Latest Stock Market News

Thursday s market plunge reflects investor anxiety over President Trump s significant global tariffs, resulting in declines for U.S. stocks, the dollar, and oil. Analysts forecast reduced U.S. growth and heightened recession risks, with China s potential currency devaluation in response being closely monitored. Economic and market uncertainty is expected to persist.

Bank of Japan Deputy Governor Shinichi Uchida stated that the central bank will keep raising interest rates if underlying inflation approaches its 2% target, despite potential risks from higher U.S. tariffs. Uchida noted that U.S. tariffs could impact global and Japanese economies, affecting trade, business confidence, and financial markets.

Japan s Nikkei share average tumbled by 1.7% following significant losses on Wall Street, as concerns arose over U.S. President Trump s tariffs potentially leading to a global economic recession. The broader Topix index also declined by nearly 2%, with the banking sector experiencing the worst performance.

Eight OPEC+ countries have agreed to increase oil output by 411,000 barrels per day in May, surpassing their initial plan. This decision aims to improve compliance among members and comes amid concerns over potential disruption to Iranian supply as U.S. President Trump ramps up pressure on Tehran.

Federal Reserve Governor Lisa Cook said that the central bank will maintain its current interest rate because of the uncertain economic environment. She expressed concerns over rising inflation due to tariffs and anticipated slower growth. Cook also highlighted the risks tariffs could pose for inflation and growth, and the challenge for monetary policy.

Infonative Solutions IPO received strong interest, being oversubscribed over 4 times. The company aims to raise Rs 25 crore for developing new products and general corporate purposes. The allotment status can be checked on BSE and Kfin Technologies websites. The shares are set to list at a Rs 5 premium.

Spinaroo Commercial s IPO saw a modest response with slight oversubscription. The company will finalize share allotment today, with investors able to check the status via BSE or registrar s websites. The IPO aims to raise Rs 10 crore by offering shares at Rs 51 apiece, with the listing set for April 8.

HDFC Bank reported a 5.4% year-on-year growth in gross advances and a 14.1% rise in deposits for Q4FY25. Retail loans increased by 9%, while average deposits saw a 15.8% jump. The corporate & other wholesale loans declined by around 3.6% over March 2024.

Mazagon Dock Shipbuilders will see a government stake sale of up to 4.83% through an Offer for Sale from April 4-7. The floor price is set at Rs 2,525 per share. Institutional investors can bid from April 4, while retail investors and employees can bid on April 7. The proceeds will help the government comply with public shareholding rules.

Bajaj Finance reported strong Q4 FY25 results with a 26% year-on-year rise in assets under management. The company s customer base expanded to 101.82 million, adding 4.70 million new customers. Additionally, Bajaj Finance is under scrutiny by the RBI over compliance gaps in its co-branded credit card business.