On Thursday, President Trump unveiled a reciprocal plan to impose a 10% tariff on imports from all countries entering the US. He imposed a 34% tariff on China. China’s Ministry of Finance has announced that it will impose an additional 34% tariff on all US goods, effective April 10. This action is a direct…
Trump’s tariff shock: IT shares were the top Sensex and sectoral losers over fears of recession as experts see additional tariffs detrimental to the economic growth in the US. This would impact demand for services of Indian IT companies in that country. The Indian stock market recovered partially from the initial jitters of the…
Stock market: Trump’s decision on reciprocal taxes would introduce a new wave of uncertainty in global trade dynamics, said Amit Jain, Co-Founder of Ashika Global Family Office Services. Markets across Wall Street to Dalal Street are on a high alert, as the US President Donald Trump readies fresh salvo against its trading partners on…
Axis suggested weekly technical stock picks with a potential upside of up to 20 per cent. Axis Securities said the benchmark Nifty50 saw profit booking around the 23,800 zone recently. For the week, the domestic brokerage expects the index to trade within a broader range of 24,250-23,000 while sub-index Nifty Bank could trade within the…