Stock Market Live Update: HSBC Upgrades IIFL Finance, Hikes Target

  • Upgrade to Buy, hike target to Rs 550 (from Rs 388), see 41% upside

  • Microfinance recovery, higher liquidity, lower cost of funds to aid

  • Key risks: Higher competition in gold loans, lower yields, higher expenses

  • Revise FY26e/FY27e EPS by -6.0/+0.5%

  • See 13-15% exit RoE in Q4FY26e

MOSFL Initiates Coverage On Jindal Stainless With Buy

  • Target price of Rs 770, which implied a 26% upside

  • Strategic expansion to strengthen its global leadership

  • Expansion underway to cater to robust demand

  • Key Risks: Nickel price volatility, rise in imports, and domestic demand slowdown

  • OCF would comfortably fund the ongoing capex for next two years

  • Expects EBITDA/Adj. PAT CAGR of 17/21% over FY25-27

Why Sun Pharma Could Face Pricing Pressure Due To Trump’s Drug Cost Reductions

US President Donald Trump has announced plans to significantly reduce prescription drug prices in the country, stating on social media that prices would be cut by over 59%. While the details of the executive order are still awaited, Sun Pharmaceutical Industries Ltd.’s US exposure makes it a key company to watch.

Read the full article here.

Stock Market Live Update: Macquarie On IT Sector

  • Current pause in US-China tariffs lends support to thesis that we are not likely to see sharp cutbacks to IT spending

  • See a resolution or at least indications of progress in trade talks over the next 90 days

  • This could give confidence to firms to embark on larger IT programs

  • That could provide upside to current estimates

  • Continue to be optimistic about medium-term growth prospects

  • See multi-year technology refresh due to significant changes in underlying hardware

  • Expect to drive enterprise technology architecture changes

  • This will mean that we are in a multiyear supercycle of spending – the first since the 2000s

Stock Market Live: CLSA India Strategy

  • A shift in the macro set-up; Trade fears recede

  • Raise IT to Overweight from Underweight; add Tech Mahindra & replace TCS with Infosys in portfolio

  • Potential end to India-Pakistan face-off sees market rally

  • But a China-US trade deal may reduce the halo of India’s TINA trade

  • IT the best way to gain exposure to receding trade war fears

  • Remain defensive as India is the most expensive market in the world

  • Continue to foresee rate cuts by the RBI; prefer to gain exposure to this via our Overweight in real estate along with IndusInd bank

  • Also like staples, utilities, real estate, banks and energy over industrials, materials, healthcare and discretionary

Asia Market Update: Indices Surge As US & China Lower Tariffs 

Markets in Japan, China, Australia, and South Korea advanced in Tuesday’s session as US and China agreed to lower tariffs on each other following negotiation over the weekend.

US Treasury Secretary Scott Bessent and US Trade Representative Jamieson said in a press briefing Monday that both sides will reduce tariffs by 115%.

Japan’s Topix advanced for 13 days in a row to be on its way to record the best winning streak in 16 years. The index was trading 1.24% higher at 2,775.96 as of 7:42 a.m. The Nikkei 225, S&P ASX 200 were trading 1.63% and 0.73% higher, respectively. The CSI 300 was 0.17% higher at 3,893.06 as of 7:44 a.m.

US Market Update: S&P 500 Ends Over 3%, Nasdaq 100 Over 4% On US-China Trade Truce

US share indices logged sharp gains in Monday’s session as US and China greed to lower tariffs on each other for 90 days. The S&P 500 ended 3.26% higher. The Nasdaq 100 index ended 4.02% higher and entered bull market, according to Bloomberg.

The latest positive development in the US and China trade negotiation made investors hope that this is the end of all US tariff-related challenges in the international trade ecosystem. This hope has given boost to riskier assets like equities.

The Dow Jones Industrial Average ended 2.81% higher at 42,410.10 Monday.

GIFT Nifty Implies Muted Start; Gensol Engineering, Paytm, Tata Steel Share Prices In Focus

The GIFT Nifty was trading 0.10% or 24.50 points lower at 24,923.50 as of 6:53 a.m., which indicated that the Nifty 50 will likely start Tuesday on a muted note.

Tata Steel Ltd., Zaggle Prepaid Ocean Services Ltd., Raymond Lifestyle Ltd., and Chalet Hotels Ltd. share prices will likely react because of their recently released fourth quarter results.

Traders will also keep an eye on One 97 Communications Ltd., KFin Technologies Ltd., Gensol Engineering, and Aether Industries Ltd. because of the news flow.

The benchmark indices ended higher on Monday as they closed above 3%. The Indian stock markets experienced a significant surge on first day of the ongoing week, driven by improved investor sentiment following a notable reduction in tensions between India and Pakistan.

Nifty 50 ended 3.82% higher at 24,924.70 and Sensex ended 3.74% up at 82,429.90.

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