Stock Market Highlights 2 April 2025: Sensex, Nifty close higher as markets reassess impact of anticipated reciprocal tariffs

Candle stick graph chart of stock market investment trading, Stock exchange concept design and background. Vector illustrations. | Photo Credit: EMOJOEZ

• 17:29 | April 2, 2025

  Stock market live updates today: Sensex, Nifty jump as markets shrug off tariff fears 

  The benchmark indices closed higher on Wednesday, rebounding from the previous day’s losses as investors appeared to reassess the potential impact of US President Donald Trump’s anticipated reciprocal tariffs announcement. The BSE Sensex surged 592.93 points or 0.78 per cent to close at 76,617.44, while the NSE Nifty climbed 166.65 points or 0.72 per cent to end at 23,332.35. 

  

  Sensex, Nifty jump as markets shrug off tariff fears 

  Benchmark indices rebounded, led by realty sector, amid expectations of an interest rate cut; market sentiment remains cautiously optimistic.

• 16:15 | April 2, 2025

  Stock market live updates today: Rupee falls 2 paise to close at 85.52 against US dollar

  The rupee consolidated in a narrow range and settled for the day 2 paise lower at 85.52 (provisional) against the US dollar on Wednesday, as the support from positive domestic markets was negated by uncertainty over trade tariffs.

  

  Rupee falls 2 paise to close at 85.52 against US dollar

  Rupee ends flat against US dollar amid trade tariff uncertainty, supported by positive domestic markets and weak dollar.

• 15:45 | April 2, 2025

  BSE share price in focus today: BSE shares end nearly 4% higher

  

  BSE Stocks & Share Price LIVE: BSE shares surge 3% as equity benchmarks inch higher ahead of US tariffs

  BSE Stocks Today, BSE Share Price Live news & updates 2nd Apr 2025: Shares of BSE Ltd are in focus today. The stock continues its gaining momentum for the second trading session after announcing bonus issue. The board on March 30, 2025, announced issuance of bonus equity shares in the ratio 2:1. The company will inform the record date for determining the entitlement in due course, according to a stock exchange filing. Track live updates here

  Track live updates

• 15:44 | April 2, 2025

  Stock market live updates: Expert view | Shrikant Chouhan, Head Equity Research, Kotak Securities

  Today, the benchmark indices witnessed a recovery rally, with the Nifty ends 167 points higher while the Sensex was up by 593 points. Among sectors, most of the major sectoral indices traded in positive territory, but the Realty index outperformed, rallying over 3.35 percent.

  Technically, on intraday charts, after a muted opening, the market found support near 23150/76000 and reversed. Following this reversal, it maintained positive momentum throughout the day. Additionally, it formed a bullish candle on daily charts, supporting a further uptrend.

  We believe that as long as the market is trading above 23150/76000, the pullback formation is likely to continue. On the upside, it could move up to 23500/77000. A dismissal of 23500/77000 could push the market towards 23650/77500. Conversely, if the market falls below 23150/76000, selling pressure may intensify, and it could slip to the 23000-22950/75500-75300 range.

  - Shrikant Chouhan, Head Equity Research, Kotak Securities

• 15:43 | April 2, 2025

  Stock market live updates: Top gainers & losers on the NSE

  Top gainers on the NSE:

  Tata Consumer Products, Zomato, Titan, IndusInd and Tech Mahindra

  Top losers:

  BEL, Nestle India, UltraTech, Bajaj Finserv, Power Grid

• 15:40 | April 2, 2025

  Stock market live today: Mamaearth launches new mosquito repellent campaign with Shilpa Shetty

  

  Mamaearth launches new mosquito repellent campaign with Shilpa Shetty 

  Mamaearth launches new mosquito repellent campaign with Shilpa Shetty Kundra, offering natural protection for children.

• 15:38 | April 2, 2025

  Stock market live updates today: Closing bell | Sensex, Nifty ends higher

  Sensex closed 592.93 points or 0.78% higher at 76,617.44, close to the day’s high of 76,680.35. Nifty 50 closed 166.65 points or 0.72% positive at 23,332.35. All sectoral indices end in green.

• 15:28 | April 2, 2025

  Stock market live today: ECL Finance appoints Ajay K Khurana as MD

  ECL Finance has appointed Ajay K Khurana as Managing Director, effective April 1, 2025.

  Ajay K. Khurana is a seasoned banking professional with over four decades of experience in consumer banking, risk management, and digital transformation. He has played a key role in strengthening Bank of Baroda’s position in India and has held leadership roles at Syndicate Bank and Vijaya Bank.

• 15:27 | April 2, 2025

  Stock market live updates today: Realty stocks shine

  Top gainers of Nifty Realty include:

  • Godrej Properties (+5.38%)
  • Lodha (+5.27%)
  • Prestige (+3.53%)
  • Oberoi Realty (+3.10%)
  • DLF (+3%)
• 15:19 | April 2, 2025

  Stock market live today: Marine Electricals stock hits upper circuit, bags work order for ₹8.14 cr

  Marine Electricals (India) has received order amounting to ₹8.14 crore from Data Center Holdings India LLP for supply of LV panels the delivery shall be over a period of six months. 

  Stock hits upper circuit on the NSE at ₹173.07, higher by 5%.

• 15:17 | April 2, 2025

  Stock market live updates: Bharat Dynamics stock in focus | Company achieves turnover over ₹3,300 cr in FY24-25

  Bharat Dynamics (BDL) has achieved turnover of over ₹3300 crore (Provisional & Unaudited) during the FY 2024-25, against the previous year’s turnover of ₹2,369 crore registering a record growth of around 40%. 

  BDL shares soared 3.83% on the NSE to ₹1,292.90.

• 15:15 | April 2, 2025

  Stock market live updates: Expert view

  ING FX Strategist, Francesco Pesole, comments ahead of Trump’s anticipated tariffs on ‘liberation day’:

  “Media reports have suggested that Trump is planning a 20% tariff on most US imports, roughly equating to $660bn in expected revenues when taking the 3.3tr as a reference value for US imports. But it’s also been reported that a tiered system with different rates or a customised approach is being considered. Expectations are also that some sensitive sectors can be excluded to minimise the impact on US producers and consumers. There is an open question of whether new tariffs will be added to existing ones on autos and metals or if only the highest tariff rate will be in place. 

  “The second layer of FX impact will depend on the geographical distribution of tariffs. Markets may be taking the 20% flat rate as a baseline, which can generate a stronger dollar reaction across the board, but the details of country-specific and product-specific duties should determine how single currencies will behave in the crosses. We still think European currencies are facing greater downside risks in this sense. Finally, the US administration’s tone on negotiation room will be a key factor for market reaction.

  “We have seen some sharp outperformance of AUD, NZD, NOK and CAD overnight as a flat tariff as opposed to case-specific reciprocal tariffs is seen as slightly more lenient and crucially less unpredictable. Our view remains that downside risks dominate for all currencies against the dollar today. The US may try to announce the harsher measures today before eventually scaling it back, which may still force a positioning rotation into USD and JPY with high beta currencies taking the bigger hit. But dollar outperformance today will not be indicative of more sustainable strengthening. Time will be needed to assess how long tariffs will remain in place: alongside US data releases (watch ADP payrolls today), that will determine the USD outlook. We still favour USD appreciation beyond today’s event, but it will hardly be a smooth ride.”

• 15:14 | April 2, 2025

  Stock market live today: SAR Televenture board approves share swap for acquisition of a majority stake in Tikona Infinet for ₹578 crore

  SAR Televenture Limited, a leading network infrastructure company listed on NSE, has announced that its Board has approved the share swap for acquisition of a majority stake in Tikona Infinet Limited, a prominent internet service provider, for a total consideration of ₹578 crore. The acquisition has been structured as a share swap, with Tikona’s shareholders receiving shares in SAR Televenture as part of the share purchase agreement.

  This acquisition marks a strategic milestone for SAR Televenture as it gains a strong foothold in the enterprise broadband segment leading to it becoming 3rd largest player in the enterprise Broadband segment.

  Tikona possesses all India Unified License (ISP, Category-A) and National Long Distance (NLD) license . Tikona offers a wide range of telecom services, including Broadband, Lease Line ,Virtual private networks (VPNs)and other value-added services.

  Tikona has ,marquee customer base across diverse industries with presence in Top 25+ cities positioned for high growth in enterprise connectivity, managed services etc. With the acquisition, SAR Televenture strengthens its capabilities to provide seamless, high-speed connectivity solutions across the country. The integration of Tikona’s expertise in enterprise data services aligns perfectly with SAR Televenture’s vision for sustained growth and excellence.

• 15:13 | April 2, 2025

  Stock market live updates today: IDBI Capital Markets & Securities Ltd. named as BPCL’s Consultant for BPCL ANKUR FUND

  IDBI Capital Markets & Securities Ltd. (ICMS) has been appointed as Consultant by Bharat Petroleum Corporation Ltd. (BPCL) for BPCL ANKUR FUND, which is established to make investments in high-potential early-stage startups, primarily those working in sectors aligned with BPCL’s business areas.

