𝗨.𝗦. 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗥𝗮𝘁𝘁𝗹𝗲 𝗼𝗻 𝗔𝗜 𝗗𝗶𝘀𝗿𝘂𝗽𝘁𝗶𝗼𝗻, 𝗪𝗵𝗶𝗹𝗲 𝗜𝗻𝗱𝗶𝗮 𝗛𝗼𝗽𝗲𝘀 𝗳𝗼𝗿 𝗕𝘂𝗱𝗴𝗲𝘁 𝗕𝗼𝗼𝘀𝘁 𝗦𝗮𝗺𝗮𝘀𝘁𝗵𝗶𝘁𝗶 𝗔𝗱𝘃𝗶𝘀𝗼𝗿’𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 – 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗲𝗻𝗱𝗲𝗱 𝗝𝗮𝗻 𝟯𝟭, 𝟮𝟬𝟮𝟱 • Global markets experienced an eventful week, with a series of developments keeping investors on edge. The launch of a Chinese AI model sent shockwaves through U.S. markets, while Indian markets grappled with persistent economic challenges in the lead-up to the Union Budget. • 📈 Nifty 50 (+0.19%) and 📈 Sensex 30 (+0.31%) stabilized, still weighed down by weak corporate earnings and sustained foreign selling. Investors turned their focus to the upcoming Union Budget, anticipating potential measures such as income tax cuts and increased capital expenditure. The RBI also announced liquidity-boosting initiatives, including bond purchases and dollar/rupee swaps, raising hopes of an interest rate cut to 6.25% in February. • 📉 S&P 500 (-0.78%) and 📉 Nasdaq (-1.85%) declined sharply after Chinese startup Deep Seek unveiled an AI model reportedly more cost-effective and capable of running on less advanced chips than U.S. homegrown models. Adding to market jitters, President Trump announced a 25% tariff on Mexico and Canada, two of the U.S.'s largest trading partners. Meanwhile, the Fed held interest rates steady, as widely expected. • 📉 Nikkei (-0.9%) slipped as Tokyo’s core inflation hit 2.5%, marking the fastest annual increase in nearly a year and exceeding the central bank’s 2% target, reinforcing expectations of further rate hikes. • 🪙 Gold (+1.33%) extended its rally for a fifth consecutive week, as investors sought refuge in safe-haven assets amid U.S. tariff concerns, while awaiting a key inflation report for further cues. • 📈 Indian 10-year yield settled at 6.79% (down 7.4 bps for the month), while the U.S. 10-year yield climbed to 4.52% (down 5.3 bps). • 💱 USD-INR at 86.58 hit a new all-time low as concerns over U.S. trade tariffs weighed on Asian currencies. The RBI intervened to limit the bleeding. • 🛢 Brent Crude at $75.72 remained on track for a weekly decline, as markets awaited confirmation on whether President Trump would proceed with imposing tariffs on Mexico and Canada. Until next time, 👋 bye! 🌟