Many important factors can be seen on the stock market. Negotiations on Indo-US Trade Agreement, announced 35% tariff on Canada by Donald Trump, TCS’s first quarter results, institutional investment trends, primary market moves and global signals may have mixed effects on Sensex and Nifty’s move. The gift Nifty Futures were seen trading at 25,285 at 7:05 am at 25,285, indicating the weak start of the stock market.
Global market status
A mixed trend was seen in the Asia-Pacific markets today. The main reason for this is the announcement of US President Donald Trump in which he has said to impose 35% tariffs on the goods coming from Canada since August 1. Trump also said that he is planning to impose a lump sum of 15-20% on most trading partners. He has dismissed concerns about inflation and its impact on the stock market.
In the Asian markets, Nikkei gained 0.21% increase, while the topics index recorded a 0.71%. Kospi recorded a nominal 0.013% and Australia’s ASX 200 index was 0.064% below.
Meanwhile, on Thursday, the US stock markets also witnessed strength. The S&P 500 index rose 0.27% to a record level of 6,280.46. Nasdaq composite also reached a new height for the second consecutive day and closed 0.09% to close at 20,630.67. Dow Jones Industrial Average rose 192.34 points or 0.43% to close at 44,650.64.
