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DMS-1131 Stock Market News
Original: DMS -1131 Stock Market News | #dailymoneyshow
Takeaway
All eyes on Powell's Jackson Hole speech; India steady against Trump tariff pressure with Russia support.
Summary
- Market: Sensex -693 to 81,306; Nifty -213 to 24,870; mid -1.28%, small -1.27%, Bank Nifty -1.09% before Powell Jackson Hole speech
- Trump publicly attacking Fed Chair Powell for not cutting rates; Powell maintains data-dependent stance citing US economic strength
- Peter Navarro (Trump trade advisor) renewed attacks on India over Russian crude imports; secondary tariff deadline coming with no extension
- Russia offered India additional 5% discount on crude; India-Russia-China bloc forming vs US
- RBI MPC member: have already cut 100 bps, future cuts depend on US trade deal outcome and inflation
- Pakistan figure Najam Sethi makes nuclear weapon threats over India blocking water post-Operation Sindoor; host dismisses bluster
Jackson HoletariffsPakistan
Original description
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