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Trade war concerns spook Street, smids closer to bear zone

Mint Mumbai

|

February 12, 2025

Indian investors saw about ₹9.3 trillion wiped out in market wealth on Tuesday as Trump's latest tariffs, slower corporate earnings and a relentless selloff by foreign investors continued to rock the sentiment.

- Dipti Sharma & Ram Sahgal

Indian investors saw about ₹9.3 trillion wiped out in market wealth on Tuesday as Trump's latest tariffs, slower corporate earnings and a relentless selloff by foreign investors continued to rock the sentiment. Mid- and small-cap stocks took an even harder hit.

Benchmark indices fell for the fifth straight session, with the Nifty and BSE Sensex settling at two-week lows of 23,071.80 and 76,293.60 points respectively, each down 1.3%. During the day, the headline indices fell as much as 2%.

Heavyweights Reliance Industries Ltd, HDFC Bank Ltd, Larsen & Toubro Ltd, and Tata Consultancy Services Ltd weighed down the benchmarks. Among NSE sectoral indices, the Nifty Midsmall Financial Services index took the biggest hit, sliding nearly 4%, while the Nifty Midsmall Healthcare index followed with a 3.3% drop.

Provisional data shows foreign institutional investors (FIIs) offloaded ₹4,486 crore in Indian equities, while domestic institutional investors (DIIs) stepped up with net purchases of ₹4,002 crore. While FIIs have net sold ₹98,393 crore worth of shares in the cash market year-to-date, DIIs purchased ₹99,383 crore but by bidding at lower prices, causing the correction.

Trump's trade war took centre stage as he signed orders imposing 25% tariffs on steel and aluminium imports from 12 March, ignoring warnings from Europe and China. The European Union and Canada quickly vowed retaliation, sparking global investor concerns.

MEER VERHALEN VAN Mint Mumbai

Mint Mumbai

Israel to relocate Jews from northeast

Israel’s government has approved a proposal to bring all the remaining 5,800 Jews from India’s northeastern region, commonly referred to as Bnei Menashe, over the next five years.

time to read

1 min

November 26, 2025

Mint Mumbai

IndoSpace Core acquires six logistics parks for over $300 mn

IndoSpace Core, a joint venture between the Canada Pension Plan Investment Board, or CPP Investments, and IndoSpace, has acquired six industrial and logistics parks valued at over $300 million.

time to read

1 min

November 26, 2025

Mint Mumbai

Businesses mustn't wait for a global climate consensus

This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.

time to read

3 mins

November 26, 2025

Mint Mumbai

Husk Power aims to raise $400 mn

Husk Power Systems, the world’s biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue 10-fold by 2030 and prepare for an initial public offering (IPO).

time to read

1 min

November 26, 2025

Mint Mumbai

Don't make AI models but make the most of what exists

Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.

time to read

3 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

The Federal Reserve’s tool for calming short-term funding markets is being tested

The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.

time to read

3 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

Wipro to enter pet foods with ‘HappyFur’

Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.

time to read

2 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

KKR strengthens its play in Lighthouse

Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.

time to read

1 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

JioMart pulled up for uncertified walkie-talkies

India's top consumer watchdog has held Reliance JioMart guilty of misleading advertisements and unfair trade practices by allowing the sale of uncertified walkie-talkies on its platform, government officials aware of the matter said, in a first such action against an e-commerce portal.

time to read

1 mins

November 26, 2025

Mint Mumbai

Mint Mumbai

Old medical history vs current claims: What do Irdai rules say?

My insurer has rejected my claim for acute motor axonal polyneuropathy, citing nondisclosure of resolved 2008 ankylosing spondylitis diagnosis. As it was fully cleared, I didn’t consider it relevant when buying the policy. Can insurers deny the claim on this basis, and what do Irdai rules say?

time to read

2 mins

November 26, 2025

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