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Indian markets ended strong on Wednesday before Trump s reciprocal tariffs. Buying was seen in banks, IT, and auto stocks. Nifty found support at 50 EMA, with technical indicators hinting at a short-term recovery and potential rally toward 23,800.

Adani Ports reported a 9% YoY rise in March cargo volume to 41.5 MMT, marking its highest ever. Mundra Port became the first Indian port to cross 200 MMT annual cargo volume, while container and liquids & gas volumes surged.

Investors across the spectrum have renewed their interest in India s microfinance space, displaying confidence in the sector s turnaround ability from the recent setbacks.

The global trade war and ensuing US tariff hike may disrupt supply chains and raise inflation, potentially reducing bank profits in India by up to 25 basis points by FY26. Indian banks face increased competition for deposits, while large NBFCs see upgrades due to equity infusions and strong asset quality.

Financiers are focusing more on higher-ticket loans (₹50,000 and above) due to increasing delinquencies and borrower stress in lower-ticket segments. Loan disbursals fell 35% in value and 42% in volume in Q4, with rising delinquencies and borrower overleverage contributing to the decline.

Greenko Energy Holdings founders, Anil Chalamalasetty and Mahesh Kolli, raised an $800-million private credit loan to buy Orix Group s 20% stake in the company. The loan, arranged by Temasek-backed Clifford Capital and BlackRock, was syndicated by Deutsche Bank and Barclays.

The Nasdaq Composite index, which had surged approximately 84.5% over the previous two years, declined by 10.42%, marking the highest drop since June 2022.

Marico shares have risen 8% in a month, buoyed by expansion into high-growth segments like value-added foods and premium personal care. With strong volume growth and stable pricing, Marico anticipates double-digit revenue growth by FY26. Core brands and the international portfolio remain robust contributors.

Trump’s deliberations over his plans to impose reciprocal tariffs are coming down to the wire, with his team said to be still finalizing the size and scope of the new levies he is slated to unveil. That unpredictability has shaken markets, prompted economists to cut their growth forecasts and forced central bankers to factor in the potential inflationary impact of import costs.

Tata Consumer received an assessment order of Rs 262 crore for FY22 disallowances. The company says that the demand is not maintainable and co will appeal against the order.