  BPCL has been a pioneer in supporting startups through its initiative “Ankur”. Since 2016, it has supported 30 startups with grant funding of approximately Rs. 28 crores. This initiative is part of BPCL’s broader efforts to cultivate a supportive ecosystem that fosters entrepreneurship and innovation in the country.

• 15:12 | April 2, 2025

  Stock market live: Vinati Organics stock in focus

  Vinati Organics Limited has subscribed to additional equity shares amounting to ₹61.44 crore by way of subscription towards the rights issue of Veeral Organics Pvt. Ltd., a Wholly Owned Subsidiary, the shares rank pari-passu to existing Equity Shares of the Company. 

  Stock traded flat on the NSE at ₹1,568.95

• 15:11 | April 2, 2025

  Stock market live updates: PNB Housing stock in focus

  PNB Housing Finance achieved ₹5,000 crore Affordable book as on March 31, 2025. 

  Stock traded at ₹901.30 on the NSE, 3.26% higher.

• 15:09 | April 2, 2025

  Stock market live updates: Sensex, Nifty 50 rally

  Sensex rallied 625.64 pts or 0.82% to 76,650.15 as at 3.08 pm, and Nifty 50 climbed 170.50 pts or 0.74% to 23,336.20.

• 15:06 | April 2, 2025

  Stock market live updates today: BSE shares in focus

  Shares of BSE Ltd traded 3.22% higher on the NSE at ₹5,641.90, nearly 25 mins ahead of market close.

  Track live updates here

  

  BSE Stocks & Share Price LIVE: BSE shares surge 3% as equity benchmarks inch higher ahead of US tariffs

  BSE Stocks Today, BSE Share Price Live news & updates 2nd Apr 2025: Shares of BSE Ltd are in focus today. The stock continues its gaining momentum for the second trading session after announcing bonus issue. The board on March 30, 2025, announced issuance of bonus equity shares in the ratio 2:1. The company will inform the record date for determining the entitlement in due course, according to a stock exchange filing. Track live updates here

• 15:05 | April 2, 2025

  Stock market live updates: 2,779 stocks advanced on the BSE

  Stocks advanced on BSE at 3 pm on April 2, 2025, were 2,779 against 1,113 stocks that declined, and 148 remained unchanged. Total stocks traded were 4,040. The number of stocks that recorded a 52-week high was 59, and those that hit a 52-week low was 80. A total of 403 stocks traded in the upper circuit, and 162 in the lower circuit.

• 14:58 | April 2, 2025

  Stock in focus: Sanofi India

  Sanofi India informed exchanges that Gujarat High Court allowed writ petition for claim of refund of Rs. 83,74,925 for the year 2014 by giving direction to the Company to submit all requisite documents to jurisdictional authority for rebate claim on export. 

  Stock traded 1.145 positive on the NSE at ₹5,911.

• 14:58 | April 2, 2025

  Share market live today: Major gainers of Nifty midcap 100

  Kalyan Jewellers (+10.13%), Vishal Mega Mart (+4.87%), Godrej Properties (+4.83%), Dixon (+4%), Policy Bazaar (+3.80%)

• 14:50 | April 2, 2025

  Stock market live today: IDFC FIRST Bank authorised by CPAO for pension disbursement.

• 14:46 | April 2, 2025

  Share market live today: NBCC (India) has secured orders worth ₹215.63 crore. Stock rose 1.46% on the NSE to ₹82.81.

• 14:45 | April 2, 2025

  Share market live updates: Sensex climbs 515 pts

• 14:41 | April 2, 2025

  Share market live news: RITES stock traded flat on the NSE at ₹230.60. The company and UP State Bridge Corp have mutually agreed to cease the execution of certain projects in Uttar Pradesh.

• 14:38 | April 2, 2025

  Stock in focus: Godawari Power and Ispat

  Godawari Power and Ispat stock soared 5.83% on the NSE to ₹200.49. It had suspended mining activities at Boria Tibu, set to resume after receipt of renewal approval from the Indian Bureau of Mines.

• 14:36 | April 2, 2025

  Market news today: Coal India traded flat on the NSE at ₹396.25. It produced 85.8 MT of coal in March 2025, 3.1% lower than last year.

• 14:34 | April 2, 2025

  Stock market live today: Swiggy receives tax demand of over ₹158 crore

  Swiggy received an assessment order with an additional tax demand of over ₹158 crore for the period between April 2021 and March 2022.

  Swiggy shares surged 3.77% on the NSE to ₹344.40.

• 14:30 | April 2, 2025

  Share market live today: Infosys launches Formula E Stats Center, stock rises

  Infosys announced the launch of the Formula E Stats Center, developed in partnership with the ABB FIA Formula E World Championship, the world’s first all-electric FIA World Championship. 

  Stock traded at ₹1,547.55 on the NSE, up 1.38%.

• 14:27 | April 2, 2025

  Stock to watch: LTIMindtree

  PHINIA Inc. has partnered with LTIMindtree. Through this partnership, LTIMindtree will provide seamless support and transformation of PHINIA’s IT infrastructure, while enhancing application maintenance and development services. 

  LTIMindtree stock rose 1.20% on the NSE to ₹4,479.55

• 14:12 | April 2, 2025

  Stock market live today: SEBI Grants extension to NSDL to launch IPO till July 31 - PTI

• 13:41 | April 2, 2025

  Share Market Live Updates: Bedi Steels Files DRHP for BSE SME IPO; Aiming to Fuel Growth and Expansion

  Bedi Steels Limited, a manufacturer and supplier of high-quality steel and alloy ingots under the “Bedi” brand, today announced the filing of its Draft Red Herring Prospectus (DRHP) with the BSE SME platform. The company plans to raise capital through an Initial Public Offering (IPO) comprising a fresh issue of 18,24,000 equity shares, each with a face value of ₹10. Khambatta Securities Limited is the Book Running Lead Manager for the IPO, and Bigshare Services Private Limited is the Registrar to the offer.

  The IPO proceeds will be strategically deployed. Bedi Steels intends to utilise ₹33.31 crore for meeting the company’s working capital requirements. The remaining capital will support general corporate purposes, facilitating Bedi Steels’ continued growth and expansion.

• 13:37 | April 2, 2025

  Share market live today: Tata Electronics appoints KC Ang as president of its foundry business; commits ₹91,000 crore for semiconductor plant in Gujarat

  Tata Electronics committed investment of ₹91,000 crore to set up a semiconductor fabrication plant at Dholera, Gujarat.

  Tata Electronics is developing capabilities in electronics manufacturing services, semiconductor assembly and test, semiconductor foundry, and design services. The company employs over 65,000 people across its operations in Gujarat, Assam, Tamil Nadu, and Karnataka. (PTI)

• 13:34 | April 2, 2025

  Top gainers, losers intraday April 2, 2025: Sensex soars 460 pts, Tata Consumer jumps 7%, IndusInd, Zomato lead gainers

  

  NSE BSE Top gainers, losers today 2nd April: Sensex soars 460 pts, Tata Consumer jumps 7%, IndusInd, Zomato lead gainers

  Nifty 50 components show mixed trends with sectoral indices in green, Sensex and Nifty 50 gain intraday.

• 13:34 | April 2, 2025

  Mid-day updates: Markets extend gains as Tata Consumer surges over 7%; caution persists ahead of Trump’s tariff plans

  

  Markets extend gains as Tata Consumer surges over 7%; ahead of Trump’s tariff plans

  Benchmark indices rise steadily amid cautious investor sentiment ahead of Trump's tariff announcement, with top gainers and losers highlighted.

• 13:33 | April 2, 2025

  Stock in focus: Refex Green Power wins tender for Bio-CNG plant in Salem at ₹65.07 crore; stock jumps 5.24%.

  Refex Green Power Limited, a wholly-owned subsidiary of Refex Renewables & Infrastructure, has won a tender for Establishment of 200 TPD Municipal Solid Waste based Bio-CNG plant at Salem under PPP mode, LOA issued by Salem City Municipal Corporation. 

  Project cost is estimated @ ₹65.07 Crore. 

  Refex Renewables & Infrastructure stock soared 5.24% on the BSE to ₹646.

• 13:32 | April 2, 2025

  Stock in focus: GPT Infraprojects secures ₹481.11 crore contract from CAO Construction, South Eastern Railway; stock rises 3.81%.

  GPT Infraprojects has received contract from CAO Construction, South Eastern Railway, Kolkata, totaling to ₹481.11 Crore.

  Stock surged 3.81% on the NSE to ₹124.80

• 13:32 | April 2, 2025

  Stock in focus: Indian Hotels Company to transfer restaurant business to St. James Court Hotels; stock rises 3.03%

  The Indian Hotels Company informed that its Company’s Wholly Owned Overseas Subsidiary i.e. Taj International Hotels Limited to St. James Court Hotels Limited, a subsidiary, have executed reconstruction agreement to transfer the restaurant business (along with all the related assets and liabilities) on April 1, 2025.

