KEY HIGHLIGHTS
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Nifty, Sensex End Lower As Trump Tariff Weighs On Risk-On Sentiment; Infosys Drag Most
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Stock Market Live Update: Nifty IT Extends Losses As Infosys, TCS Share Prices Drag
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Sun Pharma, Dr. Reddy's Prop Up Nifty As Pharma Stocks Buck Trump Tariffs Market Rout
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Stock Market Live Update: Nifty IT Hits Over 10-Month Low As Trump Imposes Tariffs
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Rupee Opens Weaker Against US Dollar
Rupee Closes Stronger Against US Dollar
Rupee strengthened 7 paise to close at 85.44 against US dollar
It ended at 85.51 a dollar on Wednesday
Source: Bloomberg
Economic Data Releases And Events For April 3
Europe: European Central Bank Monetary Policy Meeting — 5:00 p.m.
US: Weekly Unemployment Claims — 6:00 p.m.
US: Final Services PMI — 7:15 p.m.
US: Energy Information Administration Natural Gas Storage Report — 8:00 p.m.
US: Federal Reserve Governor Philip Jefferson at the Conference on Financial Intermediaries, Markets, and Monetary Policy, in Atlanta — 9:30 p.m
Nifty, Sensex End Lower As Trump Tariff Weighs On Risk-On Sentiment; Infosys Drag Most
The Nifty 50 and Sensex ended lower as concerns over potential trade war dented risk-on sentiment
The Nifty 50 and Sensex ended 0.35% and 0.42% down, respectively.
The NSE Nifty IT hit the lowest level since June 24. It ended 4.21% down.
The NSE Nifty Pharma rose to over one-month high. It ended 2.25% higher.
The NSE Nifty Midcap 150 ended 0.20% higher.
The NSE Nifty Smallcap 250 ended 0.70% higher.
Shakti Pumps Secures Rs 12-Crore Order from Maharashtra Energy Department
Shakti Pumps has received a significant order worth Rs 12 crore from the Maharashtra Energy Department. The order involves the supply of 445 solar water pumping systems, aimed at promoting sustainable irrigation practices in the region.
European Market Update: Share Indices Decline On Concerns Over Trade War
Markets across eurozone were trading losses after tension rose regarding potential trade war following US tariff imposition. European Union has vowed to retaliate to US Donald Trump's 20% tariff on bloc's exports.
Dollar Near To Erasing All Post-US Election Rally
The euro extends advance, rises over 1% to its highest level in six months
The dollar close to erasing all of its gains since early November
Stock Market Live: Bank of Baroda Retail Advances Rose Over 19%
Domestic retail advances as On March 31 rises 19.4% to Rs 2.6 lakh crore.
Domestic advances as on March 31 up 13.7% to Rs 10.2 lakh crore.
Global Advances as on March 31 up 12.9% to Rs 12.3 lakh crore.
Domestic Deposits as of March 31 up 9.3% to Rs 12.4 lakh crore.
Global Deposits as of March 31 up 10.3% to Rs 14.7 lakh crore.
Global Business as on March 31 up 11.4% to Rs 27 lakh crore.
Stock Market Live: Marico Expects Doubles Digit Revenue Growth In Q4
Expect To Maintain Double Digit Revenue Growth Momentum In financial year 2026.
Crude Oil Derivatives Remained Rangebound in the fourth quarter.
Copra & Vegetable Oil Prices Remained Firm at Peak Level in fourth quarter.
Consolidated Revenue Growth In financial year 2025 Likely To Be In Low Double Digits
Expect Marginal Operating Profit Growth fourth quarter.
International Business Had Mid-Teen Constant Currency Growth in the fourth quarter.
Fourth quarter Consolidated Revenue Growth Moved To High-Teens.
India Business Witnessed Sequential Uptick In Volume Growth In the fourth quarter.
Mahindra Financial Share Price Update: Large Trade In Stock
Over 1.18 million shares of Mahindra Financial were traded via a block deal on Thursday. The share of Tata Steel fell as much as 1.92% to Rs 263.50 apiece.
Stock Market Live Update: E2E Networks Announces Deployment Of Nvidia H200 Clusters
E2E Networks Ltd. has announced the deployment of NVIDIA H200 clusters in Delhi NCR and Chennai, marking a significant milestone in India's AI revolution, the company said in an exchange filing.
Stock Market Today: Man Industries Share Price Erases Loss After Its Inclusion In Qatar Energy LNG's Approved Vendor List
Man Industries Ltd. has announced its inclusion in Qatar Energy LNG's approved vendor list. This recognition enables the company to explore potential business opportunities with Qatar Energy LNG, a leading player in the global energy sector.
