Latest Stock Market News

Gaurav Dua of Mirae Asset Sharekhan suggests that valuations are now reasonable for long-term investors to consider good stocks, particularly in the large-cap space. He recommends focusing on domestic-driven sectors like private banks, NBFCs, and select infrastructure companies amidst global slowdown concerns. Earnings growth expectations should be tempered for the next two years.

Ace investor Rekha Jhunjhunwala re-entered Canara Bank with a 1.46% stake in Q4 FY25 after exiting earlier. The stock has recently rebounded but remains down 27% YoY. She also trimmed her Baazar Style Retail holdings.

In recent weeks, over a dozen foreign investors have received notices from India s income tax department for allegedly skipping taxes on substantial transactions from 2018 to 2021. These notices point to deals where stocks in Indian companies were bought indirectly through Mauritius, Singapore, and Luxembourg entities to exploit tax treaty benefits.

Borrowers are increasingly turning to loans against fixed deposits, shares, and gold jewellery due to banks caution with unsecured lending. After the RBI hiked risk weights on unsecured loans, the growth in credit card dues and personal loans has slowed, while loans backed by collateral have seen a significant increase.

Credit Saison India, supported by Japan s major institutional investors, has secured $300 million from its first dollar loan to diversify funding sources. The firm aims to expand its branch network and lending segments, focusing on consumer and MSME sectors, particularly in tier-2 and tier-3 towns.

The pressure is unlikely to ease soon. Analysts said the recent US tariff hikes, sluggish global demand, and sector-specific challenges could trigger further downgrades in the coming quarters.

Economists unanimously forecast the Reserve Bank of India to cut the policy interest rate by 25 basis points due to easing domestic inflation. However, opinions are divided on the shift to a monetary stance amid global trade uncertainty and volatile market conditions.

Tata group is preparing to raise $1.3 billion for its digital assets BigBasket and 1mg to compete more effectively in quick commerce. The fundraising will support BigBasket’s shift towards quick delivery and 1mg s expanded healthcare services, backed by Tata Digital’s aggressive growth plans.

The US has implemented a tariff of 26% on most exports from India. After President Trump imposed these tariffs on April 2, the BSE Sensex and the NSE Nifty fell 1.6% and 1.8%, respectively, in two days.

Since April 2, when he unleashed the slew of tariffs on imports from various countries, global equities have revolted with US stocks alone losing about $6.6 trillion in market value on Thursday and Friday. After being relatively indifferent to the US announcements on Thursday, Indian markets joined in on Friday, shedding ₹10 lakh crore in a single day.