Latest Stock Market News

S&P 500 and Nasdaq had their worst quarters since 2022 due to concerns over Trump s economic policy and new tariffs. The S&P 500 dropped 4.6% and Nasdaq fell 10.5%. Tech stocks like Tesla and Nvidia saw major declines. Energy sector gained 9.3%. Goldman Sachs raised the recession probability to 35% amid ongoing uncertainty.

Desco Infratech s shares will debut on the BSE SME platform, with a GMP indicating a premium. The company plans to use IPO proceeds for corporate expansion, machinery, and working capital. Specializing in gas pipeline services, it has recently diversified into power, water distribution, and renewable energy projects.

Leading brokerages have shared their latest stock recommendations, highlighting potential upside opportunities across various sectors for the next 12 months.

Global markets were influenced by U.S. President Trump s upcoming tariff announcements. Stocks initially fell but later recovered. Treasury yields slightly decreased, and gold prices rose above $3,100 per ounce. Investors were cautious due to economic uncertainties. Goldman Sachs raised its U.S. recession forecast to 35% and lowered growth expectations. Key economic data releases are anticipated.

Oil prices fell slightly on Monday even after U.S. President Trump warned of secondary tariffs on buyers of Russian oil. Brent crude and U.S. West Texas Intermediate crude prices both declined. Analysts believe Trump may not follow through with his threats, which would impact global growth and demand for oil. The OPEC+ group plans to increase oil production in April.

New York Federal Reserve President John Williams believes current monetary policy is well positioned for the economy this year, despite potential inflation risks. The Fed is cautious on rate changes and is monitoring incoming data. Richmond Fed President Thomas Barkin shares concerns over tariffs impacting prices and the job market. Economic uncertainty persists amid trade policy shifts.

Goldman Sachs has raised the chance of a U.S. recession to 35% from 20% and expects more rate cuts by the Federal Reserve due to impacts of President Trump’s tariffs. The brokerage also expects the European Union to face significant economic challenges, potentially leading to a technical recession.

The dollar stayed firm as traders anticipated new tariffs from Trump this week. The Australian dollar hovered near a four-week low, with the Reserve Bank of Australia s policy decision in focus. The euro and yen showed slight movements, while the market expected the RBA to deliver a more dovish message amid uncertainty.

HBL Engineering secured five contracts worth Rs 762.56 crore from Central Railway for its Kavach system. This brings their total contract value this year to Rs 3,618 crore. Additionally, they won orders worth Rs 499.68 crore with Shivakriti International. Despite a year-to-date drop of 25%, HBL s stock surged 425% in the past two years.

Sunil Subramaniam suggests the capital markets will thrive, fueled by the Rs 1 lakh crore government giveaway bolstering mutual funds and equities. Hotels, airlines, and travel portals like MakeMyTrip are set to benefit from the travel boom spurred by tourism. Airlines face capacity shortages, but existing players and one-package travel solutions will prosper in the evolving market.