Stock Market Live Update: Nifty IT Extends Losses As Infosys, TCS Share Prices Drag
The NSE Nifty IT extended morning losses and continued to be the top loser sector on the NSE. The index fell as much as 4.32% to 34,717.55 so far today. It was trading 4.27% down at 34,735.30 as of 12:37 p.m., as compared to 0.26% decline in the NSE Nifty 50 index.
Stock Market Live Update: Shilpa Medicare's Marketing PartnerLaunches BORUZU in the US
Amneal Pharmaceuticals, the marketing partner of Shilpa Medicare, has announced the launch of BORUZU (Bortezomib for Injection) in the US. This medication is approved for the treatment of multiple myeloma and mantle cell lymphoma.
Stock Market Live Update: GMR Airports Hits To Over Three-Month High
GMR Airports share price rose 5.25% to 82.98 apiece, the highest level since Dec 18, 2024. It was trading 4.13% higher at Rs 82.10 apiece as of 12:05 p.m., as compared to 0.20% decline in the NSE Nifty 50 index.
The share price rose as Citi Research initiated coverage on the company.
Stock Market Live Update: Dabur India Share Price Hits Lowest Level Since June 29, 2020
Dabur India Ltd. share price declined 7.57% to Rs 458.20 apiece, the lowest level since June 29, 2020. The stock price extended losses to fourth day. It was trading 6.16% down at Rs 465.20 apiece as of 12:02 p.m., as compared to 0.19% decline in the NSE Nifty 50 index.
Stock Market Live Update: Network People Services Technologies Wins Rs 168-Crore Order
Network People Services Technologies has secured a significant order worth Rs 168 crore from Central Bank of India. The order involves the supply of sound boxes equipped with QR codes, aimed at enhancing customer convenience and accessibility.
Network People Services Technologies Wins ₹168-Crore Order, Says EY India's Saurabh Agarwal
With US automotive tariffs rising, India's EV sector has a prime opportunity to capture a larger share of the US market, especially in the budget car segment.
China's 2023 auto and component exports to the US stood at $17.99 billion, while India's were only $2.1 billion in 2024, highlighting the potential for growth.
To accelerate this, the government should enhance the PLI scheme by including more auto components, opening it to new players, and extending it by two years.
Source: Saurabh Agarwal, partner and automotive tax leader, EY India
Stock Market Live Update Today: IDFC First Bank March Business Update
Total business as on March 31 rose 22.7% at Rs 4.8 lakh crore (YoY)
Loans & advances as on March 31 rose 20.3% at Rs 2.4 lakh crore (YoY)
Customer deposits as on March 31 rose 25.2% at Rs 2.4 lakh crore (YoY)
CASA ratio as on March 31 was at 46.9% vs 47.7% (QoQ)
Source: Exchange filing
Stock Market Live Update: Poonawall Fincorp March Business Update
Asset Under Management as on March 31 rose 14.7% to Rs 35,550 crore (QoQ)
Liquidity as on March 31 stands at Rs 4,670 crore
Source: Exchange filing
Stock Market Live Update: Brightcom Group Gets Interim Relief From Telangana HC
Brightcom Group has received interim relief from the Telangana High Court in a matter involving petitioners Y Ramesh Reddy, Y Srinivasa Rao, and Vijay Kancharla. This relief provides temporary protection to the petitioners, allowing them to proceed without facing immediate adverse actions. The court's decision indicates that the petitioners' concerns warrant further consideration, and the case will likely proceed with additional hearings.
Stock Market Live Update: Parag Milk Foods' Board Approves Fundraise
Parag Milk Foods' board has approved raising up to Rs 161 crore through a preferential issue of convertible warrants, according to an exchange filing.
Trump Tariff Impact: India's Exports May Drop $30 Billion, GDP May Take 0.8% Hit, Say Economists
US President Donald Trump announced a 26% tariff on Indian imports on Thursday, citing the country's higher tariff rates on American goods. The tariffs came into effect at midnight EST on Thursday, marking the move as one of the most aggressive in trade in recent history.
Read the full article here.
Trump Tariff Impact: Bharat Forge, Samvardhana Stocks Fall As 25%
Shares of auto parts makers tumbled on Thursday after US President Donald Trump imposed a 25% tariff on foreign automakers. The tariff, which applies to components from May 3, is a response to alleged unfair trade practices by countries like India, Vietnam and more.
Read the full article here.
Gold Has Become Euphoric Like Equities, Says Vijay Kedia,
Vijay Kedia, an individual investor, believes that gold has become euphoric just like equities. He suggests not to buy the bullion at this price range.
