The Indian IPO market is set to revive with Ather Energy s public offer launch today. The IPO will be open for subscription till April 30, with a price range of Rs 304-321 per share. Arunaya Organics and Kenrik Industries SME IPOs will also open later this week.

Vice Premier He Lifeng, Xi Jinping’s trusted economic aide, is playing a pivotal role in trade talks, balancing China’s export priorities while emerging as a confident voice to global business leaders.

JM Financial maintains a Buy call on Just Dial, revising the target price to Rs 1,250, citing robust collection growth and strong sequential paid campaign additions. The company s Q4 performance exceeded expectations with significant EBITDA growth driven by margin expansion. Clarity on cash distribution policy remains a key trigger for future stock performance, as the stock is currently undervalued.

In the current situation, we have Trump going into the room by himself and coming out every now and then and telling us that things will be okay. So, we have to kind of conclude that it is in both countries interests to come up with some accommodation and so it will be incremental but clearly, there will be some pain in the trade relationship between the United States and China.

ICICI Securities maintains an add call on Mahindra & Mahindra Financial Services, with a target price of Rs 310. The company s FY25 performance was in line, featuring a 17% AUM growth. While quarterly volatility persists, management anticipates improvements in NIM and RoA, projecting continued AUM growth and stable credit costs.

In Q4FY25, FIIs trimmed stakes in several new-age stocks like Zomato and Policybazaar, while mutual funds increased their holdings, reflecting divergent strategies. CarTrade Tech saw the highest rise in FII holding, while MFs diluted their holdings in the same. Corporate earnings will be the next big trigger for price trajectory.

The Indian Rupee saw a rise of 12 paise against the US dollar, reaching 85.29 in early trading. This boost is due to India s strong financial base, including growing forex reserves and healthy investments. Geopolitical tensions could pose challenges. Forex reserves increased to USD 686.145 billion. The BSE Sensex climbed by 426.00 points and Nifty rose by 144.55 points.

Pricey valuations and fading earnings growth prospects are prompting caution among top fund managers. Abhishek Singh of DSP Mutual Fund has raised cash holdings in a large-cap fund to 13% amid concerns over India s slowing economy and global volatility. Singh warns investors to temper return expectations, anticipating sharp rallies and crashes as valuations remain elevated.

Amid India-Pakistan tensions, the spotlight is on defence stocks, though market enthusiasm remains muted. Analysts suggest companies with strong financials and alignment with national defence objectives stand to benefit. While some stocks like Bharat Dynamics and Mazagon Dock Shipbuilders have performed well, valuations appear high, advising caution for new investors and suggesting a wait for better entry points.