4 results tagged #tariffs in Market Sandhya
Themorningbriefcorrectlyanticipatedapositiveopening,drivenbyGIFTNiftyfutureswhichpointed to a start around 24,813. The Nifty 50 indeed opened higher and touched a high of 24,791.
Our morning brief anticipated a "soft/flat start" with GIFT Nifty around 24,900 levels, but markets delivered a sharper decline than projected.
Real GDP +7.8% y/y (five-quarter high). Official release: MoSPI/PIB at 16:00 IST today; several media wraps concur.
Today's themes centered on the impact of 50% US tariffs on Indian exports and monthly Nifty expiry dynamics. At close, markets aligned with our expectations of broad-based selling pressure, particularly in export-sensitive sectors.