HDFC Life is seen posting 12-15% APE growth with a 100 basis points drop in VNB margin on a year-on-year basis, while ICICI Prudential s APE may stay flat with a 50 basis points margin squeeze and Axis Max Life may see a 200 basis points drop despite 10-14% APE growth. SBI Life s margin could fall 50 bps, while LIC stands out with a strong 18% VNB margin. LIC s APE could fall 10-12%.

Although credit trends in segments like unsecured personal loan and credit card are plateauing because a large pool of stressed loans are recognised, microfinance exposures are likely to continue experiencing stress, analysts and fund managers said.

Three out of four options contracts bought Friday were for more euro gains, according to data from the Depository Trust & Clearing Corporation. Traders say hedge funds are targeting a move to $1.20. And strategists at Mizuho International see rising odds that the currency hits that level-the highest since mid-2021-in the coming months.

Shares in Japan rose more than 1% with companies such as Toyota Motor Corp. jumping after President Donald Trump said he is exploring a pause in auto tariffs. Futures contracts for the S&P 500 pared earlier losses from a plan to impose tariffs on semiconductor and pharmaceutical imports. Treasuries were steady and a gauge of the dollar edged higher, trimming some of Monday’s decline.

BlackRock picked up a third of the entire sum and was the largest subscriber to the 3-5 year paper. Farallon Capital Management, Elham Capital-private credit arm of Hillhouse-Sona Asset Management and King Street Capital were others in the consortium, said people in the know.

U.S. stocks closed higher on Monday, buoyed by Apple s surge after the White House exempted smartphones and computers from new tariffs. Despite the gains, uncertainty surrounding future tariff rates, particularly on semiconductors, tempered overall market optimism. Investors remain concerned about the potential impact of ongoing trade tensions on corporate supply chains and long-term spending plans, leading to choppy trading.

Gold prices experienced a slight increase due to ongoing uncertainty surrounding U.S. President Trump s proposed tariffs and their potential impact on the global economy. Market participants remain cautious as Trump plans to announce tariff rates on imported semiconductors. Investment in Chinese gold ETFs has surged, surpassing both Q1 figures and U.S. inflows.

Oil prices saw a rise on Tuesday. This increase is due to President Trump s tariff exemptions. China s crude oil imports also rebounded. This rise happened as tighter Iranian supply was expected. Trump is considering changes to tariffs on auto imports. OPEC had lowered its demand outlook. China s oil imports in March increased by 5%.

The Indian rupee is expected to remain sensitive to global volatility stemming from fluctuating U.S. tariff policies, despite a weaker dollar offering some support. Government bond yields may ease due to central bank bond buying. Investors will also be watching for India s retail inflation data and key U.S. economic releases this week.