According to Kedia investors should rejoice that the tariff on India is relatively low. Tariff are good moves for India. Bull market is longer while bear market is getting shorter. He expects markets to bottom out by June.
Kedia sees opportunities in power and ancillaries. Kedia will hold onto pharma stocks, he said in an interview to NDTV Profit.
Trump Tariff Impact: Deepak Shenoy Warns of Global Dollar Dump
US President Donald Trump's action on reciprocal tariffs could lead to reserve banks worldwide dumping the dollar in favour of alternatives, according to Deepak Shenoy, Founder and Chief Executive Officer of Capital Mind.
Read the full article here.
Sun Pharma, Dr. Reddy's Prop Up Nifty As Pharma Stocks Buck Trump Tariffs Market Rout
The NSE Nifty Pharma index rose on Thursday to hit over one-month high, driven by relief across the sector as it was excluded from US President Donald Trump's new tariffs. Meanwhile, Sun Pharmaceutical Industries, Dr. Reddy's Laboratories Ltd., and Cipla Ltd. were the top gainers in Nifty 50.
Stock Market Live Update: Nifty IT Hits Over 10-Month Low As Trump Imposes Tariffs
The NSE Nifty IT declines as much as 2.80% to 35,266.30, the lowest level since June 27. Infosys Ltd., and Tata Consultancy Services Ltd. weighed on the Nifty IT index.
Stock Market Live Update Today: Nifty, Sensex Fall Sharply At Open As Trump Tariff Affects Risk-On Sentiment
The NSE Nifty 50 and BSE Sensex opened lower on Thursday as the US President Donald Trump unveilved sweeping tariffs on its trading partner to curb the trade imbalances. Trump imposed 26% levy on Indian imports.
The Nifty 50 and Sensex were trading 0.45% and 0.55% down, respectively as of 9:21 a.m.
"From a technical standpoint, the Nifty formed an inside candlestick on the daily chart, indicating indecisiveness in market sentiment. A breakout above key levels could lead to a bullish movement in the near term. Immediate support levels are seen at 23,000 and 22,800, which could present potential buying opportunities, while resistance levels are observed at 23,500 and 23,700," said Hardik Matalia, derivative analyst, Choice Broking.
Stock Market Live Update Today: Nifty, Sensex Trade Sharply Lower At Pre-Open
At pre-open, the NSE Nifty 50 was trading 182.05 points or 0.78% down at 23,150.30, and the BSE Sensex was trading 805.58 points or 1.05% down at 75,811.86.
Yield On The 10-Year Bond Falls
The yield on the 10-year bond opened 2 basis points lower at 6.46%. It closed at 6.48% on Wednesday, according to data on Bloomberg.
Rupee Opens Weaker Against US Dollar
Rupee weakened 24 paise to open at 85.75 against US dollar. It ended at 85.51 a dollar on Wednesday, according to data on Bloomberg.
Stock Market Live: ACMA On US Auto Tariff
Auto & auto parts subject to Section 232 tariffs at 25% not covered in latest order
Detailed list of auto components that will be subject to 25% auto tariff is awaited
ACMA says hopeful of a India-US trade deal that will be balanced for both nations
Note: The Automotive Component Manufacturers Association of India (ACMA) is the apex body representing the interest of India’s auto components industry
Quote
“ACMA is committed to engaging with all stakeholders to ensure the long-term interests of the Indian auto component industry.” — ACMA President Shradha Suri Marwah
Source: ACMA statement
Stock Market Today: AU Small Finance Bank Business Update (QoQ)
CASA ratio at 29.2% compared 30.6%
Total deposits rose 10.7% at Rs 1.2 lakh crore
Gross advances rose 7.7% ar Rs 1.1 lakh crore
Source: Exchange filing
Stock Market Live Update: Nuvama On Trump's Liberation Day Impact
Growth concerns beginning to dominate inflation concerns
Expect Fed’s policy choices get complicated
Bigger channel of impact is overall global slowdown to hurt everyone
India Implications:
Around 18% of total goods exports to US, 2% of GDP
Direct impact of taiffs on India limited, indirect impact is large
Weak overall global growth is likely to weigh on India’s exports
2/3 of India’s topline linked to global growth directly or indirectly
BSE500 topline and exports have strong correlation, earnings cut risks loom large
Portfolio Allocation:
Investors should position for a global risk-off
Overweight:
Private banks, insurance
consumer, telecom, pharma
cement, chemicals, QSR
Underweight:
Industrials, metals, PSUs
Recently downgraded IT to underweight on high valuations
Many Countries Will Just Walk Away From The Negotiating Table, Says BCA Research's Marko Papic
There is an absolutely exodus from the US in the last six weeks. Algorithm to calculate the tariff is sixth grade mathematics. It is a negotiating strategy but the price is so high that customer will likely walk away. Many countries will just walk away from the negotiating table, said Marko Papic, macro and geopolitical expert at BCA Research.
