Latest Stock Market News

Japan s Nikkei share average fell to a five-month low, closing 2.88% lower, mainly due to sharp declines in chip-related stocks following Nvidia s slump. Advantest, a supplier to Nvidia, dropped nearly 9%, contributing significantly to the fall. The broader Topix index also declined 1.98%, reflecting mixed performances among Japanese chip-related stocks.

Indian stock broker Angel One on Friday said some of its Amazon Web Services (AWS) resources were compromised and that it has hired an external forensic partner to investigate the impact.

Nifty has support around 22,200 and banking index support is near 47,800. The market shows significant corrections with FIIs lacking buying interest. Coal India and ONGC are suggested buys, while IndusInd Bank is recommended for selling. Overall, caution and selectivity are advised.

Tata Motors share price: Despite the significant drop, some analysts find value in Tata Motors at current levels. CLSA recently upgraded the stock to a ‘high conviction outperform’ rating, citing attractive valuations and potential for a cyclical recovery. The brokerage has set a target price of Rs 930, suggesting nearly 40% upside from current levels.

A sharp decline in IT and financial stocks, coupled with renewed global trade war concerns and sustained foreign investor outflows, dragged the benchmark indices down by over 1%. The Nifty 50 tumbled 1.2% to 22,271.40, while the BSE Sensex sank over 1,000 points, or 1.34%, to 73,602 in early trade.

Devender Singhal of Kotak Mahindra AMC suggests that while the Nifty has seen a 15% correction, valuations for large-cap stocks are attractive. He advises long-term investors to consider re-entering the market, focusing on large-cap stocks. He is optimistic about financials and consumption sectors, but notes global market disturbances, particularly from the US, could cause short-term volatility.

Equity markets in Asia plunged as concerns over a potential global trade war heightened, with technology shares hit hard, including Nvidia. The U.S. dollar strengthened, affecting commodities. The yen and Swiss franc gained, while U.S. Treasury yields dropped. Investors braced for economic impact from new U.S. tariffs, and Bitcoin and gold prices dipped.