Indian Stock Market: 8 Key Things That Changed for Market Overnight – Gift Nifty to Trump Tariffs to Tech Stocks Sell-Off
Asian Markets Decline: A Gloomy Start to the Day
India’s equity market benchmark indices, Sensex and Nifty 50, are expected to open on a tepid note on Tuesday, following losses in global markets. Asian markets declined, and the US stock market ended mostly lower overnight, weighed down by technology stocks.
Global Markets in Focus: A Look at Trump Tariffs and Tech Stocks
The Sensex cracked 856.65 points, or 1.14%, to end at 74,454.41, while the Nifty 50 settled 242.55 points, or 1.06%, lower at 22,553.35. "After consolidating for the last few trading sessions, Nifty resumed its downward trajectory, breaking below the key support level of 22,800. Investor sentiments are dampened amid weak global cues, and we expect the market to remain subdued over the next few days," said Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd.
Trump Tariffs: More Pressure on Global Markets
US President Donald Trump said that his tariffs on Canada and Mexico are starting next month, ending a month-long suspension on the planned import taxes. "We’re on track with the tariffs, and it seems like that’s moving along very rapidly," Trump said at a White House news conference. This development is likely to cast a shadow over global markets, including India’s equities market.
Tech Stocks Sell-Off: A Global Phenomenon
The US stock market ended mostly lower, with the S&P 500 and Nasdaq closing lower for the third straight session, weighed down by selling in technology stocks. The Dow Jones Industrial Average rose 33.19 points, or 0.08%, to 43,461.21, while the S&P 500 declined 29.88 points, or 0.50%, to 5,983.25. The Nasdaq ended 237.08 points, or 1.21%, lower at 19,286.93. Notable losers included Nvidia, Broadcom, Amazon, Microsoft, and Apple, while Palantir Technologies saw a staggering 10.5% decline.
Dollar Slips, Euro Rises: A Look at Global Currencies
The dollar index, which measures the greenback against a basket of currencies, slipped 0.07% to 106.57, after dipping to 106.12, its lowest since December 10. It’s down more than 3% from a more than two-year high hit in January. The euro was up 0.19% at $1.0478, after reaching a one-month high of $1.0528.
Oil Prices Rise: Iran Sanctions and Global Demand
Crude oil prices traded higher after fresh US sanctions on Iran. Brent crude oil rose 0.04% to $74.81 a barrel, while the US West Texas Intermediate (WTI) crude futures gained 0.20% to $70.84.
Gold Prices Hit a Record High: A Haven in Uncertain Times
Gold prices surged to a record high on Monday, driven by safe-haven demand. Spot gold rose 0.4% to $2,947.48 an ounce. It hit $2,956.15 earlier in the session – its eleventh record high in 2025. US gold futures settled 0.3% higher at $2,963.20.
Conclusion: A Gloomy Picture
The Indian stock market is expected to remain subdued in the short term, driven by global cues and Trump tariffs. With tech stocks continuing to decline, investors are advised to exercise caution and consider a diversification strategy to minimize losses. As Siddhartha Khemka, Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd, said, "After consolidating for the last few trading sessions, Nifty resumed its downward trajectory, breaking below the key support level of 22,800. Investor sentiments are dampened amid weak global cues, and we expect the market to remain subdued over the next few days."
Best Stocks to Buy or Sell on Tuesday
For a list of recommended stocks to buy or sell, please refer to the following article: [Link to article]
Disclaimer:
The views and recommendations made above are those of individual analysts or broking companies, and not of Business Standard. We advise investors to check with certified experts before making any investment decisions.
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