Saurabh Mukherjea suggests that China's manufacturing advantage, stemming from artificially lowered costs, poses a challenge to democracies. He anticipates China will attempt to flood global markets, including India, necessitating currency depreciation as a countermeasure. Mukherjea believes that India, along with other nations, will negotiate favorable trade deals with America, potentially benefiting the Indian economy.
Several leading brokerage firms have shared positive outlooks on select Indian stocks, highlighting strong upside potential across sectors for the next 12-24 months.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:
Donald Trump does not want a foreign company to control US Steel. He repeated his concerns about Nippon Steel's bid to acquire the American firm. Trump had earlier stated his preference against US Steel going to Japan. This statement caused a drop in the company's shares. Both companies are now collaborating with the Trump administration.
In the NSE large-cap pack, six stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on April 11, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. 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. Take a look:
Chinese leader Xi Jinping warned Monday that protectionism "leads nowhere" and that a trade war would have "no winners", state media said, as he was due to kick off a tour of Southeast Asia with a visit to Vietnam. He also reiterated Beijing's line that a "trade war and tariff war will produce no winner, and protectionism will lead nowhere", the agency added.
Singapore's central bank eased monetary policy again due to concerns about global growth and trade, influenced by U.S. tariffs. The Monetary Authority of Singapore reduced the rate of appreciation of its exchange rate, while the trade ministry lowered Singapore's GDP growth forecast for 2025 to 0%-2%. Economists suggest further easing is possible if economic conditions worsen.
Asian stocks experienced a boost following President Trump's temporary suspension of import duties on consumer electronics, providing relief after a turbulent week. While this pause offers a brief respite, uncertainty persists as Trump hints at future tariffs and continues to reshape global trade. Investors remain cautious, navigating conflicting statements and hoping for a negotiated resolution to the trade disputes.
NSE Holidays 2025: Indian stock markets are closed today for Ambedkar Jayanti, providing traders a break after recent volatility fueled by global trade tensions. The Sensex and Nifty have experienced significant swings, influenced by US policies. Trading will resume for a shortened three-day week on Tuesday, followed by another closure on April 18 for Good Friday.
Motilal Oswal Financial Services projects just 0.5% year-on-year earnings growth for the March quarter across its coverage universe of 18 banks, including five large lenders.
