𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗦𝘁𝗿𝗮𝗶𝗻 𝗔𝗺𝗶𝗱 𝗨.𝗦. 𝗧𝗿𝗮𝗱𝗲 𝗣𝗼𝗹𝗶𝗰𝘆 𝗨𝗻𝗰𝗲𝗿𝘁𝗮𝗶𝗻𝘁𝘆 𝗦𝗮𝗺𝗮𝘀𝘁𝗵𝗶𝘁𝗶 𝗔𝗱𝘃𝗶𝘀𝗼𝗿’𝘀 𝗪𝗲𝗲𝗸𝗹𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗮𝗰𝗸𝗲𝗿 – 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗲𝗻𝗱𝗲𝗱 𝗙𝗲𝗯 𝟮𝟭, 𝟮𝟬𝟮𝟱 • Global markets remained on edge over the week as ongoing speculation around tariffs weighed on U.S. markets, while Indian markets continued to struggle, driven by concerns over U.S. tariffs affecting key export industries. • 📉 Nifty 50 (-0.58%) and 📉 Sensex 30 (-0.83%) extended losses after President Trump announced plans to impose at least a 25% tariff on the pharma sector, which accounts for nearly 31% of India's total pharma exports. Losses were further exacerbated by a decline in the auto sector amid fears of a reduction in import duty on electric vehicles to 15% from 110%, as Tesla prepares to enter the market. • 📈 S&P 500 (+0.04%) and 📈 Nasdaq (+0.08%) posted marginal gains as markets absorbed Trump’s tariff plans targeting autos, semiconductors, and pharmaceuticals, fueling further trade war fears. The Federal Reserve left interest rates unchanged in its January meeting as it continued to combat persistent inflation, which climbed to 3% in January. • 📉 Nikkei (-1.2%) slumped as factory activity declined for the eighth straight month in February, albeit at a slower pace. The PMI rebounded to 48.9 from 48.7 in January. Meanwhile, Japan's core consumer inflation accelerated to 3.2% in January, marking its fastest pace in 19 months, even as GDP growth outperformed expectations at 2.8% in the previous quarter. • 🪙 Gold (+0.32%) recorded its eighth consecutive week of gains, hitting two back-to-back record highs, as safe-haven demand remained strong amid uncertainty over U.S. trade policy. • 📈 Indian 10-year yield settled at 6.82% (down 1.9 bps for the month), while the U.S. 10-year yield climbed to 4.48% (down 8.0 bps). • 💱 USD-INR at 86.60 cooled slightly, benefiting from a broadly weaker dollar as investors remained cautious about U.S. President Trump's policies. • 🛢 Brent Crude at $75.86 posted a weekly increase, supported by an improving demand outlook in the U.S. and China. Concerns over supply disruptions in Russia also lent eased. Until next time, 👋 bye! 🌟