Trade Financial News

S Jaishankar visits the United Kingdom to reinforce the growing GBP 41 billion trading relationship between the two nations. A major highlight of this visit is the announcement of two new Indian consulates in Belfast and Manchester, a move aimed at fostering regional economic ties and enhancing investments. The UK has also welcomed over GBP 100 million in new Indian investment deals, expected to create jobs, strengthen economic growth, and improve financial prospects for working individuals.

«Also, if you looked at the number of stocks that were trading above the 500-day average that had dropped to single digits, almost 9% on Friday, and that was the lowest reading since COVID,» says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. Give us a sense of the market move today, help us put this move in perspective because we have been beaten down for ten long consecutive sessions, the longest streak since the inception of Nifty and today that has reversed and how we are trading with gains of more than a percent and you believe that this was the bottom that we have reached and now it is all looking good for the markets going ahead. Rohit Srivastava: The probability of the Nifty having made a final low is very-very high and the reason for that is the very extremely oversold reading setup that we really were looking at in the market, multiple data points not just the positioning in the futures and options market from domestic institutions having built up the largest long positions since March of 2023 along with the highest short positioning that we saw from FIIs.

Donald Trump has set April 2 as the date for implementing reciprocal tariffs on a range of imports from several major trading partners. The tariffs, he said, are a response to what he considers unfair trade practices by countries like Canada, Mexico, China, the European Union, and India. This move is part of Trump’s broader agenda to reshape U.S. trade policies and create a more balanced global trading environment.

«What we are looking at, when we said in July 2024, the complacency was high, we were at extreme inflection. Maybe September, October when India liquidity peaked out, that was the extreme inflection end,» says Sandeep Tandon, CIO, Quant MF. So, let us come back to India since you said that the time has come to nibble in right now. Purely at an index level and since you do track technicals as well, we have hit the lowest RSI since March 2020 already, we are at an eight-month low. What is the screen telling you? Do you think we are at the end of the pain at an index level per se? Sandeep Tandon: To be candid with you, I am not a great chartist or technical technician in that sense. I am a good observer and we are predominantly a behaviour house. So, we look at more from an inflection point rather than say looking at the breakout or breakdown because that may not give you a correct perspective or we may not have that ability to read up to that extent.

Glenmark Pharmaceuticals Ltd.(up 3.06 per cent), Aurobindo Pharma Ltd.(up 2.91 per cent), Laurus Labs Ltd.(up 2.0 per cent), Ipca Laboratories Ltd.(up 1.84 per cent) and Lupin Ltd.(up 1.63 per cent) were among the top gainers.

Indian rupee gained on Wednesday on broad-based interbank dollar sales and after the central bank's firm defence of 87.40-87.50 levels in recent sessions helped keep a lid on speculative bets against the currency. The rupee was at 87.1550 against the U.S. dollar as of 10:00 a.m. IST, up 0.1% on the day.

The benchmark 10-year yield was at 6.7401% as of 10:00 a.m. IST, compared with its previous close of 6.7447%. Earlier in the day, it had hit 6.7530%, its highest since January 20.

buy call on EPL with a target price of Rs 270.0. The current market price of EPL is Rs 193.55. EPL, incorporated in 1982, is a Mid Cap company with a market cap of Rs 6182.57 crore, operating in the Packaging sector.

Chowgule Steam(up 19.98%), Kachchh Mineral(up 19.96%), Kreon Financial(up 16.92%), Metal Coatings(up 16.10%) and Nagarjuna Fertilizer(up 15.77%) were among the stocks that surged over 15%.

Benchmark NSE Nifty index rose 153.3 points to 22235.95 amid buying in frontline bluechip stocks.

Nagarjuna Fertilizers and Chemicals Ltd.(up 12.93%), Rama Phosphates Ltd.(up 6.07%), Bohra Industries Ltd.(up 4.98%), Coromandel International Ltd.(up 4.70%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 4.51%), Chambal Fertilisers & Chemicals Ltd.(up 4.26%), Mangalore Chemicals & Fertilizers Ltd.(up 3.61%), Sikko Industries Ltd.(up 3.43%), Khaitan Chemicals & Fertilizers Ltd.(up 3.41%) and Gujarat State Fertilizer & Chemicals Ltd.(up 2.84%) were among the top gainers.

«Still, it remains to be seen if that is what it is or this is actually a new world where we basically have everybody having a tariff barrier and the free trade that we have all grown up with becomes less and less,» says Rajeev Agrawal, DoorDarshi India Fund. I guess all of us are hooked on to Trump's address, waiting to hear if he is going to say anything specific on Canada and Mexico tariffs or not. But how do you think this entire tariff tirade is going to really play out because the chatter in the US as well is tariffs are not good for them either. Rajeev Agrawal: So, no, absolutely, tariffs have created a lot of uncertainty in the whole world and how they will play out. Initially, the expectation was that tariffs is a way for negotiation to ensure that US companies get their fair share when they go into other countries.

