Trump On Tariffs On India

  • Other countries have used tariffs against us for decades and now it is our turn to start using them against those other countries.

  • On average, the European Union, China, Brazil, India and countless other nations charge us tremendously higher tariffs than we charge them. It is very unfair.

  • India charges us tariffs, 100 per cent. The system is not fair to the US, it never was

  • On April 2, reciprocal tariffs kick in and whatever they tariff us, other countries, we will tariff them. Whatever they tax us, we will tax them

  • If they do non-monetary tariff to keep us out of their market, then we will do non-monetary barriers to keep them out of our market

Stock Market Live Update: Nifty, Sensex Trade Mixed Pre-Open Amid Trade War Concerns

At pre-open, the NSE Nifty 50 was trading 9.60 points or 0.04% lower at 22,073.05. The BSE Sensex was 0.03% higher at 73,005.37.

Rupee Vs Dollar Today: Indian Currency Strengthens To 87.24

Rupee opened 3 paise higher at 87.24 against the US Dollar. It closed at 87.27 on Tuesday.

Source: Bloomberg

The dollar index is 0.18% higher at 105.74. Brent crude is down 0.38% to $70.77.

Mahindra & Mahindra Financial: What Brokerages Say

JPMorgan has upgraded coverage on Mahindra & Mahindra Financial Services Ltd. with an ‘overweight’ rating from the earlier ‘underweight’. It has also hiked its target price to Rs 320 from Rs 235.

The brokerage highlighted the potential for positive rural momentum in 2025, which is expected to benefit MMFS.

Read full story here.

Nifty Today: What F&O Cues Indicate

  • Nifty March Futures down by 0.34% at a premium of 108,4 points.

  • Nifty March futures open interest up by 1.39%.

  • Nifty Options March 6 Expiry: Maximum Call open interest at 23,000 and Maximum Put open interest at 20,800.

  • Securities In Ban Period: NIL.

Dollar Check

The US Dollar index is up 0.19% at 105.75.

  • Euro was up 0.20% at 0.9429.

  • Pound was up 0.18% at 0.7829.

  • Yen was down 0.08% at 149.85.

Stock Market News Live: Global Check

Stocks in the Asia Pacific region traded mixed early on Wednesday, on the tariff relief signal after President Donald Trump sparked a global selloff.

Japan’s Nikkei rose 0.04%, or 17 points to 37,347, while Australia’s S&P ASX 200 was down 1.03% at 8,113 as of 6:45 a.m. Stocks on Wall Street recovered after erasing all gains made this year as US Commerce Secretary Howard Lutnick signalled a tariff compromise with Canada and Mexico.

Canada and China responded to Trump with retaliatory measures after the US decided to proceed with levies against Canada and Mexico on Tuesday. Meanwhile, China’s commerce ministry “strongly” opposed the tariff measures and “hoped” that the US would handle issues objectively and rationally.

Future contracts in China pointed at a flat start and will remain in focus as the country maintains its economic growth goal at about 5% for 2025, — the third consecutive year — raising expectations for officials to unleash more stimulus. China also set this year’s fiscal deficit target at around 4% of gross domestic product, according to the report seen by Bloomberg.

Wall Street saw a volatile session but recovered its losses in late hours. The S&P 500 tumbled 1.22%, while the Nasdaq 100 fell 0.35%. The Dow Jones Industrial Average declined by 1.55% on Tuesday.

Stock Market News Live: GIFT Nifty Opens Lower Amid Trade War Fears

The GIFT Nifty was trading near 22,130.5 early on Wednesday. The futures contract based on the benchmark Nifty 50 fell 0.07% at 22,130.5 as of 7:38 a.m., indicating a negative start for the Indian markets.

The benchmark equity indices ended Tuesday’s session down, marking the longest losing streak in 29 years. The NSE Nifty 50 ended 36.65 points or 0.17% lower at 22,086.2, while the BSE Sensex fell 96.01 points or 0.13% to close at 72,989.9.

. Read more on Markets by NDTV Profit.GIFT Nifty fell 0.07% at 22,130.5 as of 7:38 a.m.  Read MoreMarkets, Business, Notifications 

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