U.S. tariffs on India increasing, market sensitive to sentiment shifts

From Nasdaq: 2025-03-20 22:31:00

Indian shares may struggle on Friday as U.S. tariffs on India are set to increase on April 2, after President Trump announced reciprocal tariffs. Despite recent gains, domestic markets remain sensitive to sentiment shifts. Benchmark indexes Sensex and Nifty rose 1.2% on Thursday, with the rupee closing at 86.36 against the dollar. Asian markets were quiet, the dollar was strong, and oil prices were poised for a second weekly gain. New OPEC+ output cuts and geopolitical tensions weighed on U.S. stocks, with European stocks ending a four-day winning streak with a drop of 0.4%.



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