International Monetary Fund Managing Director Kristalina Georgieva. Many nations are facing weaker growth prospects and are saddled with high debt while supply chains have come under pressure due to the Covid-19 pandemic and geopolitical developments, Georgieva said remotely from the US at an IMF event in Tokyo. “We also know trade is no longer the engine of global growth it used to be,” she said. “The new US administration is rapidly reshaping its policies on trade, taxation, public spending, deregulation and digital assets, and other governments are also recalibrating their approaches and adjusting their policies.”

Jefferies, JPMorgan, and Morgan Stanley have shared their views on Varun Beverages, M&M Financial Services, and Polycab India, respectively, maintaining positive ratings and raising target prices.

Donald Trump's long-threatened tariffs are here, plunging the country into an escalating trade war with China, Canada and Mexico. Trump’s 25% tariffs on imports from Canada and Mexico went into effect Tuesday, along with a heightened 20% levy on Chinese goods. In response, all three countries announced retaliatory measures. Experts say consumers and businesses will be the hardest hit. Companies big and small will face higher costs on the goods they buy from other countries — and could have little recourse but to hike prices themselves. For consumers, that will likely mean more expensive price tags on everything from cars, appliances and other big-ticket items to smaller, everyday purchases including electronics, gasoline and groceries.

Domestic benchmark index NSE Nifty gained 175.35 points to 22258.0, while the BSE Sensex traded 539.23 points up at 73529.16.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says keep accumulating good quality stocks at the price at which they are currently available and adding to your portfolio. It is better to repent after buying than to regret it thereafter. When the fundamentals of business and the companies remain intact and they are not showing the signs of deterioration, as much as the global turbulence is, in such a situation, gather the confidence and conviction to buy into good quality stocks. Time to buy yet or do you think there could be some more pain in store? Deven Choksey: Yes, it is time to buy. We always tell people that in a falling market like this, you do not buy everything at one go, but you accumulate. So, keep accumulating good quality stocks at a price at which they are currently available and adding to your portfolio.

Nifty50 is down about 7% in 2025 and one would assume that this period was marked by volatility. However, it is not reflected in the India VIX. The fear gauge index, as it is often referred to, fell nearly 6% year-to-date and is hovering 13.83 levels despite a sell-off in the Indian markets. India VIX has an inverse correlation with the markets as the index jumps when equities are falling. This is because a correction is often associated with a sense of panic and fear among investors and is not playing out the way it did historically.

Tata Group, is facing a brutal stock market rout in 2025, with its 24 listed companies collectively shedding a staggering Rs 8.2 lakh crore in market capitalization as relentless selling by FIIs continue to pull bluechip stocks down. The selloff, which has erased 24% of the group’s total value in the past six months, has been led by heavyweights TCS and Tata Motors, reflecting broad-based pressure across IT, autos, retail, and consumer sectors. From a towering Rs 34.77 lakh crore in early September last year, the most storied corporate empire’s valuation has now shrunk to Rs 26.5 lakh crore, shows data from ACE Equity.

Indian oil explorer Oil and Natural Gas Corp will be in focus after it announced that its subsidiary has acquired clean energy company PTC Energy for Rs 925 crore ($106.02 million) as part of its efforts to expand its green energy portfolio. ONGC’s unit, ONGC Green Ltd (OGL) acquired a 100% equity stake in PTC Energy Limited, the company informed on Tuesday. The company has 120 crore equity shares of Rs 10 each by OGL by way of subscription on the right basis, it added.

Anand Tandon, Independent Analyst, says while two lakh people are being added to the IT workforce every year, not that many will get jobs going forward, and some of them will get slowly laid off. Tandon says that the problem is not receiving enough attention and it is not a cyclical issue. It is a structural problem. India needs to find another industry which can grow in the same way. Tandon also says at the end of the day, markets are cyclical and market participants have to realise that. Give us your take on the markets. We are seeing a bit of recovery; the broader markets are also participating in this. What is looking interesting to you right now? Anand Tandon: Yes, the market is looking a little oversold and therefore it is possible that you will get a mild recovery. I would hesitate to rush in to buy though. There are structural problems in the Indian market now, primarily among them the IT sector. You have to remember that for the last two decades, the biggest driver for domestic consumption is actually the number of people who are employed in that sector. That now seems to be behind us.