  The Indian Hotels Company stock surged 3.03% on the NSE to ₹830.15

• 13:31 | April 2, 2025

  Share market live today: ABB India delivers automation solutions to Indian Oil Corporation

  ABB India Ltd has delivered an integrated scope of advanced automation and digital solutions for Indian Oil Corporation Ltd.’s

  ABB India stock traded at ₹5,305.20 on the NSE, down 1.74%.

• 13:30 | April 2, 2025

  Stock market live news: RISE Worldwide and BLAST Esports form joint venture for esports in India”

  RISE Worldwide Limited, a wholly-owned subsidiary of Reliance Industries, and BLAST Esports Limited, a wholly-owned subsidiary of BLAST ApS, today announced an agreement to form a joint venture to conduct esports business in India. 

  Reliance stock traded flat on the NSE at ₹1,252.95.

• 13:29 | April 2, 2025

  Stock market live today: Excitel outpaces Airtel, Jio, BSNL in broadband speed: Ookla

  

  Excitel outpaces Airtel, Jio, BSNL in broadband speed: Ookla

  Excitel Broadband Pvt Ltd ranked as the fastest ISP in India in 2024, with top speeds and overall connectivity.

• 13:17 | April 2, 2025

  Stock market live news: Mumbai ranks lowest among Indian cities in fixed broadband speed: Ookla

  

  Mumbai ranks lowest among Indian cities in fixed broadband speed: Ookla

  Mumbai ranks worst in fixed broadband speed in India, while Delhi shows better performance in Ookla's Speedtest Global Index.

• 12:58 | April 2, 2025

  Stock market live today: Nifty Metal Index soars 11% amidst diverse performance in the mining sector

  

  Nifty Metal Index soars 11% amidst diverse performance in the mining sector

  Nifty Metal index sees gains in FY25, with Vedanta and Hindustan Zinc leading, despite challenges faced by peers.

• 12:47 | April 2, 2025

  Share market live today: AGI Infra secures JDA license for ‘Prestige by AGI’ housing project in Jalandhar

  AGI Infra has obtained Licence from Jalandhar Development Authority (JDA) for Group Hosing Residential Project named “Prestige by AGI” situated at Village Pholriwal, Jalandhar, Punjab. 

  Stock traded flat on the NSE at ₹817

• 12:32 | April 2, 2025

  Share market live today: Salman Khan named brand ambassador for 10X Zarda King rice

  

  Salman Khan named brand ambassador for 10X Zarda King rice 

  Salman Khan appointed brand ambassador for GRM Overseas' 10X Zarda King rice, promoting biryani with #RishtaMubarak campaign.

• 12:30 | April 2, 2025

  Stock market live today: Federal Bank launches Fed StarBiz credit card for SMEs, enhancing financial management and convenience

  Federal Bank announced a new addition to its product portfolio with the launch of Fed StarBiz - a credit card designed exclusively for business customers. This has been launched by Federal Bank in collaboration with NPCI, an umbrella organization for operating retail payments and settlement systems in India and Visa, a global payments technology company. Fed StarBiz is designed to cater to the unique needs of SME customers, offering a range of features and benefits that enhance financial management and convenience.

  Fed StarBiz marks Federal Bank’s strategic entry into the business and commercial cards segment, with an aim to empower India’s vibrant business ecosystem.

  Speaking at the launch ceremony, Shalini Warrier, Executive Director at Federal Bank, said “SME customers play a very critical role in India’s growth and Federal Bank has always been at the forefront of providing innovative solutions to them. In continuation of that journey, we are excited to introduce Fed StarBiz, a business credit card. The credit card is available in both Rupay and Visa variants. The card is linked to the customer’s Overdraft or Cash Credit account is designed to provide our business customers with the financial flexibility and security they need to thrive in today’s competitive environment.”

• 12:30 | April 2, 2025

  Stock market live today: V2 Retail’s Q4 FY25 revenue reaches ₹499 crore with 69% y-o-y growth, shares up 4.42%

  V2 Retail reported that its standalone revenue for Q4 FY25 stood at ₹499 crore, a 69% y-o-y growth, driven by stronger product demand, improved store experience and efficient supply chain management. 

  Shares soared 4.42% on the NSE to ₹1,799.90

• 12:30 | April 2, 2025

  Stock market live today: Harshdeep Hortico secures ₹96.44 lakh orders for flower pots from L&T and Adani Group

  Harshdeep Hortico had received work order from Larsen & Toubro for the Navi Mumbai Airport for Supply of Flower Pots, and another purchase order from Navi Mumbai International Airport Private Limited as managed by Adani Group for supply of Flower pots. The Order value is ₹96.44 lakh.

  BSE SME stock traded at ₹65, down 2.40%.

• 12:29 | April 2, 2025

  Stock market live today: More than three dozen tech startups valued at $100 billion plan to go public by 2027 in India’s stock sales rebound

  More than three dozen tech startups with a combined valuation of $100 billion are set to go public by 2027 in what would mark a rebound in stock sales in India, according to one of the country’s top deal advisers to internet companies. - Bloomberg

• 12:15 | April 2, 2025

  Share market live news: India’s Future Investors partners with BSE Institute to Empower Financial Literacy

  India’s Future Investors (IFI), the country’s first-ever investment education reality TV show, collaborates with BSE Institute Limited (BIL), a 100% subsidiary of BSE Limited, as its official knowledge partner. This collaboration aims to empower IFI participants with industry-leading financial literacy and investment knowledge through free webinars, and certifications.

  Under this partnership, IFI participants will get certificates from BSE Institute and gain exclusive access to BSE Institute’s specialized training programs, offering insights into stock markets, financial planning, and investment strategies, enhancing their credentials and boosting their confidence as informed investors.

  Speaking on the partnership, Mahek Tomer, Founder & CEO of IFI, said, “Partnering with BSE Institute marks a major milestone in our mission to foster a culture of informed investing. By equipping our participants with expert knowledge, practical skills, and recognized certification, we aim to create a new generation of savvy investors who can make confident and data-driven financial decisions. This partnership will add immense value to our show, making financial literacy accessible and rewarding.”

  Mr.V.Narayanan Iyer, Managing Director, BSE Institute Limited , added, “Financial literacy is the cornerstone of a strong and resilient economy. By collaborating with IFI, we are excited to provide aspiring investors with access to world-class educational resources and certification. Our goal is to empower participants with the knowledge and confidence to navigate the financial markets effectively, contributing to India’s journey towards becoming a $5 trillion economy.”

  The partnership with BSE Institute complements IFI’s vision of making financial education engaging and practical. This initiative will not only enhance the financial skills of participants but also inspire millions of viewers to embrace responsible investing. With BSE Institute as the knowledge partner, India’s Future Investors continue to lead the way in transforming financial literacy into an exciting and empowering experience, shaping the future of India’s investor community.

• 12:15 | April 2, 2025

  Share market live today: Focus Lighting and Fixtures secures ₹1.27 crore order from Marwadi Educare, stock rises 5% to ₹85.72

  Focus Lighting and Fixtures has bagged an order worth ₹1,27,26,765 (excluding GST) from Marwadi Educare Foundation for the purpose of Manufacture, Supply, and delivery of Lighting and Fixtures for Indoor & Outdoor light.

  Stock hits upper circuit on the NSE at ₹85.72, higher by 5%

• 12:12 | April 2, 2025

  Share market live today: Tata Consumer faces ₹2,620 crore tax demand; Goldman Sachs upgrades stock

  

  Tata Consumer shares jump 7%, faces ₹2,620 cr tax demand; Goldman Sachs upgrades stock

  Tata Consumer Products faces tax demand, but Goldman Sachs upgrades stock with positive outlook on future growth.

• 12:07 | April 2, 2025

  Stock in focus: Capital Small Finance Bank’s corporate agent license renewed, stock rises 3.18% to ₹274.20

  Capital Small Finance Bank informed that IRDAI has renewed the license as the Corporate Agent (Composite) license dated April 01, 2025 to the Company for soliciting life, general and health insurance as Corporate Agent

  Stock surged 3.18% on the NSE to ₹274.20

• 12:06 | April 2, 2025

  Sensex today: Advance-decline ratio at noon trade

  Stocks advanced on BSE at 12 noon on April 2, 2025, were 2,478 against 1,196 stocks that declined, and 174 remained unchanged. Total stocks traded were 3,848. The number of stocks that recorded a 52-week high was 53, and those that hit a 52-week low was 70. A total of 302 stocks traded in the upper circuit, and 149 in the lower circuit.

