Indian sovereign bond yields decreased slightly due to the government s announcement of a lower borrowing plan for the first half of the next financial year. The government intends to raise 8 trillion rupees through bond sales between April and September. Investors expect the Reserve Bank of India to lower rates further this year, potentially narrowing spreads with U.S. counterparts.

Oil prices remained high due to U.S. tariffs on countries buying Venezuelan oil and restrictions on Iranian oil trade. Brent and U.S. crude futures slightly dipped but saw weekly gains. U.S. crude stocks fell more than expected. Analysts are cautious about sustained price gains amid global trade uncertainties.

So, part of it is the valuation, but the earnings of the companies will definitely get impacted and maybe the earnings results have not yet come out and the earnings will probably take a bit of time to start showing the tariff fallout.

NSE Holidays 2025: Indian stock markets will remain closed for 14 days in 2025 due to festivals and other events. In April, trading will be halted for three days in observance of Mahavir Jayanti (April 10), Ambedkar Jayanti (April 14), and Good Friday (April 18).

Five stocks saw long unwinding on March 28, with open interest (OI) declining and stock prices falling. IREDA, Angel One, Page Industries, LTF, and Tata Elxsi witnessed sell-offs, signaling profit booking or bearish sentiment among investors.

Indian auto and pharma stocks fell on Friday amid fears of a 25% U.S. tariff on auto imports. The Nifty Auto and Pharma indices dropped by 0.8% and 0.9%, respectively. However, experts suggest the market s resilience is supported by foreign institutional investors buying. Broader Indian markets remain strong despite the sector-specific declines, with strong FPI inflows.

As reported by CNBC-TV18, citing Wood s latest GREED & Fear note, the strategist has increased the weightage of Reliance Industries by 2 percentage points in his India long-only portfolio.

April 2 marks a crucial day as U.S. President Trump plans to announce reciprocal tariffs, escalating the trade war. This move could significantly impact Indian markets, raising questions about whether the markets have priced in the effect. The tariffs aim to rebalance trade with countries holding surpluses with the U.S., and the finer details of this strategy remain to be seen.

At 12:07 PM IST, Bitcoin was priced at $85,925, reflecting a 1.8% decline in the last 24 hours, while Ethereum dropped 5.1% to $1,923. The total cryptocurrency market capitalization decreased by 2.35%, settling at $2.79 trillion.