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Ep-1007 | Daily Money Show | Stock Market News Today
Takeaway
Weak Walmart guidance, US consumer slowdown fears and Trump tariff concerns weighed on Indian markets — auto stocks were the biggest casualty.
Summary
- Sensex -424 to 75,311 and Nifty -117 to 22,795 with auto and financial sectors dragging most; midcap -1.13%.
- US Walmart Q1 numbers missed estimates and management gave weak guidance — raised concerns of slowdown in US consumer spending, negative for Indian IT.
- Trump tariff concerns continued to pressure Indian markets.
- Auto stocks (Tata Motors, M&M) corrected on potential government policy shock against auto industry.
- EaseMyTrip announced partnership with Korea tourism to promote Korean travel to Indian tourists.
Daily Money ShowWalmartTrump TariffsAutoEaseMyTrip
Original description
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