Indian stock markets are set to open on a positive note on March 6, with GIFT Nifty indicating at a green start. After a volatile session earlier this week, investor confidence seems to be picking up, paving the way for a steady opening.
Breaking a 10-day losing streak, Indian markets saw a strong recovery on March 5. The Sensex climbed 740 points or 1.01% to close at 73,730, while the Nifty gained 255 points 1.15%, crossing the 22,300 mark.
Key global and domestic cues to know on March 6, 2025 Trump’s “Reciprocal tariff on India”
US President Donald Trump has once again criticized India’s high tariffs, particularly in the auto sector, where he claims duties exceed 100%. Speaking at a Joint Session of Congress, he warned that starting April 2, the US will impose reciprocal tariffs, mirroring India’s levies. He also hinted at using non-monetary trade barriers if India restricts US market access.
Asian Markets
Asian markets saw a mixed start on Thursday, with most indices trading higher driven by US President Donald Trump’s decision to delay tariffs on select automakers. Japan’s Nikkei 225 climbed 0.76%, while the broader Topix index advanced 0.78%. South Korea’s Kospi added 0.61%, and the Kosdaq followed with a modest 0.38% uptick. Meanwhile, Australia’s S&P/ASX 200 bucked the trend, slipping 0.48%.
Bond yields surge as selloff spreads across Asia
Asian bond markets saw sharp declines, with Japan’s 10-year yield hitting 1.5%, a level unseen since 2009 amid inflation concerns and rising borrowing costs. A global selloff, triggered by heavy selling in German bunds, rippled through fixed-income markets, sending US Treasury yields higher for the third straight session to around 4.3%. Yields in Australia and New Zealand also jumped by 10 basis points, while Asian equities found support from a delay in certain US tariffs on Mexico and Canada.
ALSO READTime to watch the Metal Sector – Two stocks signalling a reversal US-China Trade War heats up: Beijing strikes back
Tensions between the US and China have escalated after President Trump announced steep tariff hikes on Chinese imports. In response, Beijing hit back with tariffs of up to 15% on key US agricultural goods like pork, soy, chicken, and beef. The move sent shockwaves through global markets. China also ramped up regulatory pressure on American firms.
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