Newsletter: 16th April 2025

IREDA Stock in Focus

Aaj Ka Bazaar

U.S. equity indices ended modestly lower, weighed down by lingering uncertainty surrounding tariffs. However, losses were limited by gains in financial stocks, supported by strong quarterly results from select peers. Despite the positive earnings, cautious corporate commentary—particularly concerns over weakening consumer sentiment linked to potential Trump-era tariffs—dampened overall market mood. Following the subdued U.S. session, Asian markets traded mixed. The Nikkei declined, led by losses in technology stocks after the U.S. announced new restrictions on chip exports to China. The Hang Seng also extended its losses amid continued tariff tensions and fresh export curbs, which further eroded investor sentiment. Notably, China’s GDP data exceeded expectations but failed to significantly boost market participation. On the domestic front, sentiment remains cautious, mirroring global weakness. The GIFT Nifty signals a likely gap-down opening, reinforcing the prevailing bearish outlook.

Markets Around Us

BSE Sensex 76,817.79 (0.11%)

Nifty 5023,356.80 (0.12%)

Bank Nifty52,761.10 (0.73%)

Dow Jones40,266.07 (-0.27%)

Nasdaq 16,823.17 (-0.05%)

FTSE 8,249.12 (1.39%)

Nikkei 22533,952.28 (-0.95%)

Hang Seng 20,922.54 (-2.60%)

Sector: Financial Institution

IREDA Profit Up, Stock Jump 7%

IREDA shares jumped nearly 7% after the company reported strong Q4 results for FY25. The state-owned renewable energy financier posted a 49% rise in net profit to ₹501.55 crore, driven by solid growth in its lending business. Revenue rose 37% year-on-year to ₹1,905 crore, with interest income up over 40%. Despite higher expenses, the company showed strong demand for its loans—its loan book grew 28% to ₹76,250 crore, with disbursements rising 20%. While margins for the full year dipped slightly, investor confidence remains high, especially after the stock had already rallied over 9% the previous day. IREDA shares have gained more than 20% in the past month, though they’re still down 24% for the year due to earlier corrections. With strong earnings and growing interest in renewable energy financing, the stock may continue to recover in the near future.

Why it Matters:

IREDA’s strong earnings highlight the rising demand for renewable energy financing in India. Its growing loan book and profit surge signal healthy business momentum. This could attract more investors as the clean energy sector gains traction.

 NIFTY 50 GAINERS

INDUSINDBK – 755.40 (2.65%)

TRENT – 4981.00 (2.13%)

AXISBANK– 1135.20 (2.01%)

NIFTY 50 LOSERS

MARUTI – 11674.00 (-1.53%)

BAJAJ-AUTO – 7877.00 (-1.48%)

ETERNAL- 219.71 (-1.13)

Sector : Electrical Equipment

Gensol Falls 5% after Promoter Ban

Gensol Engineering shares hit their 5% lower circuit on April 16 after SEBI barred its promoters, Anmol and Puneet Jaggi, from holding key positions or trading in the market. This action came after allegations of fund misuse, false disclosures, and poor corporate governance. SEBI stated that the promoters treated the public company like a personal business, using funds for unrelated expenses and routing money to related parties. As a result, the company’s planned 1:10 stock split has also been put on hold, as SEBI suspects it was intended to lure retail investors. Gensol’s stock has been falling due to ongoing concerns about mismanagement and debt. It’s down 46% in the past month and has lost 86% in the last year. With the promoters now removed from key roles and under regulatory scrutiny, the company faces serious trust and governance issues that may impact its recovery in the near term.

Why it Matters:

Gensol’s case highlights how poor corporate governance can put investor money at risk. The planned stock split could have attracted unsuspecting retail investors, worsening the damage. SEBI’s action sends a strong message against promoter misuse and aims to protect market integrity.

Desh Duniya Bazaar

Around the World

Most Asian currencies rose on Wednesday as the U.S. dollar weakened, staying close to its three-year low. The Japanese yen and Indian rupee gained, while the Chinese yuan slightly fell despite strong economic data. China’s GDP grew 5.4% in Q1 2025, beating forecasts, with industrial production and retail sales also showing solid growth—partly driven by exporters rushing shipments before new U.S. tariffs. However, uncertainty around President Trump’s changing tariff policies kept investors cautious. The U.S. has imposed high tariffs on Chinese goods, and China has responded with its own. There’s talk of some exemptions, like for cars and electronics, but policy flip-flops have made the situation unpredictable. Other Asian currencies like the Singapore dollar and Thai baht also gained slightly, while the South Korean won was flat ahead of an interest rate decision. Overall, traders remain watchful as currency movements are being driven more by policy risks than just economic data.

Option Traders Corner

Max Pain

Nifty 50 – 23300

Bank Nifty – 52100

Nifty 50 – 23301 (Pivot)

Support – 23,234, 23,139, 23,072

Resistance – 23,395, 23,462, 23,556

Bank Nifty – 52243 (Pivot)

Support – 51,999, 51,620, 51,376

Resistance – 52,622, 52,866, 53,245

 Have you checked our latest YouTube Video

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Newsletter: 17th April 2025

Angel One Profit Slumps

Aaj Ka Bazaar

US equity markets declined sharply after Federal Reserve Chair Jerome Powell indicated signs of a slowdown in economic growth. Speaking at the Economic Club of Chicago, Powell noted that higher-than-expected tariffs could lead to elevated inflation and slower growth, though he emphasized that the Fed would await further data before adjusting interest rates. Among the major indices, the Nasdaq Composite registered the steepest decline, weighed down by Nvidia’s warning of significant charges stemming from new the US restrictions on chip exports to China. In contrast, Asian markets reflected a more optimistic tone. The Nikkei posted strong gains, supported by bullish sentiment in technology and export-driven stocks, aided by favorable global cues and currency movements. The Hang Seng also rebounded as investors monitored developments in the US tariff negotiations. Back home, domestic indices are likely to open on a muted note, as suggested by GIFT Nifty. With the earnings season underway, market sentiment is expected to be driven by corporate results. Key earnings to watch today include Jio Financial Services, HDFC Life, and Infosys.

