IGI Logo

Market Review

US:

Stocks surged Friday but all three major indexes still closed the week in the red. President Donald Trump’s budding trade war has sent jitters through markets that caused a volatile week on Wall Street.

Asia:

Asian shares climbed after China pledged more steps to revive consumption.

India:

Benchmark equity indices ended a holiday-shortened week lower on Thursday, with the NSE Nifty 50 extending the fall for the second day and the BSE Sensex declining for the fourth straight day. Market is expected to open on a positive note and likely to witness positive move during the day.

Global Economy:

The Chinese govt on Sunday announced that it would take steps to revive consumption by boosting people’s incomes, state media Xinhua News Agency reported, citing a statement from the State Council. Other measures included plans to stabilize the stock and real estate market and raising the country’s birth rate, the report added. In Feb 2025, French inflation dropped below 1% for the first time in four years, with the harmonized inflation rate at 0.9% year-on-year, down from 1.8% in Jan. This decrease is primarily due to a sharp drop in energy prices and slower rises in services, manufactured goods, and tobacco prices. However, food price inflation saw a slight acceleration. On a monthly basis, the EUharmonised consumer price index increased by 0.1% in Feb. In February 2025, German wholesale prices increased by 1.6% compared to the same month in the previous year, according to data released by the federal statistics office. This follows a 0.9% YoY rise in Jan 2025. Additionally, German producer prices saw a 0.5% YoY increase in January 2025. These figures indicate a modest upward trend in both wholesale and producer prices in Germany during the early months of 2025.

Commodities:

Oil prices opened about 1% higher on Monday after USA vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping. Gold firmed on Monday after touching a historic milestone last week, as geopolitical tensions, jitters about tariffs escalating trade frictions, and increased hopes of interest rate cuts from the Fed continued to fuel safe-haven demand.

Currency:

The U.S. dollar hovered close to a five-month low against its major peers on Monday, pressured by Trump’s erratic trade policies and a run of soft macroeconomic data.

Please refer disclaimer at https://www.nirmalbang.com/disclaimer.aspx
SEBI Registration number is INH00000176