Indian Stock Market: 7 Major Weekend Developments – Gift Nifty, Trump's Tariff Warning, and Gold Price Impact

Indian stock market today: The benchmark equity for the domestic market indexes, Sensex and Nifty 50 are expected to trade with a higher price on Monday prolonging the gains that began last week, despite the mixed market indicators from around the world.

Here are the most important US Stock market signals for Sensex this morning:

Asian Markets

Japan's Nikkei 225 index gained 0.28 percent while Topix gained 0.13 percent, while South Korea's Kospi fell 0.36 percent and Nasdaq decreased by 0.05 percent. The Hong the Hong Kong's Hang Seng index futures indicated an opening lower.

Gift Nifty Today

Gift Nifty was trading around 23,500, which is a difference of more than 120 points over the previous closing price, signalling that there was a gap-up in the Indian indexes in the market for stocks.

Wall Street

US stocks ended up on Friday following US president Donald Trump's remarks offered hope that the previously announced tariffs that are expected to start in April might not be as heavy as some had feared.

Trump's Reciprocal Tariffs

Donald Trump's upcoming "reciprocal tariffs" expected April 2 are expected to be more targeted than the barrage he's frequently threatened to do, Bloomberg reported, quoting sources. Certain countries will be exempt from the tariffs, and current tax levy on steel and metals could not be a cumulative tax, the report noted.

Japan PMI

Japan's manufacturing activity slowed to the fastest rate during the year in March. Meanwhile, services also suffered. According to the au Jibun Bank Japan flash manufacturing purchasing manager's index (PMI) dropped down to 48.3 during March.

Gold Prices

Prices for gold were higher on fears over the possibility of reciprocal tariffs and the prospect for interest rate cuts from the US Federal Reserve this year helped to boost bullion's appeal as a safe-haven investment.

Spot gold increased 0.1 percent up to $3,025.12 an ounce. Meanwhile, gold futures in the US gold futures climbed 0.3 percent to $3,030.70.