Stock Market Live Update: Emkay On Fino Payments

  • Initiates coverage with a ‘buy’ call with a target price of Rs 300

  • Target price indicates 34% upside

  • The company has emerged as an asset-light & profitable payment bank

  • Transition into small finance bank bodes well for the company

  • Fino to have 17% return on equity in FY28 as a small finance bank versus 13-14% under Payments bank model

  • Control of digital payment services expected to be 31% in FY27 versus 6% in FY24

  • Foray into D2C UPI segment to help scale prepaid payment instrument proposition and aid margins

  • Current valuations attractive at 1.9 times the price to book value of FY27

Stock Market Live: Gold Prices Extend Losses

Gold prices have fallen as the yellow metal seems to overbought heading into Trump’s ‘Liberation Day’, say experts. The commodity price has slipped 2.8% since April 3.

The bullion was trading 0.07% down at $3,035.11 an ounce as of 8:14 a.m.

Asia Market Update: Stocks Plunge On Open

As tensions heighten across financial markets on global uncertainties, the Nikkei 225 was trading 6.37% down at 31,627.50, and the KOSPI followed suit to trade 4.43% lower at 2,356.09 as of 8:03 a.m.

Japan was witness to a so-called circuit-breaker due to the magnitude of the losses incurred, while South Korea halted sell orders for program trading for a brief period.

US Markets Update: Nasdaq Enters Bear Territory

Selloff in US stocks deepened amid Federal Reserve Chair Jerome Powell’s signal that the damage of a trade war will be bigger than anticipated.

The Nasdaq Composite ended 5.82% lower at 15,587.79. The Dow Jones Industrial Average ended down 5.50% at 38,314.86, and the S&P 500 down 5.97% at 5,074.08.

Stock Market News Live: Global Check Post Tariffs

Hong Kong’s Hang Seng index has slipped 23% from its March 2025 high, after Trump’s tariffs were announced. The Nifty 50 has seen the least fall, as compared to global peers.

Stock Market Live: GIFT Nifty Falls Nearly 150 Points

The GIFT Nifty was trading near 22,185 on Monday morning at a marginal loss, setting the tone for a lower open for the benchmark indices.

The GIFT Nifty was trading 0.65% or 145.50 points down at 22,185.50 as of 07:07 a.m.

On Friday, the benchmark equity indices slumped, extending losses to second consecutive session on weak global cues following Trump’s reciprocal tariffs announcement. The NSE Nifty 50 ended 345.65 points or 1.49% lower at 22,904.45 and the BSE Sensex closed 930.67 points or 1.22% down at 75,364.69.

. Read more on Markets by NDTV Profit.On Friday, the benchmark equity indices slumped, extending losses to second consecutive session on weak global cues following Trump’s reciprocal tariffs announcement.  Read MoreMarkets, Business, Notifications 

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