The tech-heavy Nasdaq index plunged into a bear market territory on Friday, April 4, after another 4% drop took its losses from the peak well past 20%. The six-week selloff has wiped out nearly $6 trillion from the tech-heavy benchmark since its peak, spurred by worries President Donald Trump’s tariffs will push the US economy […]
IT stocks could shed another 10-15% as multiple challenges persist: Sowilo’s Sandip Agarwal – CNBC TV18
The worst may not be over for the Indian IT sector, which could see another 10–15% correction, warns Sandip Agarwal, Fund Manager at Sowilo Investment Managers. He advises a cautious investment approach, suggesting investors “nibble” after earnings once downside risks are factored in. The Nifty IT index has already shed over 22% year to date. […]
Stock Market Crash: Trump tariff-led rout wipes out ₹11 lakh crore in investor wealth – CNBC TV18
Indian equities reacted to US President Donald Trump’s imposition of reciprocal tariffs across 60 countries including India on Friday, April 4, breaking key support levels. However, the quantum of the fall is lower in comparison to what Wall Street fell on Thursday night or Asian Indices like the Nikkei fell on Friday. The Nifty 50 […]
Trump tariffs led to shares of this garment exporter collapse 25% in two sessions – CNBC TV18
Shares of Pearl Global Industries Ltd., a manufacturer and exporter of ready made garments, are down as much as 18% on Friday, April 4, extending their losses from Thursday, when the stock had declined by over 7%. US President Donald Trump on Thursday, announced reciprocal tariffs on as many as 60 countries, which included names […]
Axis MF turns defensive with domestic picks as global uncertainty deepens – CNBC TV18
As global trade tensions intensify following the announcement of new tariffs by the US, Axis Mutual Fund is taking a cautious stance, shifting its portfolio strategy toward domestic-facing sectors and away from export-oriented names. Shreyas Devalkar, Head of Equity at Axis Mutual Fund, which manages nearly $38 billion in funds, noted that while markets are […]
Manulife Investment backs these asset classes as tariff risks rise – CNBC TV18
While equity markets have fallen sharply after US President Donald Trump’s tariff announcement, Marc Franklin, Managing Director, Senior Portfolio Manager of Multi-Asset Solutions at Manulife Investment Management, says some asset classes are still performing well. “The focus will be predominantly on equities because of the sizable downside moves,” he said. However, bonds remain attractive, particularly […]
US Market Crash: UBS downgrades, cuts S&P 500 target to 5,800 – CNBC TV18
UBS Global Wealth Management downgraded US equities, warning of prolonged market volatility due to the impact of reciprocal tariffs on the world’s largest economy, and far-reaching implications for global growth. The firm reduced US stocks to neutral from attractive, and slashed its year-end target for the S&P 500 Index to 5,800 from 6,400 due to […]
Trump Tariff Effect | Order cancellations, demands for discounts rip into Indian apparel exports – CNBC TV18
The Indian apparel export sector is bracing for immediate challenges despite initial relief over the newly announced reciprocal tariffs by the United States. Sudhir Sekhri, Chairman of the Apparel Export Promotion Council, in an interview with CNBC-TV18, highlighted that while the industry might gain some advantage over key competitors like Bangladesh and China due to […]
Reciprocal tariffs won’t derail broader India-US ties, says former foreign secretary Shyam Saran – CNBC TV18
The imposition of reciprocal tariffs by the US, is unlikely to fracture the wider strategic relationship between India and the United States, according to former Foreign Secretary Shyam Saran. Speaking in an interview with CNBC-TV18 following the Trump administration’s announcement of sweeping new tariffs, including a 27% levy on India, Saran suggested that while trade […]
US stock market LIVE: S&P 500, Nasdaq poised for sharp decline, Dow set to fall over 1,000 points as Trump’s Tariffs rattle global markets
US stock market LIVE: The S&P 500 and Nasdaq are set to tumble, with the Dow expected to drop more than 1,000 points as President Trump’s tariffs send shockwaves through global markets. The announcement of sweeping tariffs has intensified fears of a global economic slowdown, triggering widespread sell-offs across major indices. Stay tuned with the latest […]