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Almost a dozen venture-backed startups are in different stages of going public in the current financial year. These include Bluestone, Ather Energy, PhysicsWallah, Shadowfax, Zepto, Captain Fresh, Groww, Lenskart, Meesho, OfBusiness, Urban Company and Boat. Bluestone, Ather Energy, Boat and PhysicsWallah have already filed their draft papers with the stock market regulator.

According to a report by Prabhudas Lilladher Capital, India exported $2.6 billion of automobiles and ancillaries to the US in FY24. The export of ancillaries at $2.1 billion was 80% of the category export to the US. A report by Crisil highlighted that the US forms a significant 28% of the auto component exports from India.

While the VIX is at the highest level in 10 months since the general elections in June, the fear gauge had previously shot up around 64% in August 2015 during the global market turmoil.

It expects investors to see through the short-term volatility and properly appreciate the country s robust macro-economic fundamentals, especially better medium-term growth prospects, compared to other major economies, he told ET.

Stocks in China and Hong Kong plunged 7.3% and 13.2%, respectively, as Beijing announced tariff retaliation. Japan tumbled 7.8%, South Korea dropped 5.6% and Taiwan slumped nearly 10%. China and Hong Kong had resumed trading on Monday after a holiday.

Shares in Japan and Australia advanced along with equity-index futures for the S&P 500 and the Nasdaq 100, both gaining more than 1%. Contracts for Hong Kong pointed to losses after a gauge of US-listed Chinese shares fell more than 5% after Trump threatened to slap additional 50% tariffs on China. Treasuries yields and the dollar were steady early Tuesday.

Indian markets experienced a significant downturn, plummeting nearly 3% due to negative global cues. Tata Motors faces challenges with flat Jaguar Land Rover volumes, while Titan reported a robust 25% Q4 growth. BEL secured a substantial Rs 2,210 crore order, and Adani Ports commenced operations at the Colombo West International Terminal.

The S&P 500 and Dow closed lower after a volatile session driven by concerns over economic slowdown and rising inflation, exacerbated by President Trump s tariff policies. Wall Street experienced record trading volume as major indexes initially plummeted to yearly lows before a brief rally on tariff pause rumors, which were later denied.

Gold prices experienced a slight increase on Tuesday, rebounding from a near four-week low, driven by escalating concerns surrounding the global trade war. President Trump s tariff threats against China and the EU s proposed counter-tariffs heightened demand for safe-haven assets like gold. Investors are closely watching the U.S.