Markets expected to open on a flattish note and likely to witness sideways move during the day - Nirmal Bang Ltd
Market Review
US:
US markets ended higher on Tuesday, lifted by a rally in Tesla as investors bet on positive results from U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year.
Asia:
Asia-Pacific markets mostly climbed Wednesday as investors continue to track trade discussions between the U.S. and China, which U.S. Commerce Secretary Howard Lutnick described as being “productive.”
India:
Indian stock market benchmark, the Sensex, snapped its four-day winning streak on Tuesday on profit booking amid mixed global cues. Markets expected to open on a flattish note and likely to witness sideways move during the day.
Global Economy:
The global economy is projected to slow sharply this year as President Trump’s trade policy disrupts international commerce and increases economic uncertainty, the World Bank said on Tuesday in a report that underscores the toll of America’s trade war. Despite the weakening outlook, the global economy is not expected to fall into a recession. However, the trade tension is setting the stage for the weakest decade of growth since the 1960s. Economic development in many of the poorest parts of the world has come to a standstill. Due to a substantial rise in trade barriers and uncertain global policy environment, the World Bank has lowered the global growth to 2.3 % in 2025 against 2.7 % projected in January. India’s growth too has been revised down to 6.3 % against 6.7 % estimated earlier. Global growth is slowing due to a substantial rise in trade barriers and the pervasive effects of an uncertain global policy environment. Growth is expected to weaken to 2.3 % in 2025 against 2.8 % last year, with deceleration in most economies. This would mark the slowest rate of global growth since 2008, aside from outright global recessions. The growth rate for 2026 too has been lowered to 2.4 % against 2.7 % projected in Jan.
Commodities:
Oil fell for a second day, as traders digested a welter of headlines on US trade policy, including an appeal court ruling that US President Trump can continue to enforce his global tariffs for now. Gold prices declined in the domestic futures market on Tuesday morning amid growing optimism about a potential US-China trade deal.
Currency:
The U.S. dollar was little changed to marginally lower consolidating recent gains, as talks between Beijing and Washington continued for a second day amid expectations of a trade deal that could further ease trade tensions.
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Market is expected to open on a flattish note and likely to witness range bound move during ...
