Market is expected to open on a gap down note and likely to witness sideways move during the day - Nirmal Bang Ltd
Market Review
US:
The stock markets in the United States dropped to a sixmonth low on Monday, March 31, as Wall Street opened lower over fears looming about the upcoming tariffs from the Donald Trump administration on April 2.
Asia:
Asia-Pacific markets climbed Tuesday, after two key Wall Street benchmarks rose as investor’s awaited clarity on U.S. President Donald Trump’s tariff rollout.
India:
The Indian markets were closed on Monday on the occasion of Eid al-Fitr. Market is expected to open on a gap down note and likely to witness sideways move during the day.
Global Economy:
Chinese manufacturing activity grew more than expected to a four-month high in March due to a sustained rise in new orders, private Purchasing Managers Index data showed on Tuesday. Stronger demand and new product launches helped boost new business inflows. Foreign demand also picked up, with companies reporting the fastest increase in export orders in nearly a year, the PMI survey stated.
German headline inflation has continued to slow down, and this is likely to pave the way for further interest rate cuts by the European Central Bank. German inflation fell more than expected in March, easing to 2.3%, below the 2.4% expected, after a YoY increase in consumer prices of 2.6% in February, based on data harmonized to compare with other European Union countries.
Commodities:
Oil prices dipped slightly on Tuesday as worries about the impact of a trade war on global growth outweighed concerns about a hit to supply from threats by U.S. President Donald Trump to impose secondary tariffs on Russian crude and bomb Iran.
Gold rose to a fresh record high on Tuesday, marking the fourth consecutive session of record gains, as investors flocked to the safe-haven asset ahead of President Donald Trump’s tariff rollout that has heightened fears of a global trade war.
Currency:
The dollar was steady on Tuesday after a bruising quarter as investors braced for reciprocal tariffs from U.S. President Donald Trump this week, while the Australian dollar hovered near a four-week low ahead of the central bank's policy decision.
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Market is expected to open on a flattish note and likely to witness range bound move during ...
