Indian equities continued to face losses on Tuesday amidst rising global trade tensions, particularly with the looming threat of fresh US tariffs on Indian goods. Analysts believe that a potential delay in the implementation of these tariffs could provide a temporary boost to market sentiment. Additionally, the Indian rupee saw a slight increase of 16 paise, reaching 87.53 against the US dollar in early trading. The market opened on a weak note on Thursday, witnessing a significant drop of over 500 points in the Sensex at the start of the trading day. This session is being closely monitored as it is the first one since the new US tariffs took effect, with all eyes on how the benchmark indices will react.
In the previous session, US stocks hit record highs ahead of Nvidia Corp.’s quarterly earnings report. The S&P 500 registered a 0.2% gain, marking its third positive performance in nine sessions. Similarly, the Nasdaq 100 also increased by 0.2%, while the Dow Jones Industrial Average saw a rise of 0.3%. Turning to the Asian market, equities displayed a mixed trend on Thursday. Japanese and South Korean indices experienced gains, while futures for Hong Kong and Chinese stocks weakened following Meituan’s cautionary statement, which resulted in a sharp decline in a US-listed Chinese companies index, marking its worst performance in two months.
Specifically, the Nikkei rose by 0.2%, the S&P/ASX 200 remained flat, the Kospi increased by 0.3%, and Hang Seng futures dropped by 2%. In terms of commodities, oil prices decreased as attention shifted from US pressure on India to reduce Russian crude oil purchases. The sentiment across markets turned risk-off, with Brent crude falling below $68 per barrel and WTI hovering close to $64. Stay updated with the latest market news from Times Now.
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