Latest Stock Market News

Mukesh Ambani-led Reliance Retail has re-launched Shein in India, sparking a fast fashion war and challenging competitors like Trent s Zudio and Nykaa Fashion. Despite potential competitive pressures, experts suggest that Shein s online-first model might face challenges in supply chain establishment and unit economics.

The Indian rupee hit a record low of 87.95 per U.S. dollar on Monday due to fears of new U.S. trade tariffs. The Reserve Bank of India likely intervened by selling dollars to prevent the rupee from falling further. President Trump announced plans to introduce 25% tariffs on steel and aluminium imports, impacting Asian currencies.

Sensex and Nifty opened lower on Monday due to global trade concerns. This follows US President Trump s announcement to impose reciprocal tariffs on several countries this week. Prime Minister Narendra Modi is preparing additional tariff cuts ahead of his meeting with Trump to boost US exports to India and possibly avoid a trade war.

Gold April futures on MCX hit a record high of Rs 85,300 per 10g amid concerns over US tariffs. Silver traded at Rs 95,413/kg. Trump plans 25% steel tariffs, raising trade war fears. Fed remains cautious on rate cuts. Gold prices in major Indian cities varied, with 24K gold in Mumbai at Rs 61,800/8g.

Goldman Sachs raised M&M s target price to Rs 3,800, citing strong tractor demand. Shares hit an all-time high of Rs 3,276.30, up 2.45%. M&M reported a 19% YoY rise in Q3FY25 profit to Rs 2,964 crore. Despite EV margin pressures, SUV and tractor demand remain strong. The stock has gained 86% in a year.

ICICI Securities has issued a buy call on Swiggy Ltd. with a target price of Rs 740. Q3FY25 financials showed a revenue increase to INR 36.0 billion, but EBITDA loss widened to Rs 7.3 billion. Food delivery and quick commerce segments saw growth, with food delivery GOV increasing by 3.4% QoQ. Promoters held a significant stake as of Dec 2024.

Amid a market downturn, several penny stocks, including East India Drums and Fone4 Communications, have delivered impressive rallies, rising over 400% in the last four months. Despite their potential for high returns, the volatility and speculative nature of these stocks necessitate careful consideration from investors.

​Let us not get into this narrative and unnecessary commentary here and there because India is largely a services exporter. So, it will just be getting this firm commitment that Trump will get the kind of support he needs wherever and he can count on India.

Hexaware Technologies’ Rs 8,750-crore IPO opens on Feb 12 at Rs 674-708 per share. Carlyle is offloading its stake, reducing its holding to 74.1%. The IPO is the largest by an Indian IT firm. Shares traded at a Rs 8 GMP. Hexaware delisted in 2020 at Rs 475. Revenue grew 12.8% in 2023.