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Wall Street saw positive momentum today after a report from the U.S. Labor Department showed a smaller-than-expected rise in consumer prices for February. The Consumer Price Index (CPI) increased by 0.2%, compared to 0.5% in January, which was lower than the anticipated 0.3%. This led to optimism that the Federal Reserve may soon resume interest rate cuts. Asian markets showed mixed results as U.S. President Donald Trump ramped up trade tensions, threatening new tariffs on European Union goods, and signaling possible financial consequences if Russia rejects a ceasefire in Ukraine. On the Indian front, the market opened on a positive note with expectations of further rate cuts, driven by robust industrial production and a slowdown in retail inflation, which hit a seven-month low in February. This painted a favorable picture for the economy, boosting investor sentiment.

The strength on Wall Street came following the release of a closely watched Labor Department report showing consumer prices in the US increased by slightly less than expected in February. The Labor Department said its consumer price index increased by 0.2% in February after climbing by 0.5% in January. Economists had expected consumer prices to rise by 0.3%. Asian markets were mixed this morning as US President Donald Trump escalated global trade tensions by threatening more tariffs on EU goods. Trump also hinted at financial repercussions if Russia rejects the Ukraine ceasefire proposal. Indian market looks set to open higher on Thursday as tamer-than-expected US CPI data led to some optimism about the Federal Reserve resuming interest rate cuts soon. Additionally, domestic industrial output and retail inflation data painted a positive picture of the economy. India’s industrial production growth accelerated at the start of the year. At the same time, consumer price inflation slowed to a seven-month low in February, raising expectations of interest rate cuts over the coming months.

U.S. benchmarks extended their losses from the previous session as concerns over tariffs continued to weigh on market sentiment. While initial optimism stemmed from Ukraine’s acceptance of a ceasefire, it was quickly overshadowed by the announcement of new tariffs on steel and aluminum imports from Canada. With this recent decline, the S&P 500 is nearing correction territory from its February high. The JOLTS job openings report revealed an increase to 7.74 million in January, up from 7.508 million in December. A rise in job openings could indicate lower unemployment, potentially boosting wage growth and consumer spending. This upward trend in spending may contribute to demand-driven inflation, reinforcing a more hawkish monetary stance by the Federal Reserve. Meanwhile, market liquidity remains a concern, as evidenced by the steady decline in open interest in U.S. Treasury futures. Despite the weak sentiment in U.S. markets, global indices remain largely unaffected. The Nikkei is trading modestly higher, supported by gains in Auto and Financial stocks. European markets are also in positive territory, bolstered by optimism surrounding the Russia-Ukraine situation. The Hang Seng experienced a volatile session initially surging due to strong performance from Auto OEMs but failing to sustain its momentum. On the domestic front, Indian equities are poised for a positive opening, as indicated by GIFT Nifty. Optimism among regional peers is expected to contribute to the upbeat start.

The U.S. equity markets suffered significant losses in their first trading session of the week as investor sentiment weakened amid growing concerns over the country’s economic outlook. The uncertainty surrounding trade policies, coupled with subdued consumer confidence, weighed heavily on the markets. All three major indices closed in deep red, with the Nasdaq experiencing the sharpest decline as investors moved to secure profits ahead of an uncertain period. Another factor contributing to the selloff was the slowdown in yen carry trade activity, as market participants withdrew funds in anticipation of a potential rate hike by the Bank of Japan (BoJ). The impact of the dwindling yen carry trade was largely felt by the tech-specific stocks. The negative sentiment spilled over into Asian markets, where both the Nikkei and Hang Seng traded lower. The Japanese market faced additional pressure from a stronger yen and a lower-than-expected Q4 GDP growth estimate. Meanwhile, the Hang Seng index struggled as concerns grew over potential reciprocal tariffs on the U.S., clouding the economic outlook for China. On the domestic front, Indian equities are expected to open on a weak note, mirroring the subdued global sentiment. This outlook is further reinforced by signals from the GIFT Nifty, which also suggests a soft start for the market. We anticipate that market weakness may persist through the trading session, with continued selling pressure from FIIs, extending from yesterday’s trend.

Asian markets traded mixed this morning, with the Hang Seng slipping into negative territory, pressured by ongoing trade war concerns. In contrast, the Nikkei rebounded strongly after a flat opening. Initially, market sentiment was subdued due to worries over a stronger yen. However, optimism gradually returned, supported by positive cues from Western markets. On Friday, U.S. indices closed higher after Federal Reserve Chair Jerome Powell reaffirmed that the labor market remains strong and inflation is on track toward the Fed’s 2% target. Meanwhile, domestic indices are expected to open on a cautious note, reflecting the mixed global trends. Market participants are likely to remain cautiously optimistic following last week’s recovery.

Wall Street indices ended higher on Wednesday as investors hoped for an easing of trade tensions between the US and major trading countries, with Trump delaying auto tariffs and considering exemptions for certain products. The Dow Jones Industrial Average rose 1.14%, the S&P 500 gained 1.12%, and the Nasdaq Composite climbed 1.46%. Following this positive close in the US markets, Asian markets also traded higher on expectations of tariff relief. Tracking gains from global markets, Indian benchmark indices are expected to open on a positive note, as indicated by the GIFT Nifty trading in positive territory. However, investor sentiments may fluctuate depending on further developments in US tariff policies and negotiations with its trading partners.  On the stock-specific front, IT services firm TCS has entered into a partnership with Vantage Towers, Europe’s second-largest telecom tower operator, to launch a digital service platform to improve the experience of property owners leasing land for telecom tower installations. This platform will streamline service processes, enhance property owner retention, and strengthen telecom site partnerships across Europe.

Wall Street indices ended lower on Tuesday after a volatile session, driven by escalating trade tensions following Trump’s new tariffs on Canada, Mexico, and China. In response, Canada and China announced retaliatory measures. The Dow Jones Industrial Average fell 1.55%, the S&P 500 lost 1.22%, and the Nasdaq Composite declined 0.35%. Asian markets traded mixed as hopes of tariff relief emerged after Trump’s announcement, which had triggered a global selloff. Following these global cues, Indian benchmark indices are expected to open on a slightly positive note, as indicated by GIFT Nifty trading in the green.  On the stock-specific front, IT solutions company Coforge Ltd signed a $1.56 billion multi-year agreement with Sabre Corporation, a leading global travel technology company, on Tuesday. This agreement aims to strengthen their long-standing partnership and accelerate Sabre’s product roadmap. Under the deal, Coforge will play a key role in enhancing product delivery and developing AI-enabled solutions, reinforcing Sabre’s commitment to innovation, speed, and scale.

Wall Street indices ended in the negative territory on Monday after President Donald Trump announced a 25% tariff on Canada and Mexico. The Dow Jones Industrial Average dropped by 1.48%, the S&P 500 declined by 1.76%, and the Nasdaq Composite fell by 2.64%. Following the downturn in the US markets, Asian equities also declined, as Trump’s decision to impose tariffs on trading partners raised concerns about a potential trade war impacting global economic growth. As a result, Indian benchmark indices are expected to open slightly lower, as indicated by the negative movement in GIFT Nifty. On the stock-specific front, IndiGrid Investment Managers Ltd announced that its wholly-owned subsidiary, IndiGrid 2 Pvt Ltd, has received a letter of intent from REC Power Development and Consultancy Ltd for an inter-state transmission project under the tariff-based competitive bidding (TBCB) framework. Construction of the project is expected to take 24 months, after which the project is expected to generate annual transmission charges of Rs. 195.2 crores.