Indian Markets Brace for Turbulence: Global Cues, Trump's Tariff Pause, and Bitcoin Reserve Shake-up

Indian stock markets are poised for a cautious start on Friday, March 7, 2025, as global uncertainties loom. GIFT Nifty suggests a flat to negative opening, trading 29 points lower at 22,545. Wall Street experienced a sell-off, with the Nasdaq confirming a correction since December. President Trump's unexpected one-month tariff exemption for Canada and Mexico adds to market volatility. Meanwhile, his executive order establishing a Strategic Bitcoin Reserve signals a major shift in US digital asset policy. Oil prices remain stable, with Brent at $69.46 per barrel. Investors will closely watch the Balaji Phosphates IPO listing and NAPS Global IPO allotment in the SME segment.

 

Sources: NSE India, Reuters, Moneycontrol