Markets Around Us

BSE Sensex 76,743.65 (-0.39%)

Nifty 5023,309.70 (-0.54%)

Bank Nifty53,142.75 (0.05%)

Dow Jones39,938.37 (0.68%)

Nasdaq 16,307.16 (-3.07%)

FTSE 8,275.60 (0.32%)

Nikkei 22534,226.19 (0.90%)

Hang Seng 21,367.81 (1.48%)

Sector: StockBroking

Angel One Tumbles On Profit Plunge

Angel One shares dropped after the company reported a 49% year-on-year decline in net profit for Q4FY25, falling to ₹174.5 crore. Quarter-on-quarter, profit fell 38%, and total income also dropped 16% to ₹1,057.8 crore. Operating earnings (EBDAT) slipped 36%. Despite the weak earnings, Angel One added more clients—its total client base rose 39.5% YoY to 3.1 crore, and its share in India’s demat accounts increased to 16.1%. However, new client additions fell 43.9% YoY. The number of active clients on NSE grew 24% YoY to 76 lakh, helping the company maintain its position as the third-largest by active clients. Angel One declared a ₹26 final dividend per share. Looking ahead, the company remains optimistic about long-term growth, believing that ongoing regulatory changes will support a stronger, more transparent market environment.

Why it Matters:

Angel One’s steep drop in Q4 profit highlights growing challenges in the broking industry, despite market participation rising. The company’s strong growth in client base shows retail interest remains strong, but declining income and profitability raise concerns. This earnings miss and share price fall could affect sentiment across the entire broking sector.

 NIFTY 50 GAINERS

ICICI BANK – 1382.00 (1.89%)

GRASIM – 2737.80 (1.29%)

HDFCBANK– 1896.10 (0.96%)

NIFTY 50 LOSERS

WIPRO  – 233.60 (-5.67%)

HCLTECH – 1393.10 (-2.70%)

HEROMOTOCO- 3687.10 (-2.51)

Sector : Financial Institution

IRFC Jumps as GST Demand Cancelled

IRFC shares are likely to be in focus after the Madras High Court cancelled a ₹230.55 crore GST demand against the company. The court accepted IRFC’s appeal and asked the tax department to review the matter again, allowing IRFC to submit its objections and documents within four weeks. A personal hearing will be scheduled before any fresh order is passed. This brings temporary relief to IRFC, as the earlier tax demand is no longer valid for now. Although the case is not fully closed, the company no longer has to account for this large tax amount immediately. IRFC also clarified that this development has no impact on its financial statements and there are no legal cases against its top management. This legal win removes uncertainty around

Why it Matters:

The Madras High Court cancelling IRFC’s ₹230.55 crore GST demand eases a major financial burden for the company. It clears legal uncertainty and boosts investor confidence in the near term. While the case will be reviewed again, this development supports a more stable outlook for the stock.

Desh Duniya Bazaar

Around the World

Asian currencies traded mixed today as investors weighed the impact of persistent U.S.–China trade tensions and awaited fresh cues from central banks. The Indian rupee held steady after yesterday’s gains, while the Japanese yen edged slightly lower on profit booking. The Chinese yuan remained under pressure despite strong Q1 growth, as uncertainty around U.S. tariff exemptions lingered. Meanwhile, the South Korean won reacted positively after the central bank held rates unchanged, in line with expectations. Currency markets remained cautious overall, with traders focusing more on geopolitical risks and potential Fed signals than on regional economic indicators.

Option Traders Corner

Max Pain

Nifty 50 – 23300

Bank Nifty – 52500

Nifty 50 – 23387 (Pivot)

Support – 23,322, 23,208, 23,143

Resistance – 23,501, 23,566, 23,681

Bank Nifty – 52243 (Pivot)

Support – 51,999, 51,620, 51,376

Resistance – 52,917, 52,224, 51,978

 Have you checked our latest YouTube Video

Did you know?

India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Newsletter: 15th April 2025

HDFC Shares Rise 3.8%

Aaj Ka Bazaar

The overall global market outlook remain positive for today’s trading session, with gains recorded across markets. The US market ended higher on Monday, albeit modestly with Apple leading the gaon across indices as the US administration exempted smartphones and computers from its tariff portfolio. Uncertainty over future tariffs capping potential optimism, with concerns over how companies will navigate their supply chain amidst the tariff chaos. On the Asian front, Nikkei started off with a robust debut, largely on the back of the broader equity market rebound with Automotives, Technology, and export linked shares being the key growth drivers further aided by weaker yen, boosting the sentiments of exports. Hang Seng however experienced a steep declines from its debut, with concerns of failing tariff negotiation weighing in on the investor sentiment. On account of the positive global market landscape, the the domestic indices are likely to remain buoyant during the day, the expectations being further bolstered by the positive cue from GIFT Nifty. We expect Pharma stocks to likely be in light during the trading session, owing to dynamic changes in the landscape with the onset of Trump’s hefty 145% tariff on China, which will likely pressurize the supply chain of Indian pharma companies.

