*Market Commentary February 3, 2025* ➡️In the volatile session on Budget Day, the Indian equity indices ended on a flat note on February 1 despite some major announcements by Finance Minister Nirmala Sitharaman in her Union Budget speech with an income tax relief package. ➡️US stocks ended lower on Friday, with indexes losing ground after the White House said U.S. President Donald Trump will implement on Saturday tariffs of 25% on Canadian and Mexican imports and 10% on Chinese goods ➡️Asian markets opened lower Monday after US President Donald Trump levied tariffs on Canada, Mexico and China over the weekend. ➡️The GIFT Nifty is trading lower, indicating a negative start for the day