Market View 10th April, 2025

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

Asian markets were the first to react sharply to the escalation in the US-China trade war. Investor sentiment took a hit after the United States announced a steep tax on all Chinese imports. Major stock indices across Asia opened lower, reflecting growing fears over the impact of rising trade tensions on the regional economy. A sharp rise in tensions between the United States and China has caused turmoil in global financial markets. The U.S. move to impose high levies on Chinese goods led to panic among investors. In the U.S., the main stock market index dropped heavily during the day and came close to triggering emergency trading stops. Although there was a slight recovery later, the market still closed with big losses. Other key U.S. indices also ended the day much lower. In India, hopes of a market boost from a recent interest rate cut by the central bank were dashed. The stock market there also ended lower, as concerns over U.S. trade policies overshadowed the rate cut. Overall, global markets remain under pressure due to growing fears over the impact of the trade conflict on the world economy.

Key Q4FY25 Financial Results for Today

PADAMCO.

Economic Calendar:

• USD: OPEC Monthly Report on 14^th April 2025.
• IND: CPI (Mar) Data on 11^th April 2025.
• USD: Export and Import Price Index on 15^th April 2025.
• IND: WPI Inflation (Mar) on 14^th April 2025.

Brokerage Radar:

JEFFERIES ON TCS:

MAINTAIN HOLD TARGET PRICE: ₹3,400, Q4 Missed Estimates, Margin Miss As The Key Negative Surprise, Delays In Decision-making & Pressures On Discretionary IT Spend Limit Growth & Margin Expansion, FY26/27 EPS Cut By 3.5%; Expect 8% EPS CAGR Over FY26-28.

CLSA ON TATA STEEL:

MAINTAIN HOLDTARGET PRICE: Rs.145, Transformation Program For Netherlands Biz Aims To Cut Controllable Costs By 15% & Save €500 m In FY26, Expecting €80/t Profitability Improvement, But Will Monitor Further EBITDA Changes.

MS ON GOLD LOAN COS:

LTV Cap For Bullet Loans Based On Maturity Amount May Affect Growth, Muthoot’s Countercyclical Business Ensures Strong Earnings, Remain Equal Weight On Muthoot; Stock May Face Near-term Pressure, Manappuram Equal Weight Is Better Positioned Due To Bain’s Open Offer Price.

International Markets:

U.S & Europe:

*As per 10^th April.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

News Updates:

Source: Moneycontrol, Bloomberg Quint, Investing

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