Markets Around Us

BSE Sensex 76,771.05 (2.15%)

Nifty 5023,310.95 (2.11%)

Bank Nifty52,191.75 (2.32%)

Dow Jones40,536.93 (0.03%)

Nasdaq 16,831.48 (0.64%)

FTSE 8,134.25 (2.05%)

Nikkei 22534,314.41 (0.98%)

Hang Seng 21,457.61 (0.19%)

Sector: Banking

Rate Cut Sparks 4% HDFC Surge

HDFC Bank shares rose 3.8% in early trade on Tuesday, hitting ₹1,875 on the NSE after the bank cut its savings account interest rate by 25 basis points to 2.75%, effective April 12. This is now the lowest rate among major private sector banks, with ICICI and Axis Bank still offering 3% on similar balances. The move follows the RBI’s second repo rate cut of the year and is likely aimed at reducing the bank’s cost of funds to support margins in a falling interest rate environment. While this may help improve profitability, it could also raise concerns among depositors in a competitive market. Since merging with HDFC in July 2023, the bank’s credit-deposit ratio has risen above 100%, putting more focus on growing its deposit base. By lowering savings rates, the bank may be encouraging customers to move funds into higher-return products like fixed or recurring deposits, which offer more stability.

Why it Matters:

HDFC Bank’s savings rate cut helps lower its funding costs, which can support profit margins. It may also encourage customers to shift funds into term deposits, improving long-term deposit stability. This move reflects how banks are adjusting to a softer interest rate environment following recent RBI rate cuts.

 NIFTY 50 GAINERS

INDUSINDBK – 731.15 (6.04%)

TATAMOTORS – 622.90 (4.68%)

LT– 3255.00 (4.46%)

NIFTY 50 LOSERS

HINDUNILVR – 2352.50 (-0.58%)

NESTLEIND – 2355.40 (-0.25%)

ITC- 420.85 (-0.17)

Sector : Auto Components

High Volume Lifts Sona BLW Shares

Sona BLW Precision Forgings shares jumped 5.44% to ₹454.85 in today’s session, backed by trading volumes well above the 20-day average. This spike signals strong investor interest, likely driven by market optimism or potential developments within the company. Sona BLW is part of several major indices like NIFTY 500 and NIFTY Midcap 100, reflecting its importance in the auto components sector. Financially, the company has shown solid growth, with revenue rising from ₹538.69 crore in 2020 to ₹2,891.83 crore in 2024, and net profit climbing from ₹84.08 crore to ₹484.48 crore in the same period. Its EPS has also improved over time, though recent quarterly figures show some fluctuations. Despite strong fundamentals, current investor sentiment is cautious, with the stock closing at ₹455.25 on April 15, 2025. Overall, today’s price action suggests growing interest in the stock amid a volatile market and sector-focused momentum.

Why it Matters:

Sona BLW’s sharp rise in price and volume reflects renewed investor interest backed by strong financial growth. Its presence in key market indices underlines its importance in the auto components space. While short-term sentiment remains cautious, the company’s fundamentals point to solid long-term potential.

Desh Duniya Bazaar

Around the World

Most Asian stocks rose on Tuesday, supported by hopes that U.S. President Trump would grant more exemptions from his trade tariffs, although concerns about the trade war and additional tariffs limited gains. Chinese stocks were mixed as Beijing faced tensions with the U.S., with some relief from tariff exemptions but uncertainty over their temporary nature. Markets in Asia were lifted by a positive Wall Street lead, where gains were driven by optimism over tariff exemptions and strong bank earnings. Tech and auto stocks, particularly in Japan and South Korea, saw strong performances, with Japanese carmakers Honda and Toyota surging after Trump suggested he might reduce auto tariffs. Chinese stocks, however, faced pressure amid the trade conflict and fears of economic slowdown, with analysts lowering growth forecasts. Investors are awaiting China’s GDP data, due Wednesday, to see if stimulus measures have helped boost growth.

Option Traders Corner

Max Pain

Nifty 50 – 23200

Bank Nifty – 51600

Nifty 50 – 22815 (Pivot)

Support – 22,708, 22,587, 22,479

Resistance – 22,936, 23,044, 23,165

Bank Nifty – 50960 (Pivot)

Support – 50,676, 50,349, 50,065

Resistance – 51,286, 51,570, 51,897

 Have you checked our latest YouTube Video

Did you know?

India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Newsletter: 11th April 2025

Biocon’s Big FDA Win

Aaj Ka Bazaar

The US market ended lower overnight after a historic rally seen in the previous session in response to the temporary tariff relief. President Trump didn’t rule out extending his 90-day tariff pause but said if the White House can’t come to new agreements with its trading partners, the steeper rates would go back into effect. In economic releases, US inflation cooled broadly in March while there has been a slight increase in jobless claims last week. Asian markets were sharply lower this morning after scoring big gains in the previous session. There were concerns that the U.S.-China trade war will probably get worse before it gets better. Indian market look set to open on a buoyant note Friday after US President abruptly announced a 90-day pause on new reciprocal tariffs on most countries, but raised duties for China, making Beijing increasingly isolated for its lack of respect shown to world’s markets. However, all other countries face a baseline tariff of 10%.

Markets Around Us

BSE Sensex 75,028.53 (1.60%)

Nifty 5022,774.75 (1.68%)

Bank Nifty50,825.05 (1.16%)

Dow Jones39,544.49 (1.57%)

Nasdaq 16,387.31 (-4.31%)

FTSE 7,913.25 (2.95%)

Nikkei 22533,167.20 (-4.17%)

Hang Seng 20,718.18 (0.22%)

Sector: Pharmaceuticals

FDA Nod Boosts Biocon Cancer Drug

Biocon’s share price rose nearly 4% in early trade on April 11 after its subsidiary, Biocon Biologics, received USFDA approval for a new cancer drug called JOBEVNE. This drug is a biosimilar version of Avastin, used to treat multiple types of cancer by cutting off the blood supply to tumors. The approval strengthens Biocon’s oncology portfolio in the US, adding to its existing cancer treatments like OGIVRI and FULPHILA. JOBEVNE is already approved and sold in Europe and Canada under the name ABEVMY. At 9:29 AM, Biocon was trading at ₹316.85, up ₹11.65. Despite the recent jump, the stock is still 21% below its 52-week high of ₹404.60 and 21% above its 52-week low of ₹260.00. Biocon also recently got USFDA approval for another drug used to treat low blood pressure. The company’s market cap currently stands at ₹38,041 crore, though the stock had dropped 8% in the past five days.

