Latest Stock Market News

Ather Energy is considering reducing its IPO size by at least $50 million from the initial $400 million target amid global market volatility, sources said. Existing investors may offer fewer shares, and a valuation cut is also being explored. While the IPO is still on track, Ather may switch to a private placement if sentiment worsens.

The Indian rupee weakened against the U.S. dollar, influenced by a weaker Chinese yuan after new U.S. tariffs. Other Asian currencies also declined. Investors awaited the Reserve Bank of India s monetary policy decision, anticipating a rate cut. Increased hedging by Indian corporates and foreign investor outflows further pressured the rupee.

U.S. Treasury bonds faced significant losses. Investors sold even the safest assets. This happened amidst a global market downturn triggered by U.S. tariffs. The 10-year U.S. Treasury yield rose sharply. Hedge funds were major sellers, forced to unwind leveraged positions. Thirty-year U.S. yields also saw a substantial increase. Selling pressure was observed in Japan and Australia as well.

Amidst global recession fears fueled by US tariffs, Wall Street anticipates potential economic downturns. Experts suggest India s strong domestic focus and projected growth offer resilience. Historical data reveals past US recessions significantly impacted Indian markets, with Sensex slumping. Analysts advise investors to remain calm, diversify portfolios, and consider fundamentally strong companies during this period of uncertainty, emphasizing long-term favorable outlook.

Amnish Aggarwal of Prabhudas Lilladher anticipates a 25 bps rate cut by the RBI, citing controlled inflation and market volatility. He cautions against making fresh market bets amidst the US-China trade war, predicting continued volatility for the global economy and markets. While some Indian sectors like home textiles might benefit, increased dumping from China could pressure Indian industries.

JM Financial recommends a hold on Avenue Supermarts, setting a target price of Rs 3,880. Despite a 17% revenue increase driven by new store openings and improved revenue per square foot, front-loaded store costs and margin pressures may impact profitability. The company reported a consolidated total income of Rs 15996.

Indian IT stocks faced a sharp decline on Wednesday. This drop occurred amid a global equity sell-off. Renewed U.S.-China trade tensions triggered the market downturn. Coforge, Wipro, and other major IT firms saw significant losses. The Nifty IT index experienced a notable slide. Investors reacted to Washington s tariff confirmation on Chinese imports.

Spartan Capital Securities Peter Cardillo warns of a potential recession. This is due to prolonged trade tensions with China, Canada, and the EU. Retaliatory tariffs and a possible currency war with China are major concerns. The Federal Reserve may not intervene this time. The market is focused on trade developments and upcoming earnings guidance. All eyes are on China s response.

Market veteran Dipan Mehta warns of a potential global financial crisis akin to 2008, fueled by trade tensions and recession risks. He advises investors to prioritize capital preservation over aggressive buying, anticipating significant market volatility and a slowdown in global growth. Mehta suggests shifting to a sell-on-rise strategy and reviewing portfolios to reduce export exposure.

Gujarat Gas, Jana Small Finance Bank, and Affle (India) Ltd are key picks, offering an attractive upside potential of 19% to 34% over the next 12 months.