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Wall Street slide, US tariffs fears to weigh on Dalal Street

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MUMBAI: The US markets opened deep in the red on Monday, thanks to tariff-related uncertainties. This is expected to make Dalal Street investors jittery when Indian markets open for the new trading week on Tuesday, after Monday’s holiday.

In addition, foreign fund trading, expectations about RBI’s policy meeting next week and the release of quarterly numbers by corporates will also impact trading in the new week, market players said. On Friday, the Dow Jones index had closed 1.7% lower while the tech-heavy Nasdaq was down 2.7%. On Monday, in early trade Nasdaq was down a further 1.8% while Dow Jones was down 0.3%.
In case, leading US indices close in the red, that would weigh on investor sentiment in the domestic market on Tuesday. Investors on Dalal Street would have to account for the impact of two sliding trading sessions in the US market.

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