{"id":56973,"date":"2025-03-05T02:30:10","date_gmt":"2025-03-05T02:30:10","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/03\/05\/sensex-nifty-seen-tad-higher-on-us-tariff-relief-hopes\/"},"modified":"2025-03-05T02:30:10","modified_gmt":"2025-03-05T02:30:10","slug":"sensex-nifty-seen-tad-higher-on-us-tariff-relief-hopes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/03\/05\/sensex-nifty-seen-tad-higher-on-us-tariff-relief-hopes\/","title":{"rendered":"Sensex, Nifty Seen Tad Higher On US Tariff Relief Hopes"},"content":{"rendered":"
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Indian shares may open slightly higher on Wednesday after U.S. Commerce Secretary Howard Lutnick suggested that the Trump administration may reach a tariffs compromise with Mexico and Canada. <\/p>\n

A potential deal is expected to involve reducing, at least partially, the new 25 percent tariffs on imports from both countries. <\/p>\n

Benchmark indexes Sensex and Nifty ended with modest losses on Tuesday while the rupee settled 2 paise higher at 87.30 against the dollar. <\/p>\n

FIIs net sold shares worth Rs 3,405.82 crore on Tuesday, while DIIs net bought shares worth Rs 4,851.43 core, as per provisional data. <\/p>\n

In a regulatory change, the NSE said it would shift the expiry day for Nifty derivative contracts from Thursday to Monday, starting April 4.<\/p>\n

Asian markets<\/span> were mixed this morning as China set its 2025 economic growth target at 5 percent and raised the budget deficit to the highest level in three decades to counter the effects of deflation, a property crash and rising U.S. tariffs. <\/p>\n

Meanwhile, a private survey showed China’s services sector grew more than expected in February, driven by a faster rebound in demand. <\/p>\n

The U.S. dollar hovered near a three-month low versus major peers and gold slipped, influenced by higher Treasury yields, while oil extended losses for a third day running amid the prospect of higher supplies from OPEC+.<\/p>\n

U.S. stocks slumped overnight amid escalating trade tensions and mounting concerns about growth. <\/p>\n

The tech-heavy Nasdaq Composite ended 0.4 percent lower after having plunged by as much as 2.1 percent to a nearly five-month intraday low.<\/p>\n

The S&P 500 fell 1.2 percent to a four-month closing low while the Dow gave up 1.6 percent. <\/p>\n

European stocks fell from record highs on Tuesday as fresh U.S. tariffs on Canada, Mexico and China took effect, and China and Canada announced retaliatory measures.<\/p>\n

The pan European STOXX 600 tumbled 2.1 percent and logged its worst day since August 2024.<\/p>\n

The German DAX plunged 3.5 percent after the prospective partners in Germany’s next government agreed to abandon strict fiscal controls to boost defense spending. <\/p>\n

France’s CAC 40 plummeted 1.9 percent and the U.K.’s FTSE 100 lost 1.3 percent. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n