Get App
POST MARKET REPORT
The Indian market ended lower on April 3. Sensex, Nifty recouped most of their losses amid the exemption of pharmaceutical products from new US reciprocal tariffs and India’s relatively lower tariff burden.
At close, the Sensex was down 322.08 points or 0.42 percent at 76,295.36, and the Nifty was down 82.25 points or 0.35 percent at 23,250.10.
TCS, Tech Mahindra, Infosys, HCL Technologies, and ONGC were among the major losers on the Nifty, while gainers included Power Grid Corp, Sun Pharma, UltraTech Cement, Cipla, and Shriram Finance.
The recent imposition of a 26% reciprocal tariff by the US on Indian imports has triggered sharp market reactions in the Indian stock market. Key sectors such as automobiles, IT services, and engineering goods are expected to bear the brunt, as they are heavily reliant on exports to the US. In India, the IT sector was particularly affected, with the Nifty IT index plummeting nearly 4.21% due to the tariff implications on technology exports.
Broader indices performed better than the main indices, with the BSE Midcap index rising 0.3 percent and the smallcap index adding 0.7 percent. On the sectoral front IT index shed 4 percent, the auto index slipped 1 percent, while the pharma index added 2 percent, the PSU bank index rose 1.9 percent, power index jumped 1.8 percent.
STOCKS TODAY
Bharat Electronics
The share price of the company has increased marginally on April 3. This is due to the company signing a contract worth RS 593.22 crore with Indian Air Force for providing maintenance services for the Akash Missile System. The company has also wrapped up the negotiations with the customers for acquisition of orders worth Rs 5000 crore.
IDFC First Bank
The shares have surged nearly 6 percent to Rs 60.40 per share. Notably, this is the highest level for the stock in over one month. The bank’s loans and advances grew over 20 percent year-on-year to Rs 2.42 lakh crore, while customer deposits surged more than 25 percent year-on-year to Rs 2.43 lakh crore.
Poonawalla Fincorp
The company’s shares hiked over 4 percent to trade at Rs 362.35 per share. This is the highest price for the stock so far in 2025. The company announced that its Asset Under Management (AUM) increased over 42 percent year to year to Rs 35,550 crore as on 31st March 2025.
Sonata Software
Shares of Sonata Software have declined by 2.63 percent. The shares touched a 52-week low of Rs 342.25 per share. This downturn reflects bearish investor sentiment towards the stock.
Avanti Feeds
There was around a 15 percent decline in shares to Rs754.95 per share for the company. As of the December quarter, the company received around 69 percent of its entire revenue from the North American market. However, it has currently tumbled after US President Donald Trump announced 27 percent reciprocal tariffs.
Kirloskar Oil Engines
The company bagged an order worth Rs 270 crore from the Defense Ministry. The share prices of the company increased 1.37 percent to Rs 739.20 per share. The company will design and develop inhouse, medium-speed engines, scalable from 3 megawatt to 10 megawatt, and the developed engines will be used for Main Propulsion and Power Generation on ships of the Indian Navy and Indian Coast Guard.
Source – Money Control
Disclaimer: Investments in the Securities market and Mutual Funds are subject to market risks, read all the related documents carefully before investing | The securities are quoted as an example and not as a recommendation | Brokerage will not exceed the SEBI-prescribed limit | Margins will be collected as per the exchange norms.