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The dollar rose in Asia on Tuesday fuelled by hopes for trade deals to avert Donald Trump s sweeping tariffs, while equities mostly rose as investors await the Federal Reserve s latest policy decision. Equities mostly rose, with Hong Kong and Shanghai leading the way as investors returned from a long weekend.

LIC strategically reshuffled its substantial equity portfolio in Q4, increasing investments in Reliance Industries, Tata Motors, and SBI. Conversely, the insurer reduced its holdings in ICICI Bank and IT giants like Infosys and TCS. This rebalancing reflects valuation adjustments, sectoral rotations, and portfolio management strategies in anticipation of FY26.s

Yes Bank share price: Yes Bank shares surged up to 8.5% after reports said Japan’s Sumitomo Mitsui Banking Corp (SMBC) is in advanced talks to acquire a significant stake from SBI. SBI, which owns 24%, may trigger a 26% open offer if the deal goes through. This could make SMBC the largest shareholder in the country’s sixth-largest private lender.

From the private perspective obviously players like a Tata Power, Adani Power should remain in focus. But again, power EPC players might also remain in focus to a large extent.

Indian benchmark indices opened flat on Tuesday, with the BSE Sensex down 69 points and the Nifty50 slipping 18 points. Gains in M&M and Bharti Airtel were offset by losses in Reliance Industries and Sun Pharma. Nifty Pharma dropped significantly as U.S. President Donald Trump signed an executive order impacting drug manufacturing.

Senores Pharmaceuticals is set to acquire Wockhardt s USFDA-approved ANDA for Topiramate tablets, a medication used for epilepsy and migraine treatment. This acquisition, valued at USD 111.47 million in the US market, will be funded from the proceeds of Senores December IPO. Despite a strong market debut, the company s shares have since experienced a decline.

JM Financial maintains a Buy call on Hexaware Technologies, revising the target price to Rs 860 from Rs 880. Despite a seasonally soft quarter, Hexaware reiterated a positive outlook for CY25, driven by deal ramps and consolidation opportunities. The brokerage lowered CY25E CC growth assumption but expects stable margins, prioritizing growth investments.

Indian markets are likely to open higher on Tuesday, tracking strong global cues. Nifty Futures closed up 0.68% at 24,567 on Monday. FPI and DII inflows remained positive. Options data suggests a trading range of 24,000–25,000. Analysts recommend buying stocks like HPCL, Shriram Finance, NBCC, and Aptech for short-term gains, with Nifty support seen at 24,200.

Axis Securities is optimistic about eight large-cap stocks. These stocks have the potential to rise up to 40%. The list includes SBI, ICICI Bank, and HDFC Bank. Shriram Finance and Bharti Airtel are also on the list. Axis Securities has provided target prices for each stock. Varun Beverages, Hero MotoCorp and DMart are also expected to give good returns.

ICICI Securities has a Hold call on Varun Beverages, maintaining a target price of Rs 500. The company s financials for Q1 2025 show a significant increase in total income and net profit. Despite positive growth prospects, the current valuation limits upside potential, leading to the Hold recommendation based on DCF valuation.