Indian markets set for a day of declines today

Indian equity markets may see some sharp decline today after US President Donald Trump imposed another additional 25% tariff on Indian goods. This as penalty for India buying Russian oil. USA now imposes the highest tariffs in the world on Indian goods.

US President Trump also said that he will impose 100% tariffs on imported chips. US markets ended the day yesterday, 6^th  August, on a strong footing. Nasdaq ended the day, up by 252.87 points or 1.21%. Dow Jones ended the day, up by 81.38 points or 0.18%. S&P 500 ended the day, up by 45.87 points or 0.73%. Apple’s stock gained more than 5% yesterday. This after US President Trump said that Apple will invest around $100 billion in setting up manufacturing facilities in USA.

Euro Stoxx 50 ended the day, yesterday, up by 13.70 points or 0.26%. Dax ended the day, up by 78.29 points or 0.33%. FTSE 100 ended the day, up by 21.58 points or 0.24%.

Asian markets start the day in green

Asian markets have once again started the day today, 7^th August, on a strong note. At 11:35 a.m. 7^th August, Nikkei 225 is up by 319.82 points or 0.78%. Hang Seng is up by 107.18 points or 0.43%. Shanghai Composite is up by 4.40 points or 0.12%. Kospi is up by 14.92 points or 0.47%.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source: Dow Jones