Market View 27th March, 2025

View on market: Volatility Prevails, Market is searching for better value

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. This move increased concerns about trade tensions, leading to declines in major Asian markets, including Japan, South Korea, and Australia. In the U.S., markets closed in the red on Wednesday, with major indices falling after a long winning streak. The declines were among the sharpest in nearly a month, as investors reassessed risks amid economic uncertainty. The technology sector was hit the hardest, dragging down overall market performance. Indian markets also followed the global trend, with the Sensex and Nifty closing lower. The decline was significant, marking one of the biggest drops in recent weeks. Investor sentiment remained weak as concerns over global trade policies and economic growth weighed on markets. Analysts expect volatility to continue as markets adjust to new developments.

Economic Calendar:

• USD: GDP Price Index (QoQ) (Q4) on 27^th March 2025.
• IND: Foreign Reserves (USD) on 28^th March 2025.
• USD: Core PCE Price Index (YoY) (Feb) on 28^th March 2025.
• IND: Federal Fiscal Deficit (Feb) on 31^st March 2025.

Brokerage Radar:

MACQUARIE ON TRENT:

INTIATE OUTPERFROM TARGET PRICE: ₹7,000, Trent Leads Asian Peers On Growth, Return Profile & Inventory Turns, See This Sustaining As Integrated Back-end Allows Quicker Fashion-forward Style Drops & Part New Stores Through Franchisee Route Aids Return Profile, Asia’s Best Retailing Metrics & A Play On India’s Rising Discretionary Spend In Fashion.

MORGAN STANLEY ON WIPRO:

Underweight, target price Rs 265, Announces a $650mn strategic deal, Should support expectations of a pick up in revenue growth in F2026, especially in a volatile macroenvironment, Expect this to be positive for sentiment & support stock price in near term.

BNP PARIBAS ON L&T:

Maintains Outperform, cuts target price to ₹4,435 from ₹4,600, Retains as top pick, Concerns over oil-linked slowdown in GCC tendering are overblown, Deep dive suggests CY25 to be stronger than CY24, CY25 starts strong with QatarEnergy order exceeding USD 4.0bn, Saudi may open real estate for non-GCC residents.

International Markets:

U.S & Europe:

*As per 27^th March.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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