Global Markets Slip After Wall Street Hits Record Highs
Global equities edged lower on Friday after U.S. markets reached all-time highs. Despite Air Travel optimism—sparked by Delta’s robust earnings—the move triggered a flight from riskier assets.
- Europe: Germany’s DAX slid 0.9%, France’s CAC 40 lost 0.7%, UK’s FTSE 100 down 0.2%
- Asia: Hong Kong’s Hang Seng +0.6%, Shanghai +0.1%, while Japan’s Nikkei and Korea’s Kospi fell ~0.2% each
- India: Sensex dropped around 0.8%, closing near 82,518, and Nifty slipped below 25,300 .
This downturn followed U.S. tariff announcements—35 % on Canadian imports and 15–20 % broadly—which rattled trade sentiment.
Commodities: Brent crude steadied around $68.9/barrel, while Bitcoin surged past $113,000
Rupee Loses Ground Amid Dollar Strength & Tariff News
The Indian rupee is poised to open weaker around ₹85.70–85.74/USD, pressured by a stronger dollar and global trade tensions.
Analysts note that while tariffs are a factor, the upcoming U.S. inflation data could heavily influence currency stability.
Short-term traders are eyeing 85.90–86.00 sells amid volatile trading conditions.
Sensex & Nifty Bearish Amid TCS Miss & Trade Risks
- Sensex tumbled ~690 points (~0.83%) to 82,500
- Nifty fell ~205 points (-0.81%) to 25,149, dipping below 25,200.
Major triggers included a weak Q1 report from TCS and concerns over renewed U.S. tariffs The tech-heavy indices led the slide, driven by profit booking and poor results.
RBI Intensifies Crypto & Currency Oversight
The Reserve Bank of India is actively monitoring global crypto trends—particularly after U.S. crypto policy pivots and the SEC’s bitcoin reserve initiatives—and is preparing a formal policy statement.
Meanwhile, reports suggest the RBI has caution flags for large bank rupee speculation and is nudging banks to avoid aggressive dollar-rates bets—a strategy used earlier to curb volatility
These swift shifts show RBI’s intent to stabilize both the evolving digital asset landscape and rupee volatility.
Jane Street Faces Derivatives Scrutiny
Jane Street, a global trading powerhouse, was spotlighted in India for alleged derivative-market manipulation—though they deny accusations. The probe revealed how powerful algorithmic trading can shape markets .
With annual earnings over $20 billion, Jane Street’s prominence warns of tighter regulatory oversight on shadowy financial ecosystems.
Bajaj Finserv & Financial Stock Movement
Bajaj Finserv shed ~1.1%, underperforming peers amid broader market weakness; trading volumes also dipped .
On sectoral trends, private and PSU bank shares rose post liquidity-op measures, yet some fringe lenders underperformed .
Bitcoin Hits Record High Above $113K
Bitcoin rallied to all-time highs, surpassing $113,000, buoyed by risk-on markets and rising institutional interest.
Crypto traders are keenly waiting for U.S. Crypto Week in Congress, expected to shape future industry frameworks.
U.S. Futures Dip Over Tariff Risk
U.S. and E.U. stock futures fell nearly 1% after Trump’s new round of tariffs on Canada and other economies was announced.
This global sell-off highlights how policy shifts can reverberate across financial markets and currencies.
