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Financial and Morning Market Updates-04 Apr 2025
Indian markets yesterday opened 130 points low and recovered and stayed stable around 23230-260 levels .
Shock of US Tariff absorbed and settled!!
Why market absorbed the news of 27% Tariff??
- India’s tariff on imports has been set at 27% which is significantly low when compared to rivals China, Vietnam, Taiwan and Thailand which has 34 to 46% tariff. India emerges cheapest market for US now.
- Pharma is not affected as no additional tariff imposed on same. Old Tariff of 10% remains.
- Gemstone and Jewellery Tariff will not affect Listed companies except Goldiam which has significant earning from US exports.
- US is India’s largest Textile buyer and India’s market may emerge stronger now as rivals such as Bangladesh has 37% tariff , Vietnam has 46% and China 52%.
- Same goes for electronic industry where India will benefit more due to high tariff on rivals countries including China. Apple will be hardest hit.Gone are days when people used to Buy cheap Apple phones from USA.
- It’s Auto companies which will take hit of this tariff especially Tata Motors, Sona BLW precision and Bharat Forge.
- Marine products are staring at ₹600 cr loss as they fear order cancellation due to high tariff.
Mutual Funds have taken some cautious approach in their last 6 sessions of trades. MF houses were as such sitting on cash ₹ 1.46 lakh crore in Feb has now sold another Rs 16000 crore .This is amidst Trump tariffs anticipation and global uncertainty.
Spicejet & Air India Express has received approval from Nepal’s Civil Aviation to operate regular flights to Kathmandu.
India’s housing market continued their upwards momentum in first Quarter of 2025, with property prices rising across all major cities especially in Premium and high rise developments. Bangalore remains on top with 16% growth. Ahmedabad recorded the slowest growth at 2%
Markets Today
It was good signs of Restricted market reaction to US Tariff, yesterday as markets recovered and closed at loss of just 72 pts.
Markets today are likely to open in negative at same level where it ended yesterday, somewhere at 23180-23200 levels.
Analyst believe that worst of US Tariff seems to be over as market is now looking up to new upcoming RBI monetary policy on April 9.
However a strong support is placed at 23100 on lower sides.
If it remains so..above 23100 levels..A strong upward moment can be seen in days ahead.
On upward side a break of resistance level at 23350 will push markets further up.
US markets took one of biggest blow to end market deep in red as Nasdaq was down by 6% and Dow Jones slipping 4%
Asian markets too are trading in Red
Keep an eye on Indian Markets… Post opening in Red … A recovery rally is expected later in day.. Unless heavy selling happens being last day of week today..
Some good action is expected in pharma stocks, HDFC Bank, Mazgaon Dock, Vedanta.
STOCK NEWS
Balaji Amines has commissioned 6 MW AC solar power plant fot captive consumption.
BHEL signed a contract with subsidiary of Adani Energy to develop 6000 MW high voltage current terminals to transmit Renewable energy from Rajasthan to Uttar Pradesh.
Bajaj Fin customer base grew by 36% and AUM rising by 26%
Reliance started its Compressed Bio Gas plant In Andhra Pradesh which is part of ₹ 65000 cr project to produce 40 lakh tonne of green CBG.
Ultratech Cement is all set to acquire white cement business of Wonder cement for Rs 235 cr.
HDFC Bank reports 7.7% yoy increase in period end advances as on 31 March 25.
UCO Bank reports 14% growth in total business and 20% increase in domestic advances for Q4 FY25
GMR airports raises 400 cr through Non convertible bonds
Yes Bank reports 8.2% yoy growth in loans and 6.8% yot growth in deposit for Q4.
ETERNAL, new name for Zomato will change wef 09 Apr.
Gold/Silver
Gold prices were stable and trading little low after five days of non stop gains.
Gold is trading at 93400 levels
Silver too fell to trade at 102900 levels.
Happy Investing!!
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