Mahindra Makes Power Move
- 08th April 2025
Aaj Ka Bazaar
U.S. equity benchmarks experienced a volatile trading session, ultimately ending on a mixed note. While the S&P 500 and Dow Jones Industrial Average closed in negative territory, the Nasdaq staged a notable recovery from its intraday lows. The session’s choppiness was driven by growing concerns over a potential economic slowdown and persistently high inflation, which continue to weigh on investor sentiment. In contrast, Asian markets displayed signs of resilience. The Nikkei rebounded sharply following a significant decline in the previous session, and the Hang Seng Index remained buoyant after recovering from recent sell-offs. The positive momentum in the region appears to be fueled by optimism surrounding potential tariff negotiations by the U.S. administration, which could ease global trade tensions. Buoyed by the strength in Asian markets, Indian equities are poised for a positive opening. This optimistic outlook is further supported by cues from the SGX Nifty, which signals a continuation of the upbeat trend. Sectorally, the spotlight today will be on the cement industry, where recent price hikes announced by key players are expected to improve the earnings outlook for the upcoming quarter
Markets Around Us
BSE Sensex – 74,144.06 (1.38%)
Nifty 50 – 22,489.35 (1.48%)
Bank Nifty – 50,585.80 (1.46%)
Dow Jones – 38,657.41 (1.86%)
Nasdaq – 15,603.26 (0.10%)
FTSE – 7,702.08 (-4.58%)
Nikkei 225 – 32,849.90 (5.50%)
Hang Seng – 20,125.95 (1.50%)
Sector: Automobile
Mahindra Rises on New Tech Arm
Mahindra & Mahindra (M&M) shares rose over 2% to ₹2,548 on April 8 after the company set up a new fully owned subsidiary, Mahindra Advanced Technologies Limited (MATL), with a ₹5 crore investment. MATL, focused on security-related manufacturing and tech services, was officially incorporated on April 7 in Mumbai. This move aligns with M&M’s broader growth story—in FY25, the company sold 5.13 million vehicles, up from 4.27 million in FY24, boosting its market share to 12.34% and putting it close to overtaking Tata Motors for third place in India’s passenger vehicle market. Its EV market share also grew to 7.60%. Meanwhile, rivals like Maruti, Hyundai, and Tata Motors saw slight declines. Brokerage firm UBS expects M&M’s vehicle volumes to grow by 9% in FY26, driven by strong SUV demand and upcoming EV launches. M&M’s farm equipment division, contributing significantly to earnings, remains stable with no major tech or regulatory concerns.
Why it Matters:
This move signals M&M’s commitment to future-ready tech, especially in security and EV segments. With strong growth in sales and market share, the company is positioning itself as a serious challenger to industry leaders. It also shows investor confidence, as reflected in the recent stock price jump.
NIFTY 50 GAINERS
SHRIRAM FINANCE – 644.65 (4.99%)
TITAN COMPANY – 3169.10 (4.86%)
BHARAT ELEC– 282.90 (3.97%)
NIFTY 50 LOSERS
TRENT – 4964.05 (-0.08%)
SBI LIFE INSURANCE – 1460.35 (-0.03%)
POWER GRID CORP – 289.35 (-0.02%)
Sector : Gems, Jewellery and Watches
Titan Soars on Strong Q4 Growth
Titan shares jumped 6.5% to ₹3,222 on April 8 after it posted a strong Q4 update with 25% year-on-year revenue growth. Its jewellery business, the largest segment, also grew 25%, mainly due to higher gold prices, although this impacted demand from lower-budget buyers. The watches and wearables segment grew 22%, while the eyecare business rose 19%. Other categories like fragrances and fashion accessories saw a 26% rise, driven by increased fashion accessory sales. However, Titan’s ethnic wear brand Taneira saw a 4% dip. Caratlane, its digital-first jewellery brand, grew 22% and added 17 new stores, showing steady customer interest. The company also opened new stores for its premium brands like IRTH and SKINN. Despite the recent rally, Titan’s stock is still down 7% in 2025, underperforming the Nifty 50. Most brokerages remain optimistic, with 21 out of 35 recommending a “buy,” citing solid performance across key verticals and continued brand expansion.
Why it Matters:
Titan’s strong Q4 growth across key segments shows the brand’s resilience and adaptability despite market headwinds. Its continued expansion in premium and digital-first categories highlights long-term growth potential. The stock surge reflects renewed investor confidence in its diversified business model.
Around the World
Asian stock markets recovered modestly on Tuesday after recent heavy losses caused by rising global trade tensions. The rebound was led by Japan, where the Nikkei 225 and TOPIX surged over 7%, thanks to a weaker yen and strong gains in tech stocks like Tokyo Electron, Advantest, and SoftBank. U.S. tech stock recovery also helped boost investor sentiment, encouraging some dip-buying. However, caution remained due to ongoing trade tensions between the U.S. and China. President Trump threatened more tariffs if China doesn’t reverse its recent hike, while China vowed to retaliate. Despite this, Chinese markets edged up as state-owned firms pledged to invest more, and the central bank backed market support efforts. The CSI 300 and Shanghai Composite gained slightly, while Hong Kong’s Hang Seng rebounded 3% after a steep drop. Australia’s ASX 200 rose nearly 2%, South Korea’s KOSPI gained 1%, but Singapore’s market bucked the trend, falling over 2%
Option Traders Corner
Max Pain
Nifty 50 – 22600
Bank Nifty – 51000
Nifty 50 – 22053 (Pivot)
Support – 21,852, 21,542, 21,341
Resistance – 22,362, 22,563, 22,872
Bank Nifty – 49814 (Pivot)
Support – 49,202, 48,545, 47,933
Resistance – 50,471, 51,083, 51,741
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