Latest Stock Market News

Oil prices remained steady as investors weighed U.S. tariffs on Venezuelan oil and gas against potential economic impacts on global oil demand. Brent crude and U.S. West Texas Intermediate both saw slight increases. The market remains cautious amid U.S. sanctions on Iran and Venezuela, while OPEC+ plans to raise oil output amidst ongoing Ukraine peace talks.

Discussing Bank Nifty, Aditya Arora said, “I maintain very positive bias on the banking index. Maybe 51,700 is the hurdle for the Bank Nifty for the day (Monday)… but going forward, I think that uptrend has just started, the rally has just started and party has just begun.”

The hotel industry is experiencing a robust recovery with increased occupancy due to major events, a weaker rupee attracting international tourists, and rising leisure travel. Analysts predict continued growth supported by rising average room rates, improved margins, and strong Q4FY25 expectations, despite recent stock corrections.

The NSE Nifty rose 307.95 points or 1.32% to close at 23,658.35. The BSE Sensex rose 1,078.87 points or 1.4% to end at 77,984.38. Both indices are up 5.1% in the six trading sessions. "Monday s upside was due to a combination of short covering, and expectations of some relaxation or less punitive tariffs which were supposed to be implemented on April 2," said Pankaj Pandey, head of retail research at ICICI Direct.

The Sebi board meeting on Monday also approved proposals to ease the compliance burden on foreign portfolio investors (FPIs) and rules on the appointment of key personnel at stock exchanges, clearing firms and depositories.

When markets resume trading today, Power Grid, Indian Overseas Bank, IndusInd Bank, BLS International will be in focus due to various related developments.

Markets gripped by anxiety about the economic impact of an all-out trade war got relief from signs the coming wave of US tariffs is shaping up as more focused than the barrage Trump has occasionally threatened. The president twice on Monday signaled trading partners would receive possible exemptions or reductions.

The Indian rupee surged to 85.63 per dollar, erasing 2025 losses amid strong foreign inflows and exporter dollar sales. The currency gained 2.1% in March, outperforming Asian peers. Foreign portfolio investors bought $1.3 billion in stocks and bonds, supporting the rupee s appreciation.

Since March 1, 127 stocks in this list have surged over 15%. Out of them, 59 are projected to deliver returns between 10% and 80% over the next year, according to median analyst price targets compiled from LSEG.

For dollar-yen, the one-month implied vol dropped for a 10th straight session to 9.48%, the longest slump since December 2019. A similar gauge on EUR/CHF slid to 6.27%, falling for an eighth day out of nine to levels last seen in early March.