Why it Matters:

This approval matters because it strengthens Biocon’s position in the high-potential US oncology market, adding to its growing biosimilar portfolio. It also opens up a new revenue stream, boosting long-term business prospects. For investors, such regulatory milestones can signal growth momentum and support stock price appreciation.

 NIFTY 50 GAINERS

TATA STEEL – 134.70 (4.61%)

CIPLA – 1478.55 (4.45%)

JSW STEEL– 986.50 (4.33%)

NIFTY 50 LOSERS

ASIAN PAINTS – 2387.75 (-0.97%)

APOLLO HOSPITAL – 6833.15 (-0.01%)

Sector : Heavy Electrical Equipments

BHEL Strategic Pact Boosts Share price

BHEL’s share price rose nearly 2% on April 11, marking its third consecutive day of gains. The rise came after BHEL signed a 10-year Memorandum of Understanding (MoU) with Nuovo Pignone International to explore compressor revamp projects in India’s fertilizer sector. Under this deal, BHEL will act as the lead bidder, while Nuovo Pignone will be a nominated vendor with a defined role. This long-term partnership could open up new business opportunities and boost BHEL’s presence in the fertilizer segment. At 9:24 AM, the stock was trading at ₹215.75. BHEL has also been active in other sectors—recently partnering with Hitachi Energy to build a massive HVDC terminal to transmit renewable energy across states. Despite the recent uptick, the stock is still down nearly 35% from its 52-week high of ₹335.40, though it’s up 22.59% from its 52-week low. BHEL’s market cap currently stands at ₹75,125 crore

Why it Matters:

This MoU strengthens BHEL’s role in India’s fertilizer sector by positioning it as the lead bidder for compressor revamp projects. It also opens a steady pipeline of business over the next decade, enhancing revenue visibility. For investors, it signals long-term growth potential despite recent stock underperformance.

Desh Duniya Bazaar

Around the World

The new 10-year MoU boosts BHEL’s position in the fertilizer sector, where it will lead bids for upgrading compressor systems—a key part of fertilizer plants. Nuovo Pignone International will work alongside BHEL as a partner on these projects. This agreement gives BHEL a steady flow of business opportunities for the next decade, which can help improve its revenue stability. It also adds to the company’s efforts to expand its presence in core industrial sectors. For traders and investors, this is a positive sign as it shows that BHEL is building a strong project pipeline, which could lead to better financial performance in the future. Even though the stock has dropped about 35% from its recent high, moves like this could help turn investor sentiment more positive. Overall, the MoU shows BHEL’s focus on long-term growth and maintaining relevance in key sectors like fertilizers and infrastructure.

Option Traders Corner

Max Pain

Nifty 50 – 22300

Bank Nifty – 51000

Nifty 50 – 22407 (Pivot)

Support – 22,345, 22,291, 22,229

Resistance – 22,460, 22,522, 22,576

Bank Nifty – 50215 (Pivot)

Support – 49,935, 49,629, 49,348

Resistance – 50,521, 50,802, 51,1107

 Have you checked our latest YouTube Video

Did you know?

India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Newsletter: 09th April 2025

Senco Gold Shines Bright

Aaj Ka Bazaar

US markets slipped into the red on Tuesday, despite early-session gains, as investor sentiment turned sour following a key trade policy update. The U.S. shared plans to impose a 104% duty on select imports from China in the near term, dampening hopes of a resolution to ongoing trade tensions. This development weighed heavily on equities, marking the fourth consecutive session of losses. The S&P 500 is now down nearly 19% from its February high, approaching the 20% threshold typically used to define a bear market. The negative sentiment spilled over into Asian markets, with major indices trading lower in early hours. Japan’s Nikkei and Hong Kong’s Hang Seng both declined by over 2%, reflecting rising concerns about global growth and the escalating U.S.–China trade standoff. In Japan, fading hopes of tariff relief have further fueled economic uncertainty, while in Hong Kong, markets are reeling from the intensifying trade conflict, with neither side showing signs of backing down. Back home, Indian markets are poised for a weak start, mirroring global trends. Early indications from GIFT Nifty suggest a subdued opening, as investor sentiment remains under pressure amid persistent geopolitical and economic headwinds. Meanwhile, crude oil prices continue to slide, which could pose headwinds for OMCs in today’s session.

Markets Around Us

BSE Sensex 73,891.75 (-0.45%)

Nifty 5022,426.90 (-0.48%)

Bank Nifty50,377.10 (-0.27%)

Dow Jones37,112.38 (-1.42%)

Nasdaq 15,267.91 (-2.15%)

FTSE 7,910.53 (2.64%)

Nikkei 22531,761.31 (-3.76%)

Hang Seng 19,817.50 (-1.56%)

Sector: Gems, Jewellery & Watches

Senco Gold Achieves Record Q4 Revenue

On April 9, Senco Gold shares hit the 5% upper circuit at ₹317 after the company posted its highest-ever Q4 revenue of over ₹1,300 crore, up 19.1% year-on-year. For the full financial year, revenue crossed ₹6,200 crore, showing strong 19.4% growth in retail. This performance was driven by high wedding and festive demand, leading to more store visits and higher customer billing. Same-store sales grew 18.4% for the quarter. Tier 3 and Tier 4 towns saw faster growth than metros, while non-East India markets also grew 23%. Diamond jewellery sales jumped 39%, and the studded jewellery ratio improved slightly. Gold coins and bullion made up less than 4% of total sales. The company opened 15 new showrooms in FY25, including 4 in Q4, expanding its network to 175 stores across India and Dubai. Despite strong Q4 numbers, the stock is still down 46% in 2025, while Nifty 50 has slipped just 5%.

