Tata Investment, a holding company with stakes across several Tata Group entities, is seen as a major indirect beneficiary of the IPO move. Market participants view the listing as a potential value-unlocking event for Tata Group’s broader financial services portfolio.

Swaminathan Aiyar highlights the escalating tension of the trade war initiated by Trump s tariffs on Canada, Mexico, and other nations, predicting retaliation. Europe, tired of Trump s actions, is ready to push back. The global geopolitical crisis and Trump s aggressive stance towards Ukraine suggest prolonged conflict and potential economic consequences for the USA.

The Nifty Bank index was trading 0.34 per cent up at 48279.7.

Indian defence stocks surged on March 3, following a global rally in European defence stocks driven by growing military spending expectations. The Indian defence sector, including companies like GRSE, Bharat Dynamics, and HAL, benefited from a broader geopolitical shift, as European leaders pledged to increase defence budgets amid uncertainties over US support, positioning India’s defence industry for sustained growth.

Leading brokerage firms have issued strong Buy recommendations for select stocks with significant upside potential. Jefferies, Nuvama, and Motilal Oswal highlight stocks such as Siemens, ACME Solar, and UltraTech Cement, forecasting returns ranging from 20% to 70% within the next 12 months.

Swaminathan Aiyar warns that the US-China trade war and global uncertainty will impact India s GDP and world trade, leading to slower economic growth. He predicts a potential severe fall in equity markets and emphasizes that India s role in this geopolitical shift is minimal, suggesting India should observe and adjust as needed.

Bitcoin and major cryptocurrencies slumped as optimism over the US Crypto Strategic Reserve faded, exacerbated by Trump’s tariff announcements. Bitcoin fell 9.8% to $83,725, Ethereum plunged 15%, and altcoins saw steep declines. Market volatility surged amid regulatory concerns and economic strain. Experts warn of further downside if Bitcoin breaks key support levels.

Brokerages issued updated recommendations on Balkrishna Industries, Varun Beverages, and Aurobindo Pharma. Balkrishna sees market share expansion, Varun Beverages is upgraded despite underperformance, and Aurobindo s Kakinada plant moves closer to profitability with the Penicillin-G boost. Recommendations indicate potential upsides for each stock.

Oyo Hotels is accelerating its IPO plans as a significant debt repayment deadline looms. Creditors demand founder Ritesh Agarwal settle $383 million of his $2.2 billion loan by year-end unless Oyo goes public this year. The startup is in talks to value the firm at up to $5 billion.