*Market Commentary February 20, 2025* ➡️Indian market extended the losses in the fourth session and ended marginally lower in the highly volatile session on February 19 with Nifty above 22,900. The investors remained cautious after US President Donald Trump announced plans to impose 25 percent tariffs on auto, semiconductor, and pharmaceutical imports. ➡️US stocks ended modestly higher on Wednesday and the S&P 500 notched its second straight all-time closing high as investors scrutinized the minutes from the Federal Reserve's January policy meeting and digested U.S. President Donald Trump's tariff plans. ➡️Shares in Asia fell Thursday following muted moves on Wall Street after Federal Reserve meeting minutes signaled that it's in no rush to cut interest rates. ➡️The GIFT Nifty is a trading lower, indicating a flat to negative start for the day.