Published on: April 7, 2025
Sun Pharmaceutical Industries has announced the launch of Fexuclue (Fexuprazan 40 mg) in India, a new treatment for Erosive Esophagitis of all grades, marking the introduction of a novel potassium-competitive acid blocker (PCAB) in the country.
The Mumbai-headquartered pharma giant has secured the rights to manufacture and commercialise the drug from Daewoong Pharmaceutical of South Korea. As part of the licensing deal, Daewoong will receive upfront, milestone-based payments and royalties from Sun Pharma.
“Erosive Esophagitis is a serious condition impacting quality of life, and despite existing treatments, a significant unmet medical need remains,” said Kirti Ganorkar, CEO of Sun Pharma’s India Business. “Fexuclue offers a best-in-class solution to help close that gap.”
The drug’s approval comes after a double-blind, double-dummy Phase 3 clinical trial conducted on the adult Indian population. The trial met its primary endpoint, with over 95% of patients achieving healing within 8 weeks, confirmed through endoscopy.
Despite the positive development, shares of Sun Pharma declined 2.97% to ₹1,658.60 on the BSE during Monday’s trade, likely in line with broader market weakness.
Published on: April 7, 2025
Tata Group stocks faced a sharp selloff on Monday, erasing nearly ₹90,000 crore in investor wealth amid a broader global market meltdown. Intraday losses across 16 Tata companies touched ₹2.3 lakh crore, before some recovery toward the close. The group’s total market capitalization ended the day at ₹25.3 lakh crore.
Apparel retailer Trent Ltd. was the biggest casualty, tumbling nearly 15% after analysts flagged concerns over a slowdown in Q4 growth. Sales rose 28% year-on-year, down from 37% in the previous quarter. The stock hit a near one-year low, breaching its revised lower circuit limit with an 18% intraday fall.
Tata Steel Ltd. also saw heavy losses, hitting a two-month low and emerging as the top laggard on the Nifty Metal index, which plunged 8.6%. The broader metals rout followed fears of increased volatility in global commodity prices, triggered by U.S. President Donald Trump’s aggressive new tariff measures.
Tata Technologies Ltd. dropped nearly 6% to an all-time low of ₹597, while Tata Motors nosedived almost 13% intraday after Jaguar Land Rover paused exports to the U.S., citing the impact of auto tariffs. Although most Indian automakers remain insulated from these moves, Tata Motors is vulnerable due to JLR’s U.S. exposure.
Meanwhile, blue-chip firms like Tata Consultancy Services (TCS), Titan Company, and Tata Chemicals outperformed their group peers, posting relatively modest declines of less than 2%.
The heavy losses reflect growing investor anxiety over global trade tensions, commodity price volatility, and company-specific challenges within the Tata Group.
Published on: April 7, 2025
Tata Capital and Imagine Marketing, the parent company of audio and wearables brand Boat, have submitted their draft red herring prospectuses (DRHPs) to the Securities and Exchange Board of India (Sebi) through the confidential filing route. The companies disclosed the move via separate newspaper advertisements on Monday.
While official details remain under wraps, market estimates suggest Tata Capital’s IPO could raise around $2 billion, making it one of the largest financial services listings in recent years. Boat’s IPO, in its second attempt, is expected to be valued at over $250 million. Both offerings will include a mix of fresh equity issues and secondary share sales.
Tata Capital’s IPO follows its board’s earlier approval of an equity rights issue and a public listing plan. The offering is significant as it marks only the second Tata Group listing in nearly 20 years — after Tata Technologies in 2023 and Tata Consultancy Services in 2004. As per regulatory filings, Tata Capital plans to issue up to 230 million new shares and raise ₹1,504 crore via a rights issue, fully subscribed by its majority owner, Tata Sons. The listing fulfills RBI mandates for “upper layer” NBFCs to go public by September.
Boat, backed by Warburg Pincus, is making a renewed bid to list after its initial DRHP filing in 2022. The company received shareholder approval in February 2025.
The confidential filing route — introduced in 2022 — lets companies privately submit IPO documents to Sebi before making them public. To date, eight firms have taken this path, including Physics Wallah, Indira IVF, and Swiggy. While some, like Tata Play and Oyo, haven’t moved forward, Swiggy and Vishal Mega Mart have successfully completed listings after confidential filings.
Published on: April 7, 2025
India’s information technology sector is reeling under sustained selling pressure, with the Nifty IT index crashing 2.5% on April 7 to close at 32,668.80 — marking a staggering 20% fall over the past six months. The sharp decline comes amid escalating global recession fears and renewed concerns over U.S. tariffs that threaten to hit revenue streams of Indian IT firms reliant on American clients.
