Rupee Opens Stronger Against US Dollar 

  • Rupee strengthened 13 paise to open at 85.66 against US dollar. 

  • It ended at 85.79 a dollar on Thursday.

Source: Bloomberg

Emkay Upgrades Maruti Suzuki To Buy with TP Rs 13,500

  • New launches have historically driven volume growth in PVs.

  • Maruti’s launch cycle turns positive in FY26E vs muted industry launch pipeline)

  • Maruti targeting 2 major upcoming ICE SUVs (5-seater likely in Sep-25E; 7-seater likely in Jan-26E;

  • New launches coincides with early signs of improvement seen in small cars.

  • Build in 8% FY25E-27E volume CAGR, with 12.5% margin by FY27E vs 11.6% in Q3.

  • Believe valuations at 21x Mar-27E PER are attractive.

Brokerage Radar: Top Stock Picks Today

Oil and Natural Gas Corp., BSE Ltd., Jubilant FoodWorks Ltd., and pharma stocks were among top companies and sectors on brokerages’ radar on Friday.

Read more on this here

ONGC Invests Rs 3,300 Crore In Subsidiary

  • ONGC Invests Rs 3,300 Cr In Wholly-Owned Subsidiary ONGC Green Via Subscription On Right Basis

  • Investment Proceeds Were Utilised By OGL For Further Investment Of Rs 3,153 Cr In ONGC NTPC Green

  • NTPC Green Energy & Promoter Of ONGPL Invest Same Amount To Maintain Shareholding Structure

  • ONGC NTPC Green Is 50:50 Joint Venture Company Of OGL (ONGC Green Ltd.) & NTPC Green Energy

  • ONGPL completes acquisition of 100% stake in Ayana Renewable Power Private for Rs 6,249 Cr

  • OGL’s share in acquisition of stake in Ayana Renewable Power Private is Rs 3124 Cr

Source: Exchange Filing

Likely Market Mover Stocks

UltraTech Cement Ltd., Bharat Electronics Ltd., Infosys Ltd., Hindustan Aeronautics Ltd. and BEML Ltd. will be the stocks to watch before going into trade on Friday.

Read more about it here

SEBI’s Midweek Expiry Proposal Disrupts NSE’s Monday Plans

The market regulator has suggested limiting derivative contract expiries to Tuesdays or Thursdays. This proposal could disrupt the NSE’s plan to move the weekly index option expiry to Monday.

Read more about this here

Oil Price Turns Volatile 

Brent Crude surged in Thursday’s session to trade at $74.05, up 0.03% during the early morning trend. The oil price later declined to trade at $73.99, down 0.05%.

The volatility comes in the wake of second round of tariffs set to be imposed by US President Trump starting April 2.

Gold Price Inches Higher

On March 28, gold prices in India rose to Rs 88,900 per 10 grams, according to the India Bullion Association.

Rates varied across major cities: New Delhi at Rs 88,580, Mumbai at Rs 88,620, Kolkata at Rs 88,620, Bengaluru at Rs 88,810, and Chennai at Rs 88,990, the highest in the country.

US Market Update: Indices End With Losses

Stocks declined as the US implemented tariffs on automakers, heightening fears of an expanding trade war and overshadowing data that revealed faster-than-expected growth in the world’s largest economy.

With just days left in a quarter poised to be the worst for the S&P 500 since 2023, the index slipped once again.

The S&P 500 lost 0.3%. The Nasdaq 100 fell 0.6%. The Dow Jones Industrial Average slid 0.4%.

The yield on 10-year Treasuries rose one basis point to 4.36%. The dollar wavered.

Asia Market Update: Stocks Decline In Early Trends

Asian stocks fell on Friday, tracking US market losses, as fears of looming “reciprocal tariffs” and escalating trade tensions eclipsed strong US economic growth data.

Japan and South Korea’s markets fell, following declines in the S&P 500 and Nasdaq 100. US equity futures also edged lower in early Asian trade.

The Nikkei and Kospi were trading 1.90% and 1.39% down, respectively as of 7:09 a.m. The ASX 200 was up 0.38%.

Gift Nifty At 23,700: Infosys, BEL May Move

On Friday, Gift Nifty was trading near the 23,700-mark at 23,747, as it declined 6 points or 0.03% as of 07:24 a.m.

In today’s trade, several stocks are expected to react due to recent developments.

UltraTech Cement Ltd. commissioned new capacity and expansion projects across multiple locations.

BEL stock is likely to see movement after receiving additional orders worth Rs 1,385 crore, bringing the total orders for the current financial year to Rs 18,415 crore.

Infosys Ltd. is also anticipated to be in focus following its partnership with LKQ Europe to implement a unified, cloud-based digital platform for HR processes across 18 countries.

Benchmark indices ended Thursday’s trading session with gains. Sensex closed 0.41% higher at 77,606.43 and Nifty 50 advanced 0.45% to 23,591.95.

. Read more on Markets by NDTV Profit.Gift Nifty was trading near 23,700 mark. Get live stock market updates for March 28 here.  Read MoreMarkets, Business, Notifications 

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