Latest Stock Market News

Trendlyne data shows that 8 BSE mid-cap index stocks, including PI Industries, ACC, Dixon Technologies, Crompton Greaves, and Uno Minda, have high analyst ratings and could deliver up to 55%.

Shares of Maruti Suzuki India are likely to remain in focus after the company reported record-breaking sales for March 2025 and the fiscal year 2024-25. The company achieved its highest-ever total sales of 2,234,266 units, with significant growth in both domestic sales and exports.

Shares of RITES dropped 3.2% following the mutual foreclosure of a consultancy contract with the UP State Bridge Corporation Limited due to interpretation issues. RITES stated that no financial impact occurred from the termination as work had not commenced.

The Indian stock market is set to consolidate amid muted global cues. Nifty futures closed 1.39% lower at 23,308, while India VIX surged 9%. Experts highlight key support and resistance levels, with options data indicating a broad trading range. Analysts recommend select stocks for short-term trading as volatility remains high ahead of crucial technical levels.

The rupee fell 23 paise to 85.73 against the US dollar on Wednesday. This weakness is due to rising crude prices and concerns over reciprocal tariffs. Traders are cautious about the impact of US tariffs on Indian goods. Forex reserves increased by USD 4.529 billion to USD 658.8 billion for the week ended March 21.

ICICI Securities recommends a buy on Karur Vysya Bank with a target of Rs 300, highlighting its strong growth, cost management, and asset quality. The bank reports notable financial improvements and a promising outlook. Key risks include slower deposits mobilisation. Promoters hold a 2.13% stake, while FIIs and DIIs own 14.79% and 38.44% respectively.

The reciprocal tariffs set by the Trump administration may significantly impact countries with high tariff differentials like India and Brazil. These tariffs could include VAT and other non-tariff barriers, potentially slowing global growth and affecting capital flows and market performances in emerging economies.

Central Bank of India’s stock dropped nearly 12% today, marking its third consecutive day of losses, after already falling over 6% in the last two trading sessions. Similarly, Punjab & Sind Bank, which had plunged 20% in the previous session, fell another 8.3% on Wednesday.

Gold and silver experienced significant volatility, initially rising in early trading but failing to sustain higher levels ahead of the U.S. trade tariff announcements. Gold prices reached a record high of $3,177 per troy ounce before seeing profit-taking as investors awaited the U.S. reciprocal trade tariff announcements on April 2nd.