Published on: April 8, 2025
Mumbai, April 8, 2025: Shares of Jio Financial Services soared nearly 5% on the BSE on Tuesday after the company announced its entry into the Loan Against Securities (LAS) segment through its NBFC arm, Jio Finance Limited (JFL). The stock touched an intraday high of ₹223.95, buoyed by strong market momentum as the BSE Sensex jumped over 1,500 points.
The newly launched LAS product is entirely digital, enabling customers to secure loans up to ₹1 crore against shares or mutual funds within 10 minutes, with interest rates starting at 9.99%. The product offers a maximum tenure of three years, with zero foreclosure charges, according to a company statement.
The offering is integrated into the JioFinance app, positioning the firm to tap into India's growing digital lending market while allowing users to maintain their long-term investment exposure.
Listed on August 21, 2023, following its demerger from Reliance Industries, Jio Financial now boasts a market cap of ₹1.42 trillion. The stock is trading well above its 52-week low of ₹198.6 (hit in March 2025), though still below its 52-week high of ₹394.7 from April 2024.
In Q3FY25, the company posted a flat net profit of ₹295 crore year-on-year, but significantly down from ₹689 crore in the previous quarter. However, total income rose to ₹449 crore, reflecting steady growth in core operations.
Published on: April 8, 2025
Mining and metals major Vedanta Ltd has launched a global search for a strategic partner to support its $20 billion expansion plan spanning aluminium, oil & gas, power, and iron & steel segments. The move comes as part of Vedanta’s aggressive three-year growth roadmap amid ongoing corporate restructuring into four distinct entities.
In a public Expression of Interest (EoI) posted via its official LinkedIn page, the Mumbai-listed conglomerate revealed it is scouting for an experienced global engineering firm with proven capabilities in Engineering, Procurement and Construction Management (EPCM). The selected partner will act as an “extended office” to help implement large-scale infrastructure and industrial projects across India.
The partnership aligns with Vedanta's vision to scale up operations and unlock value across its diversified portfolio. The restructuring initiative is aimed at enhancing operational efficiency and attracting focused investments into each vertical. This marks a pivotal moment in Vedanta’s transformation journey as it seeks global expertise to fuel its next phase of growth.
Published on: April 8, 2025
In a significant move toward clean energy transition, NTPC Ltd, India’s largest power producer, has issued a tender seeking consultants to conduct feasibility studies for Small Modular Reactors (SMRs) — marking the first concrete proposal to deploy SMRs in India since the government announced plans to liberalize its nuclear sector.
According to the tender, NTPC aims to identify coal-fired thermal power plants that could be retired over the next five years and potentially replaced by compact, scalable SMRs. This follows NTPC's earlier discussions with foreign technology providers from Russia and the United States to bring SMRs to India.
Currently operating around 63 GW of coal power, NTPC’s pivot aligns with India’s broader ambition to expand its nuclear capacity from 8 GW to 100 GW by 2047, as announced earlier this year. The government also plans to amend its nuclear liability laws to encourage foreign and private sector investments in the nuclear domain.
While private players like Tata Power have shown interest in SMRs, NTPC is the first company to formally initiate a tender process, underlining its leadership role in India's clean energy roadmap. Alongside SMRs, NTPC also has plans to develop 15 GW of large-scale nuclear capacity, with work already underway on two 2.6 GW plants.
This strategic shift could not only modernize India's power infrastructure but also play a pivotal role in reducing carbon emissions and achieving long-term energy security goals.
Published on: April 8, 2025
MUMBAI (Apr 8): Godrej Properties Limited (GPL) reported record-breaking sales bookings of ₹10,163 crore in Q4FY25 and a staggering ₹29,444 crore for the full financial year, reflecting YoY growth of 7% and 31%, respectively — the highest-ever quarterly and yearly bookings recorded by any Indian real estate developer.
This exceptional performance in the March quarter marked the first time the company’s quarterly bookings crossed ₹10,000 crore, fueled by successful new launches such as Godrej Riverine in Noida (₹2,000+ crore), Godrej Astra in Gurugram (₹1,000+ crore), and Godrej Madison Avenue in Hyderabad (₹1,000+ crore).
