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U.S. stocks rose on Wednesday due to lower-than-expected inflation data easing a selloff. However, gains were limited by Trump s tariff war. The S&P 500 and Nasdaq closed higher, while the Dow ended modestly lower. Tech stocks led gains. Inflation easing raised hopes for a possible Fed rate cut this year.

Gold prices increased slightly on Thursday due to ongoing tariff uncertainty and lower-than-expected U.S. inflation. This has strengthened expectations of rate cuts. Lower inflation may lead to U.S. Federal Reserve interest rate cuts. Investors await upcoming U.S. Producer Price Index data for further insights. Other precious metals like silver, platinum, and palladium also rose.

The U.S. dollar saw a slight rebound on Thursday due to a rise in Treasury yields amidst global trade tensions and recession fears. Investors remain cautious about U.S. inflation and economic activity, driven by unpredictable trade policies, with currencies trading in tight ranges and markets experiencing volatility.

U.S. inflation data for February came in below forecasts, alleviating some investor concerns and driving a rebound in the S&P 500 and Nasdaq. However, ongoing trade tensions and tariffs imposed by President Trump add economic uncertainty, impacting growth and complicating the Federal Reserve s potential response.

The widening yield spreads between corporate bonds and U.S. Treasuries signal growing investor concerns over a potential recession and a global trade war.

Oil prices dipped slightly as worries about tariff wars impacting global growth and energy demand overshadowed an unexpected decline in U.S. gasoline stocks. Trump s tariff threats and OPEC s report indicating a rise in crude output by OPEC+ influenced market sentiment. U.S. gasoline inventories fell more than anticipated, raising hopes for spring demand despite trade concerns.

Benchmark BSE Sensex dropped 72 points as IT shares retreated. Swiggy fell 1.2%, RVNL gained 0.8%, and TVS Motor declined 1.5%. Analyst Viral Chheda advises buying Swiggy above Rs 380, caution with RVNL, and a buy-on-dips strategy for TVS Motor. Investors should consider resistance and support levels for these stocks.

The Indian bond market remains resilient amid global volatility as the RBI implements liquidity measures and rate cuts, with predictions of further reductions. Key economic indicators show easing inflation, improved GDP growth, and stable demand-supply dynamics. Investors are advised to focus on long-duration bonds and gilt funds for potential gains, despite ongoing risks such as currency fluctuations and US policies.

A further correction could still be on the horizon, either through price declines or a prolonged period of time-based consolidation.

Infosys dropped 4.3%, the top loser in the IT pack, after Morgan Stanley downgraded the stock from Overweight to Equal-Weight . Other IT large caps such as TCS, LTIMindtree, HCL Technologies, and Tech Mahindra declined 1.7-3.6%. Midcap IT companies fell 2-3%.