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U.S. equity benchmarks experienced a volatile trading session, ultimately ending on a mixed note. While the S&P 500 and Dow Jones Industrial Average closed in negative territory, the Nasdaq staged a notable recovery from its intraday lows. The session’s choppiness was driven by growing concerns over a potential economic slowdown and persistently high inflation, which continue to weigh on investor sentiment. In contrast, Asian markets displayed signs of resilience. The Nikkei rebounded sharply following a significant decline in the previous session, and the Hang Seng Index remained buoyant after recovering from recent sell-offs. The positive momentum in the region appears to be fueled by optimism surrounding potential tariff negotiations by the U.S. administration, which could ease global trade tensions. Buoyed by the strength in Asian markets, Indian equities are poised for a positive opening. This optimistic outlook is further supported by cues from the SGX Nifty, which signals a continuation of the upbeat trend. Sectorally, the spotlight today will be on the cement industry, where recent price hikes announced by key players are expected to improve the earnings outlook for the upcoming quarter

The US market turmoil deepened on Friday as China hit back at tariffs announced by President Donald Trump, raising the likelihood of an extended trade war that could cut into corporate profits and stall economic growth. Federal Reserve Chair Jerome Powell said in remarks at a business journalist conference that it is becoming clear that the tariff increases will be significantly more significant than expected. The same is likely true of the economic effects, including higher inflation and slower growth. Asian markets were deep in the red, with benchmark indexes in Australia, New Zealand, South Korea, China, Hong Kong and Japan falling 4-9 per cent. Indian market may follow global peers lower on Monday as tariff woes and fears of a recession weighed on risk assets, wiping out nearly $6 trillion in value from US stocks last week. Energy-related stocks may be in focus after the price of crude oil extended losses after plummeting to its lowest levels over three years on demand concerns.

Wall Street witnessed a sharp sell-off in the previous session, with major indices plunging amid heightened investor concerns over escalating trade tensions and global economic uncertainties. The downturn was fueled by futures-driven declines and a broader risk-off sentiment. Asian markets followed suit, tracking the overnight losses from U.S. benchmarks. The Nikkei and Hang Seng are trading in the red, weighed down by tariff-related concerns. Indian markets are also expected to open on a cautious note, as indicated by GIFT Nifty, though the impact of global tariffs on India is expected to be less severe compared to other Asian peers. On the stock-specific front, Ultratech Cement will be in focus as the company plans to acquire Wonder Wallcare for ₹235 crore

The US equities posted modest gains, with all three major indices closing in positive territory before the US President’s announcement of reciprocal tariffs. The new measures impose a 10% baseline duty on all imports, with higher rates for key trading partners. Indian exports to the US will face a 26% tariff, while Chinese imports will be subject to a 34% duty. Goods from the European Union, the United Kingdom, and other select nations are also targeted with increased levies. Following the announcement, the US futures market saw sharp declines, with the Dow Jones Industrial Average dropping over 2%, the S&P 500 losing more than 3%, and the Nasdaq sliding by approximately 4%. The ripple effect was felt across Asian markets, where the Nikkei opened in negative territory and extended losses due to tariff concerns, while the Hang Seng also struggled as investors weighed the economic impact. Domestic markets are expected to follow global trends, with investor sentiment likely dampened by the tariff measures. Amidst the jitters, Pharma sector is likely to outperform the indices today as exceptions made by the US president on pharmaceutical imports will positively impact the Indian pharma companies.

Key US indices ended largely positive yesterday, with the S&P 500 and Nasdaq closing higher, while the Dow remained mostly flat. Despite the gains, investor sentiment stayed cautious as concerns over Trump’s tariff policies kept markets range-bound, limiting strong upward momentum. The cautious sentiment among investors extended to Asian markets, but with a mixed reaction. While the Nikkei traded largely flat, the Hang Seng saw a strong recovery from its lows. Despite lingering concerns over tariffs, domestic indices are set for a positive start, with GIFT Nifty indicating moderate gains. However, sustaining this momentum could be challenging, as global market volatility may spill over into local trading. On stock specific front, KEC International would be in the limelight after the company announced that it has successfully bagged new orders worth Rs. 1,236 crores.

As April 2nd, referred to as “Liberation Day,” approaches, market sentiment remains fragile. Investor concerns deepened after the U.S. President announced that upcoming tariffs would essentially cover all countries, raising fears of a global trade war and potential economic slowdown. This uncertainty was reflected in safe-haven (gold) gaining traction. Wall Street had a mixed session on Monday, as the Nasdaq closed lower, while the S&P 500 and Dow Jones Industrial Average (DJIA) posted moderate gains. Following the U.S. market cues, Japan’s Nikkei also traded in the green, while Hong Kong’s Hang Seng gained momentum, driven by renewed optimism about China’s economic recovery, as reflected in an improving manufacturing PMI. On the domestic front, Indian markets are expected to remain subdued, with investor caution prevailing ahead of Liberation Day. Additionally, potential foreign institutional investor (FII) sell-offs could exert further pressure, as capital flows may shift toward China amid its strengthening economic outlook. As a result, market sentiment may lean towards weakness in today’s session.

The US market closed lower overnight as investors remained cautious about President Trump’s tariff policies. However, economic data provided some relief, showing that the US economy grew slightly faster than previously estimated in the fourth quarter of 2024. Additionally, weekly jobless claims decreased last week, and pending home sales rebounded in February. In Asia, markets were mostly down this morning, with Japan and South Korea experiencing the most significant losses due to President Trump’s announcement of a 25% tariff on automotive imports. This policy particularly affected Japanese and South Korean markets, with Japan’s Nikkei index declining by 1% and South Korea’s KOSPI falling by 1.3%. Major automakers such as Toyota, Mazda, and Subaru saw notable decreases in their stock prices. The Indian market is expected to have a muted start on Friday, as global sentiment remains fragile due to tariff concerns and ongoing caution ahead of the upcoming quarterly earnings season. Eyes are on the US-India trade meeting, which began on Wednesday and will conclude on Saturday. This meeting involves negotiations over a bilateral trade agreement between the two countries.

The US market lower on Wednesday, as investors expressed concerns over the economic ramifications of the newly announced tariffs. Tech stocks experienced selling pressure amid growing worries about an oversupply of AI data centers and computing capacity. On Thursday, Asian stocks showed mixed results, reflecting the losses seen on Wall Street while investors absorbed US President Donald Trump’s announcement of a 25% tariff on auto imports. The Indian market is expected to open on a sluggish note on Thursday, influenced by Trump’s tariff plan on autos and auto parts set to take effect next week, which has heightened trade tensions and raised concerns about inflation and global growth prospects. The market is likely to trade sideways until the first week of April, with short-term volatility remaining a possibility. Nevertheless, India’s macroeconomic fundamentals remain robust. Increased government spending and improved rural trade dynamics are anticipated to bolster growth, and a potential rate cut by the RBI in April could further enhance market sentiment.