Global Trade Tensions Rise

•U.S. Tariffs Impact Global Markets: President Donald Trump's announcement of new tariffs, including a 10% baseline on all imports and up to 54% on key trading partners, has led to steep declines in global stock markets. The U.S. experienced its worst trading day since June 2020, with the Nasdaq dropping 6%. Asian and European markets followed suit, and oil prices plummeted over 6%. IMF chief Kristalina Georgieva warned that these measures pose a significant threat to global economic stability. •Canada Proposes Free Trade Coalition: In response to U.S. tariffs, Canadian Prime Minister Mark Carney stated that Canada is "ready" to lead a coalition of countries supporting free trade and global cooperation. mpact on Indian Markets •Market Outlook: Weakness in global equities due to U.S. tariffs is expected to impact Indian markets. As of 7:42 AM IST, GIFT Nifty futures traded 98.45 points lower at 23,228. •Stock Recommendations: Analysts suggest monitoring stocks like HDFC Bank, Vedanta, and Avenue Super marts, considering the current market volatility. Parliamentary Developments in India •Waqf (Amendment) Bill Passed: Parliament cleared the Waqf (Amendment) Bill 2025 after a 14-hour debate in the Rajya Sabha, with 128 members voting in favor and 95 against. Defense Updates •F-16 Delivery to Taiwan: Lockheed Martin delivered the first of 66 new Block 70 F-16C/Ds to the Republic of China Air Force on March 28. The aircraft is scheduled to arrive in Taiwan by 2027.