Sandip Sabharwal suggests that the markets are in a stable position, despite the pressure from bulk deals. He highlights the current chip shortage, attributing it to China s export restrictions, impacting two-wheeler and EV companies globally. The tariff issue is already factored into the markets, with focus shifting to monetary policy and economic data.

Motilal Oswal downgraded the Bharti Hexacom stock to ‘Neutral’, citing a steep 40% valuation premium over Bharti Airtel. The brokerage sees limited upside, despite strong execution and rising ARPU forecasts. Key risks include valuation overhangs, potential merger concerns, and high regional concentration, prompting preference for Bharti Airtel and Reliance Jio.

Ionic Wealth suggests REITs and InvITs as compelling alternatives to fixed deposits, highlighting their potential for higher dividend yields. Several listed options are delivering yields above 6%, with some reaching up to 14.6%. These instruments offer investors predictable, tax-efficient income, making them suitable for building a steady cash flow portfolio with careful selection.

In the March 2025 quarter, domestic mutual funds exhibited significant stakes in Crompton Greaves Consumer, TeamLease Services, and Kalpataru Projects, among others. These holdings reflect institutional confidence and can influence retail investor decisions. Coforge saw the highest stake value in rupee terms, indicating strong institutional backing in these top 10 companies.

Gold discounts in India have surged to a one-month high due to near-record domestic prices dampening demand. Dealers are offering discounts up to $56 an ounce. High prices and the monsoon season have led jewelers to avoid building inventory. Meanwhile, China sees lower trading volumes due to elevated prices, while other Asian hubs experience varied premiums and profit-taking.

Sandip Sabharwal discusses the impact of rate cuts on banks and NBFCs, noting NBFCs may benefit more due to their borrowing structures. He also addresses concerns about early monsoons affecting sectors like air conditioning, which faces inventory issues, and cement, where high valuations need correction before potential monsoon-driven demand improves.

The Nifty IT index was trading 0.03 per cent up at 37118.65.

The U.S. Treasury urges continued BOJ tightening to address yen weakness and rebalance trade, while cautioning against pension fund currency interventions.

Sandip Sabharwal discusses the compelling nature of gold due to global uncertainties and monetary policy issues, while the outlook for silver is less clear, despite a historical correlation between the two. China s rare earth magnet supply restrictions are impacting various industries, particularly autos, creating near-term uncertainty.

Markets rallied sharply on Friday after RBI Governor Sanjay Malhotra unveiled a surprise 50 bps rate cut and a Rs 2.5 lakh crore liquidity boost via a 100 bps CRR cut. The Sensex surged over 700 points, while Nifty Bank hit a record high. The MPC also shifted its stance to "neutral," signaling limited room for further rate cuts.