Latest Stock Market News

Peter McGuire advises focusing on gold in the short run as a safe haven due to its strong rally and the stable US dollar. Despite a broad selloff in commodities, especially oil and industrial metals, gold remains a good investment for the next couple of weeks, particularly with Asia s strong demand for physical gold.

Anshul Saigal discusses the potential shift in market dynamics, highlighting the underperformance of the real economy compared to tech. He emphasizes the upcoming opportunities in sectors like banking, textiles, value retail, capital goods, and CDMO, driven by macroeconomic changes and the evolving tariff situation.

Stock Market Crash Today: Indian stock markets experienced a sharp drop as renewed recession fears and President Trump s new tariff announcements sparked a global selloff. The Sensex fell 836 points, with broad-based selling pulling down sectoral indices including metal, pharma, and IT. Investor sentiment was affected by potential tariffs targeting the pharma sector and heightened global uncertainty.

Goldman Sachs remains confident in Zomato, maintaining a buy rating with a target price of Rs 310 despite recent stock declines and concerns about Blinkit. They argue that the quick commerce arm s issues are overblown, and Zomato s food delivery business is undervalued. Last week, Goldman acquired 60.07 lakh Zomato shares worth Rs 281 crore.

UBS has upgraded Bank of Baroda to a Buy rating due to stable outlook and attractive valuations, raising the target price to Rs 290. Loan growth is projected at 12% from FY25 to FY27, with NIM compression expected to remain modest, offering a favorable risk-reward scenario.

The United States has imposed a 26% tariff on Indian exports as a countermeasure to India s own barriers on American goods. This move impacts key sectors differently, with pharmaceuticals exempted while electronics and gems are heavily affected. The strategic realignment could benefit India s textiles and footwear industries.

RIL stock update (04-04-2025): Today, RIL shares opened at Rs 1241.1, reaching an intraday high of Rs 1245.45 and a low of Rs 1193.75. The stock has a 52-week high of Rs 1608.8 and a low of Rs 1156.0. The previous day s closing price was Rs 1248.7, with 11,137,538 shares traded by 12:04 PM (IST).

Emkay Global warns that the Nifty could fall to 21,500 in the next three months amid escalating U.S. recession fears and second-order effects from Trump s 26% tariff plan. While India may avoid direct impact, falling global demand and earnings downgrades, especially in tech and metals, could weigh on valuations and trigger a deeper market correction in Q1FY26.

Maneesh Dangi provides insights into current market turmoil, attributing it to US strategies aimed at weakening the dollar. He explains how this affects gold prices, equities, and bonds. Dangi suggests that India may benefit from these shifts, despite short-term uncertainties, and predicts bonds to outperform equities in the near term.

Mahesh Patil of ABSL AMC believes the impact of US tariffs on India will be limited, causing a slight decline in certain sectors like IT and pharma. He suggests using market dips as buying opportunities and emphasizes the importance of diversification, with a focus on domestic-oriented sectors and cyclical sectors such as banking, financial services, and consumer-oriented companies.