Latest Stock Market News

Japan s Nikkei share average rose 0.5% to close at 37,780.54, snapping a three-day losing streak, largely due to optimism over potentially less severe U.S. tariffs. Despite early gains, ongoing uncertainty limited the rally. Significant contributors included Toyota Motor and Fast Retailing, while Nexon saw a 9% increase.

UBS upgraded UltraTech Cement and Ambuja Cement to "buy" from "neutral" and "sell," respectively, and also raised Dalmia Bharat to "buy" from "sell." The brokerage firm anticipates that structural cost reductions and sector consolidation will drive a multi-year earnings upcycle.

Anshul Saigal of Saigal Capital emphasizes the importance of investing in companies with favorable risk-reward opportunities and reasonable valuations for long-term gains. He recommends focusing on power and consumer discretionary sectors, predicting significant future potential. Saigal also highlights opportunities in specific stocks like Kotak Bank and advises caution in the wires and cables sector due to rising competition.

Matt Orton of Raymond James Investment suggests fears of a US recession due to tariffs are exaggerated. He believes the rally in India is sustainable, with potential benefits from quickly negotiated tariffs. Investors should look for high-quality opportunities after April 2nd. China may face tougher tariffs, but this could lead to beneficial negotiations.

India s IT sector gained nearly 2% on Tuesday, driven by overnight U.S. tech stock gains and global market relief following U.S. President Trump s flexibility on planned tariffs. Major Indian IT companies, which earn a significant portion of their revenue in U.S. dollars, saw gains, with L&T Technology Services, Coforge, and Mphasis rising up to 2%, while others also reported solid increases.

Axis Securities has upgraded Coal India to Buy with a target price of Rs 449. The company s stock is expected to reach the target within 3-4 weeks. Coal India showed significant growth in the last quarter with a 17.85% increase in total income and a net profit of Rs 8420.23 crore. Promoters hold a 63.13% stake in the company.

SG Finserve shares surged 20% to Rs 432.6 on Tuesday after veteran investor Madhusudan Murlidhar Kela acquired a 1.7% stake in a bulk deal. Meanwhile, Dinesh Pareekh sold a 0.53% stake. Additionally, ace investor Ashish Kacholia held a 1.14% stake in the company as of December 2024. The stock s rally reflects investor confidence in the company.

The Nifty Pharma index was trading 0.79 per cent down at 21599.05.

The recent increase in the threshold limit for FPI disclosure from 25,000 to 50,000 crores is significant. This change enhances market surprise elements and simplifies SEBI s paperwork, potentially attracting diverse and smaller foreign investors while improving India s international market perception.

Ola Electric Mobility shares will be in focus after the company settled its dues with Rosmerta Group, leading to the withdrawal of petitions filed before the National Company Law Tribunal (NCLT), Bengaluru. Ola Electric confirmed the settlement between its subsidiary, Ola Electric Technologies, and Rosmerta Group, resulting in the withdrawal of the legal petitions, according to an exchange filing.