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

Opening Bell - 04 / 04 / 25
Category: Business
Duration: 00:02:39
Publish Date: 2025-04-04 04:24:04
Description:

Opening Bell - Morning Commentary


Trump Tariffs Stir Recession Fears


Wall Street benchmarks slumped on Thursday, ending with the largest one-day percentage losses in years, as U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.


The S&P 500 lost 275 points, or 4.85%, to end at 5395 points, while the Nasdaq Composite dropped 1053 points, or 5.99%, to 16547. The Dow fell 1682 points, or 3.98%, to 40542.


S&P 500 companies lost a combined $2.4 trillion in stock market value, their biggest one-day loss since the coronavirus pandemic hit global markets on March 16, 2020


The bruising selloff across markets came after Trump on Wednesday announced Washington's steepest trade barriers in more than 100 years, sending investors scrambling for safety assets.


Fed Chair Jerome Powell is due to speak on Friday and investors will be looking out for his latest assessment of the U.S. economy and any clues on the policy outlook following Trump's fresh tariff salvo.


Asian shares fell to the lowest level in two months, extending a global selloff in stocks after President Donald Trump’s latest tariff measures drove investors into haven assets. Japanese shares sank to the lowest level since August. Markets in China and Hong Kong are closed today.


Crude Oil sold off severely and the dollar extended its drop.

Indian marekts suffered less than their Asian peers Thursday after President Donald Trump’s tariff measures were perceived as less severe on the India's economic growth and corporate profits. India’s relative advantage in US tariff exposure over other Asian exporters could unlock powerful tailwinds for its exports. With US tariffs on Chinese and Vietnamese goods over 50% and 40%, respectively, India’s more moderate 26% rate positions it to capture a slice of shifting supply chains.


Many corporations have announced their monthly and quarterly business updates, which show encouraging signs of qurterlt profit growth, and that will drive the markets in the near term. We are witnessing consolidation in the cement sector as several large groups have acquired smaller production capacities from defunct groups and these cement stocks will hog the limelight today.


The Nifty opened sharply lower yesterday but demonstrated remarkable resilience, quickly recouping most of its losses in the first half of the trading session. Mid and small-cap indices continued to outperform the benchmark indices.


For the last three consecutive sessions, Nifty has been finding support at 50 days EMA, placed at 23129. A level below 23129 could drag Nifty towards the next support level of 22917, which happens to be 50% retracement level. On the upside, any level above 23400 could lead to the resumption of an uptrend.


The Nifty is slated to open with marginal losses, although showing remarkable resilience compared to the significant declines in US markets overnight after President Donald Trump's tariff announcements shook global markets.
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