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The BSE Sensex closed up 740 points yesterday, snapping a 10-day slide, fueled by value buying in utilities and power stocks. Nifty 50 held above 22,300, with Gift Nifty signaling a flat-to-positive open today at 22,467. Across the Atlantic, U.S. markets brace for volatility as tariff talks dominate headlines (more below).

Bharat Forge surged 3% after announcing a partnership with Taiwan’s Compal Electronics, hinting at a pivot into high-growth tech sectors. Meanwhile, Deutsche Bank shares eye their biggest two-day gain since 2011, riding a wave of European banking optimism. Nvidia, however, remains under pressure—technicians warn of weakening momentum as its 200-day trendline flattens.

Key Business Updates

• Trade Winds Shift: Trump’s latest tariff rhetoric—floating exemptions for Canada and Latam—sent TSX and regional markets rallying on March 5. Sources whisper the U.S. is eyeing zero tariffs on cars in an India trade deal, potentially paving the way for Tesla’s long-awaited entry. Rumor Alert: Insiders suggest Elon Musk’s team is quietly lobbying New Delhi for tax breaks, though no confirmation has surfaced.
• Corporate Moves: Goldman Sachs offloaded Rs 17 crore worth of TeamLease Services shares in a block deal, while Motilal Oswal Alternates snapped up a majority stake in Mega Fine Pharma for Rs 460 crore. Market chatter hints at more smallcap consolidation as funds reposition for Q2.
• China Watch: Hon Hai Precision (Foxconn) reported a 25% revenue jump in early 2025, tied to booming AI computing demand. Could this signal a broader tech supply chain rebound?

Economic Pulse

• Services Surge: India’s HSBC Services PMI climbed to 59.0 in February from a 26-month low of 56.5, signaling robust expansion. Analysts see this as a buffer against global trade turbulence.
• Dollar Drama: The USD took a beating as Trump’s trade war threats clashed with German bond yields spiking on a rumored “bazooka” stimulus package. Forex traders are on edge—watch for central bank moves.

Stock Trends & Technicals

• Power Play: Indian power stocks like NTPC and Tata Power are in focus as the country braces for a hot summer. Technicals suggest upside potential if demand forecasts hold.
• Tesla Slump: Sales in Germany tanked in February, mirroring Europe-wide EV softness. Is the hype fading, or is this a buying dip? Buzz: Word suggests Tesla’s Berlin Gigafactory may delay expansion amid regulatory snags—unconfirmed but worth watching.

Rumors & Whispers

Trump’s camp reportedly named cryptocurrencies for a strategic reserve, spiking prices on March 5. Skeptics call it political posturing, but the market’s listening.

Canada’s move to curb foreign bids amid “trade turmoil” has Bay Street buzzing. Is a bigger protectionist wave brewing?

A German court cleared EY of Wirecard lawsuit damages, but whispers persist of a shadow probe into other auditors. No hard evidence yet—stay tuned.

What to Watch

• Today: U.S. jobless claims and ECB rate commentary could sway sentiment.
• Tomorrow: China’s trade data drop may clarify export trends amid tariff noise.

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