Blue-chip players like Infosys, TCS, and HCL Technologies led the plunge on the Nifty 50, while mid-cap tech stocks such as Mphasis and Coforge sank as much as 5%. Infosys alone dropped 3.2% for the day.
The sector-wide sell-off is being driven by concerns that new U.S. tariff regimes and a broader slowdown in global IT spending will impact deal flows and revenue growth. This sentiment has been further dented by U.S. President Donald Trump’s comments dismissing concerns over recent market losses, suggesting policy pain may continue in the short term.
The impact has been felt globally, with major indices like the S&P 500 and Nasdaq futures falling over 4%, and Asian markets including Japan’s Nikkei and Hong Kong’s Hang Seng suffering steep losses. According to Morgan Stanley, structural shifts in the global tech landscape could further pressure Indian IT firms' growth and valuations.
With the Nifty IT index down 6% in just the past month, investor sentiment around tech stocks remains fragile, and analysts caution that headwinds are unlikely to ease in the near term.
Published on: April 7, 2025
Indian equity markets suffered a sharp blow on April 7, with benchmark indices posting their steepest single-day decline in nearly 10 months. The Sensex nosedived 2,226.79 points (2.95%) to settle at 73,137.90, while the Nifty 50 plunged 742.85 points (3.24%) to close at 22,161.60.
All sectoral indices ended deep in the red, with the Nifty Metal and Realty indices crashing 7% and 6%, respectively. PSU banks, IT, auto, and energy stocks also witnessed heavy selling. The broader market bore the brunt, as BSE Midcap and Smallcap indices fell 3.8% and 4.5%. Market breadth was overwhelmingly negative, with only one Nifty constituent — Hindustan Unilever — closing in positive territory.
Top drags on the index included Trent, Tata Steel, JSW Steel, Hindalco, and L&T, all down between 5% and 9%.
The meltdown was fueled by a mix of global recessionary fears, jitters over potential U.S. tariff action on Indian exports, and investor caution ahead of earnings season. Weakness in IT and pharma sectors added to the downward pressure. The sharp drop erased over ₹10 lakh crore in market capitalisation, dragging the BSE’s total valuation below ₹400 lakh crore.
Market Outlook:
With global cues shaky and domestic valuations still elevated, analysts warn of continued volatility in the near term. The Nifty’s breach of key support levels could signal further downside, and traders are advised to adopt a cautious stance ahead of crucial earnings announcements.
Published on: April 7, 2025
The Reserve Bank of India (RBI) is poised to extend its record-breaking liquidity infusions into the banking system, with analysts forecasting as much as ₹4 trillion ($47 billion) in bond purchases and forex swaps during the current fiscal year. The move is aimed at shielding India’s economy from global uncertainties, including the potential fallout from new U.S. tariffs.
According to IDFC FIRST Bank, liquidity injections of at least ₹2 trillion could come in the first half of the year alone. This follows an unprecedented $80 billion already pumped into the system since January. Analysts emphasize that surplus liquidity is essential to ensure the effective transmission of expected interest rate cuts, with the next rate reduction anticipated on April 9.
The RBI’s active intervention has already shifted the banking system from a deficit of ₹3.3 trillion in January to a surplus, helping push 10-year bond yields to 6.46%, their lowest since January 2022. Nomura forecasts yields could fall further to 6.25% in the coming months.
With upcoming forward market maturities of $35 billion in April–June, the RBI may need to engage in more FX swaps or open-market purchases to prevent a cash crunch and maintain surplus conditions. The central bank recently announced another ₹80,000 crore of bond purchases for April, underlining its commitment to sustained liquidity support.
Published on: April 7, 2025
In a welcome move for existing borrowers, HDFC Bank has reduced its Marginal Cost of Funds-based Lending Rate (MCLR) by 10 basis points (bps) across various loan tenures. The revised MCLR, now ranging between 9.10% and 9.35%, is effective from April 7, 2025. This reduction may result in lower EMIs or reduced loan tenures for customers with loans linked to MCLR, depending on the reset clause in their agreements.
The overnight and one-month MCLR have been brought down from 9.20% to 9.10%, while the three-month rate is now 9.20%, down from 9.30%. Similarly, six-month and one- to two-year MCLR rates have dropped to 9.30%, and the three-year rate has been revised to 9.35%.
