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Seth R Freeman of GlassRatner Advisory & Capital Group, says yesterday showed some reaction to serious worries about Trump's tariff plans. It's still not clear which tariffs will be put in place immediately. He isn't starting them with China just yet. Instead, he is using the threat of tariffs to pressure Colombia into taking back Colombian migrants. There were issues with copper prices. Many commodities shipped to the US are moved around the globe first. Therefore, there is significant concern about the tariffs Did you download DeepSeek? Did you explore it? What does it mean for you? Were you able to get something which is better than ChatGTP? Seth R Freeman: Well, I was a little too busy today, but it is amazing how it is roiling the markets. Last night, my wife and I were visiting a friend who lives in Mountain View and it struck me, listening to your conversation today. In downtown Mountain View, the street is basically closed off to traffic like a mall with many restaurants and bars. Even on a Sunday evening, it was just packed with tech workers, many of whom for sure have been working on AI projects all day long.

On the BSE, Anant Raj(down 19.99 per cent), Kaynes Technology(down 19.45 per cent), AVI Polymers Ltd.(down 18.91 per cent), ABB Power(down 18.29 per cent) and KK Shah Hospitals(down 17.61 per cent) were among the stocks that plunged over 5 per cent during the session.

RailTel Corporation of India slumped 7.7% on Tuesday to Rs 336.10 on the BSE after the company reported a sequential decline in its December quarter earnings. The telecom infrastructure provider posted a 10% drop in net profit quarter-over-quarter to Rs 65 crore, down from Rs 73 crore in the September quarter. Revenue also fell 9% sequentially, standing at Rs 768 crore in the third quarter. On a year-on-year basis, RailTel reported a 5% increase in net profit, up from Rs 62 crore in the corresponding quarter of the previous financial year. Revenue from operations saw a 15% growth compared to Rs 668 crore reported in the same period a year ago.

Torrent Power Ltd.(up 1.32%) were among the top gainers.

were among the top gainers.

«Actually, the growth rates are far better in the midcap and the smallcap. So, the India story is really happening in the midcap and smallcap. Just that the enthusiasm for these companies went up dramatically,» says Rajesh Bhatia, CIO, ITI MF. Why are markets falling the way they are falling? The mid and smallcap stocks are getting smoked. I mean, everyone says that look the correction was overdue. But if that was the case, then why is everybody feeling so remorse and so painful? I mean, if everybody knew this was coming, then why there is so much of agony and pain in the world? Rajesh Bhatia: So, it always happens that way. No risk in the market comes all of a sudden. People are always aware that the risk is building up. But the market then, it climbs a wall slowly, but when it comes down, it takes like the escalator route and that is really what is happening. It is nothing unique. Even in 2008, we knew that there was a real estate bubble that is building in the United States. People were shorting real estate in 2005, 2006. When did the market actually correct? In 2008. People knew that COVID was an issue in December of 2019. It was called COVID-19 if you remember. When did the markets fall? March of 2020. So, no risk comes very suddenly.

The NSE Nifty Smallcap 250 Index was on course to enter a bear market after losing more than 3% early in Tuesday’s session. It sank 3.7% on Monday.

Domestic benchmark index NSE Nifty gained 68.35 points to 22897.5, while the BSE Sensex traded 394.58 points up at 75760.75.

Emami Ltd.(up 1.12%), Nakoda Group Of Industries Ltd.(up 1.08%), Marico Ltd.(up 0.59%), Tata Consumer Products Ltd.(up 0.39%), Dabur India Ltd.(up 0.27%), Godrej Consumer Products Ltd.(up 0.25%) and Hindustan Unilever Ltd.(up 0.10%) were among the top gainers.

Anant Raj slumped as low as 19.75% to an intraday low of Rs 536.05 on the BSE on Tuesday, January 28 amid a global sell-off being witnessed in technology stocks amid fears of the emergence of a low-cost Chinese artificial intelligence model. Anant Raj, primarily a player in the real estate market, has also diversified into data center services through its subsidiary, Anant Raj Cloud, offering secure, reliable, and scalable solutions tailored to various business needs.

