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Home > Stock Market Updates > Opening Bell - 01 / 04 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 01 / 04 / 25
Category: Business
Duration: 00:01:56
Publish Date: 2025-04-01 04:00:06
Description:

Opening Bell - Morning Commentary


All Eyes on April 2 US Tariff Announcement


The American stock market faces a significant challenge in the forthcoming week as President Donald Trump's tariff implementation deadline approaches alongside an employment report that may potentially reveal economic deceleration.


The S&P 500 and the Nasdaq Composite posted on Monday their worst quarterly performances since 2022, as uncertainty around the Trump administration's economic agenda roiled U.S. equity markets in the first quarter of 2025. The two benchmarks also suffered heavily in March, recording their biggest monthly percentage drops since December 2022.


President Trump announced last week a substantial 25% tariff on automobile imports, a measure that could potentially increase the average vehicle cost in the United States by several thousand dollars. This automotive tariff pronouncement precedes the highly anticipated reciprocal tariff announcement scheduled for April 2.


Gold prices have spiked towards $3,125 per ounce, scaling their fresh historic highs at $3161, driven by its safe-haven appeal.


Indian equities exhibited volatility as potential U.S. reciprocal tariffs weighed on IT and automotive sectors, maintaining a cautious market sentiment throughout the past few sessions.


From the weekly high of 23869, Nifty witnessed a profit booking of more than 450 points towards 23412. Violation of 23400 support in Nifty could drag it towards the next support of 38.2% and 50% retracement levels placed at 23141.


Indian markets are poised to open approximately 1% lower on Tuesday following the Eid holiday, responding to two consecutive sessions - Friday and Monday of weaker global market conditions.
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