MCLR serves as the benchmark rate for determining interest on floating-rate loans such as home, auto, and personal loans. Introduced by the RBI in 2016, it sets the minimum interest rate banks can charge on such loans. Meanwhile, HDFC Bank’s home loans remain linked to the RBI's Repo Rate, currently at 6.25%, with applicable interest rates ranging from 8.70% to 9.95% depending on borrower eligibility and creditworthiness.
Published on: April 7, 2025
The Adani Group has made a high-profile move in Mumbai’s ultra-luxury real estate market with the acquisition of a 1.1-acre plot on Carmichael Road, one of India’s most exclusive addresses. The deal, finalized on March 27, 2025, was executed via Adani’s subsidiary Mah-Hill Properties for ₹170 crore, with an additional ₹10.46 crore paid in stamp duty, according to documents sourced by property consultancy CRE Matrix.
The parcel, measuring approximately 4,500 sq. metres, currently houses a 2,760 sq. ft. residential cottage and was sold by Behram Nowrosji Gamadia, who inherited the land from his family—owners since the early 20th century. Originally marked as a children’s park in the 1991 Development Plan, its designation was later altered under BMC’s Development Plan 2034, enabling residential development on the coveted land.
Strategically located near the municipal commissioner’s bungalow, the acquisition underscores Adani’s growing footprint in India’s high-value real estate space. Carmichael Road, known for its opulent residences and proximity to Mumbai’s commercial heart, has witnessed a series of record-breaking property deals over the past year.
Recent notable transactions in the vicinity include:
• Gaurav Trehan, CEO of KKR India, who bought a sea-view apartment in Morena House for ₹88 crore (₹1.63 lakh/sq ft) in October 2024.
• Nadir Godrej of Godrej Industries purchased three luxury units for ₹180 crore in Ruparel House, Malabar Hill.
• In April 2024, Macrotech Developers (Lodha Group) sold two ultra-luxury apartments in Lodha Malabar to Anil Gupta of Wellknown Polyesters for a staggering ₹270 crore.
This acquisition by Adani is being viewed as a strategic land bank investment, though details of the future development are yet to be disclosed. Experts suggest that the limited availability of freehold land in South Mumbai’s prime belt makes such deals not only rare but potentially game-changing for luxury housing in the city.
Published on: April 7, 2025
The European Union (EU) has urged India to eliminate or sharply reduce tariffs on car imports as part of the ongoing negotiations for a long-pending trade agreement, echoing recent demands by the United States under President Donald Trump’s administration. According to Reuters, the Modi government is reportedly open to a phased reduction in duties—from over 100% down to 10%, in an effort to seal the deal.
However, this proposal is facing significant resistance from India’s domestic auto industry, which has called for tariffs to be retained at 30%, especially for electric vehicles (EVs) until 2029, to allow Indian automakers like Tata Motors and Mahindra & Mahindra to scale their operations without competitive pressure from cheaper imports.
The discussions took center stage in a recent meeting held by the Commerce Ministry, which involved stakeholders from the Heavy Industries Ministry and leading auto manufacturers. European carmakers such as Volkswagen, Mercedes-Benz, and BMW stand to gain significantly from any relaxation in tariff norms. Tesla, led by Elon Musk, could also benefit, especially with its plan to sell Berlin-made EVs in India soon.
Industry insiders revealed that India is considering starting with a 70% tariff on a limited number of petrol car imports, and gradually reducing it to 30%. The EV segment, however, is expected to remain shielded for now, with phased tariff cuts only being considered post-2029.
EU Trade Spokesperson Olof Gill acknowledged the "varying levels of ambition" in key areas between India and the EU, but maintained that negotiations remain active. India’s 4-million-unit annual car market remains one of the most protected globally, and stakeholders warn that abrupt tariff reductions could derail years of investment in Make-in-India initiatives.
As geopolitical tensions and global tariff wars escalate, India finds itself balancing foreign policy goals with domestic industrial interests—a tightrope walk likely to define the contours of its future trade pacts.
Published on: April 4, 2025
Mumbai, April 4: Indian equity markets joined the global meltdown on Friday as trade war concerns escalated following US President Donald Trump's imposition of aggressive reciprocal tariffs on key trading partners, including India. The BSE Sensex plunged 930.67 points, or 1.22%, to close at 75,364.69, while the NSE Nifty also slumped sharply.
The sell-off was broad-based and intensified by steep declines in index heavyweights such as Reliance Industries, Larsen & Toubro, and Infosys. Intraday, the Sensex hit a low of 75,240.55, falling as much as 1,054.81 points (1.38%).
Adding to investor concerns was a sharp correction in global crude oil prices, signaling rising fears of a potential global recession.
