Market today: India has not shown any much impact on the market of 25 percent of the additional tariffs. The Nifty seems to be close to 24500 with a mild weakness of 90 points. Bank Nifty is also about 200 points below. At the same time, flat business is being done in midcap-multicap. PM Modi’s big statement has come after Trump Tariff. It states that the interests of farmers will not be compromised. The interest of farmers and cattle ranchers is the best for the government. These decisions will have to pay a personal price. PM said these things Said at Swaminathan’s birth centenary ceremony.
Today pharma and FMCG stocks are seeing light purchases. Lupine has become the top gainer of futures with a 4 per cent jump. Britannia also has a three percent rise. At the same time, there is mild weakness in PSUS, Capital Goods and metal stocks.
After the results, Hero Moto is visible in the top gear. This stock has become about 1.5 per cent to become the top gainer of the Nifty. Also, on the basis of good results, the train has come to the Trent from the lower levels. At the same time, Fortis is also trading 3 % of the strength. But after the first quarter results, Jindal Stainless and BHEL are among the top losques of futures.
There has been a big deal of more than 7200 crores in Eternal. There are reports of selling two percent parts from Alibaba Group’s Entfin Singapore. At the same time, a deal of Rs 2100 crore has been done in Kotak Mahindra Bank.
Gi Vijaykumar K VK Vijaykumar Said that 25 percent additional American gives 21 days before the US tariff is implemented and gives India a chance to interact and a possible agreement. However, there is uncertainty on this issue. It is not clear to what extent the two sides are willing to compromise. Encouraged by recent successes with other partners such as the European Union, President Trump is unlikely to withdraw from his strict and possibly unfair stance.
He further said, “The challenge for India is much bigger, as America’s pan is heavy in the conversation. So far, India’s reaction has been napi-renewed and practical. Although there is no possibility of immediate nervousness in the market, the market sentiment is expected to be weak in the near future between growing trade tension.”
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