Today, the effect of this news will be seen on the market, take a look at it before taking any trade.

Gift Nifty is trading around 23,498.50, indicating the negative beginning of the day.

Major levels for Nifty 50:

Support based on axis points: 23,667, 23,734 and 23,8431

Resistance based on axis points: 23,450, 23,382 and 23,274

Global market signal

Weak signs are being seen for the Indian market. DII saw selling for the second consecutive day. Gift Nifty is seeing minor pressure. Asian markets are trading with weakness. The US market also saw a decline yesterday. Auto import duty has spoiled the atmosphere.

US market status

Dow Jones fell down 400 points from the highest level of its day. Nasdaq, S&P 500 declines due to pressure in tech shares. S&P 500 slipped below 200 DMA. Barclays reduced its S&P 500 target from 6600 to 5900. In S&P 500, the liquidity of the desert bank reached its lowest level in 2 years.

Tariff on cars by Trump

25% tariff on vehicles coming from abroad from abroad. From April 2, 25% tariffs will be imposed on vehicle imports. 25% tariff will be added to the current tariff. In 2024, car and small trucks worth $ 240 billion will be imported. The tariff may generate an additional revenue of $ 100 billion per year. Tariffs will also be imposed on vehicles under USMCA. Tariffs will be imposed on non-American items used in vehicles. The market fears that tariffs will increase prices in America. Car prices in the US are expected to increase by $ 4000–12000. We can reduce tariffs on China for a ticket deal.

Will Trump’s tariff increase inflation?

It is difficult to say whether its impact on Muslim inflation will be permanent or not. Alberto Musallam: Fed will not cut fixed rates for a long time. Alberto Muslem is the president of St. Lewis Fed.

Some important figures for the market

After Trump’s announcement, the dollar index crossed 104.7. The 10-year-old bond has now been close to 4.35% in the US. Crude oil reserves in the US are at a one -month low. WTI crude is now close to $ 70 per barrel. Gold reached a high of $ 3,035 after Trump’s announcement.

Asian market

Today, Asian markets are getting trading strongly. Gift Nifty is trading below 13.50 points. At the same time, Nikkei is seen by 0.94 percent to around 37,674.03. Whereas, Straits Times is showing a gain of 0.38 percent. Taiwan’s markets are trading at 21,972.64 with a decline of 1.29 per cent. While Hangseng is seen at a level of 23,748.23 with a gain of 1.13 per cent. Meanwhile, Kospi is trading at 2,619.14 with a decline of 0.95 percent. Meanwhile, Shanghai Composite is trading at 16.03 points or 0.48 percent to 3,384.73.

American bond yield

The return on the 10-year-year Treasury rose by 22 basis points to 4.34 percent, and the 2-year-year-old Treasury increased by 46 basis points to 3.99 percent.

Dollar index

In early trade on Thursday, the dollar index remained slightly unchanged compared to major currencies.

FII and DII data

Foreign institutional investors made a purchase of Rs 2240 crore in Indian markets on 26 March. Whereas, on this day domestic institutional investors sold Rs 2240 crore.

F&O ban shares

The F&O segment banned the restricted securities include companies whose derivatives contracts are more than 95 percent of the market-wide position limit.

New stock involved in F&O ban: Hindustan Copper

Shares retained in F&O ban: Neil

This stock has been lifted from F&O ban: IndusInd Bank