The impact of the international market is also being seen on the Indian market. The Sensex and Nifty are open with a huge decline. The Sensex is seeing a decline of 360 points, while the Nifty has declined by 120 points. The same condition of bank Nifty is the same, it is trading down 230 points. Talking about the price of gold, Gold is trading at 86,028 with a decline of Rs 85 on MCX.
Former US President Donald Trump has once again given air to the fire of trade war. They have said that they will impose 25% tariffs on imports of cars, chips and pharmaceuticals. The final decision in this regard may come on 2 April. After this statement, there has been a stir in the global markets. Ever since Trump is sitting on the throne of America, the Indian market has declined.
The US stock market was seen to have a huge ups and downs amid Trump’s statement. The S&P 500 index closed at its all -time high level due to purchases in the last hour. Dow Jones recovering from the initial decline and climbed 250 points and finally recorded a marginal lead of 10 points. Nasdaq retained his strength for the fourth consecutive day and closed with a gain of 14 points.
Light bounce in gold and silver
There was also a tremendous movement in the commodity market. Gold jumped at $ 40 to $ 2950 an ounce, while silver rose by 2% to 33 an ounce. In the Indian market, gold closed at Rs 86,100 per 10 grams, making a big jump of Rs 1000. At the same time, silver rose by Rs 1300 to Rs 96,900 per kg. The price of crude oil remained around $ 76 per barrel with a slight increase.
Today’s listing of Hexaware Technologies
Today, shares of hexaware technologies are going to be listed in the stock market. The issue price has been fixed at Rs 708. Investors are keeping an eye on it and it will be interesting to see whether it is listed on premium or not.
USFDA action on pharma companies
The US FDA has taken strict action against two Indian pharma companies. Five objections have been released to the Andhra Pradesh unit of Aurobindo Pharma, while the Navi Mumbai plant in Piramal Pharma has received six objections. This can put pressure on the shares of both companies.
New rules for mutual funds
Indian market regulator SEBI has issued new rules for mutual fund companies (AMCs). It will now be necessary to disclose the stress test of mutual funds. Apart from this, it will be mandatory to invest the amount raised from the NFO (New Fund offer) within the stipulated time limit. These rules will be applicable from 1 April 2025.
Strict steps to stop demat fraud, new proposal of SEBI
Due to the impact of Zee Business’s sting operation ‘Demat Daca’, SEBI has decided to take new steps to stop demat fraud. Under the new rules, login and trading will now be possible only after verification of unique codes, devices and SIMs. SEBI is planning to start it as a pilot project with customers of 10 big brokers.
Important cabinet meeting
The government is going to hold an important cabinet meeting at 10:30 am today. Many important economic and policy decisions can be taken in this. Investors and businessmen are monitoring the announcements related to this meeting.
Settling vacation in money market
Today, on the occasion of Chhatrapati Shivaji Maharaj Jayanti, the Indian currency market will be closed, which will affect foreign currency and bond disposal. However, normal operations will continue in other markets. The impact of all these developments can be seen today on the Indian stock market and global markets.
