Global Markets Mixed: Gift Nifty Down, Asian Markets Volatile, Dollar Index Strong

Business
M
Moneycontrol•04-02-2026, 09:10
Global Markets Mixed: Gift Nifty Down, Asian Markets Volatile, Dollar Index Strong
- •Gift Nifty is trading lower, while Asian markets show mixed activity; Nasdaq fell 1.5% due to IT stock selling.
- •AI company Anthropic's new automation tool sparked apprehension in the IT sector, causing Gartner's shares to drop 25%.
- •US markets saw sharp selling, with Nasdaq down 350 points and S&P 500 over 1%; Dow declined less, supported by Walmart, PepsiCo, and JPMorgan.
- •India-US trade deal discussions progress, with India agreeing to reduce industrial goods tariffs to zero, while US will monitor crude oil purchases.
- •Crude oil prices surged (Brent over $68, WTI over $64) due to increased US-Iran tensions after a drone incident; talks scheduled for Friday.
Why It Matters: Global markets are experiencing mixed trends with IT sector concerns, US-India trade deal progress, and rising crude oil prices.
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