Why it Matters:

This update matters because Senco Gold’s record-breaking revenue highlights strong consumer demand, particularly from Tier 3 and Tier 4 towns, indicating a shift in market momentum. The company’s focus on expanding its retail footprint and growth in high-margin diamond jewellery suggests solid long-term potential. Despite these strong fundamentals, the stock has declined over 46% this year, making it an undervalued opportunity that traders and investors may want to watch closely.

 NIFTY 50 GAINERS

POWER GRID CORP – 294.30 (1.87%)

NESTLE – 2306.45 (1.36%)

HUL– 2310.45 (0.93%)

NIFTY 50 LOSERS

WIPRO – 238.95 (-3.36%)

TECH MAHINDRA – 1276.15 (-2.91%)

DR REDDY LABS – 1077.80 (-2.72%)

Sector : Pharma

Trump Tariffs Hit Pharma Stocks Hard

Indian pharma stocks, including Sun Pharma, Gland Pharma, Lupin, and others, fell sharply on Wednesday after former U.S. President Donald Trump announced plans to impose major tariffs on pharmaceutical imports. Gland Pharma dropped nearly 6%, Aurobindo Pharma fell close to 5%, and Biocon slipped over 4%, while many other pharma stocks also declined 2-3%. As a result, the Nifty Pharma index was down by 2.64%. Trump stated that the new tariffs are aimed at encouraging drug companies to bring their operations back to the U.S. This announcement is part of a larger trade strategy where the U.S. will apply a minimum 10% tariff on almost all trading partners, with higher duties for countries running trade surpluses with the U.S. A new round of these tariffs has already begun, with the broader plan branded as “Liberation Day.” The move is expected to impact global pharmaceutical supply chains and investor sentiment in the sector.

Why it Matters:

This development matters as U.S. tariffs on pharma imports could significantly impact Indian pharmaceutical exports and revenues. It raises concerns over global supply chain disruptions, especially for companies dependent on the U.S. market. The sharp drop in pharma stocks reflects investor anxiety about future trade and regulatory challenges.

Desh Duniya Bazaar

Around the World

Asian markets dropped sharply on Wednesday after a short-lived recovery, as U.S. President Donald Trump raised tariffs on Chinese goods to a steep 104%, intensifying global trade tensions. Japan’s Nikkei fell 3%, Hong Kong’s Hang Seng dropped over 2%, and South Korea’s KOSPI slipped 1%, now nearing bear market territory with a 20% fall from its peak. While Chinese markets stayed mostly steady due to government support from state-backed funds, global investor sentiment remained weak. The Shanghai Composite edged down 0.2%, and the CSI 300 was flat. Australia, Singapore, and India also saw declines, with futures on India’s Nifty 50 down 0.4% ahead of the RBI’s expected rate cut. U.S. markets also saw heavy losses overnight, with the S&P 500 falling below 5,000 for the first time in a year. The deepening U.S.-China trade war is now a key worry for markets, triggering fears of a broader slowdown in global growth.

Option Traders Corner

Max Pain

Nifty 50 – 22500

Bank Nifty – 51000

Nifty 50 – 22501 (Pivot)

Support – 22,305, 22,074, 21,879

Resistance – 22,731, 22,927, 23,158

Bank Nifty – 50445 (Pivot)

Support – 50,096, 49,682, 49,333

Resistance – 50,859, 51,208, 51,622

 Have you checked our latest YouTube Video

Did you know?

India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Newsletter: 08th April 2025

Mahindra Makes Power Move

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 5022,489.35 (1.48%)

Bank Nifty50,585.80 (1.46%)

Dow Jones38,657.41 (1.86%)

Nasdaq 15,603.26 (0.10%)

FTSE 7,702.08 (-4.58%)

Nikkei 22532,849.90 (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.

Desh Duniya Bazaar

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

 Have you checked our latest YouTube Video

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Weekly Report: 05th April 2025

Weekly Trend Report

Week Gone By

The Key equity indices faced significant setbacks during the truncated week, driven by global sell-off triggered by President Trump’s unexpected tariff hike. This move led to a sharp decline in global markets. Despite the volatility, Moody’s projected India’s growth at 6.5%, reflecting resilience. The RBI announced an Rs 80,000 crore Open Market Operation to boost liquidity. The domestic equity benchmarks extended their losing streak for the second consecutive session on Tuesday, The S&P BSE Sensex tanked 1,390.41 points, or 1.80%, to 76,024.51. The Nifty 50 index tumbled 353.65 points, or 1.50%, to 23,165.70. On the macroeconomic front, the US ADP National Employment Report showed that private payrolls increased by 155,000 in March, following an upwardly revised 84,000 gain in February—a sign that the labor market remains resilient despite economic uncertainties.

Week Ahead

Indian market remains under pressure as global headwinds take center stage. A sharp decline in US markets and fresh concerns over potential pharma tariffs have dampened sentiment, paving the way for a time-wise correction. Despite near-term volatility, domestic economic fundamentals remain robust, with RBI’s supportive policies acting as a cushion. The upcoming Q4 earnings season will be a key driver of market direction. The ongoing tug-of-war between FIIs and DIIs, alongside external factors like crude oil prices and the dollar’s strength, will continue to shape sentiment in the week ahead. The Reserve Bank of India (RBI)’s monetary policy committee (MPC) is scheduled to meet during April 7 to 9, 2025. In its previous meeting, the MPC voted to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points with immediate effect. Japan’s consumer confidence data for March will release on 9 April 2025. The US FOMC minutes will be released on 9 April 2025. China’s consumer price inflation data for March will release on Thursday, 10 April 2025.  US inflation data for March will release on Thursday, 10 April 2025. 

