Market Bizzz

This intervention led to a softening in market rates. The 10-year government bond yield declined by 15 basis points (bps) to 6.58% in March from 6.73% in February.

UltraTech Cement will acquire a 26% stake in AMPIN C&I Power Eight for up to Rs 25.50 crore. This investment supports UltraTech’s green energy goals and aims to optimize energy costs while meeting regulatory requirements. AMPIN C&I Power Eight is developing a 75 MWp DC/50 MW AC solar power project in Rajasthan.

Market expert Nischal Maheshwari suggests sticking to large-cap quality stocks amidst ongoing trade negotiations. China has expressed openness to talks with the US, contingent on respectful engagement. Maheshwari advises caution regarding IT stocks, anticipating continued uncertainty and deferred decisions until the second half of next year, recommending a wait-and-see approach.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Deven Choksey suggests India’s economy is poised for growth due to favorable conditions like lower production costs and strong domestic demand. The market is expected to remain strong, with the Nifty potentially trading between 21,800 and 23,800. Telecom and realty sectors are also showing promise, while travel and hospitality stocks are adequately priced.

ICICI Lombard witnessed a slight dip in net profit, reporting Rs 510 crore for the quarter ended March 31, despite a rise in total income and gross direct premium income. The board recommended a final dividend of Rs 7 per share.

NHPC shares are in focus following the commencement of commercial operations for a 107 MW solar power capacity in Rajasthan. Additionally, trial runs for all units of the Parbati-II HE Project in Himachal Pradesh have been successfully completed, with commercial operations already declared for three units earlier this month.

LGT Wealth’s CIO-Equities, Chakri Lokapriya, suggests a multicap approach, highlighting value in mid and small-caps after recent market volatility. He favors domestic-facing companies like Tata Consumer and Voltas, financials benefiting from government spending, and industrials. Cement companies like UltraTech are also promising. While IT faces discretionary spending uncertainty, chemicals offer an advantage due to favorable tariffs compared to China.

Bank of Japan Governor Kazuo Ueda warned that rising global and domestic uncertainty, driven by U.S. tariff policies, could weigh on economies, pledging careful monetary policy to meet the 2% inflation goal.