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Ep-1064 | Daily Money Show | Stock Market News Today
Takeaway
Markets fell on COVID resurgence and earnings concerns from JP Morgan CEO, but possible petrol price cut and India-US trade deal are upcoming positive catalysts.
Summary
- Sensex down 872 points to 81,186; Nifty down 261 points to 24,683; mid-cap -1.58%, Bank Nifty -0.98%.
- JP Morgan CEO warns Trump tariffs will collapse US corporate earnings growth; market ignoring this currently.
- India recorded 257 new COVID cases recently with 2 Mumbai deaths from JN.1 sub-variant; government experts to meet on response.
- Stock market angle: rising COVID cases positive for diagnostic companies; recommends masks in crowded places as caution.
- Possible petrol/diesel price cut coming for middle class — OMC profitability allows passing benefit; India-US trade deal first phase expected by July deadline.
market newsCOVIDtariffs
Original description
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