Sensex Nifty Today | Stock Market Live Updates: GIFT Nifty has been trading flat ahead of the opening of the Indian stock market on Friday. It took cues from the Asian markets, which are mostly lower due to the new 25% auto tariffs imposed by the US.
Here are key factors to watch out for trade-
- US tariffs: US President Donald Trump announced 25% tariffs on all vehicles and foreign-made auto parts imported into the United States. This move was made by the White House to foster domestic manufacturing, but it could also put a financial squeeze on automakers that depend on global supply chains.
- Asia markets: Asia markets continued to trade on a lower note as investors weighed U.S. President Donald Trump’s 25% tariffs on auto imports. Japan’s Nikkei 225 was trading 2.15% lower at 36,993. The Asia Dow was trading 1.51% lower at 3,686.45. South Korea’s Kospi was down 1.34% at 2,572. The Shanghai Composite was trading flat at 3,373.74.
- FII buying: Foreign institutional investors (FIIs) have finally turned buyers after selling for five consecutive months. In March, they are a net buyer of Rs 6,367 crore. They were the net seller in the cash market for the last five months, excluding March.
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