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Investors in pharma and auto stocks are anxious ahead of the April 2 deadline for US tariffs. Despite a 6% fall over three sessions, experts believe the panic is unfounded, maintaining confidence in the sectors long-term outlook. Trump s recent 25% tariffs on auto exports to the US, along with additional duties, have further affected market sentiment.

Markets have seen a significant recovery, driven by a reduction in interest rates and expected earnings growth. Domestic-focused companies, particularly in financial and engineering sectors, are prime investment options amidst global tariff uncertainties. Real estate may face tough times, but certain large-cap and mid-cap stocks show promise.

On Thursday, both gold and silver closed higher in the domestic and international markets. The June futures contract for gold ended at Rs 89,305 per 10 grams, marking a 1.01% increase, while the May futures contract for silver settled at Rs 1,01,313 per kilogram, rising by 1.84%.

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.

Shares of Shree Cement rose 3.6% after Nomura upgraded the stock to buy and raised the target price due to strong recovery in core markets and improved utilization. The brokerage forecasts above-industry volume growth with better realizations and lower fuel costs driving higher profitability.

Indian IT stocks, including TCS, HCL Technologies, and Infosys, fell up to 2% as investors reacted to new U.S. tariffs and awaited an inflation report. The Nifty IT index dropped 1.3%, influenced by negative trends in global markets and escalating U.S. trade tensions.

IREDA s shares rose 3% to Rs 166.75 after securing a JPY 26 billion External Commercial Borrowing (ECB) facility from SBI’s Tokyo branch, strengthening its global market presence. The five-year unsecured loan, with an estimated cost below 7%, aims to support India s renewable energy sector. IREDA s market capitalization stands at Rs 44,267 crore, with a target price of Rs 209.

Indian sovereign bond yields decreased slightly due to the government s announcement of a lower borrowing plan for the first half of the next financial year. The government intends to raise 8 trillion rupees through bond sales between April and September. Investors expect the Reserve Bank of India to lower rates further this year, potentially narrowing spreads with U.S. counterparts.

Oil prices remained high due to U.S. tariffs on countries buying Venezuelan oil and restrictions on Iranian oil trade. Brent and U.S. crude futures slightly dipped but saw weekly gains. U.S. crude stocks fell more than expected. Analysts are cautious about sustained price gains amid global trade uncertainties.

So, part of it is the valuation, but the earnings of the companies will definitely get impacted and maybe the earnings results have not yet come out and the earnings will probably take a bit of time to start showing the tariff fallout.