During the quarter, GPL sold 3,703 homes spanning 7.52 million square feet (msf). For the full year, it sold 15,302 homes across 25.73 msf, achieving volume growth of 29% YoY and surpassing its annual guidance of ₹27,000 crore in bookings.
Region-wise, the NCR contributed over ₹10,500 crore, followed by MMR at ₹8,000 crore, and Bengaluru at ₹5,000 crore, showcasing strong pan-India demand.
“This marks our seventh consecutive quarter of ₹5,000+ crore bookings, and our annual sales bookings have grown at a 55% CAGR over the past three years, firmly establishing us as India’s largest real estate developer by booking value,” said Gaurav Pandey, MD & CEO of Godrej Properties.
The company also added new business developments worth ₹26,450 crore in future booking value during FY25. Pandey noted that the ₹6,000 crore raised through QIP in Dec 2024, along with record operating cash flows, would further empower GPL to invest in future growth and expansion.
Published on: April 8, 2025
The Indian Rupee continued its downward spiral for a second consecutive session, closing at 86.26 per US dollar on Tuesday — a sharp drop of 42 paise from the previous day, and its weakest level since March 20. The depreciation came amid global trade tensions, strengthening of the US dollar, and fresh foreign outflows from Indian equities.
Over the last two trading sessions, the rupee has fallen ₹1.02, pressured further by a weaker Chinese yuan after the People’s Bank of China set its reference rate at a seven-month low of 7.2038. Adding to the volatility, former US President Donald Trump threatened a 50% tariff on Chinese goods, prompting Beijing to vow a strong retaliatory response, escalating fears of a global trade war.
The dollar index held firm above 103 as of 3:34 PM IST, further denting emerging market currencies like the rupee.
According to CR Forex Advisors’ Amit Pabari, the RBI may need to intervene in the forex markets as nearly $35 billion worth of forward contracts are due for maturity between April and June. Meanwhile, FIIs sold ₹9,040.01 crore worth of equities on Monday, while DIIs bought ₹12,122.45 crore, marking the second-biggest single-day domestic buying this year.
Market attention now turns to the RBI’s Monetary Policy Committee (MPC) meeting outcome on Wednesday. The central bank is widely expected to announce a 25 basis point rate cut, reducing the repo rate to 6%, in a preemptive move to shield the economy from global shocks.
On the commodities front, crude oil prices remained subdued, reflecting global demand worries. Brent crude was trading at $64.34 per barrel, and WTI at $60.83 per barrel, near four-year lows.
Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors, forecasts the rupee to trade between 84.50 to 86.50 in the near term. He advises exporters to hedge at around 86.00 levels, while suggesting importers wait for better rates near 85.25.
Published on: April 8, 2025
Tata Consultancy Services (TCS), India’s largest IT services firm, is expected to post subdued earnings for the fourth quarter of FY25, weighed down by seasonal factors and a slowdown in key projects like BSNL, according to analyst estimates. TCS will be the first major Indian company to announce its Q4 earnings on Thursday, April 10.
Revenue is projected to dip 1.51% quarter-on-quarter (QoQ) to ₹63,009.75 crore, as per analysts tracked by Business Standard. The drag from the BSNL project is expected to be partially offset by a recovery in developed markets. Despite the revenue softness, net profit is likely to rise 1.31% sequentially to ₹12,541.9 crore, supported by slight margin improvement. On a year-on-year (YoY) basis, profit growth is expected to remain muted at 0.64%.
Brokerages offered varied projections:
• HSBC forecasts a 2.1% QoQ revenue growth to ₹61,237 crore, with net profit up 2% to ₹12,434 crore. Margins may rise due to rupee depreciation, though gains could be reinvested into talent and infrastructure.
• Kotak Securities expects TCS to post a 1.5% sequential revenue growth to ₹64,963.9 crore, with a 2.3% QoQ increase in net profit to ₹12,663.6 crore. They note weak international growth and modest deal wins, forecasting $11 billion in total deal closures, down from $13.2 billion last year.
• Nuvama Institutional Equities anticipates a 0.2% decline in constant currency revenue and a 1% drop in USD terms due to the BSNL slowdown.
Still, they see a 0.9% sequential rise in rupee revenue to ₹61,237 crore and a 1.5% QoQ profit growth, with 1.1% YoY growth.
