Indian benchmark indices Sensex and Nifty 50 rebounded on Thursday after an early dip caused by concerns over US tariffs on auto imports. The IT sector provided support, while the auto sector lagged due to the new import tariffs. Market volatility is expected due to global trade uncertainties.

The Nifty Auto index dropped by 1.6%, trading at 21,385, with 14 stocks in the red and just one stock in the green. Bharat Forge, Ashok Leyland, Balkrishna Industries, Eicher Motors, Bajaj Auto, Apollo Tyres, MRF, TVS Motor Company, Mahindra & Mahindra, Maruti Suzuki, and Hero MotoCorp saw declines ranging from 3% to 0.2%. Exide Industries showed a slight increase in early trading.

ICICI Securities maintains a buy call on Jindal Stainless with a revised target price of Rs 760. The company, reporting strong quarterly earnings with a total income of Rs 10,006.41 crores and net profit of Rs 668.78 crores, faces a delay in downstream capacity ramp-ups.

Gold and silver futures opened higher on MCX, with gold rising by Rs 276 to Rs 87,914/10g and silver increasing by Rs 217 to Rs 99,703/kg. Market volatility continues amid US trade tariff concerns, dollar index fluctuations, and Middle East tensions. Analysts expect prices to remain volatile but supported.

Max Financial Services rose 2.5% after a Rs 399 crore block deal. Max Ventures plans to sell a 1.59% stake for Rs 611.6 crore. The company reported a 62.3% profit drop, while net interest income surged. Technical indicators show neutral momentum.

​There will be sectors and pockets which will get adversely impacted if all-out tariff war breaks out in the world, even if India escapes world economies slowing down will have a negative impact on India. But fundamentally, India is doing things right. Indian inflation is coming down and that gives RBI scope to reduce interest rates, which should help the markets.

JB Chemicals fell 7.4% as 90 lakh shares changed hands in a block deal, with KKR reportedly selling a 5.78% stake. The offer price was Rs 1,625 per share. The stock has declined 14.84% YTD but showed recent recovery.

Geojit Financial Services has issued a buy call on Suzlon Energy, targeting a price of Rs 71 from its current Rs 57.58. The company s revenue grew 91.27% year-on-year for Q3 FY25, reaching Rs 3002.36 crore. Suzlon s PAT is projected to grow at a 30% CAGR through FY27, with strong order inflows anticipated.

The IPO market has slowed down in the short term due to market volatility, with many companies postponing listings. However, experts predict a rebound in FY26, forecasting IPO fundraising to exceed Rs 2 lakh crore. Marquee IPOs like Reliance Jio, LG Electronics, and NSE are set to dominate, but companies will need to focus on realistic valuations and strong fundamentals.

Three brokers have upgraded Bharti Airtel’s target price, setting an average target of Rs 1,847, indicating a 6% upside from current levels.