​Our perspective is that yes, currency is somewhere an important variable which markets will be looking at, not only currency people will also look at what is happening on US bond yields. US bond yields in the last five days are up almost 60 odd basis.

The RBI cut repo rates by 25 bps to 6% and shifted to an accommodative stance, signalling more cuts ahead to support growth amid global uncertainty. Markets were subdued; gold loan NBFCs fell on tighter norms. Experts expect further easing to boost demand, though transmission may take time.

Amnish Aggarwal warns of global volatility amid the US-China trade war, advising caution in market bets. He sees limited short-term benefits for India, weak IT outlook, and tactical potential in crude-sensitive sectors. Domestic-focused stocks remain safer, but mutual fund flows and investor sentiment could weaken if global uncertainty persists.

European shares plummeted as U.S. reciprocal tariffs took effect, intensifying trade war anxieties and triggering recession fears in Germany. The STOXX 600 fell sharply, with Germany s index also declining significantly. Energy and mining stocks suffered substantial losses due to tumbling oil prices and levies on China, while investors sought refuge in cash amid economic uncertainty.

Japan s Nikkei share average slipped on Wednesday, ending nearly 4% lower in a broad sell-off, as traders gauged concerns over a potential economic slowdown amid an intensifying trade war between the United States and China.

Bitcoin and other cryptocurrencies experienced a decline on Wednesday due to heightened trade tensions following U.S. tariffs on Chinese imports. Bitcoin fell over 3%, trading around $76,929, while Ethereum dropped 7% to $1,464. Market volatility is expected to remain high, with traders advised to be cautious of leveraged positions as altcoins also shed gains.

Nilesh Shah of Envision Capital advises against holding cash. He suggests a constructive and proactive approach. Focus on sectors like consumer goods, digital platforms, and infrastructure. These are less dependent on global events. Financials also present a domestic-led opportunity. Corporate India may see export opportunities due to tariff changes. IT sector may offer value buying opportunities soon.

Star investor Prashant Jain picked up a 1.08% stake in Kaya Ltd, acquiring 1.42 lakh shares worth around Rs 3.5 crore in Q4. Kaya shares surged up to 13% following the disclosure. Despite recent gains, the stock remains down 26% YTD. Kaya recently partnered with Marico to expand its personal care presence across retail and digital platforms.

​​A little unfortunate is that our growth rate in this quarter will be flattish. We are coming out of low growth and this year, full year, maybe we will end up with 6-7% growth rate for Nifty and it can only slowly recover in in this environment.