Indian stock markets are expected to open as fresh U.S. tariff announcements curb sentiment ahead of key economic data and company revenues.
Global trade tensions escalate
The U.S. plans to impose a 10% base and up to 15% or higher tariffs on countries with trade surpluses by midnight on August 7.
Canada faces a 35% tariff, while Mexico’s tariff implementation has been delayed by 90 days.
This is a 25% tariff on Indian goods, and a threat to further penalties for India’s ties with Russia – a move that India remains firmly opposed, choosing negotiations over retaliation.
Analysts believe that as negotiations continue, the final tariffs may reach a settlement at a lower rate (15-20%).
Thin emotions spill into trade
Gift beautiful futures fell 0.6%, marking a soft opening of the Indian index.
The market fell nearly 1% at the Open on Thursday, but most losses reviewed most losses, but volatility is likely to recover early.
Asian market continues to slideshow
The MSCI Asia Pacific Index released its longest winning streak in a year, down 0.55%, led by South Korea’s Kospi, which plummeted more than 2.5%.
Asian currencies will continue to pay attention on Friday, especially in the ripple effect of escalating U.S. trade policy.
The end of Wall Street
In overnight trading, the S&P 500 fell 0.37% while the Nasdaq was slightly 0.03%, including Microsoft’s briefly surpassing its $4 trillion market cap.
Family Tips for Watching
Economic updates due today include S&P Global – HSBC India PMI July, car sales data and weekly foreign exchange reserve data.
The company’s results in the first quarter will be provided from companies such as Swiggy, City Union Bank, Eicher Motors, Mankind Pharma, JSW Energy, PB Fintech, etc.
Leading companies that announced their results include ITC, MCX, Adani Power, UPL and Tata Power.
IPO angle
Mainboard IPOs such as SRI Lotus Developers & Realty, M&B Engineering and National Securities Deposit Officers will end today.
In the SME segment, six questions remain open and three are ready to end at the end of the day.
