Latest Stock Market News

The Indian stock market is set to consolidate amid muted global cues. Nifty futures closed 1.39% lower at 23,308, while India VIX surged 9%. Experts highlight key support and resistance levels, with options data indicating a broad trading range. Analysts recommend select stocks for short-term trading as volatility remains high ahead of crucial technical levels.

The rupee fell 23 paise to 85.73 against the US dollar on Wednesday. This weakness is due to rising crude prices and concerns over reciprocal tariffs. Traders are cautious about the impact of US tariffs on Indian goods. Forex reserves increased by USD 4.529 billion to USD 658.8 billion for the week ended March 21.

ICICI Securities recommends a buy on Karur Vysya Bank with a target of Rs 300, highlighting its strong growth, cost management, and asset quality. The bank reports notable financial improvements and a promising outlook. Key risks include slower deposits mobilisation. Promoters hold a 2.13% stake, while FIIs and DIIs own 14.79% and 38.44% respectively.

The reciprocal tariffs set by the Trump administration may significantly impact countries with high tariff differentials like India and Brazil. These tariffs could include VAT and other non-tariff barriers, potentially slowing global growth and affecting capital flows and market performances in emerging economies.

Central Bank of India’s stock dropped nearly 12% today, marking its third consecutive day of losses, after already falling over 6% in the last two trading sessions. Similarly, Punjab & Sind Bank, which had plunged 20% in the previous session, fell another 8.3% on Wednesday.

Gold and silver experienced significant volatility, initially rising in early trading but failing to sustain higher levels ahead of the U.S. trade tariff announcements. Gold prices reached a record high of $3,177 per troy ounce before seeing profit-taking as investors awaited the U.S. reciprocal trade tariff announcements on April 2nd.

US President Donald Trump s tariffs aim to restructure global trade, impacting the stock market. India s Sensex dropped 1400 points amid investor fears. Experts suggest the correction is due to profit booking and advise investors on strategies around key support levels in anticipation of market stabilization.

Bharat Electronics Ltd. (BEL) shares dropped 6% after order inflows for FY25 fell short of expectations, though the company s revenue saw a 16% increase, surpassing projections. BEL s current order book stands at Rs 71,650 crore, with strategies in place to bolster its global market presence.

India s fixed-income market is evolving, driven by the rise of embedded finance and regulatory reforms. Integrated financial services are making bonds more accessible to retail investors, promising greater financial inclusion and a diversified funding landscape. The convergence of technology and favorable regulations is shaping a robust bond market in India.