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Indian manufacturers foresee growth in US revenues for leather goods, non-leather footwear, and textiles, driven by lower tariff rates compared to China, Vietnam, and Bangladesh. However, Indian carpet makers express concerns over the competitiveness of their products due to higher tariffs compared to Turkey, Azerbaijan, and Nepal, threatening their business margins.
Stock market recommendations: Bajaj Broking Research recommends buying NHPC and Symphony stocks amidst positive market signals. Nifty and Bank Nifty are expected to see upward movements.
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in red on Friday following global cues. While BSE Sensex dipped below 76,000, Nifty50 was above 23,100.
White House has revised downward to 26% the reciprocal tariff on India from an initially published 27%. Several countries experienced their rates varying slightly before final rates were confirmed.
Indian stock market indices, BSE Sensex and Nifty50, suffered significant declines on Friday, triggered by US recession fears and new tariffs announced by American President Donald Trump.
US President Donald Trump’s announcement of reciprocal tariffs revealed discrepancies between the displayed charts and the White House annexure. The White House has now amended the annex to match the lower rates initially shown. The revised rates will impact numerous countries with differential tariffs being applied from April 5.
Economic forecasts show growing recession fears as Donald Trump's new tariff announcements dampen global business sentiment and disrupt supply chains. Major financial institutions like JPMorgan and Goldman Sachs have significantly increased the likelihood of a recession, while the S&P 500 has experienced severe market losses.
2025/04/04 11:58:47
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