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The Indian stock market experienced a roller-coaster ride in the financial year ended March 31, 2025, as aggressive selling by overseas fund managers in the second-half of the year weighed on sentiment. 119833938Despite this, the Nifty 50 index managed to close FY2025 with a 5.3% gain, while the Nifty Midcap 150 and Smallcap 250 rose 5.73% and 2.32%, respectively. Foreign portfolio investors (FPIs) offloaded shares worth Rs 1.25 lakh crore during the year. 119833946The resilience of Indian equities was driven by strong domestic investor participation, with mutual funds and retail investors pumping in a record Rs 6 lakh crore into the market. 119833955Sectorally, the Nifty Defence index emerged as the top performer, surging 33% in FY2025, while Financials and Healthcare indices recorded gains of 18% and 12%, respectively. On the flip side, Media, Energy, PSU Banks, and Realty indices underperformed, delivering negative returns during FY25.

Mumbai: Yields on the 10-year benchmark government securities are expected to ease 25 to 30 basis points to 6.25% to 6.30% in FY 26, building on last fiscal year's rather steep decline, amid expectations of further reductions in the policy repo rates and strong demand for bonds, experts said. Rates on home loans will likely ease, after being at a peak for three years.The 10-year benchmark yield closed at 6.57% on Friday, the last trading day of FY25. Over this financial year, the 10-year yield softened 47 basis points, its steepest retreat in five years, according to LSEG data."There are tailwinds that should bring down the benchmark yield and our December 2025 forecast is 6.30% and yields could also soften further," said Dhiraj Nim, economist & FX Strategist at ANZ Bank. "From a fiscal supply perspective, we are pretty disciplined and expectations of a fiscal deficit at 4.4% of GDP are supporting the market. From a demand perspective, banks will probably have a stronger appetite for bonds."119833718Softer government bond yields reduce overall boring costs for companies, as g-sec yields are used as a benchmark for corporate bonds.The announcement of the borrowing calendar for the first half of FY 26 also supported softening of yields as it was in line with market expectations of 54% to 55%. The government would be borrowing 54% - ₹8 lakh crore - of the total borrowing in FY26 during the first half.Heightened expectations of a rate cut are fueling softening of sovereign yields."Against the consensus view of approximately 50 basis point of additional easing, we continue to expect 75 basis point of further cuts to a terminal rate of 5.50% by end-2025, with 25 basis point cuts each in April, June and August," Nomura said in a recent report. RBI cut its repo rate by 25 basis points to 6.25% in February. This was followed by banks cutting interest rates of loans linked to the repo rate, like interest rates on the home loan.

State-owned IREDA on Monday reported a 27 per cent year-on-year rise in loan sanctions to Rs 47,453 crore in 2024-25. It had sanctioned loans worth Rs 37,354 crore in the previous year, Indian Renewable Energy Development Agency Limited (Ireda) said in a statement. Loan disbursements rose 20 per cent to Rs 30,168 crore from Rs 25,089 crore in 2023-24, as per the provisional data shared by the company. The outstanding loan book also expanded 28 per cent to reach Rs 76,250 crore as of March 31, 2025, up from Rs 59,698 crore in the previous year. IREDA CMD Pradip Kumar Das said, "Our consistent growth in loan sanctions, disbursements, and loan book reflects our strong dedication to financing renewable energy projects. We remain committed to supporting India's clean energy transition through innovative and accessible financing solutions." IREDA is a non-banking financial institution under the Ministry of New and Renewable Energy.

US stocks fell again on Monday while market volatility surged, as traders grapple with uncertainty about a slew of new tariffs that President Donald Trump has penciled in for April 2.Trump, who has been hyping Wednesday as "Liberation Day," has pledged to impose sweeping levies against trading partners on the date, but his administration has still not released a detailed plan about who or what will be impacted.A few minutes into trading, the Dow Jones Industrial Average dropped 0.5 percent to 41,364.02, while the broad-based S&P 500 Index fell 1.2 percent to 5,513.90.The tech-focused Nasdaq Composite Index lost 2.1 percent to trade down at 16,942.85."Right now investors are really trying to wrestle with what's coming down the pipe regarding tariffs," Steve Sosnick from Interactive brokers told AFP. "And the messaging over the weekend from the president doesn't provide a lot of clarity," he added.The CBOE Volatility Index, colloquially known as Wall Street's "fear gauge," jumped more than 10 percent, reflecting the market uncertainty. "I think the mood is very nervous out there today," said Sosnick. Among individual companies, US aviation giant United Airlines slipped more than 5.9 percent in early trading amid news that Canadians were pulling back on trips to the United States due to the tariffs.And drug maker Moderna's share price tumbled close to 11 percent as traders digested news that a top US Food and Drug Administration official had quit over disagreements with Trump's new health secretary, noted vaccine skeptic Robert F. Kennedy Jr.