Indian markets are likely to start on a positive note today, with early indicators from Gift Nifty pointing to a strong opening. In the previous session, the Sensex and Nifty extended their winning streak to six consecutive days. On Monday (March 24), the Sensex jumped 1,078.87 points or 1.40% to close at 77,984.38, while the Nifty advanced 307.95 points or 1.32% to settle at 23,658.35.
Key global and domestic cues to know on March 25, 2025 Trump’s tariff worries – Auto imports in the spotlight
The tariff drama is heating up again. US President Donald Trump has hinted that long-anticipated tariffs on automobile imports could be announced in the coming days. While details remain murky, he suggested that some nations might get a break from next week’s broader “reciprocal” tariffs. With a major trade policy move expected on April 2, global automakers and investors are on edge.
Asia Markets
Asian stock markets kicked off Tuesday on a positive note, taking cues from Wall Street’s overnight rally. Investors cheered the possibility that U.S. President Donald Trump’s tariffs might not be as harsh as feared. In Australia, the S&P/ASX 200 edged up 0.69% as traders kept an eye on Treasurer Jim Chalmers, who is set to unveil the country’s budget later in the day. Japan’s Nikkei 225 saw a strong start, jumping 1.15%, with the broader Topix index also in the green. Meanwhile, South Korea’s Kospi climbed 0.61%, and the small-cap Kosdaq was not far behind, adding 0.64% in early trade.
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The US market ended higher on March 24, with all three major indexes posting strong gains. The Dow Jones Industrial Average jumped 597.97 points, or 1.42%, to close at 42,583.32. The S&P 500 wasn’t far behind, rising 1.76% to settle at 5,767.57, while the tech-heavy Nasdaq Composite outperformed with a 2.27% surge, finishing at 18,188.59.
US GDP Growth data on March 27
On March 27, the US is set to reveal its Q4 GDP growth numbers, giving a fresh look at how the economy fared in the final months of 2024. With the Federal Reserve’s recent policy tweaks still in focus. Apart from this, there is also buzz around potential trade tariff updates.
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