"Trump’s Tariffs Fuel the Fall – Bears Push try to 22,000!"
The market remained flat after intra-day volatility, with Nifty down 5 points to 22,119 and Sensex slipping 112 points to 73,086. The Midcap Index rose 69 points to 47,984, recovering over 1,100 points from its lows.
Sectoral Highlights:?Metals gained, while realty attempted to add value. Media declined by 1.10%, and oil & gas slipped 0.80%.
- Market Reaction: U.S. equities plunged as trade tensions and weak economic data rattled investors. The S&P 500 fell 1.76%, while the Nasdaq lost 2.64%, dragged down by Nvidia (-8%).
- Trade Tensions Rise: Trump confirmed 25% tariffs on Canada & Mexico starting Tuesday, while an extra 10% tariff on China took effect, escalating trade concerns.
- Manufacturing Slowdown: India’s manufacturing PMI fell to a 14-month low of 56.3 in February, reflecting softer demand and slower job expansion. Despite rising input costs, firms passed them on due to resilient demand, while GDP growth rebounded to 6.2% in Q3.
- Renewable Energy Cooperation: India seeks advanced green tech from the EU, while Europe aims to leverage India's large-scale deployment and grid expertise. The partnership focuses on green hydrogen, offshore wind, smart grids, and energy efficiency under the 2025-28 India-EU Clean Energy and Climate Partnership.
- Jupiter Electric Mobility: Launched JEM TEZ e-CV at ?10.35 lakh and inaugurated an Indore plant to produce 10,000 e-LCVs annually, supporting India’s EV goals.
- United Drilling: Won an ?8 Cr order from OIL India for 2000m Large OD Casing Pipe for the Andaman offshore project, with delivery in three months.
- Mahindra & Mahindra: Plans expansion in hospitality, real estate, aerospace, renewables, and mobility, focusing on operational excellence over acquisitions.
- Education vs. Unemployment: In India, unemployment is highest among graduates (28.7%) and decreases with lower education levels, reaching 3.2% for those below 5th grade.
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