Domestic equity benchmarks faced a volatile session on Monday as global trade tensions outweighed local optimism. The Nifty 50 retreated from its attempts to sustain higher levels, sliding 0.76% to settle at 23,381.60. Similarly, the BSE Sensex dropped 548 points to close at 77,311.80. This downturn followed a significant escalation in US trade policy, with President Donald Trump announcing a 25% tariff on steel and aluminum imports. Market sentiment remains sensitive to the emerging India-US trade landscape. Despite the immediate pressure, the two nations have officially reached a framework for an Interim Trade Agreement (ITA). This serves as a precursor to a comprehensive Bilateral Trade Agreement (BTA). Key highlights include India's commitment to reduce tariffs on US industrial and agricultural goods, while the US has notably rolled back the 25% additional tariffs previously linked to Indian purchases of Russian oil. Titan Company remains a focal point following its Q3 results. The firm reported a robust 26% increase in revenue, reaching 17,550 crore. However, consolidated net profit saw a slight dip of 0.6% to 1,047 crore. The bottom line was pressured by inventory-related losses following adjustments to gold customs duties, leading to a margin contraction of 177 basis points. Adani Energy Solutions has successfully secured long-term financing from a consortium of Japanese banks, including MUFG and SMBC. The funding is earmarked for a 950-kilometer high-voltage direct current (HVDC) transmission corridor connecting Rajasthan and Uttar Pradesh. This 6,000 MW project is a critical component of India’s green energy evacuation backbone and is slated for completion by 2029. In the consumer sector, Marico is aggressively expanding its international footprint. The company’s subsidiary entered definitive agreements to acquire a 75% stake in the Vietnamese skincare entity Skinetiq. The deal, valued at an equity valuation of approximately 350 crore, allows Marico to tap into Vietnam’s rapidly growing digital-first beauty market. Skinetiq recently reported revenues of 152 crore with a healthy mid-twenties EBITDA margin. Technical analysts suggest that while the Nifty has previously reclaimed the 26,000 level, it currently faces a "sell-on-rise" structure. Immediate resistance is pegged at the 25,900–26,000 zone, which has transitioned from a demand area to a significant supply pocket. On the downside, 23,300 and 23,000 are viewed as crucial support floors to prevent further slides amid persistent foreign institutional investor selling.