Securitisation volume in India rose 24 per cent on-year to around Rs 2.35 lakh crore in financial year 2024-2025, the highest on record, driven by large deals originated by private sector banks and steady fund raising by non-banking financial companies (NBFCs), according to a Crisil report released on Monday.

Securitization enables banks and NBFCs to convert illiquid assets, like loans or receivables, into tradable securities, financial institutions to raise capital and transfer risk to investors.

Crisil Ratings director Aparna Kirubakaran said, “The share of securitisation by banks increased sharply to 26 per cent in fiscal 2025 from around 5 per cent in fiscal 2024 as a few banks used securitization to manage challenges arising from high credit-deposit ratios. That, and steady issuances by large vehicle financiers and mortgage lenders helped offset the decline in volume from microfinance and gold loans.”

Markets are reacting to US tariff-related concerns and global uncertainties, yet these periods of volatility have always tested — and ultimately rewarded — long-term conviction, market experts said on Monday.

The Indian stock markets, like their global peers, reacted sharply to the US reciprocal tariffs, and plunged.

According to Arvind Kothari, smallcase manager and Founder, Niveshaay, panic is rarely a strategy and staying anchored to fundamentals is key.

“We urge investors to remain calm and focused, avoiding impulsive decisions driven by short-term noise. While it's difficult to pinpoint which sectors will rebound first, but domestic-focused areas like FMCG and consumption appear better placed in the near term,” he said.

In a bloodbath on the Dalal Street, the stock markets plunged on Monday morning following the global sell-off, as the trade war fear increased amid impending US reciprocal tariffs.

As of 9:55 am, Sensex was down 2,690 points or 3.57 per cent at 72,654 and Nifty was down 881 points or 3.85 per cent at 22,020.

Along with largecaps, massive selling was also seen in the midcaps and smallcaps. Nifty midcap 100 index was down 2,335 points or 4.61 per cent at 48,310 and Nifty smallcap 100 index was down 1,055 points or 6.73 per cent at 14,620.

On the sectoral front, all indices were in the red. Auto, IT, realty, media, energy and infra were major laggards.

In the Sensex pack, Tata Steel, Tata Motors, Infosys, Tech Mahindra, L&T, HCL Tech, TCS, Reliance Industries, NTPC, Axis Bank, M&M, Kotak Mahindra Bank, IndusInd Bank and M&M were major laggards.

As the Reserve Bank of India (RBI) began its Monetary Policy Committee (MPC) meeting (from April 7-April 9) here, SBI Research on Monday said it expects a 25-basis point rate cut in the policy and cumulative rate cut over the cycle could be at least 100 basis points, with two successive rate cuts over February and April.

With an intervening gap in June, the second round of rate cuts could start from August, said the SBI report.

“During February 2025 to March 2026, we expect at least 100 bps cut in repo rate (25 bps already cut in February 2025 and another 75 bps rest of FY26), which will transmit exactly same to EBLR and 60 bps in MCLR,” the report mentioned.

The report further stated that based on the available estimates of natural rate the neutral nominal policy rates works out at 5.65 per cent.

The Indian stock markets crashed on Monday morning over fears of US reciprocal tariffs set to come into force from April 9. The Nifty 50 and Sensex were trading 3.85 per cent and 4.16 per cent down, respectively, in early trade.

All the sectoral indices were trading in the red with IT and metal down 7 per cent each. BSE Midcap and smallcap indices were down 6 per cent each in early trade..

Tata Steel, JSW Steel, Tata Motors and ONGC were among major losers on the Nifty.

However, there was some recovery seen after the mayhem at the opening bell as buying returned.

According to experts, equity markets were expected to open on a bearish note today, as suggested by the GIFT Nifty, which hovered around 22,090 in early trades — reflecting a significant decline of 867 points.

Continuing with its humanitarian assistance to earthquake-ravaged Myanmar, India on Saturday delivered an additional 442-tonne of food aid under ongoing 'Operation Brahma'.

The consignment on board Indian Navy Ship Gharial arrived at Myanmar's Thilawa port and was formally handed over by the Indian Ambassador to Myanmar Abhay Thakur to Yangon Chief Minister U Soe Thein and his team.

"Meeting the needs of affected people. A large 442 tonne consignment of food aid (rice, cooking oil, noodles & biscuits) carried by Indian Navy landing ship tank INS Gharial arrived today at Thilawa Port and was handed over by Ambassador Abhay Thakur to CM Yangon U Soe Thein and team," Embassy of India in Yangon posted on X.

India has stepped up vigil to prevent the dumping of cheap Chinese imports in the country after the steep US tariff hike on the goods exported by the Communist country.

Commerce Secretary Sunil Barthwal is reported to have held a number of meetings to take stock of the situation. Government officials are also in touch with industry to get a wider view of the ground reality and formulate a strategy to protect the Indian economy.

The Commerce Ministry has already been keeping a close watch on goods such as steel from China which was hurting industry after the earlier round of tariff hike by the US. Now the vigil has been widened to other goods as well, a senior official confirmed.

While the US has hiked tariffs for all countries, China is the worst hit as the additional tariff of 34 per cent announced by President Donald Trump has ramped up the total duty to 54 per cent.

India’s 10-year (10Y) bond yield is projected to trade between 6.25-6.55 per cent in current fiscal (FY26), a report said on Saturday.

The government’s finely-tuned borrowing programme, with more supply of securities towards the short end, hints at keeping the long part of India’s yield curve broadly stable, according to a Bank of Baroda (BoB) report.

“The RBI’s measures will ensure that liquidity will be supportive of an orderly evolution of the yield curve. We expect India’s 10Y yield to trade between 6.25- 6.55 per cent in FY26,” said economist Dipanwita Mazumdar.

The trajectory of India’s 10Y yield in FY25 has been interesting. The start of FY25 was marked by some bit of stickiness in yield as in April, US 10Y yield has risen by 48bps itself on account of stickier inflation data and tight labour market conditions.

With a strong economic outlook, policy reforms and a resilient market, India remains an attractive destination for global capital, experts said on Saturday.

The recent reciprocal tariffs imposed by the US administration on Indian goods remain relatively modest as compared to other Asian countries, resulting to continue to give a competitive edge for India.

“This opens strong proposition to offer viable export opportunities for the country. India remains one of the fastest-growing economies, with a vast consumer market, skilled workforce, and having a government striving to usher in business-friendly reforms,” said Manoj Purohit, Partner and Leader, FS Tax, Tax and Regulatory Services, BDO India.

The government’s continued focus on infrastructure, digital growth, and ease of doing business further boosts investor confidence.

The new financial year (FY26) has commenced on a subdued note, largely driven by the imposition of higher-than-anticipated tariffs by the US, market experts said on Saturday, adding that any constructive developments arising from the ongoing India–US bilateral trade negotiations could serve as a supportive catalyst for the market.

Sectors like IT and metals have underperformed relative to the broader market, reflecting growing concerns over the outlook for the US economy and potential retaliatory trade actions by other countries.

According to Vinod Nair, Head of Research, Geojit Investments Limited, investors are expected to closely monitor any countermeasures implemented by global trade partners, which could further exacerbate geopolitical and economic uncertainty.

This cautious sentiment is reflected in the sustained rally in gold and bond prices, underscoring a pronounced shift toward safe-haven assets.