Latest Stock Market News

Selling pressure in IT, auto and metal stocks weighed on D-Street.

Crude oil prices for Brent and WTI benchmarks dropped below $70 per barrel after Trump s tariff announcements sparked fears of a global trade war. This led to substantial sell-offs in commodity markets. WTI crude fell over 7%, while Brent futures dropped 6.63%. The tariffs could significantly impact U.S. economic growth and increase inflation.

HDFC Bank s gross advances for the quarter ended March 31, 2025 grew by 5.4% year-on-year to Rs 26,43,500 crore versus 25,07,800 crore reported by the lender in the year ago period.

Indian shares are expected to open lower on Thursday following U.S. President Donald Trump s imposition of a 26% reciprocal tariff on imports from India. This move is part of a broader plan to introduce a 10% baseline tariff on all trade partners, with even higher duties on several other countries, including China.

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.