Indian Markets Surge as Investors Shake Off Trade Concerns

Indian stock markets posted a strong recovery on April 2, 2025, with benchmark indices closing higher, fueled by gains in real estate, financial services, and FMCG stocks. The Sensex climbed 587.58 points (+0.78%) to settle at 76,617.44, while the Nifty 50 advanced 0.72% to 23,332.35.

Market sentiment remained resilient despite looming uncertainties around new U.S. trade tariffs. A decline in volatility, with the India VIX slipping 0.43% to 13.72, further supported investor confidence.

Sectoral Performance

📈 Best-Performing Sector:

• Nifty Realty 🔼 +3.61% (Led the rally on strong demand outlook)

📉 Other Gaining Sectors:

• Nifty Bank 🔼 +1.02%

• Nifty Financial Services 🔼 +0.90%

• Nifty FMCG 🔼 +1.13%

• Nifty IT 🔼 +0.84%

Top Gainers & Losers

Top Gainers

🚀 DB Realty | ₹172.10 | +12.40%

Strong buying lifted DB Realty, driving its stock higher.

🚀 Kalyan Jewellers | ₹512.80 | +11.95%

Heavy trading volume pushed Kalyan Jewellers up sharply.

🚀 Tata Consumer Products | ₹1,060.80 | +6.91%

The stock surged following an upgrade from Goldman Sachs to a ‘buy’ rating.

Top Losers

🔻 Central Bank of India | ₹36.78 | -10.97%

Shares extended losses after a Qualified Institutional Placement (QIP) triggered selling pressure.

🔻 AstraZeneca Pharma | ₹8,097.00 | -4.66%

The stock fell amid broader sector weakness.

🔻 RHI Magnesita India | ₹509.80 | -4.47%

Profit booking led to a decline in RHI Magnesita’s stock.

Corporate Highlights: Key Market Movers

📌 Auto Sector in Focus:

• The U.S. is set to announce new tariffs on auto imports, impacting market sentiment.

• Tata Motors reported March sales of 90,500 units, slightly lower year-on-year.

• Hyundai exceeded expectations, selling 67,320 units.

📌 V-Mart Retail: Reported 17% revenue growth to ₹780 crore, with same-store sales rising 8%.

📌 CSB Bank: Strong quarterly performance with 24% deposit growth to ₹36,861 crore and 29.6% growth in gross advances to ₹31,843 crore.

📌 SJVN: Successfully completed trial runs for a 241.77 MW solar project in Bikaner, supplying power to multiple states.

📌 JSW Energy: Added 3.6 GW of new power capacity, bringing total installations to 10.9 GW.

📌 Hi-Tech Pipes: Achieved record annual sales of 4.85 lakh tonnes, up 24% year-on-year.

📌 Swiggy: Received a tax demand of ₹158 crore from the Income Tax department for FY 2021-22.

📌 Dabur India: Received a ₹110 crore tax assessment notice for FY 2018, with plans to contest the order.

Global Economic Calendar (April 3-6, 2025)

United States

📊 Trade Balance (Feb) – April 3

📊 Non-Farm Payrolls & Unemployment Rate (Mar) – April 5

Europe

📊 Eurozone Producer Price Index (Mar) – April 3

📊 Germany Industrial Production (Mar) – April 5

China

📊 Caixin Services PMI (Mar) – April 3

India

📊 RBI Monetary Policy Meeting – April 5

📊 Services PMI (Mar) – April 4

Market Outlook: Key Trends to Watch

The recovery in Indian equities reflects resilient investor sentiment, but global uncertainties remain. Investors will be closely monitoring U.S. economic data, RBI policy decisions, and trade developments for further market direction.

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