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European shares rise after four-day pullback

Updated at : 2025-04-08 15:25:02

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European shares bounced off 14-month lows in early trading on Tuesday after four straight sessions of heavy selling, although investors mood remained sensitive to tariff-related developments.

Prashant Jain of 3P Investment Managers anticipates a decrease in FII selling, potentially leading to buying, as the US market underperforms and investors rebalance towards India s strong economic growth. He suggests Nifty could yield reasonable returns, while cautioning against small and midcaps. India s low correlation with global GDP and focus on domestic consumption position it favorably amidst global economic uncertainties.

Chennai Super Kings on-field dominance in the IPL has translated to significant financial gains, including a surge in its unlisted market value. The franchise s stock has risen substantially, driven by consistent playoff appearances, title wins, and robust financial growth, with a notable increase in PAT and central pool income.

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Japan s Nikkei index rebounded sharply, closing 6% higher after hitting a 1.5-year low, fueled by Wall Street s recovery signals and investor bargain hunting. The surge, the largest since August, saw broad gains across all sectors, particularly in technology and banking. While Prime Minister Ishiba voiced concerns over U.S.

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Goldman Sachs has warned that Brent crude could drop below $40 a barrel by late 2026 under extreme scenarios involving a global GDP slowdown and a full unwinding of OPEC+ cuts. While this isn t the bank’s base-case view—Brent is projected at $55 next December—it highlights downside risks amid trade war tensions and rising global supply.

Delhivery shares fell 8% after announcing a Rs 1,407 crore all-cash acquisition of rival Ecom Express—one of India’s biggest logistics consolidation deals. The steep drop in Ecom’s valuation signals sector-wide strain. While analysts see long-term strategic benefits and market dominance ahead, near-term earnings impact remains limited. Brokerages Emkay and JM Financial maintain a ‘Buy’ with upbeat targets.

Dalio stated that the economic system is under pressure due to mounting debt, increasing inequality, and diminishing trust between nations, especially between debtor countries like the U.S. and creditor nations like China.

Morgan Stanley s Upasana Chachra anticipates a likely 25 bps rate cut by the RBI, followed by another in June, contingent on growth trajectory. Escalating global risks, particularly US tariffs, pose downside risks to India s GDP, potentially impacting business confidence and investment. While direct trade exposure appears limited, indirect effects via global slowdown are concerning.

Wall Street veteran Jim Cramer warned that the U.S. may be heading into a recession due to President Trump’s escalating tariff war with China. While stressing that systemic collapse isn’t imminent, Cramer urged caution and called for a shift toward negotiation. Despite a market rebound, analysts expect continued volatility unless the U.S. signals a softer trade stance.

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