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Wall Street indexes rose on Wednesday amid hopes of easing US trade tensions, especially from the postponement of auto tariffs on Canada and Mexico. Early optimism from an ISM services report was tempered by increased input prices and slow private payroll growth. Major gainers included car companies like Ford and General Motors, while Intel and CrowdStrike saw declines.
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Recent stock market volatility is impacting consumer goods sales, including two-wheelers, luxury cars, and electronics, as many Indians shift their savings to investments. This decline in sales is attributed to negative sentiment around market fluctuations, affecting discretionary purchases and delaying consumption recovery.
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The exchange has changed the expiry day of all index and stock derivatives contracts from April 4. The monthly contracts of stock derivatives, Nifty, Bank Nifty, Fin Nifty, Midcap Nifty, and Nifty Next 50 contracts will expire on the last Monday of every month, while the weekly contracts of Nifty 50 would lapse on Monday every week.
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News and Media
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