Sensex Today | Stock Market LIVE Updates: Global cues positive after Trump defers EU tariff decision

US markets shut for Memorial Day on Monday

On Friday: Nasdaq -1%, Dollar Index -0.85% to 99.11

Two themes in focus

1. Has the good news on tariffs peaked?

2. Will long-end bond yields continue to rise?

Has the good news on tariffs peaked?

Trump recommended a 50% Tariff on the EU as soon as June 1st if trade negotiations fail

Bessent: Hopes Trump’s threat would “light a fire” under the EU

EU Chief Ursula von der Leyen: “Europe is ready to advance talks swiftly and decisively”

Trump responded & said he agreed to extend the 50% tariff deadline to July 9th

Trump threatens to impose 25% tariffs on Apple if iPhones weren’t made in the U.S.

Will long-end bond yields continue to rise ?

Clear gathering pressure on the back end of global interest rate curves

Question is if a break out in yields hurt stocks

Market will watch response to US Treasury bond auctions

Treasury announced $183 billion in supply for this week (auctions on Tuesday, Wednesday & Thursday)

Nifty resistance at 25,116

On the downside, Nifty support at 24,462

Bank Nifty also bounced back from 20-day MA

Bank Nifty resistance at 55,695

Bank Nifty support at 54,576