Analysts emphasize key watchpoints including the outlook on US macro conditions, margin recovery, and any project delays or cancellations amid global tariff uncertainties. TCS had reported a net profit of ₹12,380 crore and revenue of ₹63,973 crore in Q3 FY25.
Published on: April 8, 2025
NEW DELHI (Apr 8): Indian equity markets staged a strong comeback on Monday, April 8, with both benchmark indices—the Nifty and Sensex—ending with robust gains, snapping a three-day losing streak. The rally came a day after a steep sell-off wiped out ₹16 lakh crore in market capitalization. At close, the Sensex rose 1,089.18 points (1.49%) to 74,227.08, while the Nifty gained 374.25 points (1.69%) to 22,535.85.
The bounce was broad-based, with all 13 sectoral indices gaining around 2% and mid- and small-cap indices rising 2.3% each. Jio Financial Services, Shriram Finance, Titan Company, Cipla, and Bharat Electronics emerged as top Nifty gainers. Power Grid Corp was the only stock in the red, ending marginally lower.
The rebound was led by the beaten-down IT sector, with heavyweights like TCS, Infosys, HCL Tech, and Wipro climbing as much as 4% ahead of their Q4 earnings. Nifty Realty, Pharma, and Bank Nifty also posted notable gains. Shares of EMS firms surged around 9% on reports that Apple plans to shift more iPhone sourcing to India amid rising US-China trade tensions.
In the oil sector, stocks like HPCL, BPCL, and IOC gained on news of a ₹50 hike in LPG prices and higher special excise duties, expected to recover ₹9,000 crore for OMCs in FY26. Info Edge stock rallied nearly 5% after reporting a 19% YoY rise in standalone billings for Q4FY25.
Investor sentiment was also buoyed by a sharp drop in India’s volatility index (VIX), which cooled over 10% to around 20, after spiking 66% the previous day to a five-year high. The rally comes a day ahead of the Reserve Bank of India’s policy decision, with markets widely expecting a 25 bps rate cut.
Despite the rebound, experts advise caution. Concerns over global trade tensions continue to loom, with potential downside risks to India’s GDP growth, as noted by Morgan Stanley’s Chetan Ahya. Technical analysts warned that Nifty faces strong support at 22,000–21,800, but a breach could push it down to 21,400 in the near term.
Published on: April 8, 2025
NEW DELHI (Apr 8): Shares of NACL Industries, India Shelter Finance Corp, Shree Rama News, and GRM Overseas touched fresh 52-week highs on the NSE at 11:07 AM (IST), reflecting strong investor interest in select stocks. The NSE Nifty index rose sharply by 230.5 points to reach 22,392.1, supported by gains in frontline bluechip stocks.
Meanwhile, stocks like Lakshmi Precision Screws, Gensol Engineering, Gujarat Lease Financing, Equippp Social Impact Technologies, and Jai Corp hit fresh 52-week lows, indicating a mixed performance in broader markets.
Out of the 50 stocks in the Nifty index, 43 were trading in the green, while 7 were in the red. Top gainers included Shriram Finance, Titan Company, Grasim Industries, Jio Financial Services, and Infosys. On the other hand, Power Grid, Hindalco, Maruti Suzuki, Trent, and M&M saw declines.
The BSE Sensex also witnessed a strong rally, climbing 733.47 points to trade at 73,871.37. Traders showed buying interest in sectors like General, IT Enabled Services, Auto, Services, and Apparels, while pressure was seen in Textiles, IT Hardware, Petrochemicals, Logistics, and Ferrous Metals.
Published on: April 8, 2025
NEW DELHI (Apr 8): Piramal Finance Ltd has announced a co-lending partnership with ICICI Bank aimed at enhancing credit access in India’s rural and semi-urban areas. The strategic alliance will primarily focus on offering home loans and loans against property to underserved segments, the company said in a statement on Tuesday.
The collaboration leverages Piramal Finance’s ‘High Tech + High Touch’ model, integrating technology-driven solutions with personalized services, along with ICICI Bank’s extensive financial expertise and infrastructure. This initiative is expected to make borrowing more affordable and accessible for customers outside metro cities, reinforcing Piramal Finance’s commitment to inclusive credit growth in India.
