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Home > Stock Market Updates > Opening Bell - 08 / 04 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 08 / 04 / 25
Category: Business
Duration: 00:02:11
Publish Date: 2025-04-08 03:42:58
Description:

Opening Bell - Morning Commentary


Roller-coaster session on Wall Street, Strong start and bargain hunting on cards for our markets

The S&P 500 and the Dow closed lower on Monday after a roller coaster session, with investors worried about an economic slowdown and rising inflation.


Markets continue to digest the latest U.S. tariff announcements - On April 5, a 10% duty was levied on all U.S. imports except those from Canada and Mexico, which are subject to tariffs on non-USMCA compliant goods along with targeted goods such as autos, steel and aluminium. Higher levies on countries that have large trade deficits with the U.S. will take effect on April 9.


Stocks briefly turned positive midmorning following a report that the U.S. was considering delaying tariffs by 90 days. However, reports later surfaced that these claims weren't factual, and U.S. equity markets responded by finishing lower, with the exception of the tech-heavy Nasdaq, which edged out a modest gain.


Administration would be open to trade talks with Japan, one of Washington's closest allies in Asia, and administration officials say dozens of other countries have reached out as well with the hope of heading off the tariffs as high as 50% due to take effect on Wednesday.


Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday if it did not withdraw the 34% tariffs it had imposed on U.S. products last week. Those Chinese tariffs had come in response to 34% "reciprocal" duties announced by Trump.


Asian markets were sharply lower yesterday, with Japan's Nikkei declining roughly 8% and the Hang Seng Index (Hong Kong) down by over 13%. Today Asia-Pacific markets have rebounded from previous session’s losses. Japan’s Nikkei 225 rose 5.34% while the Topix gained 5.53%. South Korea’s Kospi rose 2.26%.


Nifty briefly breached the previous swing low of 21964, but it managed to close above that level,

which may provide support in the near term. Looking upward, the index faces strong resistance around the 22700 mark.


The broader market sentiment remained decidedly negative yesterday, with declining shares predominating for the second consecutive session, suggesting a broad-based sell-off. Such bearish sentiment is unlikely to persist. We anticipate a significant improvement in market sentiment driven by opportunistic bargain hunting activities today.


Indian markets are likely to open stronger today on back of positive global cues.
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