Sensex and Nifty Closing Updates, 2 April, 2025: Sensex up by 593 points, Nifty by 166.6 points

The Nifty 50 ended at 23,332.35, up by 166.65 points (0.71%). The Sensex also rose sharply, ending 593 points (0.77%) up to 76,617.44. 

Market Bringing Forces

The positive market sentiment was initially driven by gains in FMCG, Consumer Durables and Real Estate. But uncertainty about the impact of President Trump’s planned tariff announcements added to anxiety about a possible broadening global trade war. 

Sectoral Performance

Among the sectoral indices, Nifty FMCG, Consumer Durables and Realty closed in green with gains in the range of 1.13% to 3.61%. Nifty FMCG stocks were also trading in green (1.13) later in the day.

Top Stock Movers

Tata Consumer Products, Zomato, Titan, HDFC Bank were the top Nifty 50 gainers, with shares of Tata Consumers climbing as much as 6.1%. On the other hand, Nestle India, BEL, Power Grid, Bajaj Finserv, and NTPC were quoted lower.

Specific stock movements:

• Shares of Tata Consumer Products closed 6% in the green after Goldman Sachs upgraded the company to a 'Buy', raising its target price to ₹1,200.
• Titan jumped 4%, while Zomato climbed 5%.
• Focus Lighting And Fixtures: Shares rose by 5% after it received an order worth ₹1.27 crore.
• Shares of GPT Infraprojects gained 6% after the company received an order worth ₹ 481 crore.
• BEL shares declined by 6% after it missed the target for orders during FY25.
• Shares of Waaree Energies and Premier Energies fell 4% after Bernstein began coverage with an 'underperform'' call, citing growth concerns.
• PSU Bank Stocks like Central Bank of India, Punjab & Sind Bank and IOB fell by as much as 12% after a latest fundraising round through QIP (Qualified Institutional Placement).

US Tariffs taking its toll and other Global Factors

“U.S. tariffs on Chinese goods are bad news for India, but Indian markets are more at risk from economic shocks in the United States than from direct tariffs”, market veteran Samir Arora warned. FIIs net sold ₹10,255 crore worth of Indian stocks in anticipation of the US tariff announcements. “There could be some short-term pain through tariff uncertainty; however medium term, India can see gains as firms would like to look for alternative supply chains,” said market expert Sunil Subramaniam. Escalating U.S. Treasury yields and a strong dollar are exerting pressure on the external capital in India. 

Other Market Updates

Gold opened above ₹91,000/10 g, and silver, at ₹99,934/kg. Earlier, gold spiked to an all-time high of ₹90,000 per 10 gm. Yesterday, the Reserve Bank of India (RBI) declared an open market operation (OMO) to inject ₹80,000 crore into the banking system. This decision, made just a week before the April meeting of the Monetary Policy Committee (MPC), aims to facilitate the smooth transmission of policy rate cuts, as per banking industry experts.

Current Market Status

As of 12:00 PM on April 2, 2025, the Indian stock markets are experiencing positive momentum:​

• BSE Sensex: Trading at approximately 76,430 points, up around 402 points (0.53%) from the previous close.​
  
  
• NSE Nifty 50: Hovering near 23,270 points, gaining about 96 points, 0.42%.

Top gainers

1. Tata Consumer Products Ltd (TATACONSUM) – FMCG Surge

• Opening Price: ₹1,018.00
  
  
• Closing Price (LTP): ₹1,067.50
  
  
• Percentage Change: +7.58%
  Tata Consumer was the top gainer, surging 7.58% as strong demand in the FMCG sector and expansion strategies boosted investor confidence.
  

2. Tech Mahindra (TECHM) – IT Sector Recovery

• Opening Price: ₹1,397.15
  
  
• Closing Price (LTP): ₹1,422.50
  
  
• Percentage Change: +1.96%
  Tech Mahindra gained nearly 2% as the IT sector saw renewed interest amid expectations of higher digital spending and global technology demand.
  

3. Maruti Suzuki (MARUTI) – Auto Sector Growth

• Opening Price: ₹11,481.10
  
  
• Closing Price (LTP): ₹11,694.10
  
  
• Percentage Change: +1.86%
  Maruti Suzuki gained 1.86% as the auto sector remained strong due to increased sales figures and optimism around the festive season demand.
  

4. IndusInd Bank (INDUSINDBK) – Banking Sector Optimism

• Opening Price: ₹6,682.70
  
  
• Closing Price (LTP): ₹6,798.00
  
  
• Percentage Change: +1.74%
  IndusInd Bank continued its upward trend, gaining 1.74% due to strong quarterly earnings and positive growth outlook in the banking sector.
  

5. Apollo Hospitals (APOLLOHOSP) – Healthcare Rally

• Opening Price: ₹6,632.30
  
  
• Closing Price (LTP): ₹6,730.00
  
  
• Percentage Change: +1.47%
  Apollo Hospitals saw gains as the healthcare sector benefited from rising investor interest in defensive stocks amid global uncertainties.
  

Tata Consumer led the rally, while IT, auto, and banking stocks also showed strength. Investors favored FMCG, healthcare, and financial stocks, signaling confidence in domestic consumption and economic stability.

