Latest Stock Market News

The recent unfilled weekly upside gap is likely to be a bullish breakaway gap, which is normally formed at the beginning of sharp up-trended moves. The next upside target to be watched for Nifty is around 24,550 and 24,850 in next two weeks. Immediate support is at 23,500.

JSW Energy said it is working on Vision 3.0, which is likely to be unveiled in the next 2-3 months, to revise its earlier target of 20 GW installed capacity and 40 GWh storage by 2030, in view of a favourable regulatory and demand outlook.

The sharp rebound in the Indian currency, from its record low of ₹87.93 per dollar in the middle of February, gives a window for companies to hedge their positions, even as the long-term outlook for the rupee remains weak, according to currency traders and treasury heads.

The dollar weakened against its major peers with euro among the outperformers. The yen climbed to the strongest level against the greenback since September. Treasuries dropped and equity-index futures for the S&P 500 and the Nasdaq 100 retreated. Japanese stocks fell at the open.

Gold prices surged to a record high as the dollar weakened and trade war tensions escalated, fueling recession concerns and driving investors towards the safe-haven asset. The U.S. is considering tariffs on critical mineral imports, further straining global trade relations. Despite rising prices, physical gold demand remained subdued in India, while premiums held steady in China.

Oil prices experienced a roughly 1% decrease on Monday as the United States and Iran initiated discussions to establish a framework for a potential nuclear agreement, easing concerns about supply disruptions from the Middle Eastern producer. Simultaneously, tensions remain high as Russia and Ukraine exchanged accusations of violating the Easter ceasefire, further complicating the geopolitical landscape.

China s benchmark lending rates remained steady for the sixth consecutive month, aligning with market predictions. The one-year loan prime rate (LPR) is holding at 3.45%, while the five-year LPR remains at 3.95%. A recent poll indicated that the majority of market participants anticipated no changes to either rate.

Asian equities and U.S. stock futures declined amid anxieties over tariffs and President Trump s criticism of the Federal Reserve, boosting gold prices to a record high. Trump s attacks on Fed Chair Jerome Powell raised concerns about the central bank s independence. Markets were already tense due to geopolitical issues, and the potential political interference added uncertainty.

The Q4 earnings season gains momentum with Mahindra Logistics and Tata Investment among 16 companies reporting. A muted quarter is expected for corporate India, with Nifty earnings growth projected at just 2% YoY. Experts anticipate continued weakness from previous quarters, potentially leading to only 5% YoY earnings growth for Nifty in FY25.