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Trade tensions are back in focus. Markets show signs of worry about tariffs. President Trump may impose additional tariffs. This could lead to inflation. The Fed's cautious stance adds to market concerns. A slow period for stocks is expected. Unless tariff policies change, a difficult period is anticipated. Investors are watching closely for developments.
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News and Media
NSDL's IPO witnessed significant investor interest, being oversubscribed 41 times, driven primarily by QIBs. Grey market premiums suggest a strong listing, with brokerages recommending a 'Subscribe' rating for long-term investors, citing NSDL's market position and growth potential. The IPO price was set between Rs 760 to Rs 800 per share.
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Swiggy shares slipped 4% after Q1 losses doubled, but Jefferies upgraded the stock to Buy with a Rs 500 target, citing a likely bottom in profitability. The brokerage expects easing competition and a pause in dark store expansion to aid recovery, though volatility may persist due to Swiggys low-margin base and high-risk profile.
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