Markets in Asia-Pacific region were trading on a mixed note on Wednesday morning, as traders await clarity on tariff front from the US. The Nikkei 225 was trading 0.03% higher, while the Kospi was 0.29% down as of 7:21 a.m.
On Tuesday, most US share indices ended higher as technology stocks supported gains. The S&P 500 and Nasdaq Composite ended 0.38% and 0.87% higher, respectively. The Dow Jones Industrial Average ended 0.03% down.
The Dollar index was trading 0.02% down at 104.23. The Brent crude was trading 0.09% down at $74.42 a barrel. The Bloomberg spot Gold was trading 0.63% higher at $3,132.85 an ounce as of 7:24 a.m.
The GIFT Nifty was trading 0.19% or 44.50 points higher at 23,330.00 as of 7:23 a.m.
India's benchmark equity indices closed lower for the second consecutive session on Tuesday, weighed down by HDFC Bank Ltd. and ICICI Bank Ltd.
The NSE Nifty 50 ended 353.65 points or 1.5% down at 23,165.70, the lowest level since March 20. The BSE Sensex ended 1,390.41 points or 1.80% lower at 76,024.51, the lowest since March 21.
Foreign portfolio investors stayed net sellers on Tuesday for the second straight session as they sold equities worth Rs 5,901.63 crore, according to provisional data from the National Stock Exchange. Domestic institutional investors remained net buyers for the third consecutive session on Tuesday, as they mopped up equities worth Rs 4,322.58 crore.
Stocks To Watch
Auto stocks: Automakers will be in focus ahead of US President Donald Trump's expected tariff announcements on Wednesday. Auto stocks have also shared their sales updates for March, with Tata Motors reporting sales of 90,500 units, a slight yearly decrease. Hyundai Motor reported passenger vehicle sales reached 67,320 units, exceeding the estimated 60,500 units.
V-Mart Retail: The company's total sales grew 17% to Rs 780 crore in its business update for the final quarter. Same-store sales growth also grew by 8%.
CSB Bank: The company's total deposits rose 24% to Rs 36,861 crore. Gross advances grew 29.6% to Rs 31,843 crore.
SJVN: The company's arm completed a trial run of 241.77 MW capacity in the Bikaner Solar Project. The arm shall supply generated solar power to Rajasthan, Jammu & Kashmir, and Uttarakhand.
JSW Energy: The company recorded its highest annual capacity addition by adding 3.6 GW of generation capacity during the previous fiscal. The installed generation capacity now stands at 10.9 GW.
Godawari Power and Ispat: The company suspended mining activities at Boria Tibu. The operations at mines are set to resume after receipt of renewal approval from the Indian Bureau of Mines.
Hi-Tech Pipes: The company achieved annual sales of 4.85 lakh tonnes in fiscal 2025, its highest-ever yearly volume, reflecting a 24% year-on-year growth compared to fiscal 2024.
Siemens: The company's subsidiary, Siemens Energy India, appointed Sunil Mathur as chairperson, Guilherme Mendonca as managing director and chief executive officer, and Harish Shekar as chief financial officer.
Swiggy: The company received a tax assessment order from the Income Tax department of Rs 158 crore for April 2021 to March 2022.
Dabur India: The FMCG company also received an assessment order from the Income Tax department worth Rs 110 crore for fiscal 2018. The company is to file an appeal against the demand order.
Sun TV Network: The NCLT has approved the amalgamation scheme of Udaya FM with Kal Radio.
ICICI Bank: The bank announced its intention to exit its associate ICICI Merchant Services by divesting its entire 19% stake in the company.
Syngene International: The company has appointed Peter Bains as the managing director and chief executive officer.
Pidilite Industries: The company has appointed Sudhanshu Vats as the managing director and Kavinder Singh as the Joint managing director effective April 10.
Zaggle Prepaid Ocean Services: The company has entered into an agreement with Truecaller International to offer Zaggle Save.
Rites: The company and UP State Bridge Corp have mutually agreed to cease the execution of certain projects in Uttar Pradesh.
Shriram Pistons and Rings: The company has acquired a 100% stake in Karna Intertech, making it a wholly owned subsidiary.
Aditya Birla Capital: Aditya Birla Finance will be dissolved without undergoing the process of winding up following the scheme of amalgamation with the company.