• 11:48 | April 2, 2025

  Stock market live today: Bharti Airtel and Nokia expand 5G collaboration; shares rise 1.42% to ₹1,748.65

  Bharti Airtel and Nokia expand core network collaboration to speed-up new 5G service delivery

  Shares rose 1.42% on the NSE to ₹1,748.65

• 11:46 | April 2, 2025

  Share market live today: BEL achieves record ₹23,000 crore turnover in FY25

  

  BEL Share Price: Bharat Electronics achieves record ₹23,000 crore turnover in FY25 

  Bharat Electronics Limited (BEL) reports record turnover, export sales, and new orders, emphasizing self-reliance and global outreach.

• 11:32 | April 2, 2025

  Stock in focus: Reliance Infrastructure repays bank facilities and NCDs; stock rises 1.95% to ₹258.50

  Reliance Infrastructure informed that CARE Ratings has withdrawn the rating in respect of the Company’s Non-convertible Debentures (NCDs) and Long-Term and ShortTerm bank facilities as the Company has repaid the aforementioned bank facilities and NCDs in full.

  Stock rose 1.95% on the BSE to ₹258.50

• 11:22 | April 2, 2025

  Stock market live today: Zaggle Prepaid Ocean Services stock rose 2.30% on the NSE to ₹362.20. It had entered into an agreement with Truecaller International LLP.

• 11:18 | April 2, 2025

  Stock in focus: Sun TV Network trades flat on NSE at ₹638.85 after NCLT approval for Udaya FM-Kal Radio amalgamation scheme

• 11:16 | April 2, 2025

  Share market live today: Top gainers and losers of Nifty 50 at around 11.10 am

  Major gainers of Nifty 50 at around 11.10 am:

  Tata Consumer (+7.63%), Maruti (+1.97%), IndusInd (+1.93%), Tech Mahindra (+1.85%), Apollo Hospitals (+1.49%)

  Major losers:

  BEL (-3.92%), Nestle India (-1.79%), Ultratech (-1.36%), Jio Financial (-1.11%), Dr Reddy’s (-0.93%)

• 11:13 | April 2, 2025

  Stock in focus: Quess Corp shares rise post new leadership announcements

  Quess Corp shares rose 2.47% on the NSE to ₹676.45. The company had announced the appointment of the new board and leadership teams for Digitide Solutions and Bluspring Enterprises, the companies emerging from the demerger process.

• 11:11 | April 2, 2025

  Share market live today: Sensex climbs 450 pts

• 11:10 | April 2, 2025

  Stock market live today: Emerald Finance infuses ₹10 crore with preferential allotment of equity shares to promoters, FIIs and HNIs

• 11:10 | April 2, 2025

  Stock in focus: Parag Milk Foods expands products portfolio with high-protein, nutrient-rich offerings; stock trades at ₹166.25 on NSE, down 2.29%

• 11:03 | April 2, 2025

  Stock in focus: Ashok Leyland’s shareholding in Optare PLC increases by 0.41% i.e. from 92.59% to 93%; stock trades flat on NSE at ₹208.50

• 10:42 | April 2, 2025

  Stock in focus: Paras Defence signs MoU with MicroCon Vision; stock remains flat at ₹972.05 on NSE

  Paras Defence and Space Technologies has signed a Memorandum of Understanding (MoU) with MicroCon Vision Ltd. (MicroCon), part of CONTROP and the Rafael Group, Israel. 

  Stock traded flat on the NSE at ₹972.05

• 10:41 | April 2, 2025

  Stock in focus: BEL shares decline 4.73% on NSE to ₹278.20 amidst lower-than-expected order bookings for FY 2024-25

  BEL shares fall 4.73% on the NSE to ₹278.20. 

  It had recorded turnover of ₹23000 Crore. In the fiscal year 2024-25, BEL secured orders worth ₹18715 crore lower than the projections

• 10:40 | April 2, 2025

  Technicals: Nifty Prediction Today: Can fall further before reversal happens

  

  Nifty Prediction Today – April 02, 2025: Can fall further before reversal happens

  Nifty 50 April Futures outlook: Support at 23,200-23,180, resistance at 23,430, potential rise to 23,530. Trade strategy included.

• 10:39 | April 2, 2025

  Technicals: Nifty Bank Prediction today: Index might rebound off a support

  

  Nifty Bank Prediction today – Apr 2, 2025: Index might rebound off a support

  Nifty Bank futures analysis: Support at 51,000, resistance at 52,000, buy at 51,300, stop-loss at 50,950.

• 10:08 | April 2, 2025

  Share market live today: BSE shares up 2%

  Track live updates

• 09:42 | April 2, 2025

  Stock recommendations today: JPMorgan On Metals

  NMDC & Coal India Posts Weak Volume Results In March 

  NMDC’s Production Down 27% YoY, While Coal India’s Production Falls 3% YoY. 

  Sales Volumes For NMDC Up 6% YoY, While Coal India’s Offtake Flat YoY 

  NMDC Reports A 30-40% Production Impact In March Due To Strikes 

  With Normal Operations Resuming On March 21 

  We Believe The Sharp Production Decline Is Primarily Due To The Strikes 

  But Await Management’s Clarity On Any Potential EC Limit Impact 

  Reiterating A Cautious View On NMDC (Underweight) & Coal India (Neutral). 

  Production Volume Growth Is Crucial For Investor Confidence To Return 

• 09:42 | April 2, 2025

  Stock recommendations today: GS On Trent

  Buy Call, Target Price At Rs8,120/sh 

  Large Positive Surprise In Zudio Store Additions In Q4 

  Accelerated Store Additions In FY25 Should Revive Investor Confidence In Zudio’s Long-term Potential 

  Zudio Has Significant Runway For Store Penetration & Increasing Mkt Share In 

  The Value Segment Trent Has The Highest Earnings Growth Potential In Our India Consumer Coverage 

• 09:42 | April 2, 2025

  Stock recommendations today: Bernstein On India Solar PV

  Initiate Underweight On Waaree, Target Price At Rs1,902/sh 

  Initiate Underweight On Premier Energies, Target Price At Rs693/sh 

  Waaree Energies & Premier Energies Have Made Smart Investments 

  Waaree Energies & Premier Energies Are Pioneers In India’s Solar PV Space Waaree Energies & Premier Energies Potential In The Coming Quarters Is Promising They Recognise That Supernormal Returns Won’t Last Indefinitely & Are Diversifying Into Energy Transition 

  Areas, Such As Batteries Initiating At Underperform Due To Cycle Positioning, Expectations Of Deteriorating Returns & High Valuations Regulatory Arbitrage-based Businesses Cannot Justify The Same Multiples 

  It’s Too Early To Assign Credible Value To New Ventures, Especially With Large Conglomerates Entering The Space 

• 09:42 | April 2, 2025

  Stock recommendations today: Jefferies On Telecom

  Voda Idea’s Spectrum Dues Worth US$4.3 bn Will Convert To Equity 

  Raising The Government’s Stake To 49%, Nearly Double The Promoters’ Stake 

  Despite The Conversion, Voda Idea’s Leverage Remains High At 18x EBITDA 

  Voda Idea Will Need Tariff Hikes Or Further 

  Regulatory Relief, Which Is Positive For Bharti Airtel & Jio Voda Idea’s Cash Flow Relief May Boost Its Capex Outlook, Which Would Be Positive For Indus Towers. Bharti Airtel Remains Our Top Pick 

• 09:41 | April 2, 2025

  Stock recommendations today: MS On MCX

  Underweight Call, Target Price At Rs3,400/sh 

  MCX’s Transaction Revenue For Q4 Was Rs289 Cr Down 4% QoQ & Up 60% YoY, Slightly Below Our Estimate Of Rs293 Cr. 

  Average Daily Transaction Revenue (ADTR) For Q4 At Rs390 Cr, Close To Our Estimate Of Rs395 Cr, With 

  March-25 Settling At Rs389 Cr Assuming ADTR Of Rs402 Cr For FY26 & Rs419 Cr For FY27 Investors Expect Regulatory Approval For Weekly Options, Which Would Present Upside Potential 

• 09:41 | April 2, 2025

  Stock recommendations today: MS On BEL

  Underweight, Target Price At Rs364/sh 

  BEL Reports FY25 Standalone Revenue Of Rs23,000 Cr Up 16% YoY 

  FY25 Exports Revenue At $106 mn Up 14% YoY 

  Q4FY25 Revenue Up 3% YoY (Below Our Estimate By 5%) 

  FY25 Order Inflow At Rs18720 Cr Down 47% YoY, Below Our Estimate Of Rs25,000 Cr. FY25 Order Book At Rs71,650 Cr Down 6% YoY, With Export Order Book At $359 mn Down 12% YoY 

• 09:41 | April 2, 2025

  Stock recommendations today: MS On Coal India

  Overweight Call, Target Price At Rs525/sh 

  March 2025 Off-take Remained Under Pressure, Flat YoY 

  Power Demand Improved From Feb, Trending Up At 6-7% YoY 

  CIL Volumes Struggled Due To Elevated Power Plant Inventories (Over 19 Days) 

  Expect Some Digestion As Power Demand Remains Strong, But Off-take May Remain Pressured In Q1 Weak Off-take & Global Coal Price Pressures May Impact Q4FY25 & FY26 Earnings Unless Power Demand Picks Up Significantly 

