US Tariffs Put Stock Market Under Pressure; Motilal Oswal Recommends Domestic Stocks for April
Stocks to buy in April: The imposition of hefty retaliatory tariffs by US President Donald Trump on over 180 countries, including India, has sent shockwaves through the Indian stock market. The market has been under pressure for two sessions following Trump's decision. While India's 26% tariff is lower than that imposed on countries like China (34%), Vietnam (46%), Thailand (36%), Indonesia (32%), and Bangladesh (37%), it's still considered a significant blow to India, as these are all competitors in the global export market.
Tariff Warnings on Pharma Sector Exacerbate Pressure
The stock market weakened further on Friday when Trump announced plans for "unprecedented" tariffs on the pharmaceutical sector. Following this announcement, the Nifty index plunged over 300 points to 22,921.60, while the Sensex fell by over 1,009 points during the day.
Experts Advise: Focus on Domestic Stocks
Given the market volatility, experts believe investors should adjust their portfolios and focus on b stocks linked to the domestic economy. Motilal Oswal Financial Services has recommended five stocks for April 2025 that are considered profitable in the current situation.
Top Stock Recommendations for April
According to the brokerage report, Varun Beverages, SRF, ICICI Bank, Indian Hotels, and Amber Enterprises could be suitable investment options this month. These companies demonstrate a b correlation with domestic demand and economic activities.
Current Performance of Key Stocks
At 1:30 PM on Friday, Varun Beverages was trading at ₹535.25, down 1.61%; SRF was down 1.11% at ₹2,869.10; ICICI Bank was up 0.49% at ₹1,336; Indian Hotels was down 3.15% at ₹804.85; and Amber Enterprises was down 4.20% at ₹6,638.55.
Technical Outlook
According to technical analysis, the immediate support level for the Nifty index is at 23,150, followed by ber support at 23,000. Resistance levels are visible at 23,400 and 23,550.
