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Home > Stock Market Updates > Opening Bell - 04 / 03 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 04 / 03 / 25
Category: Business
Duration: 00:02:07
Publish Date: 2025-03-04 03:17:36
Description:

Opening Bell - Morning Commentary


Stocks tumble after Trump announces tariffs


President Donald Trump confirmed on Monday that tariffs on Mexico and Canada will proceed as planned, with all imported products from these nations facing a 25% duty starting Tuesday. With negotiations reaching a deadlock, both countries have exhausted their options to strike a deal. Additionally, Trump announced an extra 10% tariff on Chinese imports, raising the total duty to 20%. US markets had a big selloff, with the Dow swinging from being up +300 points at the open to falling as much as -1,100 points in hours. Most sectors were down, with technology and energy stocks posting the most significant declines.


In significant geo-political developments, U.S. President Donald Trump has paused all military aid to Ukraine following his clash with Ukrainian President Volodymyr Zelenskiy last week.


The OPEC+ cartel's eight members, who are subject to voluntary extra output cuts, will start increasing production in April, planning to add 2.2 million barrels a day over the next 18 months.


Asia markets opened lower today, tracking Wall Street's declines overnight. U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. China is reportedly considering countermeasures to U.S. tariffs. Defense stocks led Europe following meetings among leaders in the region to discuss bolstering military spending.


India’s manufacturing sector lost momentum, with factory activity slowing to a 14-month low of 56.3 in February from 57.7 in January. Although new export orders rose, overall demand softened, and job expansion moderated.


Indian markets opened in the green yesterday, but the momentum quickly turned negative, with both frontline indices losing half a percent by noon. Strong buying in metals, realty, and IT stocks fuelled a recovery in the second half of the session.


Nifty remained above the psychologically important 22,000 mark yesterday and will likely be breached at the open today. A close below this level could pull the Nifty toward the next support band of 21,700-21,750. On the upside, the 22,450-22,500 band may present resistance.
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