl.com/59dm2d7p

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspxSEBI Registration number is INH000001766

Published on 11-04-2025 10:28 am

India:

India's benchmark equity indices snapped its one day of advance to end in the red on Wednesday after the RBI's 25 basis points rate cut failed to enthuse investors reeling under Trump tariffs. Market is expected to open on a gap up and likely to witness sideways move during the day

Click Here :- https://tinyurl.com/59dm2d7p

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspxSEBI Registration number is INH000001766

Published on 11-04-2025 10:28 am

Asia:

Asian markets bore the brunt of the initial reaction, opening sharply lower on Friday. Japan's Nikkei 225 was down 5.38% at 32,746.49, while South Korea's KOSPI declined 1.97% to 2,397.

Click Here :- https://tinyurl.com/59dm2d7p

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspxSEBI Registration number is INH000001766

Published on 11-04-2025 10:27 am

Market Review

US:

U.S. stocks closed sharply lower on Thursday, wiping away some of the previous day's rally as investors digested President Donald Trump's decision to suspend some tariffs while escalating a trade war with China.

Click Here :- https://tinyurl.com/59dm2d7p

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspxSEBI Registration number is INH000001766

Published on 11-04-2025 10:17 am

BANK NIFTY

* The banking index turned sideways after witnessing fluctuations in the early hours and settled with half a percent loss.

* While a subdue activity was seen among the private banking majors, PSU bank stocks took a plunge wherein SBIN, Bankbaroda lost the most.

* The index is currently trading near its key moving averages, and sustenance above the same would be crucial to prevent the downside.

* On the level front, 49900-49150 will continue to act as supports and 50600-50800 as resistance zone.

Click Here :-  https://tinyurl.com/3d6wzyxt

Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330