Latest Stock Market News

Rohit Srivastava discussed market moves, noting a pullback in Nifty and Bank Nifty. Immediate support levels are seen at 23,500 for Nifty and 51,150 for Bank Nifty. Significant trends in commodities, PSUs, and financials were highlighted, with the potential resurgence of the IT sector as well.

LG Electronics’ India IPO valuation may dip to $10.5-$11.5 billion amid market slump, down from initial estimates of up to $15 billion. Despite the reduced valuation, the IPO could raise up to $1.7 billion, exceeding previous expectations. The IPO might occur as soon as May, after receiving regulatory approval.

The Indian stock market correction since October 2024 was driven by slowing GDP growth and earnings. Nifty’s post-COVID rally peaked at 26,277 in September 2024, backed by strong fundamentals. However, Q2 FY25 GDP growth fell to 5.6%, triggering a downturn. Earnings estimates for FY25 were cut from 15% to 7%, further accelerating the decline.

Japan s Nikkei share average rose 0.7%, closing at 38,027.29 due to investor optimism over potential flexibility in U.S. tariff policies. Semiconductor-related shares and the yen s softness bolstered gains, aiding companies like Tokyo Electron and SoftBank Group. Major gainers included Nintendo, Sony Group, and Fast Retailing. Market sentiment was buoyed by Wall Street s positive performance.

Zomato is expected to experience the largest cumulative inflow of $391 million, while Jio Financial is anticipated to draw $200 million in passive investment. The reshuffle, aligning with Nifty s monthly derivatives expiry, is likely to boost trading volumes as index-tracking funds adjust their portfolios.

European shares remained flat in early trading, with investors awaiting clarity on impending U.S. tariffs. Defensive sectors like healthcare and telecom weakened, although energy stocks saw a 0.8% rise due to an increase in oil prices. MFE-MediaForEurope shares rose after reports of a possible bid for ProSiebenSat.1.

ICICI Securities Probal Sen discusses the impact of potential tariffs on Venezuelan crude, India s ability to replace these imports, and the implications of public consultation on gas tariffs by PNGRB. Sen also addresses the significance for city gas distribution companies, LPG under-recoveries expectations, and Brent and WTI crude price projections.

Stock Market Crash : After a strong seven-day rally, the Indian stock market saw a decline on Wednesday as Sensex and Nifty slipped into the red due to uncertainty over US tariffs and profit booking. Rising oil prices and a stronger US dollar also contributed to market weakness.

Market recovery is expected to be gradual, with a focus on quality stocks. Infrastructure, pharma, and tourism sectors remain strong. Gold financing benefits from high prices, while auto faces mixed prospects. Investors should monitor US tariffs and diversify portfolios for long-term gains.