Latest Stock Market News

Axis Bank divested a 1.3% unitholding in National Highways Infra Trust (NHIT) for Rs 230 crore through an open market transaction. In addition, NHIT s arm received a nod from the Competition Commission of India to acquire concession rights for over 11 road projects.

Gold Price: Gold prices surged 15.4% globally and 14% domestically in FY25, marking a decade-high performance. Key drivers include falling interest rates, geopolitical tensions, and strong central bank demand. With further rate cuts expected, gold prices may continue their upward trend.

Indian Rupee: The Indian rupee ended at 85.705 per US dollar on Wednesday, gaining marginally amid dollar inflows and financial year-end positioning. Traders focus on upcoming US tariff decisions, while 85.40/$1 acts as a support level for the currency.

India bond yields: India’s 10-year bond yield dropped to a three-year low of 6.60% on Wednesday before closing at 6.62%, driven by expectations of a repo rate cut and a policy stance change in the upcoming RBI monetary policy meeting.

FIIs buying: FIIs continued buying for the fifth session, acquiring ₹2,241 crore in Indian equities, while DIIs remained net sellers. Markets fell sharply as investors awaited clarity on US tariffs, with Sensex losing 728 points and Nifty dropping 182 points.

U.S. asset manager Fidelity Investments is exploring whether to launch its own stablecoin, in the latest sign of mainstream investors looking to cash in on a revival of interest in cryptocurrencies.

Wall Street stocks saw a mixed performance as investors awaited US inflation data and digested President Donald Trump s comments on upcoming tariffs. Trump s signals suggested that the tariffs may be more targeted, alleviating concerns about a worst-case scenario amid his April 2 deadline.

JSW Energy: The brokerage reaffirmed its buy rating on JSW Energy, setting a target price of Rs 705, suggesting a potential upside of 25.4% from the stock s current value. Additionally, Motilal Oswal kept its buy rating on ACME Solar with a target of Rs 330, indicating a 73.4% upside from its current price.

In terms of inclusion, Indian Hotels is expected to witness the largest inflow at $108 million, followed by Britannia with $85 million, BPCL at $80 million, and CG Power at $60 million.