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Ep-1014 | Daily Money Show | Stock Market News Today
Takeaway
Markets bounced on hopes Trump will roll back Mexico/Canada tariffs; Indian textile exporters set to benefit from higher China tariffs.
Summary
- Sensex up 740 pts to 73,730; Nifty up 254 pts to 22,337; mid/small caps up 2.5-2.6%.
- US Commerce Secretary Lutnick suggested Trump may roll back 25% tariffs on Canada and Mexico — markets recovered on negotiation hopes.
- Trump also imposed additional 10% tariff on China, creating opportunity for Indian textile exporters as Chinese exports become costlier.
- Textile Ministry planning meeting with industry stakeholders to ramp up domestic capacity for US export orders — positive for Gokaldas Exports.
- Trent (Tata) caused confusion when Westside store count appeared to jump from 238 to 269 (technical glitch); actual count is 240 — modest addition only.
Trump tariffstextilesTrent
Original description
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