Indian Stock Market Faces Weak Start Amid Trump-Powell Tensions, Global Sell-Off
Mumbai, April 22, 2025 –
The Indian stock market is poised for a subdued start on Tuesday, following negative cues from global markets and simmering political tension in the US.
Benchmark indices Sensex and Nifty 50, which surged on Monday for a fifth straight session, may take a breather today as Gift Nifty trades at a 52-point discount, indicating a cautious open.
On Monday, the Sensex jumped 855 points to close at 79,408.50, while the Nifty 50 gained 273.90 points to finish at 24,125.55.
“Nifty has closed above the 200-DMA of 24,051, which signals strong bullish sentiment. The ongoing US-China tariff war could prove to be a strategic opportunity for India,” said Prashanth Tapse, Senior VP at Mehta Equities.
Gift Nifty was trading around 24,083, nearly 52 points lower than Nifty futures’ previous close, suggesting a negative opening for Indian indices.
Major US indices plummeted on Monday after President Trump lashed out at Fed Chair Jerome Powell, calling for immediate rate cuts.
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Big tech took a hit:
Trump slammed Powell again on Truth Social:
“There can almost be no inflation, but there can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW.”
Amid risk-off sentiment:
The US Dollar Index stood at 98.45, after falling to 97.92 — its lowest since March 2022, making gold and emerging markets more attractive.
The RBI eased Liquidity Coverage Ratio norms for digitally linked deposits, reducing the buffer to 2.5%, giving banks a liquidity boost by 6 percentage points.
India’s Eight Core Industries index rose 3.8% YoY in March 2025. Full-year growth stands at 4.4%, indicating sustained industrial activity.
Indian stock market, Nifty 50, Sensex, Wall Street, Trump Powell dispute, Gift Nifty, Gold prices, RBI news, Dollar index, Asian markets, market outlook, LCR norms, core sector data, interest rates, Jerome Powell, US-China trade war
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