




Several market veterans are advicing investors not to be deterred by the volatility and stick to asset allocation, as a host of sectors that had taken the sharpest knock in recent weeks look set to rebound when equity markets open on April 11.
Nifty 50 and Sensex tracked negative global cues as fears of a widespread trade war sparked a sell-off, leading the benchmarks to extend their losses to a second session.
Trump Tariffs: The markets were pricing in an effective tariff rate in the high teens, the actual rates are now projected to be in the mid-to-high 20 percent range.
Nifty 50 and Sensex have traded with high volatility over the past few sessions as investor sentiment remained cautious ahead of U.S. President Trump's reciprocal tariffs being implemented.
The exclusion of Britannia Industries and BPCL caused their respective stocks to rally, gaining up to 2.5 percent during the opening session.
Zomato and Jio Financial Services inclusion may bring passive inflows of $602 million and $308 million into the headline Nifty 50 index
The Nifty 50 and Sensex extended their gains from the morning session into afternoon trade, as bulls run amok on Dalal Street, lifting both indices over one percent each.
For Nifty 50, the 23,100-23,000 range is likely to act as the key support, and a fall below this level could bring bears back into action.
Friday's optimism in Wall Street brought cheer to the Nifty and Sensex in the Monday morning trade, as bulls took over the reins from bears.
Information technology stocks saw a sharp sell-off in trade as global brokerage Morgan Stanley cited risks to growth amid global uncertainties and technological changes.
Market experts suggest that global uncertainties will grip investor sentiment, with the rise in US unemployment rates and tariffs leading to further caution, indicating that volatility is here to stay for the near term.
Nuvama notes that India's valuation premium to emerging markets has returned to its 10-year average, suggesting the worst of the de-rating may be done.
We are currently overweight on India, while maintaining an equal weight on China, shared Rita Tahilramani, Investment Director, Aberdeen.
HDFC Securities' Devarsh Vakil advises investors to shift from defensive sectors like IT and pharma to riskier bets, including cement and chemicals as the market nears a bottom
Smaller and mid-cap shares have tumbled more than the broader market since the Sept. 26 high, with Nifty gauges tracking them down more than 18%. While investors have so far remained largely bearish, some firms have turned positive recently.
Nomura said that the positive narrative on India is also being tested amid a slowing economy and corporate earnings.
InCred Equities' bull-case scenario puts Nifty 50 at 26,123, while in the bear-case scenario sees the index at 21,029 by March 2026.
Nifty 50 settled in the green during the month of March for the past seven of the past ten years, noted JM Financial.
Eight of the 13 stocks that were excluded from the Nifty 50 since 2018 have outperformed their replacements that joined the index.
CLSA reported a better-than-expected Q3 earnings season, with 30 percent of companies beating estimates and 46 percent missing.