A couple deals with major trading partners could mean the effective tariff rate rises from 16% to 18% versus 21% scenario, according to Pingle.Nadia Lovell, senior U.S. equity strategist for UBS Global Wealth Management,

This article will be updated throughout the day, so check back often for more daily updates. President Trump announced tariffs will rise on imports from more than a dozen countries yesterday, then proceeded to widen the tariffs war on a second front.

The breakout zone for Nifty stands at 25,550, above which it could rally to 25,650-25,725. On the flip side, a dismissal of 25,400 could accelerate selling pressure, as per experts