Latest Stock Market News

Sushant Bhansali, CEO of Ambit Asset Management, notes that quarter-ending adjustments and lower valuations are driving the current FII buying in Indian markets. Strong economic fundamentals and improved earnings stabilize expectations. The impact of US tariffs remains uncertain, but India is poised to benefit from strategic trade relationships. The banking sector still holds potential for growth.

Laxmi Dental’s stock, which debuted with a 27% premium, has fallen below its IPO price. Nuvama initiated coverage with a ‘buy’ rating and a Rs 570 target, citing its dominant market position, integrated portfolio, and strong growth potential.

Rajesh Bhatia attributes the market rebound to a weaker US dollar and lower US treasury yields. While largecaps may have stabilized, midcap and smallcap risks remain. His portfolio favors private banks, NBFCs, insurance, and digital commerce amid economic slowdown concerns.

The Indian stock market has rebounded over seven sessions after prior weakness. Sensex is down 10% from its peak, while the BSE Midcap index has fallen 16%. ETMarkets identified nine midcap stocks that have dropped sharply, some over 50%.

Shri Ahimsa Naturals SME IPO was fully subscribed on Day 2, with an overall subscription of 2.11 times. The company plans to raise ₹73.81 crore and list on NSE Emerge. Retail and non-institutional investors drove demand, while QIBs have yet to bid.

The Indian rupee closed slightly higher at 85.7050 against the U.S. dollar due to factors like exporter activity and dollar inflows spurred by corporate repatriation and foreign portfolio investments. Traders expect the rupee to remain stable within the 86.50-87.20 range ahead of the U.S. tariff announcement.

Nandan Chakraborty suggests that foreign investors concerns principally revolve around the rupee s stability and uncertainties in growth from consumption and capex. He emphasizes India s structural strengths and anticipates stable capital inflows and better returns in the latter half of the year.

Rohit Srivastava discussed market moves, noting a pullback in Nifty and Bank Nifty. Immediate support levels are seen at 23,500 for Nifty and 51,150 for Bank Nifty. Significant trends in commodities, PSUs, and financials were highlighted, with the potential resurgence of the IT sector as well.

LG Electronics’ India IPO valuation may dip to $10.5-$11.5 billion amid market slump, down from initial estimates of up to $15 billion. Despite the reduced valuation, the IPO could raise up to $1.7 billion, exceeding previous expectations. The IPO might occur as soon as May, after receiving regulatory approval.

The Indian stock market correction since October 2024 was driven by slowing GDP growth and earnings. Nifty’s post-COVID rally peaked at 26,277 in September 2024, backed by strong fundamentals. However, Q2 FY25 GDP growth fell to 5.6%, triggering a downturn. Earnings estimates for FY25 were cut from 15% to 7%, further accelerating the decline.