“The cascading impact of Trump’s tariff announcement is clearly being felt. Markets are nervous about prolonged trade tensions leading to slower global growth and rising inflation,” analysts noted.
With bearish sentiment prevailing and global cues turning increasingly negative, analysts suggest continued caution in the short term.
Published on: April 4, 2025
Indian equity markets continued their downward spiral on April 4, 2025, tracking a global equity rout triggered by US President Donald Trump’s aggressive reciprocal tariff policy. Concerns over the future of global trade and rising risks of a recession dragged down investor sentiment, leading to widespread sell-offs across sectors.
The Nifty 50 plunged 1.495% or 345.65 points to close at 22,904.45, while the BSE Sensex fell 1.22% or 930.67 points to settle at 73,364.69. In intraday trade, Nifty touched a low of 22,874.40 and Sensex hit 75,286.29. The market capitalization of Nifty 50 companies dipped by ₹3.24 lakh crore to ₹181.48 lakh crore.
“While India’s 26% tariff was lower than others, the risk lies in retaliatory measures which could impact global growth, trade, and inflation,”
— Shrikant Chouhan, Head of Equity Research, Kotak Securities
Key drags on the Nifty 50 included Reliance Industries, Larsen & Toubro, Infosys, Tata Steel, and TCS. However, HDFC Bank, ICICI Bank, Bajaj Finance, Tata Consumer Products, and Axis Bank provided some support.
On the NSE, 13 out of 15 sectoral indices ended in the red. Nifty Metal was the worst performer, while Nifty Finance was the only gainer. On the BSE, all 21 sectoral indices declined, with BSE Industrial leading the fall.
The broader markets underperformed benchmarks, with BSE Midcap and Smallcap indices dropping 3.01% and 3.42%, respectively. Market breadth was strongly negative — 1,837 stocks declined while only 267 advanced on the NSE.
On a weekly basis, both indices snapped their two-week winning streak:
• Nifty 50: -2.61%
• Sensex: -2.65%
This week on the NSE, 11 sectoral indices declined, while 4 advanced. The Nifty IT index saw the sharpest fall, whereas Nifty Media emerged as the best weekly performer.
With rising global trade tensions, recessionary fears, and high volatility, analysts expect markets to remain under pressure in the coming sessions.
Published on: April 4, 2025
Indian markets closed the week deep in the red, with sharp declines across most sectors amid global uncertainty and rising recession fears. The Nifty IT index led the fall, posting its steepest weekly drop since March 2020 and sinking to a 9-month low due to sustained selling in tech stocks. The Nifty Metal index also slumped, hitting a 4-week low and extending its losing streak for the second week.
While the broader market struggled — with the Nifty SmallCap index facing pressure from stocks like Aegis Logistics and KEC International — the Nifty PSU Bank index stood out, briefly touching a 2-month high earlier in the week, reflecting selective investor interest in state-run lenders.
Top Losers on Friday Included:
• Tata Steel: -8.59%
• Tata Motors: -6.15%
• Larsen & Toubro: -4.67%
• Adani Ports: -4.38%
• IndusInd Bank: -3.83%
On the NSE Nifty50, key drags included Tata Steel, Hindalco, ONGC, Tata Motors, and Cipla.
Market breadth was sharply negative, with 203 declining stocks versus just 19 advancers in the derivatives segment, signaling a strong bearish undertone. Despite the sell-off, a long build-up was observed in select names such as PNB Housing, Max Healthcare, Axis Bank, ICICI Bank, and Torrent Pharma, suggesting some pockets of accumulation.
“With the breach of critical support levels and geopolitical tensions at play, traders are expected to adopt a cautious stance. Volatility is likely to remain elevated in the short term,” analysts noted.
As global uncertainties and trade tensions continue to rattle investor confidence, markets may remain on edge in the coming sessions.
Published on: April 4, 2025
Indian equity markets plunged sharply on Friday, April 4, 2025, following a global rout triggered by US President Donald Trump’s announcement of reciprocal tariffs on major trading partners, including India. The move raised concerns of a worldwide economic slowdown and spurred a wave of risk aversion across global financial markets.
The BSE Sensex tumbled 930.67 points or 1.22% to close at 75,364.69, while the Nifty50 fell 345.65 points or 1.49% to end at 22,904.45, marking a steep decline in investor sentiment.