Published on: April 8, 2025
Sobha Ltd.’s share price surged over 6% on Tuesday following a robust performance in the January–March quarter. The real estate developer reported a 22.1% year-on-year rise in total sales value to ₹1,836 crore in Q4 FY24, up from ₹1,504 crore. Sales from new projects also rose 7.53% to ₹1,370 crore during the same period. The average price realisation increased to ₹11,781 per sq. ft. from ₹11,230.
However, full-year performance showed a slowdown, with total sales for FY25 declining by 5.53% to ₹62,765 crore from ₹66,441 crore in FY24. Sales from new projects dropped 8.4% year-on-year to ₹49,605 crore. Despite the sales decline, average price realisation for FY25 jumped 22.90% to ₹13,412 per sq. ft.
Shares hit ₹1,166.5 in early trade—its highest since April 4—but later pared gains to trade at ₹1,018.80, up 0.52%. The stock remains down 35.23% over the past 12 months. Despite recent volatility, 13 out of 17 analysts tracking Sobha recommend a 'buy', with Bloomberg data indicating a 50.3% upside based on the average 12-month price target.
Published on: April 7, 2025
Indian stock markets faced a brutal rout on Monday as nearly ₹30 trillion in market capitalisation was wiped out from their March 2025 peak, following a wave of global tariff escalations initiated by U.S. President Donald Trump. Since March 24, market cap across BSE-listed companies plunged ₹29.03 trillion, dragging benchmark indices sharply lower.
The Sensex nosedived 3,939 points intraday to 71,425.01, while the Nifty50 breached 21,800, marking the biggest single-day fall since June 4, 2024. The India VIX index spiked 60%, signaling heightened investor fear.
Among the worst-hit sectors were metals, banking, and auto, with companies like Vedanta, Hindustan Copper, Hindalco, Tata Motors, and Tata Steel losing nearly 20% in market cap from March 24 levels. Broader market pain was also visible in the Nifty 500, where only 40 out of 500 stocks gained, and 13 of those saw less than 1% rise. The few gainers included Tata Consumer Products (+7%), Aster DM Healthcare, BSE, and Vardhman Textiles, all up just over 10%.
Global cues triggered the selloff:
Trump’s 54% tariff on Chinese exports led to swift retaliation from Beijing with 34% tariffs, restrictions on rare earth exports, and new anti-dumping probes.
Canada imposed 25% retaliatory tariffs on U.S. vehicles.
France’s Macron called for a pause in U.S. investments.
These moves intensified fears of a global recession, with ripple effects expected to hit credit growth, capital expenditure, and investor confidence.
Brokerages like BofA remain cautious, flagging India’s premium valuations and potential indirect impact from global uncertainty. Even though India has limited direct exposure to these tariffs, analysts warn of cascading effects.
With volatility at multi-month highs and fundamental models losing predictive power, markets are entering uncharted territory, say experts.
Published on: April 7, 2025
April 7, 2025, following its Q4FY25 business update. The drop comes despite the company posting strong disbursement and AUM growth, as investors reacted sharply amid broader market turbulence and valuation concerns.
As of 2:22 PM, the stock was trading at ₹116.90, down 3.87%, while the BSE Sensex slipped 3.67% to 72,595.87. The company’s market cap stood at ₹97,356 crore, with its 52-week high at ₹188.45 and low at ₹103.
In its update, Bajaj Housing reported:
Disbursements of ₹14,250 crore in Q4FY25, up from ₹11,393 crore in Q4FY24
Assets under management (AUM) rose 26% YoY to ₹1.14 lakh crore
Loan assets increased to ₹99,500 crore, up from ₹79,301 crore
Net profit for Q3FY25 climbed 25% YoY to ₹548 crore
Revenue from operations jumped 25.8% to ₹2,449 crore
Net interest income rose 25% to ₹806 crore
Gross NPA remained stable at 0.29%, slightly up YoY from 0.25%
The stock, which debuted at ₹150 on September 16, 2024, more than doubling its IPO price of ₹70, is now facing correction pressures.
Analysts attribute Monday’s decline to broader market weakness and profit-booking, especially after a steep post-listing rally. Despite robust fundamentals, investors appear wary amid heightened global uncertainty and rising tariff-related fears impacting financial sector valuations.
