The Indian stock markets are showing resilience as compared to Asian peers. However, it opens in negative on Friday, the second day following the announcement of new tariffs by U.S. President Donald Trump.
US President Donald Trump said, "The markets are going to boom. The stock is going to boom. The country is going to boom -- and the rest of the world wants to see if there is any way they can make a deal. They (Countries) have taken advantage of us for many, many years."
The Indian stock indices closed Thursday's session lower, weighed down by the heat of the US administration's reciprocal tariffs imposed on partner countries, including India.
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Indian stock markets opened in selling pressure on Thursday, following a global decline triggered by U.S. President Donald Trump's latest tariff announcement. Investors reacted negatively, leading to a sharp drop in key indices at market opening.
Asian stock markets faced a heavy sell-off on Thursday after US President Donald Trump announced reciprocal tariffs on multiple countries, including India. The move triggered a wave of uncertainty, leading to sharp declines across major indices in the region.
Indian textiles, engineering goods, electronics, and gems & jewellery sector exporters are expected to hit hardest by the tariffs announced by Donald Trump, said Ajay Bagga, a banking and international stocks expert, in an exclusive conversation with ANI.
US stocks tumbled in after-hours trading as President Donald Trump delivered remarks at the Rose Garden and unveiled sweeping tariffs, according to a report by CNN.
Pranjul Bhandari, Chief India Economist at HSBC, said, "India registered a 58.1 manufacturing PMI in March, up substantially from 56.3 during the previous month. Although international orders slightly slowed, overall demand momentum remained robust, and the new orders index recorded an eight
The Indian stock markets opened marginally higher on Wednesday, witnessing gains in the banking and IT sector stocks, as the market participants are eagerly waiting the US tariff scheduled to be announcements on April 2.