Market Watch: A Week of High Stakes

MUMBAI: Investors on Dalal Street are bracing for a week filled with pivotal events that could sway the market's direction. The aftermath of the US's new tariffs and the Reserve Bank of India's (RBI) upcoming interest rate decision are at the forefront of investors' minds.

Global Ripples from US Tariffs

The global financial markets are experiencing significant turbulence following the US's imposition of new tariffs. Major indices worldwide have seen sharp declines, with the Dow Jones, S&P, and Nasdaq Composite all suffering substantial losses. Asian and European markets, including Japan's Nikkei and the UK's FTSE, are not spared from the downturn.

Domestic Market Reactions

Back in India, the Sensex and Nifty have both witnessed declines, with sectors like pharma, auto, and textiles among the hardest hit. The inconsistent trading patterns of foreign funds add another layer of uncertainty to the market's outlook.

Key Events to Monitor

Aside from the tariff fallout, the start of India Inc's quarterly earnings season, March's retail inflation figures, and fluctuations in crude oil prices are critical factors that could influence trading in the coming days. Markets will observe a closure on April 10 for Shri Mahavir Jayanti.