Following *President Trump's* announcement of new 25% tariffs on all steel and aluminum imports, the benchmark indices closed in the red, reflecting the prevailing market sentiment. The news impact was seen majorly in companies like Tata Steel and JSW Steel. *Major Indices Performance:* • *NIFTY 50:* 📉 Declined by 0.76%, closing at 23,381.60. • *SENSEX:*📉 Dropped 0.70%, ending at 77,311.80 • *BANK NIFTY:* 📉 Fell by 0.35%, settling at 49,981.00. • *NIFTY MIDCAP 100:* 📉 Fell by 2.12% closing at 52,471.05. • *NIFTY SMALLCAP 100:* 📉 Declined 2.11%, closing at 16,648.70. *Major Sectoral Performance:* • *NIFTY Metal:* 📉 Dropped by 2.64%, closing at 8359. • *NIFTY Realty:* 📉 Fell by 2.99%, closing at 890. • *Nifty FMCG:* 📉 Down by 0.47%, closing at 54,857. *Major news headlines of the day:* • Over the next five years, *Rolls-Royce* plans to double its sourcing from India, focusing on complex parts for aerospace engines, diesel engines etc. • *Bharat Electronics Limited (BEL)* has secured contracts totaling ₹962 crore. • *Brainbees Solutions Ltd* ., the parent company of Firstcry, reported a net loss of ₹8 crore in the third quarter, a significant improvement from the previous period. Revenue increased by 14.3% to ₹2,172 crore, up from ₹1,900 crore last year. • *Zaggle* Prepaid Ocean shares nosedive 10%, hit lower circuit after Q3 results. • VA Tech *Wabag* has secured a significant order worth ₹3,251 crore to design and build a 200 million liters per day sewage treatment plant in Riyadh, Saudi Arabia. • *Nykaa's* net profit increased by 51% to ₹26 crore in Q3. • *L&T Finance* is entering the gold loan sector by acquiring Paul Merchants Finance's gold loan business for ₹537 crore, adding over 98,000 customers, 700 employees, and 130 branches across 11 states to its portfolio.