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DMS-1136 | Stock Market News | Daily Money Show
Original: DMS - 1136 Stock Market News | #dailymoneyshow
Takeaway
India-China-Russia coming closer at the SCO summit is a major diplomatic shock to the US and a long-term positive for Indian markets, even as Trump's tariff battle drags on.
Summary
- Sensex +554 to 80,364; Nifty +198 to 24,625; mid +1.76%, small +1.38%, Bank Nifty +0.65%
- Big geopolitical signal: Modi, Putin and Xi seen huddling at SCO summit in China — symbolic shock for US given Trump's tariff bullying
- Modi-Xi: 'dragon and elephant must dance together'; Mansarovar yatra resuming; Modi-Putin had 30-60 min private meeting on space, fertilizers, trade
- India sticks firmly on no full agri/dairy access to US; expects Trump to back down eventually as US realises India is drifting closer to China
- Other positives: Q1 GDP beat expectations; US Federal Court ordered Trump govt to justify tariffs by mid-October — partial check on tariff powers
SCO summitIndia-Chinatariffs
Original description
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