Markets Today: CPI, IIP, Trump Tariffs, and IPO Updates

Inflation and Industrial Production Data
India's February Consumer Price Index (CPI) inflation data will come out today with expectations of a fall to 3.9% because of deflating vegetable prices. This is a six-month low and brings it closer to the Reserve Bank of India's target of 4%, which can lead to a repo rate cut in April. While that, January's Index of Industrial Production (IIP) is expected to increase to 3.7% year-on-year, indicating moderate industrial growth though lower than the previous year's numbers. These economic indicators are expected to impact market sentiment during the latter part of the day.
Source: Financial Express, Business Standard

Trump's Expanded Tariffs
U.S. President Donald Trump declared broad tariffs on Canadian steel and aluminum imports, increasing duties from 25% to 50%. These tariffs, effective immediately, apply to $147 billion of derivative products, such as components of heavy machinery and consumer goods. The action heightens trade tensions with Canada and will make manufacturers and consumers more expensive. Trump has also suggested integrating Canada into the U.S. as its "Fifty-First State" to settle trade disputes once and for all.
Source: Reuters, Investing.com

IPO Activity
Two SME IPOs—Super Iron Foundry and PDP Shipping & Projects—are live this week. The ₹12.65 crore issue of PDP Shipping has seen nearly 50% subscription till the second day at ₹135 per share, while Super Iron Foundry's ₹68.05 crore IPO opens today at ₹108 a share. Both seek to finance working capital requirements and corporate expansion plans.
Source: Moneycontrol, Financial Express