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DMS - 1138 Stock Market News | #dailymoneyshow
Takeaway
Markets shrugged off Trump's tariff rhetoric; metals rallied on China supply cuts, and a two-slab GST and Fed cut are the next catalysts.
Summary
- Sensex +409 to 80,567; Nifty +135 to 24,715; Bank Nifty +1.76%; metals led gains.
- Metals rallied on Sept Fed rate-cut hopes and China cutting steel overcapacity production (positive for Indian steel).
- Trump's 50% India tariff stance unchanged but markets ignored his fresh rhetoric; SCO summit photos of Putin/Xi/Kim showed Trump's fading leverage.
- Russia offering S-400 missile new deliveries; India-China joint ventures in electronics moving forward as Asian alignment shifts.
- GST Council meeting starting — government proposing only two GST slabs which could boost consumption.
metalstariffsGST
Original description
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