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Investors in pharma and auto stocks are anxious ahead of the April 2 deadline for US tariffs. Despite a 6% fall over three sessions, experts believe the panic is unfounded, maintaining confidence in the sectors' long-term outlook. Trump's recent 25% tariffs on auto exports to the US, along with additional duties, have further affected market sentiment.
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The Indian market is expected to consolidate on Friday, influenced by muted global cues. Nifty futures closed with modest gains, while India VIX fell. Experts suggest a broader trading range between 23,000 to 24,000 zones. Various analysts have provided stock recommendations for short-term traders, including ONGC, Jindal Steel, DLF, Hero MotoCorp, and IEX with specific targets and stop losses.
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BEML has secured a Rs 405 crore contract from Bengaluru Metro Rail Corporation for manufacturing and launching metro cars, along with providing personnel training and 15 years of maintenance. Motilal Oswal Financial Mutual Fund acquired a 2.66 lakh-share stake in BEML. The stock has gained 13.6% recently, with a target price of Rs 3,838, indicating a 22% upside.
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