Indian Stock Market: 8 Key Developments Overnight – From Gift Nifty to US Job Openings and Trump's Tariffs
Gift Nifty traded at around 23,312 levels, which is a discount by nearly 9 points compared to the previous Nifty close. This indicates a flat opening for Indian stock markets.
Stock Market Today: Following mixed signals from global markets, the domestic equity market benchmark indices Sensex and Nifty 50 are expected to start on a flat tone on Wednesday.
The Indian stock market was mixed overnight while the US market closed mostly higher, in anticipation of the US announcements on reciprocal tariffs.
Here are the key global market signals for Sensex today.
Asian Markets
The Asian markets were mixed on Wednesday, following a similar trend seen on Wall Street ahead of US President Donald Trump introducing new Nikkei later this week.
Gift Nifty Today
Gift Nifty traded at around 23,312 levels, which is a discount by nearly 9 points compared to the previous Nifty close. This indicates a flat opening for Indian stock markets.
Wall Street
The US stock market closed Tuesday's volatile session with a mixed result ahead of impending tariff announcements by the Trump administration.
Tesla
Tesla's share price rose 3.6%, as did Magnificent Seven stocks, including Amazon.com and Microsoft, and Meta Platforms. These stocks rose between 1% to 1.8%. Johnson & Johnson shares declined 7.6%. Delta Air Lines and American Airlines both dropped between 2.4% to 5.9%.
Trump Tariffs
Reuters reported that the White House confirmed President Donald Trump's intention to impose new trade barriers on Wednesday. However, it did not provide any details regarding the size or scope of these trade barriers.
US Manufacturing Production PMI
US manufacturing contracted in march after two months of growth. A measure of inflation in the factory gate rose to its highest level in almost three years. The Institute for Supply Management's (ISM) manufacturing PMI fell to 49.0 from 50.3 last month.
Gold prices today
As investors prepared for the announcement of US reciprocal tariffs, gold prices rose. Gold prices rose by 0.3%, to $3120.64 per ounce. They had previously reached an all-time record of $3148.88.
