Market close flat as global tariff concerns keep investors on edge

The domestic share market indices closed slightly lower on Monday after a volatile session as gains from encouraging domestic economic data such as strong GDP numbers and higher GST collections were offset by concerns over global trade and uncertainty surrounding the Ukraine peace negotiations. At close, the Sensex was down 112.16 points or 0.15 percent at 73,085.94, and the Nifty was down 5.40 points or 0.02 percent at 22,119.30.
Bharat Electronics, Eicher Motors, Grasim Industries, BPCL and JSW Steel were among top gainers on the Nifty, while losers included Coal India, Reliance Industries, Bajaj Finserv, HDFC Bank, Bajaj Auto.On the sectoral front, media, PSU Bank and oil & gas down 0.3-1 percent, while consumer durables, IT, metal, realty up 0.5-1 percent. BSE Midcap up 0.25 percent and smallcap index down 0.7 percent.
Rupee Close:
On 3 Mar'25,the Indian rupee closed 3 paise higher at 87.34 against the US dollar on Monday amid weakness of the American currency in the overseas market and lower crude oil prices.  Forex traders reportedly stated that, investors' upbeat sentiment was restricted due to the volatile domestic equity markets and unabated withdrawal of foreign funds.
Trading Guide:
Vinod Nair, Head of Research, Geojit Financial Services reportedly quoted as saying,the market experienced a gradual recovery from its intraday low, driven by improving economic growth, a rebound in consumption expenditure, and healthy expansion in the agricultural sector, which influenced investor sentiment.With valuations approaching oversold levels, domestic indicators suggest potential for a rebound. However, the longevity of this recovery remains uncertain, contingent on easing global trade uncertainties, which currently show limited signs of improvement. Market experts recommended three shares to buy — GMR Airports, PNB, and CL Educate.

(Business Correspondent)