The rupee surged 39 paise to 85.71 against the US dollar, fueled by strong domestic equity markets and low crude oil prices. The US administration s decision to suspend additional tariffs on India until July 9 also boosted the rupee. Despite foreign capital outflows, a weak dollar index further strengthened the local currency.

Rajeev Agrawal of DoorDarshi India Fund suggests navigating market volatility stemming from President Trump s tariff policies. He believes tariffs impact on India s GDP is minimal, advising investors to focus on domestic sectors with comfortable valuations. Lending and capital markets are highlighted as promising sectors despite market fluctuations, offering opportunities for those who understand business fundamentals.

HDFC Bank shares: The rate cut is expected to lower the bank s cost of funds, which could help sustain margins amid a declining interest rate environment. However, the decision might raise concerns among depositors, particularly given the competitive nature of the banking sector.

In March 2025, select Alternative Investment Funds (AIFs) significantly outperformed traditional benchmarks, with some delivering returns exceeding twice the Nifty50 s gain. Samvitti Capital s Alpha Fund led Category III long-only strategies with a 15.22% return.

JM Financial recommends a Buy for Tata Consultancy Services (TCS), setting a target price of Rs 4060, citing strong TCV wins of $12.2bn and improved revenue visibility. Despite a margin miss in the latest quarter, management is confident of higher growth in FY26. The brokerage has cut EPS estimates but believes valuations have limited downside, maintaining a positive outlook.

Tata Motors shares: The rally spilled over to other auto component manufacturers, with shares of Samvardhana Motherson climbing 7.2% to ₹126.73 and Sona BLW advancing 7.1% to ₹457.50 in early trade. Both firms generate part of their revenue—4% and 2%, respectively—from Mexico, a major export base for vehicles headed to the U.S.

IREDA shares: The rally comes in spite of recent volatility, with the stock falling 3% over the past five sessions. While shares have posted a modest 10% gain over the past month, IREDA remains under pressure in the longer term—down 31% over the last six months and 30% year-to-date.

Tata Power shares: Tata Power Renewable Energy, a subsidiary of Tata Power, has entered into a power purchase agreement with NTPC to provide 200 MW of firm and dispatchable renewable energy. The project is expected to be completed within 24 months, according to a filing with the stock exchange.

Copper prices experienced a surge, reaching their highest level in over a week, fueled by U.S. tariff exemptions, anticipation of Chinese stimulus measures, and a weaker dollar. The market found a base after a recent fall, attracting buying interest. China s imports of copper and copper products fell, but new bank loans rebounded, signaling potential future industrial metals demand.

Wall Street indexes initially surged following White House tariff exemptions on smartphones and computers. However, gains diminished due to economic growth concerns and potential future levies on semiconductors. While tech stocks like Apple saw gains, most megacaps reversed course. Investors are wary of the administration s temporary pauses on tariffs amid a concerning economic backdrop.