• 09:40 | April 2, 2025

  Stock recommendations today: Antique on Hindalco- Analyst Meet Takeaways

  Maintain BUY; TP Rs.750 

  Valued at 6.5x FY27E EV/EBITDA multiple 

  Novelis’ long term USD 600 EBITDA per ton target maintained 

  Hindalco’s management outlined their plans of doubling the India business upstream capacity and quadrupling the downstream capacity by 2030 

  Consolidated leverage levels are comfortable at ~1.3x (FY25TTM) as compared to a targeted range of 2.0x with a long dated maturity profile providing flexibility for growth capex 

  Novelis is the world’s largest aluminum flat rolled product manufacturer and leader in the beverage can and auto segments 

  Novelis estimates a 4%–6% CAGR in demand across segments over the next five years 

  Novelis is targeting an adjusted EBITDA of USD 600/ton in the long term (from USD 491/ton during trailing twelve months ended December’24) supported by leverage from scale, pricing and product mix, operational efficiencies and cost optimization, and increasing recycled inputs from 63% currently to 75% by CY30 

• 09:40 | April 2, 2025

  Stock recommendations today: JPM and Citi on Handalco

  JPM on Hindalco

  OW, TP Rs 670

  Analyst day key takeaways

  1) Aluminum smelter expansion of 180KT under execution & additional projects under evaluation to take total capacity to 2MTPA+ over longer term

  2) Expansion projects under execution including alumina refinery, copper smelter

  3) Targeting potential EBITDA/t ($/t) improvement of $200/t (aluminum upstream), $100/t (copper), $120/t (aluminum downstream) & $50/t (specialty alumina);

  4) Overall net debt to ebitda target of below 2x 

  Management reiterated that 4Q EBITDA/t at Novelis is expected to be similar to 2Q level, however did not provide guidance for FY26

  Citi On Hindalco

  Buy Call, Target Price At Rs725/sh

  Enhance upstream & Downstream Capacities In India

  Novelis Aims For 75% Recycled Content By 2030, Up From 63% Currently

  Reduce Carbon Emissions From 4 tonnes/t Of FRP To Under 3, With A Focus On ROIC

  EBITDA/t Goal For Novelis Remains $600

  India EBITDA/t Growth Driven By Resource Security & Premiumisation

  Capital allocation priorities Are Strong Balance Sheet, Invest In Growth & Return 8-10% Of Free Cash Flow To Shareholders

  Hindalco Trades At 5.4x (Adjusted For CWIP)

• 09:39 | April 2, 2025

  Stock recommendations today: JP Morgan on Indian IT Services

  Downgrade HCL Tech from OW to Neutral

  Downgrade on back of weak Q4, soft deal wins and macro uncertainty

  Upgrade Tech M from Underweight to Neutral

  See Tech M as Self-help Margin Story

  All eyes on FY26 guidance as another modest year beckons

  Q4 will see uncertain macro impact

  Q4 will display softer seasonality from a combination of weaker macro and some AI deflation

  Expect FY26 to show no growth acceleration as a base case

  Moderate FY26/FY27 revenues by 3-5% for Tier I companies by 2-10% for Tier II

  Structural preferences: Coforge, Persistent system, Infy, KPIT Tech , LTI Mindtree and Sagality

  Target Price Changes

  TCS - Maintain Neutral ; Cut TP to Rs.3900 from 4500

  HCL Tech - Downgrade to Neutral from OW ; Cut TP to 1700 from 2200

  TechM - Upgrade to Neutral from underweight ; TP Maintained at 1500

  Infosys- Maintain Overweight ; Reduce TP to 1900 from 2350

  Tata Elxsi - maintain Underweight ; Reduce TP to 4500 from 5400

• 09:39 | April 2, 2025

  Stock recommendations today: Goldman Sachs on Tata Consumer Products

  Upgrade to Buy; Raise TP to Rs.1200 from Rs.1040 

  Poised for a return to strong EPS growth over FY25-27 

  Expect recovery of tea margins with price hikes 

  Strong innovation and distribution expansion on growth businesses 

  Lower net interest cost as acquisition debt is paid down 

  While competitive intensity remains a concern, believe the worst is likely behind 

• 09:38 | April 2, 2025

  Stock market live today: Piramal Pharma starts commercial production of Sevoflurane in Telangana; stock remains flat

  Piramal Pharma commenced commercial production of Sevoflurane at the Company’s facility located at Digwal, Telangana, India. 

  Stock traded flat on the NSE at ₹226.21

• 09:37 | April 2, 2025

  Share market live today: Shree Cement faces ₹2,652 crore disallowance in draft tax assessment; stock remains flat

  Shree Cement has received draft Assessment Order u/s 144C (1) of the Income Tax Act, 1961 on 31st March, 2025 from the Income Tax Authority, wherein disallowance and additions of Rs 2652 crore are proposed to returned income as filed in income tax return.

  Stock traded flat on the NSE at ₹30,234.15

• 09:37 | April 2, 2025

  Stock market live today: Paisabazaar faces tax assessment with ₹85.60 crore expenses disallowed; PB Fintech shares rise

  Paisabazaar Marketing and Consulting Pvt Ltd, a wholly owned subsidiary of PB Fintech Limited has received an assessment order under Income Tax Act. AO has disallowed expenses of ₹85.60 crore under section 37 of the Act.

  Further, AO has also issued a demand notice under section 156 of the Income-Tax Act, 1961 inadvertently raising a demand of ₹9.32 crore.

  PB Fintech gained 2.39% on the NSE to trade at ₹1,550.75

• 09:36 | April 2, 2025

  Stock market live today: Lemon Tree Hotels launches new hotel in Pune and rebrands another property

  Lemon Tree Hotels announced the opening of Lemon Tree Hotel, Pune, Maharashtra. 

  In addition, Keys Select by Lemon Tree Hotels, Pimpri, Pune, a property owned by Berggruen Hotels Private Limited, a subsidiary of Lemon Tree Hotels Limited, has been rebranded as “Keys Prima by Lemon Tree Hotels, Pimpri, Pune.

  Shares traded flat on the NSE at ₹137.49

• 09:36 | April 2, 2025

  Commodities market live today: Crude oil futures hold steady as market awaits US tariff decision

  

  Crude oil trades flat as market awaits US reciprocal tariff implementation 

  Crude oil futures remain steady as market anticipates US reciprocal tariffs, impacting global economies and commodity demand.

• 09:25 | April 2, 2025

  Currency market live today: Rupee falls 23 paise to 85.73 against US dollar in early trade

• 09:23 | April 2, 2025

  Stock market live today: Bodal Chemicals initiates anti-dumping investigation on beta naphthol imports from China

  BODAL CHEMICALS: INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF “BETA NAPHTHOL” ORIGINATING IN OR EXPORTED FROM CHINA PR - NOTIFICATION (SUPPORTIVE FOR STOCK PRICES)

• 09:22 | April 2, 2025

  Stock market live today: Global bits

  USA: Trump’s new tariff plans spark global trade concerns; stocks and manufacturing face pressure; job openings decline, complicating Fed decisions.

  India: Rupee may react to US tariffs; bond yields seen lower; GST collection up 10% YoY; steel imports rise 16%.

  China: Banks hike consumer loan rates amid rising bad debts; home resale prices drop faster; factory activity speeds up on export boost.

  South Korea: March inflation at 2.1% YoY; exports rise but tariff risks loom; factory activity shrinks despite export orders jumping.

  Japan: Business sentiment hits 1-year low over Trump tariffs; factory downturn accelerates.

  Eurozone: Inflation declines, boosting rate cut bets; factory activity shows mixed recovery—Germany, France improve, Italy, Spain struggle.

  UK: Factories hit by trade woes; grocery inflation inches up.

  Russia: Factory activity plunges to a 3-year low; pipeline gas exports to Europe down 19% MoM.

  Canada: Factory PMI at 15-month low due to trade war escalation.

  Mexico: Cuts 2025 growth forecast to 1.5%-2.3%.

  Venezuela: Oil exports fall 11.5% amid US tariffs and sanctions.

  Australia: PM Albanese vows to defend national interests on tariffs.

  Argentina: Begins gas exports to Brazil via Bolivia.

  Greece: Manufacturing sees strongest growth in nearly a year.

  Czech Republic: Manufacturing downturn slows.

  Spain: Manufacturing contracts again.

  Italy: Manufacturing downturn deepens.

  Germany: Manufacturing shows early signs of recovery.

  France: Factory downturn eases.

  Global Markets: Gold climbs on safe-haven demand; oil prices steady ahead of tariffs; copper market wary of tariff impact.

  Source: Reuters

• 09:19 | April 2, 2025

  Stock market live today: Opening Bell: Sensex, Nifty open flat as investors await US policy announcements

  

  Markets edge higher amid tariff anxiety; Tata Consumer leads gainers

  Benchmark indices edge higher cautiously ahead of Trump's tariff announcement, with market sentiment tentative and investors on edge.