Technical Overview
  • Bearish Breakdown – Nifty breached multiple support levels, confirming a bearish continuation pattern.
  • Fibonacci Support Lost – The index slipped below the 0.382 retracement at 23,141, weakening buyer interest.
  • Supply Zone Shift – The 23,000–23,200 range has turned into a strong resistance, capping upside attempts.
  • Key Support Levels – Immediate support lies at 22,800–22,500, with a decisive breakdown triggering deeper losses.
  • 20-Day EMA Breach – Trading below this moving average confirms bearish dominance in the short term.
  • Put-Call Ratio Drop – PCR fell to 0.60, indicating aggressive call writing and fading bullish momentum.
  • Max Pain at 23,100 – Options data suggests bearish control as bulls struggle to reclaim higher levels.
  • India VIX Rises – A slight increase to 13.75 signals cautious sentiment, though volatility remains contained.
  • Sell-on-Rise Strategy – As long as Nifty trades below 23,000, selling into rallies remains the preferred approach.

To view the detailed report click here to   Download 

Newsletter: 07th April 2025

AstraZeneca Eyes Strong Comeback

Aaj Ka Bazaar

The US market turmoil deepened on Friday as China hit back at tariffs announced by President Donald Trump, raising the likelihood of an extended trade war that could cut into corporate profits and stall economic growth. Federal Reserve Chair Jerome Powell said in remarks at a business journalist conference that it is becoming clear that the tariff increases will be significantly more significant than expected. The same is likely true of the economic effects, including higher inflation and slower growth. Asian markets were deep in the red, with benchmark indexes in Australia, New Zealand, South Korea, China, Hong Kong and Japan falling 4-9 per cent. Indian market may follow global peers lower on Monday as tariff woes and fears of a recession weighed on risk assets, wiping out nearly $6 trillion in value from US stocks last week. Energy-related stocks may be in focus after the price of crude oil extended losses after plummeting to its lowest levels over three years on demand concerns.

Markets Around Us

BSE Sensex 72,676.46 (-3.57%)

Nifty 5022,072.50 (-3.63%)

Bank Nifty50,082.75 (-2.76%)

Dow Jones37,285.29 (-2.69%)

Nasdaq 15,602.03 (-5.73%)

FTSE 8,054.98 (-5.21%)

Nikkei 22531,658.95 (-6.28%)

Hang Seng 20,467.24 (-10.43%)

Sector: Pharma

AstraZeneca Eyes Gains After Drug Greenlight

AstraZeneca Pharma is likely to end its four-day losing streak on April 7 after receiving permission from India’s drug regulator (CDSCO) to import and sell its cancer drug Osimertinib (Tagrisso) for a new use. This approval allows the drug to be used in combination with chemotherapy as a first-line treatment for certain types of advanced lung cancer (NSCLC) with specific gene mutations. While the company still needs a few more statutory approvals, this marks a significant step in expanding its cancer treatment portfolio in India. The stock had recently fallen but is now showing signs of recovery. Over the past year, it has delivered a 55% return, with a 52-week high of ₹9,050 and a low of ₹5,000. It currently trades 12.6% below its peak. With a market cap of ₹19,771 crore, the stock remains one to watch closely, especially with strong momentum from this regulatory greenlight.

Why it Matters:

This approval expands AstraZeneca’s presence in India’s growing cancer treatment market. It also boosts investor confidence by potentially increasing future revenue. For traders, it signals a strong bounce-back opportunity after recent stock declines.

 NIFTY 50 GAINERS

TORRENT PHARMA – 3298.95 (0.38%)

NIFTY 50 LOSERS

TRENT – 4728.45 (-15.00%)

TATA STEEL – 126.35 (-10.00%)

TATA MOTORS – 562.30 (-8.40%)

Sector : IT

IT Stocks Plunge Amid Escalating Trade Tensions

Nifty IT dropped 7% in early trade on April 7 as global markets tumbled and fears around US tariffs hit investor sentiment. Most Indian IT companies like Infosys, TCS, HCL Tech, and mid-caps like Coforge and Mphasis rely heavily on US clients for business. With US President Trump doubling down on tariffs, there’s worry that new deal wins from American firms may slow down, directly affecting their revenue. Infosys alone fell 10% while other IT stocks saw 6–9% dips. Global indices also crashed—Nasdaq futures dropped 5.45%, Nikkei fell 7.8%, and Hang Seng sank 10%. Overall, rising macro risks and global uncertainty have made investors cautious about the Indian tech sector. IT stocks have already dropped 6% in the last month and 20% in six months, eroding massive investor wealth. Experts warn that growth concerns and valuation risks could continue to impact the sector in the near term.

Why it Matters:

This matters because Indian IT companies depend heavily on the US for business, and any slowdown in deal flow due to tariffs can hurt their revenue and profitability. A steep fall in IT stocks reflects growing investor concern about global economic uncertainty and its impact on India’s tech sector. If this weakness continues, it could drag down overall market sentiment and impact investor portfolios significantly.

