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Asia

Asia-Pacific markets mostly advanced on Friday, following Wall Street's overnight gains after President Donald Trump signed reciprocal tariff plans but delayed their immediate implementation. Gift Nifty suggests a positive opening for Indian markets

US & Europe

U.S. markets climbed on Thursday following the release of new inflation data and updates on U.S. tariff plans, which seemed to alleviate some worries about inflationary pressures and global trade tensions. Stocks advanced on Thursday as fresh inflation data and tariff plan updates appeared to ease concerns regarding inflationary pressures and global trade tensions

Commodities

Oil prices ended Thursday unchanged, recovering from earlier losses of over 1% after the announcement of U.S. tariffs was postponed until at least April. This delay sparked optimism that a trade war, which could strain economies and reduce energy demand, might be avoided. Gold prices increased on Thursday as U.S. President Donald Trump revealed plans to impose reciprocal tariffs on countries that tax U.S. imports, intensifying global trade worries.

* Events today: Fed Balance sheet, India WPI/ FX reserves/ Passenger vehicle sales/ trade balance, UK industrial production, EA GDP growth/ employment change, US retail sales/ Industrial production.

* Earnings today: Glenmark Pharmaceuticals, Aditya Birla Fashion and Retail, Dilip Buildcon, Dr Agarwals Eye Hospital, Easy Trip Planners, Glaxosmithkline Pharmaceuticals.

* Exchange debut: Readymix Construction Machinery, Solarium Green Energy.

* Ex-date: Alkem Laboratories, Bharat Dynamics, Banco Products, BEML, Cummins India, Engineers India, Escorts Kubota (Dividend), TARIL (Bonus)

* TCS has signed an agreement with UPM to drive the end-to-end IT transformation of UPM.

Nifty Outlook

The swing higher yesterday turned lower on test of 23220 on anticipated lines, but our key support of 23000 diffused the downside momentum in the second half, just as it did in the first half as well. This encourages us to persist with the upside target of 23430. Alternatively, inability to push above 23220 or inability to float above 23000 could deflate the upside momentum, but we will wait for slippage past 22800 again to rechart course.

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