Indian stock markets are expected to open lower on Wednesday following India's Operation Sindoor targeting terrorist facilities in Pakistan. GIFT Nifty indicates a negative start. Experts suggest market volatility could lead to a Nifty decline, influenced by geopolitical tensions and the US Federal Reserve's meeting. Investors are cautious amidst these developments, monitoring both domestic and international factors.

Stock market recommendations: Anand Rathi Shares and Stock Brokers' Mehul Kothari recommends buying Jubilant Ingreva, Adani Total Gas, and Southern Petro. Jubilant Ingreva is poised for a breakout, while Adani Total Gas shows strong reversal signs. Southern Petro is in a steady uptrend, supported by its rising trendline.

The RBI's FY25 income from foreign exchange reserves is projected to be higher due to elevated US treasury yields, potentially boosting the central bank's dividend payout to the government. Increased interest earnings on foreign currency assets and substantial dollar sales are expected to contribute to this rise.

China's finance minister has criticized US tariffs for destabilizing the global economy, while the foreign ministry insists the US must drop its threatening stance for any agreement. The ongoing trade dispute escalates as the US imposes high tariffs, prompting retaliation from Beijing. Despite hints of possible trade talks, China demands the removal of tariffs, a condition President Trump has dismissed.

Industry organizations have lauded the India-UK Free Trade Agreement (FTA), anticipating significant support for Indian exporters aiming to expand in the UK market amidst global economic uncertainties. The FTA aspires to elevate bilateral trade to USD 100 billion by 2030, removing customs duties on 99% of Indian goods entering British markets.

The US trade deficit soared to a record $140.5 billion in March, marking the largest shortfall since 1992, according to government data. Imports surged by 4.4 percent to $419.0 billion as businesses stocked up ahead of anticipated tariffs, particularly in consumer goods. While exports saw a slight increase, the overall imbalance exceeded analysts' expectations.

India and the UK have finalized a Free Trade Agreement, poised to boost economic growth and trade relations. The agreement eliminates tariffs on approximately 99% of traded goods, benefiting sectors like manufacturing, textiles, and automotive. It also includes provisions for professional visas and reduced duties on products like Scotch whisky and cars, fostering job creation and deeper collaboration.

India and the UK have finalized the Free Trade Agreement (FTA) and Double Contribution Convention on Tuesday, hailed by Commerce Minister Piyush Goyal as a progressive step towards growth and innovation. Prime Minister Modi and UK Prime Minister Keir Starmer acknowledged the agreement's potential to enhance trade, investment, and employment.

Paytm's parent company, One97 Communications, reported a reduced consolidated loss of Rs 545 crore for Q4 FY25, driven by lower expenses and AI efficiencies. Excluding a one-time ESOP charge, the quarterly loss was Rs 23 crore. While revenue declined both quarterly and annually, financial services showed sequential growth, and GMV increased year-on-year.

Wall Street experienced a downturn, led by technology stocks, as the S&P 500 ended its nine-day rally. The Dow and Nasdaq also declined ahead of the Federal Reserve's meeting, where interest rates are expected to remain unchanged. Concerns about potential inflation, driven by tariff uncertainties, and the recent economic contraction are weighing on the market, prompting companies to adjust forecasts.

India and the United Kingdom have finalized a Free Trade Agreement (FTA) and a Double Contribution Convention, marking a significant advancement in their strategic alliance. Prime Minister Modi announced the agreement after discussions with UK Prime Minister Keir Starmer, highlighting its potential to boost trade, investment, and job creation.

China's Labour Day holiday saw reported tourism and spending increases, but these figures face skepticism online. Social media users point to economic struggles and export declines, contrasting with state media's portrayal of a consumer boom. Reports indicate reduced foot traffic in shopping areas and factories facing extended closures, suggesting a more subdued economic reality.

Adani Power has secured a 25-year contract to supply 1,500 MW of electricity to Uttar Pradesh at Rs 5.383 per unit. The power will be generated from a new 1,600 MW thermal power project within the state. Uttar Pradesh cabinet approved the procurement to meet the projected additional demand of 10,795 MW by 2033-34.

Union Telecom Minister Jyotiraditya Scindia highlighted India's appeal for OEMs, citing Apple's decision to manufacture most iPhones sold in the US from India as an example of economically sound investment. India has transformed from a major mobile phone importer to a leading producer and exporter, with 15% of global iPhones now made in India.

Moody's Ratings projects a significant slowdown in China's economic growth, forecasting GDP to dip below 4% in the next two years. Intensifying trade tensions and weakening global conditions are expected to dampen investment and consumer confidence.

Tata Consultancy Services distributed 100% quarterly variable compensation to 70% of its employees, while the remainder received reduced payouts based on their business unit's performance.

Following the April 22, 2025, terrorist attack in Jammu & Kashmir, tensions between India and Pakistan have escalated, impacting financial markets. Pakistan's KSE-100 index has declined by approximately 4%, while India's Sensex has gained 1.5%, reflecting differing economic resilience.

India's services sector started fiscal year 26 strongly, with April's PMI reaching 58.7, driven by increased demand and new orders. The finance and insurance sectors led growth, while new export orders surged, particularly from the US, Asia, Europe, and the Middle East. Although input prices rose moderately, firms increased selling prices.

Moody's Ratings has revised India's GDP growth forecast for 2025 to 6.3% due to global policy uncertainty and trade limitations. Geopolitical friction with Pakistan and terror attacks present additional risks. While maintaining a 6.5% growth prediction for 2026, Moody's anticipates the RBI will implement rate cuts to bolster domestic economic growth.

