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U.S. stocks faced a broad selloff on Thursday due to tariff concerns and Walmart s disappointing fiscal forecast. The Dow experienced the biggest decline while the S&P 500 and Nasdaq also fell. Gold prices hit a record high, indicating the investors shift towards safer assets amid economic uncertainties.

Gold prices remain steady, poised for an eighth consecutive weekly gain due to concerns over U.S. President Trump s tariff plans that could incite trade wars and fuel inflation. Spot gold reached an all-time high of $2,954.69 on Thursday. U.S. Federal Reserve officials are noting rising inflation risks linked to Trump s policies.

The yen rose to its highest level in 2-1/2 months due to a surge in Japanese inflation. The dollar weakened as Trump s tariff threats remained mostly rhetoric. The euro steadied ahead of the German elections, while evidence of rising Japanese inflation bolstered the case for higher rates. Sterling also reached its highest since mid-December.

Oil prices rose on Friday, heading for a weekly gain due to falling inventories of U.S. gasoline and distillate indicating strong demand. Concerns over supply disruptions in Russia and reduced Caspian Pipeline Consortium oil flows also contributed to the price increase, despite higher oil volumes from Kazakhstan.

Sensex and Nifty declined amid fresh tariff threats and weak Asian markets. Focused stocks included Just Dial, Adani Enterprises, and JBM Auto with distinct movements. Analysts suggest buying these stocks at dips for long-term gains, with specific target levels and stop loss points.

Beezaasan Explotech is launching its Rs 60 crore SME IPO to be listed on the BSE SME platform, offering 32.24 lakh fresh equity shares at a price band of Rs 165-175. The IPO, open from February 25 to investors, targets various industries like construction and metal mining with its explosive products.

The two MD roles would have fallen vacant in June this year. After interviewing eight candidates, the bureau selected Pant and Patnaik based on their strong interview performance and extensive experience, said a notification on its website.

The committee is expected to submit its report within three months. Based on its recommendations, the IRDAI will forward proposals to the finance ministry, while the Department of Financial Services will draft a new bill for stakeholder feedback.

At the Commodity Derivatives Advisory Committee (CDAC) meeting chaired by Sebi chief Madhabi Puri Buch early this week, stock exchanges were directed to submit proposals aligned with contract specifications agreed upon by the market regulator Sebi and Central Electricity Regulatory Commission (CERC), said people aware of the development.

In a parallel development, the RBI did not accept bids for the 91-day and 182-day treasury bills at an auction held on Thursday. However, it accepted ₹7,000 crore worth of bids for the 360-day auction at 6.5638%.