Former US President Donald Trump said he would cut tariffs on India, stating that the move follows Prime Minister Narendra Modi’s agreement to stop buying Russian oil, according to his remarks. The statement has immediate implications for India–US trade relations, energy strategy, and export-linked sectors.
Market Snapshot (Key Moves)
Gift Nifty: +721 pts (+2.87%) at 25,857
Nikkei 225: +1,320 pts (+2.51%) at 53,975
Dow Jones: +515 pts (+1.05%)
S&P 500: +0.23%
DAX (Germany): +1.05%
FTSE 100 (UK): +1.15%
KOSPI (South Korea): +3.92% (top global performer)
Hang Seng: −611 pts (−2.23%) — only major laggard
Expert Market View
Global equity markets staged a broad-based relief rally, driven by improving risk sentiment across Asia, the US, and Europe. The sharp 2.9% surge in Gift Nifty signals a strong positive opening bias for Indian equities, reflecting confidence spillover from global cues.
Asian markets led the charge, with Japan’s Nikkei and South Korea’s KOSPI posting strong gains, indicating renewed investor appetite for export-heavy and tech-linked economies. The rally suggests easing concerns around near-term global macro risks.
US indices remained firm, with the Dow gaining over 500 points, reinforcing stability in developed markets. European equities followed suit, with the DAX, FTSE, and CAC closing decisively higher, pointing to synchronized global strength.
However, China-linked sentiment remained weak, as the Hang Seng fell over 2%, highlighting persistent concerns around regional economic growth and capital flows.