• 09:10 | April 2, 2025

  Share market live news: Adani Ports reports 9% YoY cargo volume growth in March 2025, with Mundra port crossing record milestone

  Adani Ports and Special Economic Zone Ltd handled cargo volume of 41.5 MMT (+9% YoY) in March 2025, led by containers (+19% YoY) and liquids and gas (+5% YoY). 

  Mundra port handled 200.7 MMT cargo volume during FY25 and became the first Indian port ever to cross the 200 MMT cargo milestone in a single year. Vizhinjam port crossed 100,000 TEUs milestone during the month.

• 08:44 | April 2, 2025

  Stock market live today: RISE Worldwide and BLAST Esports announce JV for Indian Esports

  RISE Worldwide a wholly-owned subsidiary of Reliance Industries and BLAST Esports (“BLAST”), a wholly-owned subsidiary of BLAST ApS, today announced an agreement to form a joint venture to conduct esports business in India.

  The strategic partnership will help to accelerate esports growth in the country by bringing BLAST’s globally recognised esports properties and production techniques to India while co-creating new tournament IPs tailored to the fast-growing gaming market. The strategic partnership will form a new JV entity and it will bring together BLAST’s esports media production expertise, publisher relationships, wide suite of highly popular IPs, and Jio’s technology expertise, unparalleled distribution reach, and local relationships to host these events on the JioGames platform for sustainable growth and innovation in the industry.

• 08:44 | April 2, 2025

  Share market live today: US Treasury yields decline amid weak data and caution over Trump tariff announcement

  Treasury yields were mostly lower with weak US data prints as seen in a contraction in both ISM manufacturing PMI as well as job openings (JOLTS data). Risk conditions were weak on caution ahead of Trump Tariff plan set to be announced today, though some reversal was seen in late trade. 

  India rates were lower on Friday on year end demand along with improvement in liquidity conditions. As on 30th March, conditions are now in surplus of INR 893 billion given heavy month end GOI spending (seasonal). The RBI announced OMO purchases of INR 800bn over the month of April - likely to counter the impact of FX forward shorts maturing this month. 

  US ADP payrolls are watched today (a precursor reading ahead of US BLS non-farm payrolls on Friday).

• 08:08 | April 2, 2025

  Stock market live today: Fund Houses Recommendations 

  GS on Tata Consumer: Upgrade to Buy on Company, raise target price at Rs 1200/Sh (Positive)

  GS on Trent: Maintain Buy on Company, target price at Rs 8120/Sh (Positive)

  JP Morgan on Hindalco: Maintain Overweight on Company, target price at Rs 670/Sh (Positive)

  Citi on Hindalco: Maintain Buy on Company, target price at Rs 725/Sh (Positive)

  Macquarie on India Strategy: Buy Ideas 6 Stars: TCS, HDFC Bank, Sun Pharma, M&M, Trent, PFC (Positive)

  Macquarie on India Strategy: Buy Ideas 6 Hitters (Tactical): Reliance, NTPC, Wipro, Tata Motors, BEL, Shriram Fin (Positive)

  Macquarie on India Strategy: Buy Ideas 6 Rising Stars: IRCTC, Uno Minda, AB Capital, Devyani, Delhivery, Lemontree (Positive)

  Bernstein on Solar sector: Still initiate at underperform considering where are in cycle, expectation of deterioration in returns & their rich valuations (Neutral)

  Nuvama on Star Health: Upgrade to Buy on Company, cut target price at Rs 440/Sh (Neutral)

  MS on MCX: Maintain Underweight on Company, target price at 3400/Sh (Neutral)

• 08:07 | April 2, 2025

  Stock market live updates: Securities in F&O Ban For Trade Date 02-April-2025

  N.A.

• 07:50 | April 2, 2025

  Listen: Milking success: How India’s dairy sector is adapting to change

  

  Milking success: How India’s dairy sector is adapting to change 

  Explore the challenges and potential of India's dairy sector with Heritage Foods CEO Srideep N Kesavan on the State of the Economy podcast.

• 07:39 | April 2, 2025

  Financial markets live today: RBI to conduct 4 open market operation purchase auctions of G-Secs of ₹20,000 cr each in April

  

  RBI to conduct 4 open market operation purchase auctions of G-Secs of ₹20,000 cr each in April

  RBI to conduct Rs 80,000 crore OMO purchase auctions due to liquidity surplus, with expectations of deficit soon.

• 07:32 | April 2, 2025

  Share market live today: Stocks in News

  Ganesh Benzoplast: Company has been awarded an order from JSW Jaigarh Port Ltd. The order is valued at Rs 169.24 crore (Positive)

  Lloyds Metals: Company reported its highest-ever sponge iron production of 308kt, up 18% YoY. (Positive)

  Kernex: Company secured a new railway project worth ₹85.14 crores for the provision of Kavach. (Positive)

  Surya Roshni: Company announced its highest monthly sales volume of 1,00,239 M.T. in March 2025 for Steel Pipes & Strips. (Positive)

  Ritco Logistics: Company secured contracts in transportation, warehousing, and multimodal sectors. Key wins include Rs 10 cr from Tata Steel, Rs 20 cr from IOCL and Rs 4 cr from Emami Ltd (Positive)

  Sansera Engineering: MMRFIC, Associate Company of Sansera Engineering Limited Collaborates With IITM for the Development of Secure SOC IP. (Positive)

  Glenmark Pharma: USA subsidiary launched Vancomycin Hydrochloride for Injection USP, 750 Mg/Vial, 1.25 G/Vial And 1.5 G/Vial (Single-Dose Vial). (Positive)

  Shree Cements: Company has started commercial production at its 3.0 MTPA Clinker Grinding Unit in Uttar Pradesh on April 1, 2025. (Positive)

  Swelect Energy: Company announced the addition of a 300 KW Solar PV Power Plant with a 200 kWh Battery Energy Storage System. (Positive)

  Maruti: Total passenger vehicle production reached 191,180 units, up from 163,333 units in March 2024 (Positive)

  Zaggle: Company has entered into an agreement with Truecaller International LLP. (Positive)

  Coal India: Company to increase coal price to Rs 20/ tn by Rs 10/ tn effective April 16. (Positive)

  Warren Tea: Board discussed potential merger, amalgamation, or restructuring on April 01, 2025. (Positive)

  Blue Dart: Income tax department revised orders with reduce demand of Rs 2.9 cr versus Rs 17.01 crore (Positive)

  VIP Clothing: Company announced an upgrade to its long-term debt rating by India Ratings and Research (Positive)

  Sterling and Wilson: Company secures three new green energy projects totaling Rs 1,470 crore. (Positive)

  Quess Corp: Company announced the record date for the demerger. Shareholders will receive shares of Resulting Company 1 and Resulting Company 2 (Positive)

  Hind Copper: March 2025 saw record ore production of 3,00,363 tonnes (133% of monthly target). (Positive)

  SJVN: Arm SJVN Green Energy completes trial run of 241.77 MW (Phase-I) capacity of 1,000 MW Bikaner Solar Power Project (Positive)

  Max Healthcare: Expands with New ₹500 Cr Facility for Gurugram Super Speciality Hospital (Positive) 

  JSW Energy: Company has achieved a significant milestone by adding 3.6 GW of generation capacity during FY2025. (Positive) 

  Raymond: Company enters into a joint development agreement to develop a housing project in Mumbai (Positive) 

  MOIL: Company increased ferro grade manganese ore price by 3% for April: Agencies (Positive) 

  Syngene: Company appoints Peter Bains as Managing Director & Chief Executive Officer of the company w.e.f. April 1, 2025 (Positive) 

  KEC International: Company has received new orders of ₹1236 crore across various businesses. (Positive)

  Sandhar Tech: Company acquires the Aluminium die casting business of Sundaram-Clayton for INR 163 Crores. (Positive)

  Power Grid: Company emerges as successful bidder to establish inter-state transmission system in Madhya Pradesh. (Positive)

  Power stocks: India’s electricity consumption surges by nearly 7% to 148.48 billion units in March. (Positive)

  Hindalco: Company has laid out a multi-pronged growth strategy with a sharp focus on sustainability, recycling, and capital investment. (Neutral)

  Jana Small Finance Bank: Sudhir Madhavan has resigned as the Head of Microfinance & Gold Loan Business (RFS) at Jana SFB (Neutral)

  Biocon: Company to consider fund raising via issuance of commercial papers on April 4, 2025, on private placement basis. (Neutral)

  Tata Steel: Company acquires 1.24 lakh shares of Indian Foundation for Quality Management (IFQM) for ₹12.49 crore (Neutral)

  Godavari Power: Company temporarily suspends mining activities at company’s Boria Tibu iron ore mines w.e.f. April 1. (Neutral)

  Coal India: Company misses FY25 production guidance as March output falls; Offtake flat. (Neutral)

  Tata Motors: March total sales at 92,994 Units vs Estimates of 91,000 units (Neutral)

