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Chakri Lokapriya advises investors to focus on domestic companies, avoid global sectors, and maintain conservative portfolios amid US tariff uncertainties. He suggests betting on PSU banks due to government capex and low valuations, while traditional retailers may benefit from reduced quick commerce discounts. The IT sector is best avoided due to potential earnings cuts.

In aggregate the valuations for the midcap are not too far away from long period averages while small caps are still away from their own mean. But as always there are differences across sectors. I do not see major froth building in a hurry and expect opportunities to be available on a bottom basis across both cohorts for investors looking at the next few quarters.

Delhivery Ecom Express acquisition: Delhivery is set to acquire rival Ecom Express in an all-cash deal worth Rs 1,407 crore, signaling major consolidation in India’s logistics sector. The deal marks an 80% drop in Ecom Express’s valuation, with key PE investors exiting. Delhivery aims to boost scale and efficiency, while the acquisition awaits regulatory approval and is expected to close within six months.

ITC shares: ITC has acquired a 43.75% stake in Ample Foods Private Limited for Rs 131 crore, strengthening its position in the fast-growing frozen and ready-to-cook food market. The deal, completed without regulatory hurdles, brings brands like Prasuma and Meatigo under ITC s umbrella, aligning with its strategy to expand its value-added foods portfolio in the Rs 10,000 crore+ segment.

Nifty IT index has experienced a trendline breakdown, indicating medium-term bearish trends. Expected to fall to 32,400, further dips could trigger more corrections. Vodafone Idea sees a potential rise if sustained above Rs 7.5; resistance for Nifty stands at 23,100.

Mazagon Dock OFS: Mazagon Dock Shipbuilders shares plunged 13% to hit an intraday low of ₹2,207.30 on the BSE on Monday, following the government s decision to exercise the oversubscription option and offload an additional 1.18% stake in the company via its ongoing offer for sale (OFS).

Zomato shares will be in focus following the resignation of Rinshul Chandra, COO of food delivery, effective April 7. The company has faced a slowdown in growth and profitability challenges in food delivery and quick commerce, compounded by other top-level departures in recent months. Analysts maintain a Buy recommendation.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources

Indian market likely to experience heavy losses on Monday due to weak global cues triggered by Trump s aggressive tariff move. Key stocks to buy include Asian Paints and Balrampur Chini Mills, while Infosys and MCX are recommended for selling by market experts.

OMCs:Crude oil prices have dropped sharply—plunging nearly $10 per barrel in a week—after the Trump administration announced new tariffs on select countries, sparking demand concerns, even though oil was not directly included in the tariff list.