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Wall Street indices rebounded on Tuesday, recovering from the previous day’s losses and closing in positive territory after US President Donald Trump announced plans to ease tariff rates on China. He also clarified that he has “no intention” of removing Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average gained 2.66%, the S&P 500 rose 2.51%, and the Nasdaq Composite advanced 2.71%. Markets in the Asia-Pacific region also experienced a relief rally, trading in the green following Trump’s remarks on easing trade tensions with China. Taking cues from the global market recovery and the potential easing of trade tensions, Indian benchmark indices are expected to open on a positive note. This is further supported by GIFT Nifty trading higher. On the stock-specific front, Ashoka Buildcon Limited received a Letter of Acceptance (LoA) for a ₹568.86 crore project from Central Railway. The project involves gauge conversion work between Pachora and Jamner in Maharashtra, including earthworks, construction of major and minor bridges, road under-bridges (RUBs), permanent way works, and other related civil infrastructure.

Wall Street indices closed lower on Monday after US President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell, raising concerns about the central bank’s independence. Trump stated that Powell’s reluctance to cut interest rates immediately could slow the economy. This comes after Powell, last week, highlighted concerns about growth and inflation following Trump’s tariff announcements. The S&P 500 dropped 2.4%, the Nasdaq 100 fell 2.5%, and the Dow Jones Industrial Average also declined by 2.5%. Meanwhile, most markets in the Asia-Pacific region remained subdued due to global uncertainty. Indian benchmark indices are expected to open on a muted slightly on the positive side, driven by investor optimism over better-than-expected corporate earnings. On the stock-specific front, state-owned Coal India has entered into a partnership with Damodar Valley Corporation (DVC) to set up a 1,600 MW (2×800 MW) ultra-supercritical thermal power plant in Jharkhand. The brownfield project, estimated at ₹16,500 crore, will be an expansion of the existing Chandrapura Thermal Power Station (CTPS), which currently operates with a capacity of 2×250 MW.

Wall Street indices posted losses for the third consecutive session on Thursday and remained closed on Friday in observance of Good Friday. The US index futures declined by 0.5% each after President Donald Trump made comments about terminating Jerome Powell, following Powell’s criticism of Trump’s trade policies. Tracking cues from Wall Street, Japan’s Nikkei slipped 0.74%, while the Hong Kong market remained shut for Easter holiday. Indian benchmark indices are expected to open on a slightly positive note, as indicated by GIFT Nifty trading in the green. However, markets may trend lower during the day, mirroring global sentiment. On the stock-specific front, TCS announced a partnership with Vianai Systems (a leading provider of enterprise-grade, domain-specific generative AI applications) to equip business leaders with advanced GenAI tools for decision intelligence.

U.S. equity indices ended modestly lower, weighed down by lingering uncertainty surrounding tariffs. However, losses were limited by gains in financial stocks, supported by strong quarterly results from select peers. Despite the positive earnings, cautious corporate commentary—particularly concerns over weakening consumer sentiment linked to potential Trump-era tariffs—dampened overall market mood. Following the subdued U.S. session, Asian markets traded mixed. The Nikkei declined, led by losses in technology stocks after the U.S. announced new restrictions on chip exports to China. The Hang Seng also extended its losses amid continued tariff tensions and fresh export curbs, which further eroded investor sentiment. Notably, China’s GDP data exceeded expectations but failed to significantly boost market participation. On the domestic front, sentiment remains cautious, mirroring global weakness. The GIFT Nifty signals a likely gap-down opening, reinforcing the prevailing bearish outlook.

US equity markets declined sharply after Federal Reserve Chair Jerome Powell indicated signs of a slowdown in economic growth. Speaking at the Economic Club of Chicago, Powell noted that higher-than-expected tariffs could lead to elevated inflation and slower growth, though he emphasized that the Fed would await further data before adjusting interest rates. Among the major indices, the Nasdaq Composite registered the steepest decline, weighed down by Nvidia’s warning of significant charges stemming from new the US restrictions on chip exports to China. In contrast, Asian markets reflected a more optimistic tone. The Nikkei posted strong gains, supported by bullish sentiment in technology and export-driven stocks, aided by favorable global cues and currency movements. The Hang Seng also rebounded as investors monitored developments in the US tariff negotiations. Back home, domestic indices are likely to open on a muted note, as suggested by GIFT Nifty. With the earnings season underway, market sentiment is expected to be driven by corporate results. Key earnings to watch today include Jio Financial Services, HDFC Life, and Infosys.

The overall global market outlook remain positive for today’s trading session, with gains recorded across markets. The US market ended higher on Monday, albeit modestly with Apple leading the gaon across indices as the US administration exempted smartphones and computers from its tariff portfolio. Uncertainty over future tariffs capping potential optimism, with concerns over how companies will navigate their supply chain amidst the tariff chaos. On the Asian front, Nikkei started off with a robust debut, largely on the back of the broader equity market rebound with Automotives, Technology, and export linked shares being the key growth drivers further aided by weaker yen, boosting the sentiments of exports. Hang Seng however experienced a steep declines from its debut, with concerns of failing tariff negotiation weighing in on the investor sentiment. On account of the positive global market landscape, the the domestic indices are likely to remain buoyant during the day, the expectations being further bolstered by the positive cue from GIFT Nifty. We expect Pharma stocks to likely be in light during the trading session, owing to dynamic changes in the landscape with the onset of Trump’s hefty 145% tariff on China, which will likely pressurize the supply chain of Indian pharma companies.

The US market ended lower overnight after a historic rally seen in the previous session in response to the temporary tariff relief. President Trump didn’t rule out extending his 90-day tariff pause but said if the White House can’t come to new agreements with its trading partners, the steeper rates would go back into effect. In economic releases, US inflation cooled broadly in March while there has been a slight increase in jobless claims last week. Asian markets were sharply lower this morning after scoring big gains in the previous session. There were concerns that the U.S.-China trade war will probably get worse before it gets better. Indian market look set to open on a buoyant note Friday after US President abruptly announced a 90-day pause on new reciprocal tariffs on most countries, but raised duties for China, making Beijing increasingly isolated for its lack of respect shown to world’s markets. However, all other countries face a baseline tariff of 10%.

US markets slipped into the red on Tuesday, despite early-session gains, as investor sentiment turned sour following a key trade policy update. The U.S. shared plans to impose a 104% duty on select imports from China in the near term, dampening hopes of a resolution to ongoing trade tensions. This development weighed heavily on equities, marking the fourth consecutive session of losses. The S&P 500 is now down nearly 19% from its February high, approaching the 20% threshold typically used to define a bear market. The negative sentiment spilled over into Asian markets, with major indices trading lower in early hours. Japan’s Nikkei and Hong Kong’s Hang Seng both declined by over 2%, reflecting rising concerns about global growth and the escalating U.S.–China trade standoff. In Japan, fading hopes of tariff relief have further fueled economic uncertainty, while in Hong Kong, markets are reeling from the intensifying trade conflict, with neither side showing signs of backing down. Back home, Indian markets are poised for a weak start, mirroring global trends. Early indications from GIFT Nifty suggest a subdued opening, as investor sentiment remains under pressure amid persistent geopolitical and economic headwinds. Meanwhile, crude oil prices continue to slide, which could pose headwinds for OMCs in today’s session.