  Hyundai: March Total Sales 67320 Units Vs Estimates of 63400 Units. (Neutral)

  MSTC: Ex-Date today, Interim Dividend - Rs 4.5 per Share. (Neutral)

  Railtel: Ex-Date today, Interim Dividend - Rs 1.0 per Share. (Neutral)

  Colab: Board meeting today to consider stock split. (Neutral)

  Supercorp: Board meeting today to consider right issue of shares. (Neutral)

  Siemens: Siemens Energy India appoints Sunil Mathur as Chairman. (Neutral)

  NTPC: Company reports around 4% rise in its power generation to 438.6 billion units in financial year ended March 31. (Neutral)

  RBAL: The long-term credit rating for term loans of Rs. 200 crore was reaffirmed at [ICRA]A- (Stable). (Neutral)

  Punjab & Sind Bank: Announced the appointment of Sh. Sanjay Prakash Srivastava and Sh. Satbir Singh as General Managers. (Neutral)

  Easy Trip Planners Ltd: Promoter Nishant Pitti created a pledge on 80,129,158 equity shares. (Neutral)

  NHPC: Company announced that survey and investigation works for the Kuppa Pumped Storage Project (750 MW) in Gujarat were halted. (Neutral)

  Sky Gold: Company acquired land (10,500 sq meters) to build a 5,40,000 sq ft facility in Navi-Mumbai. This will boost production capacity by 4.5 tons KG/month, starting by 2027. (Neutral)

  Pidilite: Names Sudhanshu Vats as Managing Director of the Co w.e.f. April 10. (Neutral)

  Defense stocks: Defence exports surge to a record high of₹ 23,622 crore in Financial Year 2024-25, a growth of 12.04% over 2023-24 (Neutral)

  Indian Bank: Company appoints Venkatachalam Anand as Chief Vigilance Officer (CVO) of the bank w.e.f. April 1, 2025. (Neutral)

  ICICI Bank: Bank approves sale of 19% ICICI merchant services stake (Neutral)

  Niva Bupa: Company received a demand notice on Mar 31, 2025, from the Assistant Commissioner of Income Tax, Mumbai, for Rs 301.2 million (Neutral)

  Fortis Malar: Company announced receipt of an Income Tax demand order for Rs 1.50 Cr for Assessment Year 2018-19. (Neutral)

  Ortin Global: Company announced the appointment of Mrs. Madhu Mala Solanki as Company Secretary and Compliance Officer, effective April 1, 2025. (Neutral)

  Star Health: Care Ratings Limited has reaffirmed the AA+ Stable rating for the company and AA Stable for its subordinate debt. (Neutral)

  Polycab India: Company received an assessment order from the Deputy Commissioner of Income-Tax, Mumbai for an income-tax demand of Rs 8.53 Cr due to disallowances and additions. (Neutral)

  Mega Flex Plastics Ltd: Company announced the successful completion & operationalization of a 400 KW solar power unit at its Howrah factory. (Neutral)

  Panyam Cements: Company announced the resignation of Mr. P. Ganesh Pathrudu as Company Secretary and Compliance Officer (Neutral)

  Tara Chand Infra: Company announced the appointment of Ms. Shefali Singhal as Company Secretary & Compliance Officer, effective April 2, 2025 (Neutral)

  Kirloskar Brothers: Company announced the appointment of Mr. Bhavesh Chheda as Vice President & Head-Corporate Finance & Accounts, effective Apr 01, 2025 (Neutral)

  Shriram Finance: Company received approval from the Reserve Bank of India (RBI) on April 1, 2025, for the acquisition of a 100% equity stake in Shriram Overseas Investments Private Limited. (Neutral)

  MSTC: CARE Ratings has reaffirmed the credit ratings for the company’s bank facilities (Neutral)

  Jet Freight: Company received a warning letter from the NSE, related to the delayed submission of the resignation letter of a senior management (Neutral)

  NMDC: Iron ore production down 27% at 3.55 mt vs 4.86 mt, Iron ore sales up 6.3% at 4.21 mt vs 3.96 mt (YoY). (Negative)

  Dabur: Company faces ₹110.33 crore income tax demand, plans appeal (Negative)

  Godrej Agrovet: Company received an order from the Income Tax Dept. demanding ₹24 Cr on March 31, 2025 (Negative)

  Swiggy: Company has received an income tax order demanding ₹158.25 crore for the assessment year 2021-22 (Negative)

• 07:26 | April 2, 2025

  Stock market live today: Markets await Trump’s Liberation Day policy announcements

  

  Markets await Trump’s Liberation Day policy announcements

  Domestic markets await Trump's proposals, Axis Securities favors domestic-facing sectors, signals marginal loss for Indian stocks.

• 07:17 | April 2, 2025

  IPO updates: Mumbai-based Third-Party Logistics Provider Om Freight Forwarders Limited files DRHP for IPO

  Mumbai-based Om Freight Forwarders Limited, a 3PL (Third Party Logistics Provider) provider, has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO).

  The IPO, with a face value of ₹10 each, combines fresh issuance of Rs 25 crore with an offer for sale of up to 7,250,000 equity shares by the Promoter Selling Shareholder.

  The offer for sale consists of up to 3,987,500 equity shares by Rahul Jagannath Joshi, 2,537,500 equity shares by Harmesh Rahul Joshi and 725,000 equity shares by Kamesh Rahul Joshi.

  The offer is being made through the book-building process, wherein not less than 50% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not more than 15% of the offer shall be available for allocation to non-institutional bidders, and not less than 35% of the offer shall be available for allocation to retail individual bidders. The offer includes reservations for subscriptions by eligible employees

  The proceeds from its fresh issuance to the extent of Rs 16.64 crore for Funding of the capital expenditure requirements of the company related to the acquisition of commercial vehicle and heavy equipment and General corporate purposes.

• 07:17 | April 2, 2025

  Share market live today: Economic Calendar – 02.04.2025

  10.30 INDIA Manufacturing PMI Final (Expected: 57.6 versus Previous: 56.3)

  17.45 U.S. ADP Non- Farm Employment Change (Expected: 118K versus Previous: 77K)

  00:30 U.S. President Speaks on Trade

• 07:16 | April 2, 2025

  US tariffs updates: White House announces reciprocal tariffs and car tariffs effective April 3

  WHITE HOUSE:

  RECIPROCAL TARIFFS GO INTO EFFECT ON APRIL 3. CAR TARIFFS GO INTO EFFECT APRIL 3.

  TRUMP HAS MADE UP MIND ON TARIFFS.

  PRESIDENT IS WITH TRADE AND TARIFF TEAM NOW.

  THE MARKET IS A SNAPSHOT IN TIME.

• 07:14 | April 2, 2025

  Share market live today: March 2025 GST Collections

  Mar 2025: ₹1,96,141 Cr

  Mar 2024: ₹1,78,484 Cr

  Y-o-Y ↑9.9%

  Top 5 States GST Collection

  Maharashtra - ₹31,534 Cr (↑14%)

  Karnataka - ₹13,497 Cr (↑4%)

  Gujarat - ₹12,095 Cr (↑6%)

  Tamil Nadu - ₹11,795 Cr (↑7%)

  Haryana - ₹10,648 Cr (↑12%)

• 07:13 | April 2, 2025

  Share market live today: Stocks that will see action today: 2 April 2025

  

  Stock that will see action today: 2 April 2025

  Buzzing Stocks Today, Stocks that will see action today: 2 April 2025 - Swiggy, BEL, Coal India, 360One, JSW Energy, KEC International, Dabur India, NMDC, Pidilite

• 07:08 | April 2, 2025

  Stock recommendations: Zaggle Prepaid (Buy)

  

  Broker’s call: Zaggle Prepaid (Buy)

  Zaggle offers fintech solutions with diversified revenue streams, strategic alliances, and aggressive expansion plans, presenting a strong investment opportunity.

• 07:08 | April 2, 2025

  Stock recommendations: Paytm (Buy)

  

  Broker’s call: Paytm (Buy)

  Anticipating regulatory triggers for Paytm, potential for sharp upside risks with a target of ₹1,010.

• 07:07 | April 2, 2025

  Gold outlook: Gold may top $3,300/ounce by year-end as it hits fresh high

  

  Gold may top $3,300/ounce by year-end as it hits fresh high

  Gold prices surge due to trade tensions, with predictions of reaching $3,300-$4,500, driven by economic uncertainty and policy risks.

• 07:05 | April 2, 2025

  WATCH: Nickel prices surge: China’s influence and Indonesia’s path
• 07:03 | April 2, 2025

  Stock market live today: UPI transaction value hits record high of ₹24.77 lakh crore in March: NPCI

  

  UPI transaction value hits records ₹24.77 lakh cr in March: NPCI

  India’s home-grown payments technology Unified Payments Interface (UPI) set a new record in March, registering a total of 18.30 billion transactions amounting to Rs 24.77 lakh crore.

