The stock market is currently experiencing heightened volatility following the announcement of new tariffs on Indian imports by U.S. President Donald Trump. This development could benefit certain sectors while placing others under strain. Notably, the pharmaceutical sector appears resilient, whereas the IT industry is feeling the pressure. Export-driven sectors may also see significant fluctuations. Let’s explore the stocks to keep an eye on for April 4, 2025.
Market Overview
On April 3, 2025, Indian stock markets faced a downturn as investor confidence wavered in light of the recent tariff announcements from the U.S. The Sensex fell by 0.42%, closing at 76,295.36, while the Nifty 50 dropped 0.35%, settling at 23,250.10.
Notable Stocks to Watch on April 4, 2025
Vedanta
Vedanta, a leading mining company, showcased impressive production figures for aluminium and zinc, alongside notable growth in iron ore, steel, oil and gas, and power sales.
Mazagon Dock Shipbuilders
In a strategic move, the government plans to divest up to 4.83% stake in Mazagon Dock Shipbuilders Limited (MDL) through an Offer for Sale (OFS). This includes a base offer of 2.83% (1.14 crore shares), with the option to sell an additional 2% (80.67 lakh shares) through the green shoe provision.
Avenue Supermarts
DMart, the parent company of Avenue Supermarts, reported a 16.7% year-on-year increase in standalone revenue for Q4 FY25, reaching Rs 14,462 crore. The company has also expanded its retail presence to 415 stores.
HDFC Bank
HDFC Bank experienced a 5.4% increase in gross advances, bringing the total to Rs 26.43 lakh crore in Q4 FY25. Additionally, average deposits surged by 15.8%, reaching Rs 25.28 lakh crore, while period-end deposits escalated 14.1% to Rs 27.14 lakh crore.
Bajaj Finance
Bajaj Finance has seen its customer base grow to 101.82 million as of March 2025, up from 83.64 million a year prior. The firm recorded 10.7 million new loans in Q4, reflecting a 36% increase, and its assets under management soared 26% year-on-year to Rs 4.17 lakh crore.
Jio Financial
Jio Financial and BlackRock have jointly invested Rs 66.5 crore into their partnership, Jio BlackRock Investment Advisers. Each partnered firm subscribed to 6.65 crore shares at Rs 10 each, raising the total capital in the venture to Rs 84.5 crore.
UltraTech Cement
UltraTech Cement has announced its acquisition of Wonder WallCare for up to Rs 235 crore. The transaction is expected to close within 90 days, further enhancing UltraTech’s offerings in the burgeoning wall care market.
Nestle India
Nestle India has commenced construction on its tenth factory in Khordha, Odisha, with an initial investment of Rs 900 crore. This facility aims to produce a range of prepared dishes and cooking aids.
RBL Bank
RBL Bank reported a 7% year-on-year and 4% quarter-on-quarter increase in total deposits, reaching Rs 1.10 lakh crore. CASA deposits rose by 4% YoY and 8% QoQ to Rs 37,884 crore, although the CASA ratio dipped slightly to 34.1% from 35.2% last year.
Jupiter Wagons
Jupiter Wagons’ subsidiary, JTRF, has secured land in Khordha, Odisha, to establish 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 of Israel, part of the Controp and Rafael Group. This agreement designates Paras Defence as 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 Rs 76.19 crore for FY19. The company is currently evaluating its legal options, assuring investors that this issue will not adversely affect its financial standing.
Key Sectors to Monitor
As we move into April 4, the Indian stock market will closely observe the repercussions of the U.S. tariffs on various sectors. The pharmaceutical industry is anticipated to remain a focal point after a significant rally following the announcement, benefiting from exemptions in the new tariffs. Companies such as Dr. Reddy’s, Cipla, and Sun Pharma experienced gains recently and may continue that momentum.
Conversely, the IT sector could remain under pressure after a 4% drop on April 3, driven by concerns regarding a potential slowdown in U.S. tech spending affecting giants like Infosys, TCS, and Wipro. Other sectors, including textiles, gems, and jewelry, may show volatility due to the impact of increased tariffs on exports. The automotive industry will also be of interest as reactions to trade policy shifts unfold.
In the previous session, the Nifty Pharma index surged 5%, while the Nifty IT index recorded its steepest single-day decline in two years.
Stay tuned for ongoing updates as the market reacts to these critical developments!
