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Latest Stock Market News

Niranjan Avasthi of Edelweiss MF highlights that while China offers tactical investment opportunities due to recent market rebounds, India remains a strong structural growth story. With the US market peaking, long-term capital is likely to prefer India s promising economy over Europe s catch-up phase or China s temporary gains. Indian markets are attractive with strong growth prospects.

Nischal Maheshwari, CEO and Market Expert, feels the market is close to the bottom and expects clarity post the resolution of Trump s reciprocal tariffs on April 2. He is optimistic about the Indian economy due to rate cuts, tax breaks, and government spending, with banking, IT, and pharma sectors likely to benefit.

Japan s Nikkei share average increased by more than 1%, hitting a nearly three-week high driven by Wall Street gains and strong performance from trading firms. Despite crossing the 38,000 mark, the index struggled to maintain it due to lingering concerns over U.S. tariff policies.

Moody s has placed IndusInd Bank s baseline credit assessment under review for downgrade due to concerns over internal control discrepancies in derivative accounts and ongoing retail loan stress. The bank discovered a $175 million accounting discrepancy related to currency derivatives. Shares have dropped 28% since the central bank s decision on CEO Sumant Kathpalia s term extension.

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Bajaj Finserv share price: According to the Share Purchase Agreement (SPA), Bajaj Finserv will acquire approximately 1.01%, Bajaj Holdings and Investment Ltd. will take around 19.95%, and Jamnalal Sons will acquire about 5.04%, amounting to a total of 26% in each insurance company. Following the acquisition, Bajaj Finserv will hold a 75.01% stake in both companies.

Buy Hindalco, target price Rs 800: JM Financial

Updated at : 2025-03-18 09:25:02

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JM Financial recommends buying Hindalco Industries with a target price of Rs 800, citing strong aluminum prices and stable margins. The company reported a total income of Rs 58899 crore and a net profit of Rs 3734 crore for the latest quarter. Promoters hold 34.64% stake, and strong performance is expected to continue.

Swiggy s shares have plunged 43% from their peak, amid rising cash burns and fierce competition in the quick commerce segment, along with a slowdown in its core food delivery business. The path to profitability remains unclear, but some analysts see a buying opportunity due to potential long-term growth in both food delivery and quick commerce.

Tata Motors will increase commercial vehicle prices by up to 2% from April 1, 2025, to offset rising input costs. The hike will vary across models and variants. This follows Maruti Suzuki s decision to raise prices by up to 4% in April. Tata Motors stock closed 0.8% higher at Rs 660.90 on Monday.

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