Indian stock markets are likely to open lower on Tuesday, March 4, as indicated by GIFT Nifty trends. Investors remain cautious after a volatile session on Monday, where markets swung between gains and losses before settling nearly flat.
On Monday, the Sensex closed 112 points lower at 73,085, while the Nifty dipped 5 points to end at 22,119. Both indices experienced sharp fluctuations, with the Sensex moving between 72,784 and 73,649, and the Nifty trading within a range of 22,004 to 22,261.
Key global and domestic cues to know on March 4, 2025 Asian Markets
Asian markets opened lower on Tuesday, following a sharp drop on Wall Street after U.S. President Donald Trump confirmed that tariffs on Mexico and Canada would move forward. This led to cautious trading across the region, with Japan’s Nikkei 225 falling 1.03% and the Topix index down 0.61%. South Korea’s Kospi slipped 0.41%, while the smaller Kosdaq index saw a bigger drop of 1.43%. In Australia, the S&P/ASX 200 also started the day weak, losing 1.11%.
US markets
US stock markets took a sharp hit on Monday after President Donald Trump announced a 25% tariff on imports from Canada and Mexico. The Dow Jones Industrial Average plunged 649 points, closing at 43,191, while the S&P 500 dropped 104 points to settle at 5,849. The Nasdaq Composite took the hardest hit, sliding 497 points to finish at 18,350 a 2.64% decline.
Trump’s tariff
President Donald Trump on Monday said that the US will impose 25% tariffs on imports from Canada and Mexico starting Tuesday, shutting down any possibility of a last-minute deal. Speaking at the White House, Trump stated that negotiations had reached a dead end, leaving no room for further talks. The decision raises concerns over escalating trade tensions with two of America’s key trading partners, potentially impacting supply chains and economic ties.
ALSO READUS Stocks-Wall Street closes lower as Trump sets 25% tariffs, manufacturing data dips US dollar
The US Dollar Index (DXY), which measures the dollar’s value against a basket of six foreign currencies, was down 0.12% at 106.42 on Tuesday morning. The index evaluates the strength or weakness of the US dollar in comparison to major currencies. The basket contains currencies such as the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, etc.
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