Almost every equity market has outperformed the US market. Papic believes that every equity market, including India, will outperform the US.
Formula for computation of the tariff is irrational. Tariff and US view is worse than the worst case scenario, said Ajay Bagga, a market expert.
NDTV Profit Exclusive: Commerce Ministry Monitoring Impact Of Reciprocal Tariffs Imposed By US
Reciprocal, differential tariffs imposed on India. Common 10% baseline tariff to come into effect starting April 5, additional 16% reciprocal tariff to hit India starting April 10. Tariffs seen as a mixed bag for India, according to sources in the Ministry of Commerce.
Some sectors will get impacted, some might benefit as India might get competitive edge against nations like Vietnam, Indonesia. US President retains power to reduce tariffs for countries that negotiate or satisfy American concerns.
India ahead in this scenario, given that bilateral trade negotiations have already started. More elaborate statement, analysis by Commerce Ministry expected during the day
Oil Update: Crude Prices Falls Over 2% Post US Tariff Policies
Crude oil prices declined over 2% early trade Thursday as the US imposed higher than expected tariffs on its trading partners to counter trade imbalances. US's protectionist trade policies threatens the present global trade ecosystem which may weigh on demand for crude oil.
China, world's second largest economy and one of the biggest consumer of crude oil now faces tariffs more than 50% from the US.
The brent crude was trading 2.45% down at $73.11 a barrel as of 7:38 a.m.
Gold Prices Hit Record High As Investors Run To Haven Asset Following US Tariff Announcements
Gold prices hit record high on Thursday as investors seek comfort in the safe-haven asset while tensions rise about the future of global trade ecosystem after US unveiled tariff policy Wednesday.
The bullion rose as much as 1.07% to record high of $3,167.84 an ounce so far today. It was trading 0.56% higher at $3,151.74 an ounce.
Asia Market Update: Nikkei 225 Slumps Over 4%; KOSPI Tumbles Nearly 3%
Japan's benchmark the Nikkei 225 slumped over 4% and hit the lowest level since early August 2024. The KOSPI index fell nearly 3% and touched the lowest level since Jan 3. Markets in China and Australia also logged sharp losses.
US President Donald Trump imposed tariffs over 50% on China, 24% on Japan. Trump imposed 10% levy to all exports to the US, and additional tariffs on around 60 nations to deal with the large trade imbalances, Bloomberg reported.
The Nikkei 225 and KOSPI pared losses to trade 2.68% and 1.07% down, respectively. The CSI 300 was 0.16% down as of 7:37 a.m.
US Market Update: US Futures Tumble After Trump Unveils Sweeping Tariff On Trading Partners
US stock futures tumbled after President Donald Trump unveiled sweeping tariff on trade partner countries. He imposed 10% tariff on all exports to the US, and different rates of additional tariff on trading partners on around 60 nations.
The Dow Jones Industrial and S&P 500 futures declined 1.88% and 2.79% down, respectively. The Nasdaq 100 futures fell 3.46% down.
On Wednesday, US markets closed higher on hopes that tariff policies will be less aggressive. The Dow Jones Industrial and S&P 500 ended 0.56% and 0.67% higher, respectively. The Nasdaq Composite ended 0.87% higher.
GIFT Nifty Implies Lower Open As US Tariff Impact Weighs; HDFC Bank, BEL In Focus
The GIFT Nifty was trading lower Thursday morning, which implied the benchmark indices may open in losses. US unveiled tariffs on Liberation Day which are higher than anticipated, which will affect global trade ecosystems significantly.
US President Donald Trump announced that a 10% levy will apply on all exports to the world's largest economy, and additional tariffs will apply on its largest trading partners. Trump announced 26% levy on Indian imports, 25% on automobile imports along with baseline tariffs.
The GIFT Nifty was trading 0.74% or 172.50 points lower at 23,050.00 as of 6:36 a.m.
HDFC Bank Ltd., IndusInd Bank Ltd., Bharat Electronics Ltd., MOIL Ltd., and Mahindra & Mahindra Financial Services share prices are in focus.
The benchmark equity indices snapped a two-day losing streak on Wednesday, tracking a rise in HDFC Bank Ltd.
The NSE Nifty 50 ended 166.65 points or 0.72% higher at 23,332.35, and the BSE Sensex closed 592.93 points or 0.78% up at 76,617.44.
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