Wall Street Decline and US Tariff Concerns May Impact Dalal Street
Global stocks plummet as US tariff concerns engulf markets across the globe and send markets like the S&P 500 down 5.1 percent in the year--the lowest 1st quarter in 2022. Nasdaq 100 futures dropped 1.4 percent and Nvidia, Palantir, and Tesla falling more than 3percent in premarket trading. Global markets were impacted by the market's volatility in Japan, with the Nikkei 225 plunging 4% and Taiwan's stock index undergoing into a correction.
Wall Street Decline and US Tariff Concerns May Impact Dalal Street

The US markets slid into negative territory on Monday because of the uncertainties around US tariffs. This could cause Dalal Street traders nervous as Indian markets begin the start of the new week on Tuesday, following the holiday on Monday.
Additionally, foreign fund trading, anticipations about the the next meeting of the RBI policy meeting and the release of quarterly data by corporations will also affect trading during the week ahead Market participants have claimed. On Friday it was reported that the Dow Jones index had closed 1.7 percent lower, while the tech-focused Nasdaq dropped 2.7 percent. On Monday morning, in early trading Nasdaq was also down 1.8 percent, as the Dow Jones was down 0.3 0.3%.
If the major US indexes close in red, it could affect the mood of investors in the local trading on Tuesday. The investors on Dalal Street would need to take into account the effect of two trading sessions that are sluggish within the Wall Street.
Since the end of February, US equities have lost approximately $5 trillion in value. Companies such as Nvidia Corp., Palantir Technologies Inc. as well as Tesla Inc. saw premarket losses that exceeded three percent. Goldman Sachs strategist David Kostin has already reduced his goal for the year's end of the S&P 500 index to 5,700 instead of 6,200, due to the growing concerns about the risk of recession resulting from uncertainties about tariffs.