In FY25, only 17 out of 700-plus stocks managed to deliver multibagger returns compared to 207 in FY24, indicating a significant drop. Experts advise investors to moderate their expectations and focus on solid research and diversification for steady, moderate returns.

The rupee declined by 10 paise to 86.66 against the US dollar due to a firm American currency index ahead of the Federal Reserve s interest rate decision. Despite easing crude oil prices and foreign capital inflow, concerns over global trade tariffs persist. The US dollar index rose 0.09%, while Brent crude was down 0.27% in futures trade.

Karthik Kumar, Fund Manager, Axis Mutual Fund, highlights his market outlook, with a focus on growth visibility and sector performance. He remains bullish on telecoms, consumer discretionary, healthcare, and tech, while staying cautious on commodity-related sectors and industrials. Despite recent corrections, he notes continued valuation comfort in certain segments, particularly large-cap tech stocks.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources

The Bank of Japan maintains interest rates at 0.5% amid concerns over U.S. tariffs impacting Japan’s economy. Governor Kazuo Ueda will provide insights on future rate hikes. Japan signals confidence in rising wages despite economic uncertainties. The BOJ s next crucial meeting is scheduled for April 30-May 1. Trump s tariffs fuel global slowdown fears.

A series of major demergers have been announced, aiming to unlock shareholder value and enhance business focus in this volatility.

Gold prices have surged to an all-time high, surpassing $3,000 internationally and Rs 88,513/10 g on MCX. Central banks globally are buying gold heavily, mirroring Indian households. Experts note gold’s safe-haven appeal and solid returns, advising a buy-on-dips strategy amid potential consolidation.

Deven Choksey of DRChoksey FinServ suggests that certain sectors like NBFCs, HFCs, manufacturers supplying to renewables, and engineering R&D companies offer significant value due to their corrective downside. He highlights the potential recovery in markets and optimism in metal, pharma, and IT sectors due to favorable economic conditions and reduced FPI selling.

Bajaj Auto s board has extended Rajivnayan Rahulkumar Bajaj s term as MD & CEO for five years starting April 1. The company has also approved an Rs 1,500 crore infusion into Bajaj Auto Credit Limited for expansion. Rajiv Bajaj has been with the company since 1990, contributing significantly in various areas including manufacturing and marketing.