As the Indian stock market gears up for trading on Tuesday, the Sensex and Nifty 50 indices are poised to open on a positive note, buoyed by encouraging signals from global markets. The trends observed on the GIFT Nifty suggest a favorable gap-up commencement for Indian equities today. Investors should keep an eye on major players like Adani Ports & SEZ, Reliance Industries, and State Bank of India (SBI), as they are expected to be in the spotlight.

Key Stocks to Monitor Today

Earnings Reports:
A series of Q4 results are scheduled for release today, with IREDA, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, GM Breweries, and MRP Agro all set to disclose their financial performance.

• Dixon Technologies: The company received a boost as the U.S. President has exempted certain electronics, including phones and computers, from reciprocal tariffs, which could enhance its market competitiveness.

Corporate Updates

• Adani Ports & SEZ: The board is slated to convene on April 17, 2025, to discuss potential fundraising through equity share issuance.

• Punjab National Bank: Notably, fugitive Mehul Choksi, implicated in a ₹13,850 crore scam, has recently been apprehended in Belgium, stirring significant attention.

• Reliance Industries: The conglomerate has expanded its stake in Nauyaan Shipyard with an investment of ₹51.72 crore, strengthening its position in the maritime sector.

• State Bank of India (SBI): Following a cut in the Reserve Bank of India’s policy repo rate, SBI has reduced its lending rate by 25 basis points, which may attract more borrowers.

• ICICI Bank: On April 19, ICICI Bank’s board will meet to deliberate on fundraising through debt securities and a potential buyback of existing debt.

Expansion and Innovations

• Tata Power: Recently, Tata Power signed a Power Purchase Agreement (PPA) with NTPC for a 200 MW renewable energy project, marking a significant step in its commitment to sustainability. The company’s renewable energy capacity has now reached an impressive 10.9 GW.

• HCL Technologies: In a strategic move, HCL has integrated Nvidia AI Enterprise with its GenAI services, enhancing its offerings in the AI domain.

• Indian Hotels Company: Part of the Tata Group, this hospitality giant is set to expand its footprint with 100 new locations in FY25, indicating robust growth in the sector.

Other Noteworthy Developments

• Vedanta: The company is facing a fine of ₹71 crore related to fly ash disposal and plans to contest this order.

• Ircon International: This public sector railway company has secured a contract worth ₹127.8 crore from North Western Railway.

• Godrej Industries: In a strategic acquisition, Godrej has taken over the food additives business of Savannah Surfactants, bolstering its product portfolio.

• Aurobindo Pharma: The pharmaceutical company has received approval from the USFDA for generic Xarelto 2.5mg, targeting a significant market valued at $447 million.

Market Outlook

As trading begins, investors should remain vigilant and consider the implications of these developments. Whether you are looking to buy or hold, experts recommend analyzing stocks with potential under ₹100, as discussed in recent analyses.

Stay tuned for updates as today’s trading unfolds, and keep an eye on how these corporate developments impact market dynamics.