Stock Market Pre-Open

Snesex, Nifty slide in market pre-open. Sensex was trading 0.26% down at 77,087. Nifty 50 was trading at 23,433.95 down 0.23%

Rupee Opens Weaker Against US Dollar 

The Indian Rupee weakened 20 paise to open at 85.91 against US dollar on Thursday. It ended at 85.71 a dollar on Wednesday.

Source: Bloomberg

Macquarie Initiates Coverage On Trent

Macquarie has initiated coverage on Trent Ltd with an “Outperform” rating and a target price of Rs 7,000, implying a 35% upside from current levels.

The brokerage views Trent as a leader in India’s retail space, particularly in value-to-mid-premium fashion, and expects sustained growth driven by favorable tailwinds.

Read more about it here

Top Stock Picks On Brokerages’ Radar 

Trent Ltd., Ashok Leyland Ltd., HDFC Bank Ltd., Avenue Supermarts Ltd., and steel stocks were among top companies and sectors on brokerages’ radar on Thursday.

Read more on this here

Helmet Manufacturer Studd’s IPO

  • Helmet-maker Studds Accessories files DRHP

  • IPO to be pure OFS of up to 77.9 lakh shares

  • CMD Madhu Khurana, MD Sidhartha Khurana to sell stake via OFS

  • Company valued at over Rs 3,500 crore as per last transaction

  • IIFL Capital, ICICI Securities are the lead managers

Source: DRHP

(Image Source: Studds Helmet website)

Nifty Contract Expiry Today

Thursday, March 27, marks a crucial day for traders as it is the weekly and monthly expiry of the Nifty contract.

Auto Stocks In Focus

US President Donald Trump signed a proclamation to implement a 25% tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an even broader push on levies next week.

Read more about it here

Oil Prices Inch Higher 

Brent Crude surged in Thursday’s session to trade at $73.89, up 0.14%. Meanwhile WTI Crude Oil was also up 0.20% trading at $69.79 per barrel.

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

Gold Price Trade Above Rs 88,000

On March 27, gold prices in India increased to Rs 88,100 per 10 grams, according to the India Bullion Association.

Prices varied across cities, with New Delhi at Rs 87,790, Mumbai at Rs 87,940, Kolkata at Rs 87,830, Bengaluru at Rs 88,010, and Chennai recording the highest rate in the country at Rs 88,200.

US Market Update: Tech Stocks Decline 

On Wall Street big tech stocks led a decline in major benchmarks, reigniting concerns over the economic and inflationary impacts of a trade war.

This downturn was exacerbated when President Donald Trump signed an order implementing a 25% tariff on auto imports, causing a $589 billion exchange-traded fund tracking the S&P 500 (SPY) to drop in late hours .

The S&P 500 slid 1.1%, failing to hold above its key 200-day moving average, while the Nasdaq 100 fell 1.8%.

The Dow Jones Industrial Average dropped 0.3%, indicating a broader market decline.

Asia Market Update: Stocks Lower In Early Trends

Most markets in the Asia-Pacific region were trading lower on Thursday morning, as risk-off sentiment heightened among investors after US President Donald Trump announced tariffs on automobiles.

US will levy 25% tariff on all cars not manufactured within the country from April 2.

The Nikkei 225 and Kospi were trading 1.19% and 0.96% down, respectively as of 7:26 a.m. The S&P ASX 200 was down 0.48%.

Gift Nifty At 23,504: Infosys, Maruti Suzuki May Move

On Thursday, Gift Nifty was trading below the 23,700-mark at 23,504, as it gained 11 points or 0.05% as of 07:26 a.m.

Some stocks that may react to recent developments are BSE Ltd., One MobiKwik Systems Ltd. and Vedanta Ltd. among others.

BSE, which is set to consider issuing bonus shares at its board meeting on March 30, may see some movement in its stock price.

One MobiKwik Systems received MCA approval to incorporate a new arm for its securities broking business.

And Vedanta, which has appointed Rajiv Kumar, a veteran from Tata Steel Ltd., as the CEO of its aluminium business, may see some stock action today.

On Wednesday, the benchmark indices ended in the red. Nifty 50 ended the day lower at 23,486.85 and Sensex ended down 77,288.50.

. Read more on Markets by NDTV Profit.In early trends, Gift Nifty was trading at 23,500 mark. Get live stock market updates for March 27 here.  Read MoreMarkets, Business, Notifications 

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