BSE Smallcap, Midcap are trading flat; Trump tariffs continue to tarni….

BSE Smallcap, Midcap are trading flat; Trump tariffs continue to tarnish investor sentiments. At the beginning of the trading session on March 10, BSE Midcap and Smallcap were trading flat, with the midcap marking a subtle decline while Smallcap was slightly higher. Among the top gainers on the Midcap index were Abbott India, ACC, AB Capital and Aarti Industries, rising around in and around 0.50 percent. The market had closed on a flat note after two days of gaining session and are back to the same momentum on Monday. Last week, the Nifty extended its winning streak to three sessions, while the Sensex dipped slightly, their biggest gain in three months. Donald Trump’s fresh tariff strike, fears of a multi-front global trade war, a sliding rupee, subdued Q3 earnings, a slower-than-expected rate cut cycle, and relentless FII outflows have strengthened the bears’ grip on the market. The key focus should be on whether India’s economy can sustain a 6.5 to 7 percent growth rate, which would drive profit growth of 11 to 12 percent, advises Sunil Singhania, Founder, Abakkus Asset Manager Pvt Ltd.

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