Latest Stock Market News

Sandeep Tandon, CIO of Quant Mutual Fund, expresses confidence in India s market recovery potential for April despite recent corrections. He points out that India is in a better position relative to other countries and predicts that investor sentiment will shift positively. He emphasizes opportunities in specific Indian sectors and suggests cautious but strategic investments in the current volatile environment.

Shares of Indian shrimp feed companies Avanti Feeds and Apex Frozen Foods fell sharply after the U.S. imposed a 26% tariff on Indian imports. The market reacted to concerns over the impact on India’s seafood export sector, as the U.S. is a major buyer of Indian shrimp.

Donald Trump’s new 26% tariff on Indian imports has raised concerns about India s economic growth and export viability. While the pharmaceutical sector is temporarily exempt, brokerages warn of potential future tariffs and a significant impact on other export areas, including autos and IT services.

Market breadth stayed positive, as small- and micro-cap stocks managed to avoid the volatility. In sharp contrast, Nasdaq futures dropped 3%, China’s Hang Seng fell 2.5%, and Japan’s Nikkei declined by nearly 3%, while India appeared to remain relatively stable amidst the global market turmoil.

Bitcoin and other major cryptocurrencies experienced a decline following the announcement of escalating U.S. tariffs, sparking fears of a global trade war and economic slowdown. Investors shifted towards traditional safe havens like gold, causing market volatility and leading to significant drops in cryptocurrency values.

The 2024-25 financial year saw Indian equity markets hit highs followed by declines due to foreign investor outflows and weaker earnings. Despite volatility, Sensex and Nifty posted over 5% gains. FY26 offers growth opportunities in sectors like banking, infrastructure, and manufacturing, but challenges persist from global trade wars and market volatility.

Rahul Sharma from JM Financial Services suggests buying on dips as Nifty is poised for 24,000 and the risk-reward is favorable at 23,200-23,300. He also indicates potential uptrends in the Nifty next 50, banking, financials, and insurance sectors.

The Indian rupee opened at 85.77/$1, weakening 27 paisa after Trump imposed 26% tariffs on Indian imports. Traders expect a range of 85.50-86/$1. The dollar index softened to 102.7, while U.S. Treasury yields fell to 4.08% amid safe-haven demand.

Concerns over a U.S. recession have intensified due to President Trump’s tariffs, including a 26% duty on Indian imports. Analysts warn of a global economic slowdown, with rising inflation and potential trade wars. India s IT sector and exports face risks, while some sectors may find opportunities. The long-term impact of these tariffs remains uncertain.