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In March 2025, select Alternative Investment Funds (AIFs) significantly outperformed traditional benchmarks, with some delivering returns exceeding twice the Nifty50 s gain. Samvitti Capital s Alpha Fund led Category III long-only strategies with a 15.22% return.

JM Financial recommends a Buy for Tata Consultancy Services (TCS), setting a target price of Rs 4060, citing strong TCV wins of $12.2bn and improved revenue visibility. Despite a margin miss in the latest quarter, management is confident of higher growth in FY26. The brokerage has cut EPS estimates but believes valuations have limited downside, maintaining a positive outlook.

Tata Motors shares: The rally spilled over to other auto component manufacturers, with shares of Samvardhana Motherson climbing 7.2% to ₹126.73 and Sona BLW advancing 7.1% to ₹457.50 in early trade. Both firms generate part of their revenue—4% and 2%, respectively—from Mexico, a major export base for vehicles headed to the U.S.

IREDA shares: The rally comes in spite of recent volatility, with the stock falling 3% over the past five sessions. While shares have posted a modest 10% gain over the past month, IREDA remains under pressure in the longer term—down 31% over the last six months and 30% year-to-date.

Tata Power shares: Tata Power Renewable Energy, a subsidiary of Tata Power, has entered into a power purchase agreement with NTPC to provide 200 MW of firm and dispatchable renewable energy. The project is expected to be completed within 24 months, according to a filing with the stock exchange.

Copper prices experienced a surge, reaching their highest level in over a week, fueled by U.S. tariff exemptions, anticipation of Chinese stimulus measures, and a weaker dollar. The market found a base after a recent fall, attracting buying interest. China s imports of copper and copper products fell, but new bank loans rebounded, signaling potential future industrial metals demand.

Wall Street indexes initially surged following White House tariff exemptions on smartphones and computers. However, gains diminished due to economic growth concerns and potential future levies on semiconductors. While tech stocks like Apple saw gains, most megacaps reversed course. Investors are wary of the administration s temporary pauses on tariffs amid a concerning economic backdrop.

Economists believe record high dollar sales by the Reserve Bank of India (RBI) to protect the rupee s exchange rate and interest earned from large scale liquidity operations have boosted the prospects of a bumper payout, which one overseas banking group believes could be as high as Rs 3.5 lakh crore.

The uncertainty surrounding the global trade tariffs after the US slapped reciprocal tariffs on exporting countries earlier this month, the volatility index (VIX), which captures the expectations of market participants about near term volatility, across major equity markets shot up significantly.

Motilal Oswal Financial Services projects just 0.5% year-on-year earnings growth for the March quarter across its coverage universe of 18 banks, including five large lenders.