The stock market is currently facing significant fluctuations as tensions from a global trade war, fueled by actions from US President Donald Trump, continue to escalate. If you’re looking to navigate the trading landscape on April 9, 2025, here’s a roundup of notable stocks that are making waves. Staying informed about these developments could be crucial for your investment strategy.
Market Snapshot
On the previous trading day, the NSE Nifty 50 experienced a surge, closing up by 374 points, or 1.69%, at 22,536. Conversely, the BSE Sensex witnessed a decline, dropping 1,089 points, or 1.49%, to settle at 74,227.
Key Stocks to Monitor
Indian Oil Corporation
Indian Oil Corporation is setting its sights on a significant investment of over Rs 61,000 crore to establish a state-of-the-art petrochemical complex in Paradip, Odisha. This venture aims to cater to the surging demand for petrochemicals in the country. A memorandum of understanding (MoU) with the Government of Odisha was signed, confirming the commitment of Rs 61,077 crore for this project.
Vedanta
In a strategic shift, Vedanta is contemplating a reduction in its planned demerger structure from six units to four, following a corporate tribunal’s decision that halted the separation of its power business, Talwandi Sabo Power (TSPL). Sources have indicated this move aims to streamline operations and enhance corporate governance.
NBCC (India)
NBCC (India) recently entered a partnership with RailTel Corp., signing an MoU to collaborate on data-center projects both domestically and internationally over the next five years. NBCC will provide project management consultancy for the construction of data centers while RailTel will handle all IT-related infrastructure services, including planning and maintenance.
NTPC Green Energy
NTPC Green Energy has teamed up with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to form a joint venture named NTPC-MAHAPREIT Green Energy. This new entity will focus on developing and maintaining renewable energy parks throughout India, with NGEL holding a 74% stake compared to MAHAPREIT’s 26%.
ICICI Bank
In a bid to enhance credit access in rural and semi-urban areas, Piramal Finance has forged a co-lending partnership with ICICI Bank. This collaboration primarily targets home loans and loans against property, which will bolster Piramal’s presence in India’s semi-urban markets.
Power Finance Corporation
Power Finance Corporation (PFC) has formalized an agreement with MMRDA to provide funding of Rs 1 lakh crore for various infrastructure projects. This MoU aims to create a strong collaborative framework between the two entities, facilitating the development of viable infrastructure projects in the Mumbai Metropolitan Region.
Vodafone Idea
In a significant restructuring move, Vodafone Idea has converted its spectrum dues into equity. The company has allotted equity shares worth Rs 36,950 crore to the Government of India, making it the largest shareholder with a 48.99% stake. This allotment involved the issuance of 3,695 crore equity shares at a nominal value of Rs 10 each.
Concord Biotech
Concord Biotech has achieved a milestone with the US FDA granting marketing approval for its teriflunomide tablets in 7 mg and 14 mg dosages. These tablets are essential for treating patients with relapsing forms of multiple sclerosis, expanding the company’s market reach and therapeutic offerings.
By keeping an eye on these developments, investors can better navigate the unpredictable waters of the stock market amid ongoing global economic shifts.
