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Financial & Morning Markets Update- 03 Apr 25
It’s all Trump hitting the World with Tariffs!!
36% on Chinese Goods
26% on Indian Goods
20% on European Union goods
25% on South Korean Products
24% on Japanese items
32% on Taiwanese items
46% on Vietnam
30% on South Africa
37% on Bangladesh
49% on Cambodia
Here we see the phase 1 of World Trade War getting Triggered!!!
US markets takes a Heavy Hit, with Nasdaq down 4.5%, S&P down by 3.6% and Dow Jones down by 2.5%
Steel, Copper, Energy and certain other mineral are exempt from New US Tariff
Tariff Impact on India
A 25% tariff on India could knock $31 billion from India’s GDP, which amounts to 0.73% of its projected $4.3 Trillion Economy by end of 2025
Key sectors which will be hit….
Pharma
Medical devices
IT
Jewellery
Textiles
Refined Petroleum
Markets Today
A massive gap down start likely today, where Nifty may open around 250- 300 points down at around 23000-23100 levels…and have heavy chances to slip just below 23000 and then likely recover from there!!! Sensex may slip into 75000 levels….
A red bloodbath in morning can be seen in Indian Markets!
Silver lining amidst this fall….is definitely there!!
Maximum stocks will be available today at discounted price today morning to BUY. And this opportunity may give u final chance before market recovers further.
A strong recovery could be seen in markets after this fall!!!
Asian Markets are bleeding Red.. As Japense markets are down 2.8%, Hang seng index down by 1.16%, South Korea Kospi index is down by 1.29%, Australia market down by 1.17%
Other Finance News
Karnataka High court orders bike taxi services of Uber, Ola and Rapido to suspend operations within six weeks
34 out of 74 Companies have seen their gains wiped out. They are now trading below their issue price.
RBI will infuse ₹80,000 cr in economy by purchasing govt securities.
India Manufacturing PMI rose to 58.1 in March vs 56.3 in Feb
Bank have started reducing the Deposit rates in anticipation of upcoming rate cut by RBI. HDFC Bank, Yes Bank and Bajaj Finserv have cut deposit rates by 0.25-0.4% point. Bandhan Bank slashes savings interest rate by half
NHAI has surpassed it’s construction target for FY 24-25 building 5614 km against a target of 5150 km.
Maruti is raising it’s car prices by upto Rs 62000 wef 08 Apr. Rate cuts on various models are…….
Fronx – Rs 2000
Dzire- Rs 3000
Ertiga/XL6- Rs 12500
Wagon R- Rs 14000
Grand Vitara – Rs 62000
Dept of Telecommunications has allocated 5G spectrum worth Rs 61000 cr to BSNL.
BSNL is all set to launch its first 5G service starting from Delhi.
Government is all set to lower import EV tariff defying Auto industry lobby to delay same by 4 yrs.
STOCK NEWS
BEL signed Rs 593 cr contract with Indian Air force for maint of Akash Missile System
Kirloskar oil bags order worth Rs 270 cr from MoD.
Coal India hikes Rs 10 per tonne for both coking & non coking coal
Mahindra lifespace secures two housing redevelopment projects in Mumbai for Rs 1200 cr.
Gold/Silver
Gold got another boost as Trump announced the new Tariffs.. Gold is now trading $ 3170 per ounce in International markets.. Making new highs…
India gold rates are presently flat at 94000 levels.
Silver was trading little lower at 104900 levels
Heartbreaks are assured as market opens with Deep red color… But Hearts can bloom for those looking for new BUYs. All those sitting with cash and Tax Harvesting money can go for Buying today. Analyst, believe a quick recovery too to this fall this week !!
So use the opportunity to ur favour and take long term position in good stocks.. Especially Large Caps and few good Mid caps…
Risking in Small caps… Be avoided!!
Happy Investing!!
Disclaimer: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
