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DMS-1124 | Stock Market News | Daily Money Show
Original: DMS - 1124 Stock Market News | #dailymoneyshow
Takeaway
India's diplomatic and FTA push is the right hedge against Trump's Russia-crude tariff threat; Aug-15 Trump-Putin meeting could de-escalate and pull tariffs off India.
Summary
- Sensex -368 to 80,235; Nifty -97 to 24,487; midcap -2%, Bank Nifty -0.84%
- Trump complaint: India buying Russian crude is funding Ukraine war — Modi-Zelensky phone call described as 'very positive' by Zelensky, India pushing for peace
- India's response strategy: accelerate FTAs with multiple countries to diversify exports away from US dependence
- Critical Aug-15 meeting: Trump-Putin to discuss ending Russia-Ukraine war — peace deal would unlock tariff relief for India
- India July retail inflation fell to 1.55% — positive macro datapoint; US July CPI data due that evening
tariffsRussia-UkraineFTA
Original description
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