• 07:02 | April 2, 2025

  IPO Updates: India Inc revives IPO plans to raise ₹4,345 crore

  

  India Inc revives IPO plans to raise ₹4,345 crore

  India Inc prepares for IPOs amid market volatility, with Runwal Enterprises, Jain Resource Recycling, Anand Rathi, and EDS Software leading the way.

• 07:01 | April 2, 2025

  Share market live today: ICRA Ratings Upgrades Muthoottu Mini Financiers to ‘A Stable’

  Sustained Growth, Profitability, and Asset Quality Drive Rating Upgrade

  National, 01 April 2025: Muthoottu Mini Financiers Ltd., one of India’s leading NBFCs popularly known as Muthoottu Yellow, today announced that ICRA Ratings has assigned a credit rating of [ICRA] ‘A Stable’ for its Long term borrowings. The company’s long term facilities were earlier rated as CARE A-; Stable and IND A-/ Stable respectively by CARE Ratings Limited and India Ratings and Research Private Limited. The upgrade in rating from a forefront credit rating agency like ICRA Ratings Limited reflects MMFL’s consistent financial performance, robust asset quality, and scalable operations across India.

  During the first nine months of the financial year, from April-December 2024, the company reported strong financial growth, with PBT rising by 20.50% to ₹103.84 crore from ₹86.18 crore in the same period last year. Profit After Tax (PAT) during the same period also saw a significant increase of 24.35%, reaching ₹74.66 crore compared to ₹60.04 crore in the previous year. Additionally, the company maintained a robust asset quality, with Net NPA at a low level of 0.77% during the period, highlighting its robust risk management framework.

• 07:01 | April 2, 2025

  Bullion cues: Sovereign Gold Bonds equivalent to 130 tonnes of gold outstanding; no indication of fresh tranche

  

  SGBs equivalent to 130 tonnes of gold to be redeemed from this fiscal

  Finance Ministry to redeem 130 tonnes of Sovereign Gold Bonds, indicating no more tranches expected

• 06:59 | April 2, 2025

  Stock market updates: Coal India posts flat production growth at 781.1 mt for FY25, misses output target

  

  Coal India posts flat production growth at 781.1 mt for FY25, misses output target

  Coal India's production growth remains flat in FY25, missing targets due to various delays and challenges.

• 06:58 | April 2, 2025

  Sectoral watch: Defence exports clock record high of ₹23,622 crore in FY25

  

  Defence exports clock record high of ₹23,622 crore in FY25

  Indian defence exports hit record high of ₹23,622 crore in FY25, with significant contributions from private sector and DPSUs.

• 06:56 | April 2, 2025

  Sectoral watch: Real estate players fear demand hit from rise in ready reckoner rates in Maharashtra

  

  Real estate players fear demand hit from rise in ready reckoner rates in Maharashtra

  Maharashtra government raises ready reckoner rates in Mumbai, impacting real estate sector and housing affordability concerns.

• 06:55 | April 2, 2025

  Stock market live today: GST collections soar to ₹1.96 lakh cr in March, the second highest-ever to date

  

  GST collections soar to ₹1.96 lakh cr in March, the second highest-ever to date

  Fiscal year 2024-25 ends with GST collections reaching ₹1.96 lakh crore in March, showing 10% growth from previous year.

• 06:53 | April 2, 2025

  Economy watch: GST collections for March 2025 show strong 10% year-on-year growth, highlighting increased domestic consumption and export support

  GST collection numbers for March 2025 by Karthik Mani, Partner, Indirect Tax, BDO India:

  The year-on-year growth of 10% in gross domestic GST collections for FY25 against growth of 7.7% on gross GST collections on imports on year-on-year basis signifies increase in domestic consumption and reduced import dependence. The significant increase in refund of exports through ICEGATE of 25.7% on year-on-year basis, with the March, 2025 itself showing increase of 301.9%, highlights the focus of the Government to support exporters and stabilising systems of refund for exporters. The growth rate in gross domestic collections has largely been driven by the traditionally large revenue generating States such as Maharashtra, Gujarat, Haryana etc showing above average revenue growth, compensating for somewhat lower growth rate in some of the smaller and medium States.

• 06:51 | April 2, 2025

  lPO updates: Retail investor craze for SME IPOs fades

  

  Retail investor craze for SME IPOs fades

  SME IPOs attract investors with strong subscriptions and listing gains, but interest wanes as sell-offs increase and market trends shift.

• 06:49 | April 2, 2025

  WATCH: Today’s Stock Recommendation: April 2, 2025
• 06:48 | April 2, 2025

  Share market live today: Quess Corp sets April 15 as record date for demerger; shareholders to receive shares in two new companies

  QUESS CORP: Co. has fixed April 15, 2025, as the Record Date for its demerger under the Composite Scheme of Arrangement. 

  Shareholders of Quess Corp will receive 1 equity share each of Digitide Solutions Limited (Resulting Company 1) and Blueprinting Enterprises Limited (Resulting Company 2) for every 1 share held in Quess Corp. 

  The new shares will be listed on NSE and BSE, pending regulatory approvals.

• 06:47 | April 2, 2025

  Stock market live today: U.S. ISM Manufacturing PMI

  US MARCH ISM MANUFACTURING INDEX AT 49 VS 50.3; EST. 49.5

  US MARCH ISM MANUFACTURING PRICE INDEX AT 69.4 VS 62.4; EST. 65.0

  US MARCH ISM MANUFACTURING EMPLOYMENT AT 44.7 VS 47.6

  US MARCH ISM MANUFACTURING NEW ORDERS AT 45.2 VS 48.6

• 06:45 | April 2, 2025

  Stock market live today: FII vs DII Analysis (1st April 2025)

  DII:

  Buy: ₹12,699.83 Cr 

  Sell: ₹8,377.25 Cr

  Net Buy: ₹4,322.58 Cr

  FII/FPI:

  Buy: ₹10,480.20 Cr | 

  Sell: ₹16,381.83 Cr

  Net Sell: ₹5,901.63 Cr

  Overall Net outflow of ₹1,579.05 Cr

• 06:45 | April 2, 2025

  Stock market live today: Q4FY25 Earnings Calendar: April-2025 

  10.04.2025 TCS: (Quarterly Result) 

  15.04.2025 ICICI GI: (Quarterly Result and Dividend)

  15.04.2025 ICICI PRU: (Quarterly Result)

  16.04.2025 ANGELONE: (Quarterly Result)

  17.04.2025 HDFCAMC: (Quarterly Result and Dividend)

  17.04.2025 INFY: (Quarterly Result and Dividend)

  19.04.2025 HDFCBANK: (Quarterly Result and Dividend)

  19.04.2025 ICICIBANK: (Quarterly Result and Dividend)

  22.04.2025 HCLTECH: (Quarterly Result and Dividend)

  22.04.2025 M&MFIN: (Quarterly Result)

  24.04.2025 HINDUNILVR: (Quarterly Result and Dividend)

  24.04.2025 LTTS: (Quarterly Result)

  24.04.2025 MPHASIS: (Quarterly Result and Dividend)

  24.04.2025 NESTLEIND: (Quarterly Result)

  25.04.2025 POONAWALLA: (Quarterly Result)

  25.04.2025 IDFCFIRSTB: (Quarterly Result)

  25.04.2025 ATUL LTD: (Quarterly Result)

  26.04.2025 INDIACEM: (Quarterly Result)

  28.04.2025 KPITTECH: (Quarterly Result)

  28.04.2025 NAM-INDIA: (Quarterly Result and Dividend)

  28.04.2025 ULTRACEMCO: (Quarterly Result and Dividend)

• 06:39 | April 2, 2025

  Stock to buy today: HDFC Life Insurance Company (₹693.10) – BUY

  

  Stock to Buy Today: 2 April 2025 - HDFC Life Insurance Company (₹693.10)

  Stock to buy today, 2 April 2025: HDFC Life Insurance Company The short-term outlook is bullish for HDFC Life Insurance Company. The price action since November last year indicates a rounding bottom pattern formation on the chart. This is a bullish pattern.

• 06:39 | April 2, 2025

  Commodities technicals: Aluminium: Bearish. Go short now and on a rise

  

  Aluminium: Bearish. Go short now and on a rise

  Aluminium prices on MCX fall sharply, outlook bearish with key resistance at ₹251-253, support at ₹246, short positions advised.

• 06:38 | April 2, 2025

  Stock recommendations: Embassy Office Parks REIT: Raking in the rentals

  

  Embassy Office Parks REIT: Raking in the Rentals

  Embassy Office Parks REIT offers strong dividend yield, capital appreciation potential and steady rental growth in commercial leasing space

• 06:36 | April 2, 2025

  Stock market live today: Trading Guide for 2 April 2025: Intraday supports, resistances for Nifty50 stocks

  

  Day Trading Guide for 2 April, 2025: Intraday supports, resistances for Nifty50 stocks

  Day trading guide & stocks, 2 April 2025: Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI

Published on April 2, 2025