Desh Duniya Bazaar

Around the World

Asian stock markets saw a major sell-off on Monday as fears of a full-blown global trade war intensified after U.S. President Trump announced steep tariffs on imports last week. Key indices in Japan, China, Hong Kong, South Korea, Singapore, and Australia dropped sharply, following a weak close on Wall Street. Trump’s move includes a 10% blanket import duty and up to 49% tariffs on specific countries, with China facing a combined 54% rate. In response, China hit back with 34% tariffs on U.S. goods. The back-and-forth has rattled global markets and raised concerns about a deeper slowdown in international trade. Japan’s Nikkei hit a 17-month low, China’s key indices hit six-month lows, and Australia’s benchmark fell to a one-year low. The Hang Seng in Hong Kong plunged over 9%. With U.S. futures also dropping, investors are worried markets could face another Black Monday-style crash as seen in 1987.

Option Traders Corner

Max Pain

Nifty 50 – 23000

Bank Nifty – 51300

Nifty 50 – 22992 (Pivot)

Support – 22,767, 22,634, 22,412

Resistance – 23,126, 23,349, 23,484

Bank Nifty – 51585 (Pivot)

Support – 51,277, 51,052, 50,744

Resistance – 51,810, 52,118, 52,343

 Have you checked our latest YouTube Video

Did you know?

India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Newsletter: 04th April 2025

Mazagon Dock’s 6% Fall

Aaj Ka Bazaar

Wall Street witnessed a sharp sell-off in the previous session, with major indices plunging amid heightened investor concerns over escalating trade tensions and global economic uncertainties. The downturn was fueled by futures-driven declines and a broader risk-off sentiment. Asian markets followed suit, tracking the overnight losses from U.S. benchmarks. The Nikkei and Hang Seng are trading in the red, weighed down by tariff-related concerns. Indian markets are also expected to open on a cautious note, as indicated by GIFT Nifty, though the impact of global tariffs on India is expected to be less severe compared to other Asian peers. On the stock-specific front, Ultratech Cement will be in focus as the company plans to acquire Wonder Wallcare for ₹235 crore

Markets Around Us

BSE Sensex 75,534.62 (-1.00%)

Nifty 5022,965.65 (-1.22%)

Bank Nifty51,547.25 (-0.10%)

Dow Jones40,253.05 (-0.72%)

Nasdaq 16,550.61 (-5.97%)

FTSE 8,474.74 (-1.58%)

Nikkei 22533,506.84 (-3.54%)

Hang Seng 22,849.81 (0.00%)

Sector: Ship Building

Mazagon Dock Shares Drop 6% Amid OFS

Mazagon Dock Shipbuilders’ shares dropped 6% on April 4 as the government announced plans to sell up to 4.83% of its stake in the company through an Offer for Sale (OFS) at a floor price of Rs 2,525 per share. The sale includes 1.14 crore equity shares, with an option to sell an additional 80.67 lakh shares. Institutional investors can start bidding on April 6, while retail investors can bid on April 7. At the time of the news, Mazagon Dock shares were trading at Rs 2,579, down 6%, with a 52-week high of Rs 2,930 and a low of Rs 1,045. The sale is expected to raise around Rs 5,000 crore for the government. The broader market also faced selling pressure, with other PSU defense stocks like BEML, Hindustan Aeronautics, and Cochin Shipyard seeing declines.

Why it Matters:

The government’s sale of a 4.83% stake in Mazagon Dock may impact stock prices due to increased supply. Retail and institutional investors’ reactions will influence short-term market sentiment. The sale also highlights broader selling pressure in PSU defense stocks amid market declines.

 NIFTY 50 GAINERS

TATA CONSUM – 1089.30 (1.71%)

HDFC BANK – 1823.50 (1.60%)

BAJAJ FINANCE – 8703.75 (1.27%)

NIFTY 50 LOSERS

ONGC – 228.61 (-6.04%)

HINDALCO – 615.75 (-5.65%)

SUNPHARMA – 1673.20 (-5.47%)

Sector : Banking

Induslnd Shares Drop 3%

IndusInd Bank’s shares dropped 3% on April 4 after UBS downgraded the stock to a ‘Sell’ rating and lowered its price target by 22% to Rs 600. This new target suggests the stock could fall by another 15%. UBS pointed out several risks, including concerns over deposit flows, leadership uncertainty with the CEO transition, and the findings from an external audit. UBS also lowered its growth expectations for the bank, reducing loan growth projections by 2% to 10% and cutting profit estimates for the next two years by 14-15%. Despite this, IndusInd’s shares rose slightly by 0.88% on April 6, but they are still down around 55% from their peak of Rs 1,576. UBS’s cautious view reflects the uncertainty surrounding the bank’s performance, with concerns over financial stability, leadership changes, and audit findings.

Why it Matters:

UBS’s downgrade and lowered price target signal potential downside for IndusInd Bank, raising concerns over its financial stability. The uncertainty around leadership changes and audit findings adds to investor caution. This could lead to further pressure on the stock price in the near term.

Desh Duniya Bazaar

Around the World

Asian stock markets saw steep losses on Friday as concerns about a global recession grew after U.S. President Donald Trump announced significant trade tariffs. Japan’s Nikkei 225 dropped more than 2.4%, with markets in South Korea and Australia also falling sharply. U.S. stocks had already fallen the previous day, with the S&P 500 dropping 4.8% and the NASDAQ losing 6%. Trump’s tariffs, including a 10% duty on all imports and higher tariffs for certain countries, raised fears that global supply chains could be disrupted, particularly in Asia. Countries like China, Japan, and South Korea, which rely heavily on exports to the U.S., could face weaker demand and retaliatory measures. Japan and Australia’s stock markets hit 8-month lows, and South Korea’s KOSPI also fell after its president was impeached. Traders are bracing for more volatility and economic impact from these developments.

Option Traders Corner

Max Pain

Nifty 50 – 23150

Bank Nifty – 51500

Nifty 50 – 23234 (Pivot)

Support – 23,161, 23,073, 23,001

Resistance – 23,322, 23,394, 23,483

Bank Nifty – 51388 (Pivot)

Support – 51,115, 50,633, 50,360

Resistance – 51,870, 52,143, 52,625

 Have you checked our latest YouTube Video

Did you know?