Top losers

1. Bharat Electronics Ltd (BEL) – Defense Sector Decline

• Opening Price: ₹289.90
  
  
• Closing Price (LTP): ₹280.90
  
  
• Percentage Change: -3.80%
  BEL saw the biggest decline, dropping 3.80% as profit booking hit defense stocks after recent gains.
  

2. Nestlé India (NESTLEIND) – FMCG Weakness

• Opening Price: ₹2,230.00
  
  
• Closing Price (LTP): ₹2,195.10
  
  
• Percentage Change: -1.74%
  Nestlé India declined 1.74% as FMCG stocks faced pressure due to concerns over input cost inflation.
  

3. UltraTech Cement (ULTRACEMCO) – Cement Sector Dip

• Opening Price: ₹11,360.00
  
  
• Closing Price (LTP): ₹11,225.10
  
  
• Percentage Change: -1.35%
  UltraTech Cement fell 1.35%, possibly due to concerns over rising raw material costs impacting margins.
  

4. Jio Financial Services (JIOFIN) – Volatility in New Listing

• Opening Price: ₹230.99
  
  
• Closing Price (LTP): ₹227.15
  
  
• Percentage Change: -1.66%
  Jio Financial saw a drop amid continued volatility following its recent listing and market adjustments.
  

5. Dr. Reddy’s Laboratories (DRREDDY) – Healthcare Pressure

• Opening Price: ₹1,150.00
  
  
• Closing Price (LTP): ₹1,144.00
  
  
• Percentage Change: -1.21%
  Dr. Reddy’s declined as investors rotated out of defensive pharma stocks in favor of other sectors.
  

BEL led the decline, followed by FMCG and cement stocks. The market saw sectoral rotation, with profit booking in previously high-performing stocks.

Market Open

Indian equity indices started Wednesday’s trading session on an upward trajectory, influenced by gains in Asian and US markets. The NSE Nifty 50 kicked off 12.75 points (0.06%) higher at 23,192.60, while the BSE Sensex increased by 121.77 points (0.16%) to reach 76,146.28.

Factors Influencing Market Sentiment

• Trump Tariff: President Donald Trump is about to install one of his boldest trade moves yet, as new tariffs go into effect now. Known as “Liberation Day,” the initiative represents a significant shift in U.S. trade policy. While the details are still somewhat murky — even inside the administration — the White House on Tuesday made clear that the tariffs will take effect without delay.

Global Backdrop:

• US Dollar: The US Dollar Index (DXY), which measures the dollar against a basket of six important foreign currencies, was at 104.28 on Wednesday morning. This index measures the dollar's strength compared to a handful of its key currencies which include the British Pound, Euro, Swedish Krona, Japanese Yen, Swiss Franc, and others. On April 1, the rupee also closed at 85.47 to 1 US dollar.

• Gold Rate Today: Gold prices jumped to record high on MCX on April 1 on account of market jitters ahead of the U.S. tariffs in April 2018.

• Crude Oil: On Wednesday, April 2, crude oil prices were mixed. West Texas Intermediate (WTI) nudged up 0.02% to $71.21 per barrel, and while Brent crude fell the same amount to $74.48 per barrel.

Stocks in Focus:

• Maruti Suzuki: March 2025 total sales increased by 3% to 192,984 units but fell short of expectations.
• Tata Motors: Domestic sales in March 2025 remained flat at 90,500 units; passenger vehicles up 3% while commercial vehicle sales dropped 3%.
• TVS Motor Company: Achieved record FY25 annual sales of 4.74 million units (up 13%); March sales increased by 17%.
• Ola Electric: Recorded 23,430 units sold in March.
• Swiggy: Received an assessment order for additional taxes exceeding ₹158 crore for April 2021–March 2022, currently under review.
• Coal India: Approved a price hike of ₹10 per tonne for coking and non-coking coal (effective April 16), though production dipped 3.1% in March 2025.
• JSW Group: Plans to invest ₹60,000 crore in capacity expansion in FY26, with ₹15,000 crore dedicated to its electric vehicle business.
• JSW Energy: Exceeded its FY25 target by achieving an installed general capacity of 10.9 GW.
• NTPC Group: Reported a 4% increase in power generation, reaching 238.6 billion units in FY25.
• KEC International: Secured new orders worth ₹1,236 crore, including power contracts for the UAE, Kuwait, and India.
• BEL: Hi-Tech Pipes achieved record FY25 annual sales of 485,447 MT (a 24% YoY increase); received orders worth ₹18,715 crore, below the FY25 target but with revenue growth exceeding expectations.
• Hindalco Industries: Unveiled a vision for sustainable growth through recycling and a plan to quadruple its recycling capacity by FY30.
• Godrej Properties: Sold 275 homes, valued at over ₹2,000 crore, during the launch of its luxury project in Noida.
• Raymond: Entered a joint development agreement for a large-scale residential project in Mumbai, with a potential development value of ₹5,000 crore.
• L&T Technology Services: Signed a deal with a European automotive company to develop next-generation software platforms worth €50 million.
• BSNL: The government will form a committee to study the assets of MTNL and BSNL in Mumbai.
• Dabur India: Received a tax demand of ₹110.33 crore for FY18.

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