Latest Stock Market News

Amnish Aggarwal of Prabhudas Lilladher anticipates a 25 bps rate cut by the RBI, citing controlled inflation and market volatility. He cautions against making fresh market bets amidst the US-China trade war, predicting continued volatility for the global economy and markets. While some Indian sectors like home textiles might benefit, increased dumping from China could pressure Indian industries.

JM Financial recommends a hold on Avenue Supermarts, setting a target price of Rs 3,880. Despite a 17% revenue increase driven by new store openings and improved revenue per square foot, front-loaded store costs and margin pressures may impact profitability. The company reported a consolidated total income of Rs 15996.

Indian IT stocks faced a sharp decline on Wednesday. This drop occurred amid a global equity sell-off. Renewed U.S.-China trade tensions triggered the market downturn. Coforge, Wipro, and other major IT firms saw significant losses. The Nifty IT index experienced a notable slide. Investors reacted to Washington s tariff confirmation on Chinese imports.

Spartan Capital Securities Peter Cardillo warns of a potential recession. This is due to prolonged trade tensions with China, Canada, and the EU. Retaliatory tariffs and a possible currency war with China are major concerns. The Federal Reserve may not intervene this time. The market is focused on trade developments and upcoming earnings guidance. All eyes are on China s response.

Market veteran Dipan Mehta warns of a potential global financial crisis akin to 2008, fueled by trade tensions and recession risks. He advises investors to prioritize capital preservation over aggressive buying, anticipating significant market volatility and a slowdown in global growth. Mehta suggests shifting to a sell-on-rise strategy and reviewing portfolios to reduce export exposure.

Gujarat Gas, Jana Small Finance Bank, and Affle (India) Ltd are key picks, offering an attractive upside potential of 19% to 34% over the next 12 months.

Amnish Aggarwal of Prabhudas Lilladher suggests focusing on domestic-oriented sectors like consumption, private banks, hospitals, and pharma due to global uncertainties. He notes potential margin expansion for paint companies from lower crude prices and benefits for OMCs and aviation. However, concerns exist about employment impacts on the middle class and potential slowdown in mutual fund inflows if market volatility persists.

India s Volatility Index surged over 6% amid global equity selloffs and escalating trade tensions, triggered by U.S. tariffs on pharmaceutical imports and increased duties on Chinese goods. Indian pharma and metal stocks declined, while concerns about stagflation and a potential U.S. recession impacted IT stocks.

Indian stock markets, including BSE and NSE, will remain closed on Thursday, April 10, for Mahavir Jayanti 2025. All trading segments—equities, derivatives, currencies, SLB, and EGR—will be suspended. Markets will resume normal operations on Friday, April 11. Investors should also note upcoming April holidays for Ambedkar Jayanti and Good Friday, along with key holidays later in 2025.

Nilesh Shah of Kotak AMC advises investors to prioritize quality stocks and valuation amidst global uncertainties, advocating a cautious approach to deploying capital during market corrections. He anticipates opportunities arising from President Trump s actions. Shah believes the rupee s movement will mirror the Chinese currency, emphasizing the need for competitiveness and trusting the RBI to manage volatility effectively.