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Below the Quote on Daily Market Commentary by Mr. Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd.

After being in the green for most part of the trading session today, Nifty ended marginally lower by 6 points at 22,548 on the back of mixed global cues. Renewed concerns over U.S. trade policies weighed on global markets, with President Donald Trump reaffirming 25% tariffs on Canada and Mexico to be implemented from March’25. He also announced fresh restrictions on Chinese investments in strategic sectors like tech and infrastructure. Selling continued in the broader market with Nifty Midcap and Smallcap indices losing between 0.4-0.6%, as investor sentiment remained cautious. Among sectors, Metals, Realty, Oil & Gas were under pressure, falling over 1% each. The IT index declined 0.8%, extending losses from the previous session due to concerns over slowing U.S. growth and an overnight decline of over 1% in the tech-heavy Nasdaq Composite index. However, Auto, FMCG and consumer durable indices extended some support, limiting the market downside. PSU Bank stocks were in focus following reports that the government is considering a stake sale in some of the public sector banks and financial institutions. Some of the Tata group companies gained momentum after Tata Capital board approved plans for an IPO including an offer for sale (OFS) for existing stakeholders. Amidst global uncertainty and persistent FII selling, we expect market to remain subdued until there is clarity/stability with regards to Trump’s tariff policies and its implementation. Indian market will be closed tomorrow (Wednesday) on account of Maha Shivratri.

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