Krishana Phoschem Ltd.(up 0.04%) were among the top gainers.

Federal Bank fell over 6% to Rs 178.1 in Tuesday's intraday trade on the BSE after the private sector lender reported a 5% year-on-year decline in its net profit for the third quarter ending December 30, 2024. The bank posted a net profit of Rs 955 crore, down from Rs 1,007 crore in the same period last year, despite recording its highest-ever pre-provision operating profit. The bank has made accelerated provisions of Rs 292 crore during the quarter. Total provisions also stood at Rs 292 crore after adjustment of regular provisions and provisions write-back as against Rs 91 crore made in the year ago period. Its provision coverage ratio rose to 74.21% from 71.08%.

rate cut next month. The Reserve Bank of India's (RBI) measures, expected to collectively infuse 1.5 trillion rupees ($17.39 billion) into the banking system, come after months of a cash crunch in the banking system that had pushed up overnight and short-term lending rates.

Gold prices firmed on Tuesday as focus shifted to the Federal Reserve's first meeting of 2025, while investors try to decipher how U.S. President Donald Trump's policies will impact the U.S. central bank's views on growth and inflation.

AI leader Nvidia sank 17%, and it erased about $593 billion in stock market value, the deepest ever one-day loss for a company on Wall Street, according to LSEG data. It was more than double the previous one-day record loss, set by Nvidia last September.

Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek's services. Nvidia issued a statement on Monday after its shares tumbled 17% to $118.58 on investor concerns that DeepSeek had matched rivals such as OpenAI using far fewer Nvidia chips than U.S. firms. Nvidia rival Advanced Micro Devices' shares also slid more than 6% to $115.01. «DeepSeek's work illustrates how new models can be created using that technique, leveraging widely-available models and compute that is fully export control compliant,» Nvidia said in its statement. One of DeepSeek's research papers showed that it had used about 2,000 of Nvidia's H800 chips, which were designed to comply with U.S. export controls released in 2022, rules that experts told Reuters would barely slow China's AI progress.

A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell, with chip-related shares extending Monday’s declines. That was after the S&P 500 dropped 1.5% and the Nasdaq 100 sank 3%. Nvidia Corp., the poster child of the AI boom, suffered the biggest market-cap loss for a single stock in market history.

Billionaires whose fortunes are linked to artificial intelligence were the biggest losers: Huang saw his fortune fall $20.1 billion, a 20% drop, while Oracle Corp. co-founder Larry Ellison’s $22.6 billion loss was larger in absolute terms, but represented just 12% of his fortune, according to the Bloomberg Billionaires Index. Dell Inc.’s Michael Dell lost $13 billion, and Binance Holdings Ltd. co-founder Changpeng “CZ” Zhao shaved $12.1 billion.

Tata Steel, Bajaj Auto, Cipla, ITC, Coal India among others will be in focus due to various news developments and third quarter results. Tata Steel Tata Steel on Friday reported a 36% year-on-year fall in its December quarter consolidated net profit at Rs 327 crore versus Rs 513 crore posted in the year ago period.

Nvidia shares tumbled 17% Monday, the biggest drop since March 2020, erasing $589 billion from the company’s market capitalization. That eclipsed the previous record — a 9% drop in September that wiped out about $279 billion in value — and was the biggest in US stock-market history.

DeepSeek launched a free AI assistant that it says uses less data at a fraction of the cost of incumbent services. By Monday, the assistant had overtaken U.S. rival ChatGPT in downloads from Apple's app store. This led the tech-heavy Nasdaq to fall 3.1% on Monday. Nvidia was the Nasdaq's biggest drag, with its shares tumbling just under 17% and marking a record one-day loss in market capitalization for a Wall Street stock, according to LSEG data. Nvidia's market-cap loss on Monday was more than double the previous one-day record, set by Nvidia last September.