India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Newsletter: 03rd April 2025

BEL Secures ₹593 Crore Deal

Aaj Ka Bazaar

The US equities posted modest gains, with all three major indices closing in positive territory before the US President’s announcement of reciprocal tariffs. The new measures impose a 10% baseline duty on all imports, with higher rates for key trading partners. Indian exports to the US will face a 26% tariff, while Chinese imports will be subject to a 34% duty. Goods from the European Union, the United Kingdom, and other select nations are also targeted with increased levies. Following the announcement, the US futures market saw sharp declines, with the Dow Jones Industrial Average dropping over 2%, the S&P 500 losing more than 3%, and the Nasdaq sliding by approximately 4%. The ripple effect was felt across Asian markets, where the Nikkei opened in negative territory and extended losses due to tariff concerns, while the Hang Seng also struggled as investors weighed the economic impact. Domestic markets are expected to follow global trends, with investor sentiment likely dampened by the tariff measures. Amidst the jitters, Pharma sector is likely to outperform the indices today as exceptions made by the US president on pharmaceutical imports will positively impact the Indian pharma companies.

Markets Around Us

BSE Sensex – 76,180.52 (-0.57%)

Nifty 5023,233.00 (-0.43%)

Bank Nifty51,113.85 (-0.46%)

Dow Jones41,378.16 (-2.01%)

Nasdaq 17,601.05 (0.87%)

FTSE 8,608.48 (-0.31%)

Nikkei 22534,401.91 (-3.67%)

Hang Seng 22,808.13 (-1.68%)

Sector: Aerospace & Defense

BEL Signs ₹593 Cr IAF Contract Deal

Bharat Electronics (BEL) shares are expected to stay in focus on April 3 after the company signed a ₹593.22 crore contract with the Indian Air Force for maintenance services of the Akash Missile System. In addition, BEL has concluded talks for securing orders worth ₹5,000 crore. For FY24-25, the company recorded a 16% rise in turnover, reaching ₹23,000 crore, including export sales of $106 million. In March alone, BEL received orders worth ₹2,463 crore for Ashwini Radars and additional orders worth ₹2,805 crore. Over the past year, the stock has gained more than 27%, with a 52-week high of ₹340.35 and a low of ₹218.30. It currently trades 17% below its peak and 29% above its lowest level. The company’s market cap is ₹2.06 lakh crore. Traders and young investors alike are keeping an eye on BEL, given its strong order book and steady financial growth.

Why it Matters:

Bharat Electronics’ new ₹593 crore deal with the Indian Air Force adds to its strong order pipeline, boosting revenue visibility. With ₹5,000 crore worth of additional orders under negotiation, the company is set for robust growth.

 NIFTY 50 GAINERS

DR REDDYS LABS – 1212.00 (5.39%)

CIPLA – 1514.10 (4.25%)

NTPC – 356.35 (1.31%)

NIFTY 50 LOSERS

TCS – 3452.65 (-2.58%)

BAJAJ AUTO– 7878.70 (-2.41%)

INFOSYS – 1534.65 (-2.39%)

Sector : Compressors, Pumps & Diesel Engines

Kirloskar Oil wins Defence Ministry order

Kirloskar Oil Engines shares may extend gains for the third straight session on April 3 after securing a ₹270 crore order from the Defence Ministry. The order is for designing and developing a 6MW medium-speed marine diesel engine under the Make-I scheme, with 70% funding from the government. The engine, to be developed in-house with over 50% indigenous content, will be used for propulsion and power generation on Indian Navy and Coast Guard ships. This project also allows the company to scale engine designs from 3MW to 10MW, opening doors for future defence opportunities. Despite a 30% drop in the last three months, the recent order win has renewed investor interest. The stock is currently trading 49.7% below its 52-week high of ₹1,450 and 34% above its 52-week low of ₹544.15. With a market cap of ₹10,586 crore, this order strengthens Kirloskar’s positioning in India’s defence manufacturing space.

Why it Matters:

Kirloskar Oil’s ₹270 crore order from the Defence Ministry is a significant boost, positioning the company in the high-potential marine engine segment. This aligns with India’s Make-I initiative, promoting self-reliance in defence manufacturing. The project also opens doors to long-term partnerships with the Indian Navy and Coast Guard, enhancing future growth prospects.

Desh Duniya Bazaar

Around the World

Asian stock markets fell sharply on Thursday after U.S. President Donald Trump announced a 10% tariff on all imports starting April 5, 2025, along with higher tariffs on countries with trade barriers against the U.S. Japan was hit hardest, with the Nikkei falling nearly 5% due to a 25% tariff on autos and parts, which make up a major chunk of its exports. Other affected countries include China (54% tariff), Vietnam (46%), Taiwan (32%), India (26%), and the EU (20%). These tariffs raise concerns about slower export growth and weaker earnings for companies in Asia. Japanese automakers like Toyota and Honda may face higher costs and falling demand. China’s markets were slightly down despite better-than-expected services data, while Australia’s trade balance dropped to a four-year low. South Korea, Hong Kong, and other Asian indices also declined, and Nifty 50 futures in India slipped 0.2% as investors braced for global trade tensions.

Option Traders Corner

Max Pain

Nifty 50 – 23250

Bank Nifty – 51400

Nifty 50 – 23280 (Pivot)

Support – 23,210, 23,088, 23,018

Resistance – 23,402, 23,471, 23,593

Bank Nifty – 51220 (Pivot)

Support – 51,036, 50,724, 50,540

Resistance – 51,532, 51,716, 52,027

 Have you checked our latest YouTube Video

Did you know?

India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.