Latest Stock Market News

Identixweb shares debut on the BSE SME platform today. The IPO proceeds of Rs 17 crore will be utilized for marketing, product development, and corporate purposes. Founded in 2017, Identixweb specializes in SaaS-based Shopify applications, enhancing online store functionality and performance, with extensive experience in the field.

Bharat Electronics Ltd (BEL) secured a Rs 593.22 crore contract from the Indian Air Force for maintaining the Akash Missile System. Adding to their robust order book, the company now has orders worth approximately Rs 5,000 crore. BEL also reported a 16% revenue increase to Rs 23,000 crore in FY25.

China s yuan hit a seven-week low after the U.S. imposed aggressive tariffs. Major Chinese stock indices fell, and the yuan depreciated despite the People s Bank of China s intervention. The new tariffs could complicate economic growth plans, adding pressure to China s economy, which was seen as an alternative to the U.S. economy.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources

Siddharth Vora, Fund Manager at PL Asset Management, says the Indian market has experienced mild to moderate corrections despite recent volatility. Macro and fundamental perspectives show improvement in GDP, PMI, GST, and valuations. With liquidity infusion and potential earnings growth, now is the time to stay focused on equities, especially cyclical sectors.

Suresh Darak, Founder of Bondbazaar, advises retail investors to invest in bonds now rather than attempting to time the market. He emphasizes the importance of capital efficiency and steady income, highlighting bonds as a balanced option between equities and fixed deposits. Darak encourages starting small to gradually experience the bond market s benefits.

On The Money Show aired on ETNow, Nisreen Mamaji, Founder of MoneyWorks Financial Services, addressed a query from Sailendra Singh, who aims to build a corpus of Rs 2 crore in 10-12 years with a 5% semi-annual SIP step-up.

Mahindra Lifespace Developers secures two housing redevelopment projects in Mumbai, valued at Rs 1,200 crore. The company, operating under multiple brands, anticipates significant revenue gains. The stock target price is Rs 599 with strong buy recommendations, despite recent declines in share performance.

Maruti Suzuki will implement a price hike of up to Rs 62,000 across various models starting April 8, 2025, due to rising input costs and operational expenses. Despite efforts to minimize impact on customers, increased costs are partially passed on. Current market performance shows an 11% decline over six months but a 41% rise over two years.