Coal India: The company will increase coal prices by Rs 10 per tonne, bringing the price to Rs 20 per tonne, effective April 16. This hike applies to both Non-Coking and Coking Coal.
Shriram Finance: The RBI has approved the acquisition of a 100% stake in Shriram Overseas Investments from Shriram Investments. The company has appointed Parag Sharma as its managing director and chief financial officer.
Power Grid Corp.: The board of the company will consider the issue of non-convertible debentures on April 4.
Cummins India: The company has transferred its 100% stake in its subsidiary, Cummins Sales & Service, to PAL SVAM Power.
Hindustan Copper: Malanjkhand Copper Project achieves its highest-ever annual ore production, reaching 2.72 MT.
Tata Consumer Products: The company has received an assessment order from the Income Tax Department for Rs 262 crore, including interest, for FY22 and is in the process of filing an appeal against the order.
Quess Corp: The company announced new appointments to the boards of its demerged entities: Gurmeet Chahal as CEO and Suraj Prasad as CFO of Digitide Solutions, and Kamal Pal Hoda as CEO of Bluspring Enterprises.
Biocon: The company plans to evaluate raising funds through the issuance of Commercial Papers on April 4.
Tata Steel: The company has acquired 1.24 crore shares worth Rs 12.49 crore in the Indian Foundation for Quality Management, increasing its stake in IFQM from 9.09% to 16.66%.
March Auto Stock Review
Tata Motors: The company reported domestic sales of 90,500 units in March 2025, a slight decrease from the 90,822 units sold in March 2024. The commercial vehicle sales for March 2025 were 41,122 units, representing a 3% drop, while passenger vehicle sales saw a 3% increase, reaching 51,872 units. For the fourth quarter of FY25, total domestic sales were 245,891 units, indicating a 5% decline. Overall, for the entire fiscal year FY25, Tata Motors' total domestic sales reached 912,155 units, reflecting a 4% decrease compared to the previous year.
Hyundai India: The company reported passenger vehicle sales reached 67,320 units, exceeding the estimated 60,500 units. Total passenger sales grew by 2.6% year-over-year to 67,320 units. The Total exports amounted to 1,63,386 units YoY. Total domestic sales were 5,98,666 units YoY, and SUVs accounted for 68.5% of the company's domestic sales.
Maruti Suzuki India: The company reported total production at 1.94 Lakh units versus 1.66 lakh units. Total passenger vehicles production at 1.91 lakh units versus 1.63 lakh units.
Bulk Deals
Galaxy Surfactants: ICICI Prudential Mutual Fund bought 2.97 lakh shares (0.83%) at Rs 2,092 apiece.
Insider Trade
Apollo Hospitals Enterprise: Promoter PPN Power Generating Company Pvt. bought 1,327 shares on March 28.
Confidence Petroleum India: Promoter Confidence LPG Bottling revoked a pledge for 27.85 lakh shares.
Wardwizard Innovations & Mobility: Promoter Yatin Sanjay Gupte sold 21 lakh shares on March 26, Promoter Yatin Sanjay Gupte sold 31 lakh shares on March 27.
G N A Axles: Promoter Ranbir Singh (Revised) bought 1.38 lakh shares between March 25 and March 28.
Salasar Techno Engineering: Promoter Tripti Gupta sold 65 lakh shares on March 28, Promoter Shikhar Gupta sold 35.31 lakh shares, Promoter Kamlesh Gupta sold 35.97 lakh shares on March 28.
Paradeep Phosphates: Promoter Zuari Maroc Phosphates created a pledge for 6.5 crore shares on March 27.
Transindia Real Estate: Promoter Shashikiran Shetty bought 71,147 shares on March 28.
Trading Tweaks
Ex-dividend: RailTel Corp., MSTC.
List of securities shortlisted in Short-Term ASM Framework Stage 1: Jeena Sikho Lifecare,
List of securities to be excluded from ASM Framework: IKIO Lighting, TCPL Packaging, Ksolves India, Vibhor Steel Tubes.
F&O Cues
Nifty April futures down by 1.39% to 23,321 at a premium of 156 points.
Nifty April futures open interest up by 2%.
Nifty Options April 3 Expiry: Maximum call open interest at 25,400 and maximum put open interest at 22,500.
Securities in ban period: Nil
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