Latest Stock Market News

The US Federal Reserve is expected to maintain the federal fund rate at 4.25%-4.5% amid inflation concerns. The Fed will release its Summary of Economic Projections, providing insights into expectations for GDP growth, unemployment, and inflation. Key sectors, including IT, gold, and crude oil, may be impacted by these announcements, with eyes particularly on hawkish signals suggesting higher rates.

Ed Yardeni from Yardeni Research analyzes the weakening US stock market, with the Magnificent Seven declining by 15% since the start of the year. Other markets like Germany, China, and India are showing resilience. He suggests that global money movements and tariff impacts could influence the Fed s potential rate cuts amidst uncertain inflation prospects.

Shares of MobiKwik s parent company, One Mobikwik Systems, surged by 19% on March 19 after a 20% rally the previous day, recovering from a 52-week low earlier in the week. Despite the rebound, the stock remains significantly below its all-time high and faces persistent selling pressure.

Tata Steel shares surged 3% to Rs 159.25 amid a sector-wide rally after the DGTR proposed a 12% safeguard duty on certain steel imports. Emkay Global sees the stock at an "inflection point," citing volume growth, a potential European turnaround, and attractive valuations. The brokerage retained a ‘Buy’ rating, expecting a 7-8% CAGR in steel demand.

IndiGo shares surged 2.33% after the airline unveiled an ambitious FY30 growth roadmap. It plans to carry 118 million passengers in FY25, expand its fleet, and add 14 new destinations in FY26. The introduction of Airbus A321 XLR and aggressive international expansion strengthen its market position. IndiGo’s stock has gained nearly 52% over the past year.

JM Financial has cut Suzlon Energy’s target price to Rs 71 from Rs 80, citing execution challenges and a lower valuation multiple. Despite this, the firm sees a 29% upside. Suzlon is expanding manufacturing capacity to 4.5GW but faces hurdles like land availability and project execution risks.

Gautam Shah of Goldilocks Premium Research expresses confidence in select market sectors despite uncertainty in the Nifty s direction. He highlights opportunities in financial services, metals, power, infrastructure, and real estate, suggesting substantial gains in metal stocks over the next 6 to 12 months.

In FY25, sectors like media, energy, PSU banks, and realty are expected to perform poorly, while defence, financial services, and healthcare are projected to see gains. Media has witnessed a significant profit decline, while PSU banks, despite strong numbers, face challenges like NPAs. Positive views are held on metals, NBFCs, private banks, and technology for FY26.

The German financial services giant is looking to partner with Jio Financial Services (JFSL) after deciding to exit its 24-year-long joint venture with the Bajaj Group. Allianz is selling its 26% stake in Bajaj Allianz General Insurance Co and Bajaj Allianz Life Insurance Co to its Indian partner for $2.8 billion, potentially in multiple tranches.

India s IT sector experienced nearly a 2% decline, influenced by a significant drop in U.S. technology stocks. All major Indian IT companies saw their shares fall, with TCS and Infosys among the hardest hit. Citi Research remains cautious on the sector, citing high valuations and macroeconomic uncertainties.