The sell-off was broad-based, with intense pressure seen in key sectors such as:
• Nifty Metal: -6.56%
• Nifty Pharma: -4.03%
• Nifty Oil & Gas: -3.78%
• Nifty IT: -3.58%
• Nifty Auto: -2.7%
“Markets slumped in sync with the crash in global equities… Trump’s tariff policy is expected to stoke recession fears and inflation,”
— Prashanth Tapse, Mehta Equities Ltd.
The US’s decision to impose a 26% tariff on Indian goods has raised alarms about export-driven sectors. Economists warn that higher tariffs could compress profit margins, reduce output, and increase global inflation as retaliatory tariffs are expected.
“Higher tariffs can stifle export margins and lead to lower production and growth,”
— Aditi Gupta, Bank of Baroda
“While the direct impact on India is moderate, the broader consequences are worse than projected,”
— Vinod Nair, Geojit Investments
Despite some resilience in banking and financial stocks, the broader markets saw significant damage:
• Nifty Midcap 100: -2.91%
• Nifty Smallcap 100: -3.56%
Top NSE losers included:
• Tata Steel: -8.43%
• Hindalco: -8.07%
• ONGC: -7.07%
• Tata Motors: -5.94%
• Cipla: -5.29%
• Reliance Industries: -3.43%
• Tech Mahindra: -3.46%
Visuals from the Bombay Stock Exchange reflected the panic and anxiety on Dalal Street, as traders reacted to one of the steepest declines in months. Going forward, markets are expected to remain volatile amid rising trade tensions and economic uncertainty.
Published on: April 4, 2025
Indian stock markets are expected to open under pressure on Friday, April 4, 2025, following weak global cues and heightened geopolitical uncertainty after US President Donald Trump announced the imposition of 'reciprocal tariffs'. As of 7:42 AM, GIFT Nifty futures traded 98.45 points lower at 23,228, indicating a subdued start for Indian equities.
On Thursday, benchmark indices Sensex and Nifty50 ended lower, with the Sensex declining by 322.08 points (0.42%) to close at 76,295.36, while the Nifty50 dropped 82.25 points (0.35%) to settle at 23,250.10. The downturn follows a sharp sell-off on Wall Street — the worst in five years — where Nasdaq plunged 5.97%, S&P 500 fell 4.84%, and Dow Jones dropped 3.98%. Asian markets mirrored the weakness, with Japan’s Nikkei down 2.57% and Hong Kong’s Hang Seng falling 1.52%.
Here are key stocks likely to be on the radar:
HDFC Bank: Reported a 14.1% YoY rise in deposits and 5.4% YoY growth in advances in its Q4 business update.
RBL Bank: Posted a 7% YoY increase in deposits for Q4FY25.
Avenue Supermarts (DMart): Reported standalone Q4 revenue of ₹14,462.39 crore, up from ₹12,393.46 crore a year ago.
Vedanta: FY25 aluminium production rose 2% YoY to 2,421 kt.
Jupiter Wagons: Its subsidiary JTRF secured land in Odisha for a new Railwheel & Axle forging plant.
State Bank of India (SBI): Discontinued its special 7.1% ‘Amrit Kalash’ fixed deposit scheme from April 1.
UltraTech Cement: Acquired Wonder WallCare for ₹235 crore.
Power Finance Corporation (PFC): Sanctioned ₹3,517 crore in loans for Chhattisgarh’s East Rail Corridor Project.
Ola Electric: Initiated same-day registration and delivery services for its vehicles.
Hindustan Zinc: Reported a 4% YoY increase in mined metal production to 3,10,000 tonnes in Q4FY25.
Surya Roshni: Bagged an order worth ₹116.15 crore from GAIL India for coated pipe supply.
G R Infraprojects: Awarded ₹106.45 crore plus interest by the Arbitral Tribunal in a case against the Bihar Government.
Investors are advised to keep an eye on these developments as market volatility is expected to remain high.
Published on: April 3, 2025
Bajaj Auto reported a 1% year-on-year (YoY) growth in total vehicle sales, including exports, reaching 3,69,823 units in March 2025, compared to 3,65,904 units in March 2024. The company’s domestic sales remained flat at 2,21,474 units, while exports rose by 2% to 1,48,349 units.
For the full fiscal year (FY25), Bajaj Auto recorded a 7% growth in total sales, reaching 46,50,966 units, compared to 43,50,933 units in FY24. Domestic sales increased slightly to 27,87,685 units from 27,14,723 units in the previous year. Meanwhile, exports surged 14% to 18,63,281 units, highlighting strong demand in international markets.
Despite challenges in the global trade environment, Bajaj Auto continues to strengthen its market presence, with overseas sales playing a key role in the company’s growth.