The Reserve Bank of India significantly reduced its gold repatriation in the second half of fiscal year 2025, bringing home only 1.53 tonnes compared to 102.15 tonnes in the previous six months. Despite this slowdown, total gold holdings reached 879.59 metric tonnes by March 2025.

Gold prices surged on Tuesday due to increased safe-haven demand following President Trump's tariff announcements. Investors are also awaiting insights from the Federal Reserve's policy meeting, with expectations of maintained interest rates.

Sumitomo Mitsui Banking Corp (SMBC) is nearing a deal to acquire a major stake in Yes Bank, potentially triggering an open offer for an additional 26% stake and making SMBC the largest shareholder. This move follows Yes Bank's 2020 rescue and would be India's largest M&A deal for SMBC.

Gold price prediction: Gold prices experienced recent corrections after hitting record highs amidst global economic uncertainty. Trade tensions, dollar strength, and China's market holiday impacted bullion markets. Investors await the Federal Reserve's FOMC meeting for policy clarity.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Tuesday. While Nifty50 was near 24,450, BSE Sensex was above 80,700.

Ford experienced a significant 65% drop in first-quarter profits, reporting $471 million, despite exceeding analyst expectations. Revenue also declined by five percent to $40.7 billion. The company withdrew its 2025 forecast due to tariff uncertainties, estimating a $1.5 billion annual hit to earnings.

Stock market recommendations: Mirae Asset Sharekhan suggests buying Aurobindo Pharma, anticipating a breakout from a flag pattern with a target of Rs 1356, and IRCTC, expecting an upward trend to Rs 802 after breaking consolidation.

Small, affordable 'minis' are reshaping India's beauty market as consumers experiment beyond basic products. Lakme's VP Sunanda Khaitan notes that these minis encourage makeup adoption, especially among Gen Z, and are boosted by quick commerce platforms. Despite inflation impacting spending, beauty remains resilient, driven by aspiration and accessibility.

Moody's Rating warns that escalating tensions with India could negatively impact Pakistan's growth, fiscal stability, and macroeconomic situation. Pakistan's weak fundamentals and reliance on IMF bailouts make it vulnerable. While Pakistan's economy shows signs of improvement, persistent tensions could strain its foreign exchange reserves and access to external financing. In contrast, India's economy is expected to remain stable, with minimal disruption due to limited economic ties with Pakistan

Evera Cabs is expanding its electric taxi service by acquiring 500 repossessed EVs from BluSmart, which faced operational suspension due to financial irregularities. Evera is also onboarding BluSmart drivers, including a significant number of women, to meet the rising demand for electric cabs, particularly around Delhi airport. This move fills the market gap left by BluSmart's shutdown.

Amidst US tariff hike proposals in April, Indian investors demonstrated savvy investment strategies by increasing their investments in overseas equities, particularly in the US. Platforms like INDMoney and HDFC Securities reported significant surges in investment activity, with a notable rise in new investors targeting US stocks. This enthusiasm was fueled by the perception of market volatility as a buying opportunity, especially in sectors like AI and tech.

Sovereign Gold Bond 2017-18 Series VI investors can redeem their bonds prematurely on May 6, 2025, at Rs 9,453 per gram, a significant increase from the original price of Rs 2,945. Launched in 2015, the SGB scheme offers a financial alternative to physical gold, providing a fixed interest rate and tax-free capital gains on redemption for individuals.

Berkshire Hathaway's shareholders are considering the company's future as Warren Buffett steps down as CEO, with Greg Abel endorsed as his successor. While stakeholders acknowledge stability under Abel, some express concern over the loss of Buffett's unique insight. The $1.16 trillion organization faces uncertainty regarding its trajectory post-Buffett, despite confidence in Abel's leadership and potential adjustments to business approaches.

Following the terror attack in Pahalgam, Jammu and Kashmir Bank anticipates minimal direct impact, as tourism exposure constitutes only one per cent of its portfolio. MD & CEO Amitava Chatterjee highlights the region's historical resilience and strong repayment culture. The bank reported a net profit of Rs 584.54 crore for the January-March quarter.

The US services sector rebounded in April, exceeding expectations with an ISM index of 51.6 per cent, signaling expansion despite market volatility from tariffs. New orders and employment rose, but inflationary pressures intensified, reaching a high since January 2023. While some industries grew, others contracted, and federal budget cuts remained a concern.

The rupee strengthened to 84.30 against the US dollar, a 27 paise gain, fueled by lower crude oil prices and robust domestic stock market performance. Sustained foreign investor inflows further bolstered the rupee. The BSE Sensex and NSE Nifty also saw gains. India's forex reserves increased for the eighth consecutive week, reaching USD 688.

India and the US are in trade talks, with India proposing zero-for-zero tariff arrangements on specific items like steel and pharmaceuticals, contingent on reciprocity and import volumes.

Taiwan's dollar saw a significant surge, the largest since 1988. This happened amid speculation about potential trade negotiations with the United States. Taiwan's central bank addressed the surge, attributing it partially to market rumors. They also clarified that the US hadn't demanded currency appreciation. The surge impacted local exporters and life insurance companies.

The US administration is employing tariffs and targeting non-tariff barriers to compel countries to reduce trade obstacles for American goods. These barriers include agricultural regulations, taxation systems like VAT, currency practices, and product standards.