The stock market is poised for fluctuations following the announcement of new U.S. tariffs on Indian imports. While some sectors may benefit, others could experience challenges. Pharmaceutical stocks remain stable, the IT sector is under pressure, and export-driven industries are likely to see increased volatility. Additionally, corporate developments, investments, and regulatory updates across key industries will influence market movements on April 4.
Market Recap
Indian stock markets closed lower on April 3, 2025, following the U.S. announcement of fresh tariffs. The Sensex declined by 0.42%, settling at 76,295.36, while the Nifty 50 dropped 0.35% to 23,250.10.
Stocks to Watch on April 4, 2025
Vedanta
Vedanta reported record-high production in aluminium and zinc, along with strong growth in iron ore, steel, oil & gas, and power sales.
Mazagon Dock
The government plans to divest up to 4.83% of its stake in Mazagon Dock Shipbuilders Limited (MDL) through an Offer for Sale (OFS). The offering includes a base sale of 2.83% (1.14 crore shares) with an option to sell an additional 2% (80.67 lakh shares) through the green shoe provision.
Avenue Supermarts
Avenue Supermarts, the parent company of DMart, reported a 16.7% year-on-year increase in standalone revenue for Q4 FY25, reaching ₹14,462 crore. The company expanded its retail presence to 415 stores.
HDFC Bank
HDFC Bank reported a 5.4% increase in gross advances, reaching ₹26.43 lakh crore in Q4 FY25. Average deposits rose by 15.8% to ₹25.28 lakh crore, while period-end deposits increased by 14.1% to ₹27.14 lakh crore. CASA deposits saw a 5.7% rise to ₹8.29 lakh crore.
Bajaj Finance
Bajaj Finance’s customer base expanded to 101.82 million by March 2025, compared to 83.64 million a year ago. The company booked 10.7 million new loans in Q4, marking a 36% increase. Its assets under management grew by 26% year-on-year to ₹4.17 lakh crore.
Jio Financial
Jio Financial and BlackRock jointly invested ₹66.5 crore into their venture, Jio BlackRock Investment Advisers. Each partner subscribed to 6.65 crore shares at ₹10 per share, bringing the total capital invested to ₹84.5 crore.
UltraTech Cement
UltraTech Cement announced the acquisition of Wonder WallCare for up to ₹235 crore. The deal, expected to close in 90 days, is aimed at expanding the company’s presence in the wall care segment.
Nestlé India
Nestlé India has begun constructing its tenth factory in Khordha, Odisha. The facility, with an initial investment of ₹900 crore, will produce prepared dishes and cooking aids.
RBL Bank
RBL Bank reported 7% year-on-year and 4% quarter-on-quarter growth in total deposits, reaching ₹1.10 lakh crore. CASA deposits increased by 4% year-on-year and 8% quarter-on-quarter to ₹37,884 crore, although the CASA ratio declined slightly to 34.1% from 35.2% in the previous year.
Jupiter Wagons
Jupiter Wagons’ subsidiary JTRF has acquired land in Khordha, Odisha, for India’s first private-sector rail wheel and axle forging plant.
Paras Defence
Paras Defence has signed a memorandum of understanding with MicroCon Vision Ltd (Israel), a member of the Controp and Rafael Group. Under this agreement, Paras Defence will be the exclusive supplier of advanced drone camera technology in India.
Fortis Healthcare
Fortis Healthcare’s subsidiary, International Hospital Ltd (IHL), has received an income tax demand of ₹76.19 crore for FY19. The company is evaluating legal options and has assured investors that this development will not impact its financial standing.
Key Sectors to Watch
Investors will closely monitor the impact of U.S. tariffs on various sectors on April 4. Pharmaceutical stocks are expected to remain in focus after rallying on April 3, as they benefited from exemptions in the newly announced tariffs. Companies such as Dr. Reddy’s, Cipla, and Sun Pharma experienced strong gains in the previous session and may extend their upward movement.
The IT sector may continue to face pressure after a significant decline of over 4% on April 3, as concerns about a potential slowdown in U.S. technology spending weighed on stocks like Infosys, TCS, and Wipro. Textile, gems, and jewellery stocks could remain volatile due to higher U.S. tariffs affecting exports. Additionally, the auto sector will be monitored for potential reactions to trade policy changes.
In the previous session, the Nifty Pharma index rose by 5%, while the Nifty IT index recorded its steepest single-day loss in two years.
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