Share Market Updates: Despite weak global signals, the Indian stock market is getting fast. Two days ago, it was reported from America that US President Donald Trump has put a brake on the tariff for 90 days. After this, the US markets also saw fast and now the Indian stock market also seems to be strong.
The Nifty was seen trading at 22,811.20 with a gain of 50 +412.05 points (1.84%), while the Sensex was seen trading at 75,113.54 with a gain of +1,266.39 points (1.71%).
The metal index jumped more than 3.5% in pre-open trade. Apart from this, good action can also be seen in the shares of Tata Group and Adani Group today.
On the other hand, the White House has issued an order to suspend 26% tariffs on India by 9 July. Due to relief on tariffs, a relief rally can be seen in many stocks including metal and pharma.
Jerodha founder Nitin Kamat has warned that if the market situation worsens further, it can have serious consequences. In a recent post, he said: “If the market falls badly, investors can stay away from it for years, as he did after 2008.”
He also mentioned the era when the pace of net investment in equity-based mutual fund schemes in India was slow after 2014 after the global financial crisis of 2008.
Jefferies have fixed its target price ₹ 315, giving a buy rating on Aditya Birla Fashion. Brokerage believes that the company is now focusing on profits, stopping M&A (merger and acquisition) and reorganizing its business. During FY25-27, 10-11% revenue and 15% ebitda Cagr have been expected.
