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DMS-1118 Stock Market News
Original: DMS -1118 Stock Market News | #dailymoneyshow
Takeaway
Markets ignoring repeated Trump tariff threats; India's exports to US are small share of GDP and burden hits US consumers more.
Summary
- Market: Sensex +418 to 81,018; Nifty +157 to 24,722; midcap +1.24%, smallcap +0.94%; Bank Nifty flat
- Markets shrugged off Trump's 25% tariffs on India; 6th round of India-US trade talks ongoing
- SBI Research: US suffers more from tariffs than India because cost burden falls on US consumers (inflationary); India's US-export contribution to GDP is small; pharma and electronics exemptions matter
- RBI Monetary Policy Committee meeting outcome on Wednesday — uncertainty on whether rate cut continues after 100 bps already done
- Enforcement Directorate arrested Viresh Joshi (former Axis Mutual Fund manager) in front-running case; Axis MF clarified operations are unaffected
market newstariffsRBI policy
Original description
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