Published on: April 7, 2025
In a harsh reminder that no stock is immune during market turbulence, Tata Group companies lost a staggering ₹1.49 lakh crore ($18.06 billion) in market capitalization on Monday, as Donald Trump’s tariff shock reignited global recession fears. The Sensex crashed over 4,000 points, marking one of the steepest intraday falls in years.
Tata Motors led the meltdown, plunging nearly 10% after its subsidiary Jaguar Land Rover (JLR) halted shipments to the US, a key market contributing over 25% to JLR’s global sales. The stock alone lost ₹19,000 crore in value in three hours. Since Trump’s tariff announcement on March 26, Tata Motors has shed 22%.
Tata Steel fell nearly 12%, weighed down by fears of slowing global demand and reciprocal tariffs impacting exports. TCS, India's largest IT firm, saw a massive ₹47,500 crore wiped from its valuation. Other Tata Group names like Trent, Titan, Tata Power, Tata Consumer, and Indian Hotels also bled heavily.
Market experts are urging caution amid the volatility. While valuations appear attractive after a prolonged correction, many analysts advise against lump-sum investments at this stage, citing high global uncertainty. SIPs, however, are still recommended for long-term investors.
“This is not the time to panic, but also not the time to be greedy,” said Pranay Aggarwal, CEO at Stoxkart. “Continue with your SIPs and wait for stability before making bold moves.”
Published on: April 7, 2025
Shares of Tata Motors plunged nearly 13% on Monday after its luxury vehicle arm, Jaguar Land Rover (JLR), announced a temporary pause in US shipments in response to President Donald Trump’s 25% auto import tariff. The move triggered a wave of selling across Tata Group companies, deepening the broader market rout.
In a statement, JLR cited the US as a critical market and said the shipment pause in April is a short-term step while it recalibrates mid- to long-term strategies under the new tariff regime. JLR’s wholesale volumes in Q4FY25 rose just 1.1% year-on-year, while retail sales dipped 5.1%, pressured by weaker performance in China and overseas markets.
Tata Motors’ stock hit a low of ₹535.75 before closing down 5.34% at ₹581.10, amid broader concerns around margin pressure and revenue stagnation. Brokerages such as CLSA and Nuvama forecast weaker earnings ahead, with EBITDA margins seen falling due to subdued JLR performance.
The shockwaves extended across the Tata Group. Trent Ltd. tumbled 15%, impacted by cautious analyst commentary and market sentiment. Tata Steel dropped 7%, while Tata Consumer Products and Titan Company also closed sharply lower. Other group firms like Tata Communications, Voltas, and Tata Elxsi traded deep in the red.
The meltdown comes amid renewed global recession fears, heavy foreign institutional selling, and escalating US-India trade tensions. Analysts caution that if retaliatory trade actions emerge, pressure could mount on auto, commodity, and export-driven businesses within the group.
The broader market saw a 3% crash in benchmark indices, with total wealth erosion across Tata Group stocks estimated in thousands of crores.
Published on: April 7, 2025
The Nifty Pharma index nosedived nearly 6% on Monday, April 7, amid fears that the United States may impose steep tariffs on Indian pharmaceutical exports, particularly generic drugs. The index touched an intraday low of 19,425, with major exporters leading the decline.
Gland Pharma was the biggest casualty, falling 11.4%, followed by Divi’s Laboratories and Laurus Labs, both dropping over 10% in early trade. Heavyweights like Sun Pharma, Cipla, Aurobindo Pharma, and Lupin also suffered cuts between 3% and 6%.
The selloff was driven by growing concerns that US President Donald Trump’s aggressive tariff policy could extend to Indian generics — a move that would raise drug costs for American consumers while undermining the global competitiveness of Indian pharma exporters.
India exported over $6.5 billion worth of pharma products to the US in FY24, making it highly vulnerable to any tariff shocks. Analysts warn that even a 10–15% import duty could compress profit margins, disrupt supply chains, and slow down FDA approval cycles if retaliatory actions emerge.
The panic in pharma was compounded by broader market volatility and global selloffs, with the Nifty Pharma trading down 5.8% at 19,460 as of 9:45 am.
Experts anticipate continued volatility in the short term, pending clarity on trade negotiations and any potential exemptions or waivers from the US. For now, pharma has emerged as one of the worst-hit sectors in this latest round of tariff turbulence.