Ahead of Market: 10 things that will decide stock market action on Wednesday
The benchmark BSE Sensex lost 12.85 points or 0.02% to close at 74,102.32, while the broader Nifty 50 index closed at 22,497.90, higher by 37.60 points or 0.17%.
Here's how analysts read the market pulse:
Despite significant selloffs in the U.S. and other Asian markets driven by concerns over an economic slowdown caused by the ongoing trade war, the domestic market is showing signs of a gradual recovery, said Vinod Nair, Head of Research at Geojit Financial Services.
“Its relatively lower volatility can be attributed to a moderation in valuations following recent corrections, along with supportive factors such as falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings. These elements are expected to contribute to stability amid prevailing trade uncertainties. Meanwhile, attention remains on the upcoming retail inflation data, which could provide insights into potential interest rate cuts," said Nair.
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Wall Street’s major indexes declined in volatile trading on Tuesday after U.S. President Donald Trump announced new tariffs on Canada, heightening concerns that his trade policies could slow economic growth.Trump doubled tariffs on all Canadian steel and aluminum imports to 50% in response to Ontario imposing a 25% tariff on electricity exports to the U.S.
Global markets have been unsettled by escalating trade tensions between the U.S. and key partners
