Latest Stock Market News

Gautam Trivedi of Nepean Capital discusses the recent market correction, attributing it to necessary adjustments and highlighting value in power, real estate, and travel sectors. He expresses caution regarding the IT sector s future due to AI s potential impact and anticipates significant power demand growth.

Ajay Bagga asserts that sectors such as gems, jewellery, electronics, and pharma could be hit by Trump s tariffs, affecting $80 billion in annual exports to the US. He believes the market will bottom out by June, with price levels stabilizing around 21,800. Key opportunities lie in the defense sector and private financials.

As of 10:36 am IST, Bitcoin was up 3.25% at $85,659, while Ethereum gained nearly 4.5% to reach $2,020. The global crypto market cap rose 3.4% to $2.81 trillion in the past 24 hours.

IndiGo shares surged 7.9% in two days, reaching an all-time high after unveiling its FY30 roadmap. The airline plans to expand routes, enhance international operations, and introduce Airbus A321 XLR. Analysts have mixed views, with targets ranging from Rs 4,660 to Rs 5,700.

ICICI Securities has a buy recommendation on Grasim Industries with a target price of Rs 3,093. Currently priced at Rs 2450.55, Grasim s revenue and profits have shown substantial growth. The company aims to capture a significant market share in the paint segment, with expected revenues of Rs 100 billion by FY28. Promoters hold a 43.11% stake.

Shares of major Indian IT companies, which generate a significant portion of their revenue in U.S. dollars, rose on Thursday. Mphasis Ltd, Coforge, Wipro, Infosys, and LTIMindtree saw gains ranging from 2.2% to 3.2%. Wipro s shares also climbed after the company launched its new Agentic AI services, developed in collaboration with Nvidia AI and Wega Studio.

Market expert Hemang Jani discusses a strong market foundation with significant participation from midcap stocks, banks, and financial sectors. Promising sectors include capital goods like Kirloskar and Cummins. Adani Group s entry into the wire segment and DMart s investment in e-commerce are also highlighted.

The market s bullish response was fueled by relief, as Fed Chair Jerome Powell downplayed inflation concerns, emphasizing that tariff-driven price hikes are expected to be temporary, despite the ongoing risks posed by tariffs.

NCC share price rose 6% after receiving a Rs 2,129.60 crore infrastructure contract from APCRDA for work in Amaravati. The project, classified as a Major Order , will be executed over five years. Despite a recent profit decline, the stock targets an upside of 47%.

Gold and silver exhibited significant price volatility in the early trading session but were unable to sustain their gains ahead of the FOMC meeting outcomes. However, the U.S. Federal Reserve kept key interest rates unchanged in the range of 4.25%-4.50%, in line with market expectations, and maintained its forward guidance on interest rates.