Good Morning All,
Today Indian stock market is functioning as usual due to budget presentation by Finance Minister Nirmala Seetharaman.
SunPharma and BEL is up on a flat market.
NIFTY 50 23490.20 down by -18.20 (-0.08%)
NIFTY BANK 49507.00 down by -80.20 (-0.16%)
An interesting update that happened overnight is the early arrival of tariff. President Donald Trump, having taken office on January 20, 2025, has proposed significant tariff increases. These include a 25% tariff on all products from Canada and Mexico, and a 10% increase on tariffs for Chinese goods, with these measures potentially starting as early as February 1, 2025