Latest Stock Market News

NBCC shares: NBCC has secured new work orders worth around Rs 120.90 crore in its regular business activities. The company has been awarded three major projects.

Indian benchmark indices Nifty50 and Sensex initiated Wednesday on a downturn, mirroring a global sell-off fueled by escalating trade tensions. Investors are keenly awaiting the Reserve Bank of India s policy decision, with expectations of a potential interest rate cut. Wall Street s overnight tumble, triggered by U.S. tariff confirmations on Chinese imports, further contributed to market unease.

HDFC Securities suggests buying Century Plyboards shares, targeting Rs 1,005. The current market price is Rs 677.3. In Q3 2024, Century Plyboards reported a consolidated total income of Rs 1142.80 crore. This shows a decrease from the previous quarter but an increase from the previous year. HDFC Securities anticipates volume growth across key segments.

​If you cut trade, tariffs does not help rather. It is very regressive. It reduces the standard of living. So, we do not want that. So, what is going to happen is these negotiations are very good, very constructive and you are seeing that in the stock market, there is hope that this will lead to something very well done, very constructive.

Amidst tariff concerns, Dalal Street faces a bigger challenge: weak corporate earnings. Q4 results are expected to show minimal growth, continuing the trend from previous quarters. While some sectors like metals and healthcare may perform well, banking and financial services could see declines. Uncertainty looms over FY26 earnings growth due to global economic factors.

ICICI Securities has initiated coverage on Adani Green Energy with a buy call, setting a target price of Rs 1,150, significantly higher than the current market price of Rs 881.95. This recommendation is based on India s projected need for substantial renewable energy capacity additions to meet carbon emission goals, estimating roughly 48-50GW of renewables capacity per annum till FY32.

Ather Energy is considering reducing its IPO size by at least $50 million from the initial $400 million target amid global market volatility, sources said. Existing investors may offer fewer shares, and a valuation cut is also being explored. While the IPO is still on track, Ather may switch to a private placement if sentiment worsens.

The Indian rupee weakened against the U.S. dollar, influenced by a weaker Chinese yuan after new U.S. tariffs. Other Asian currencies also declined. Investors awaited the Reserve Bank of India s monetary policy decision, anticipating a rate cut. Increased hedging by Indian corporates and foreign investor outflows further pressured the rupee.

U.S. Treasury bonds faced significant losses. Investors sold even the safest assets. This happened amidst a global market downturn triggered by U.S. tariffs. The 10-year U.S. Treasury yield rose sharply. Hedge funds were major sellers, forced to unwind leveraged positions. Thirty-year U.S. yields also saw a substantial increase. Selling pressure was observed in Japan and Australia as well.

Amidst global recession fears fueled by US tariffs, Wall Street anticipates potential economic downturns. Experts suggest India s strong domestic focus and projected growth offer resilience. Historical data reveals past US recessions significantly impacted Indian markets, with Sensex slumping. Analysts advise investors to remain calm, diversify portfolios, and consider fundamentally strong companies during this period of uncertainty, emphasizing long-term favorable outlook.