HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Post Session: Quick Review
Apr-03-2025

Local equity markets remained under pressure on Thursday, with both the Nifty and Sensex closing in negative territory amid the U.S. imposing a 27% reciprocal tariff on Indian imports. Indices made a gap-down opening and remained weak throughout the session, weighed down by heavy selling in IT stocks, weak global cues, and persistent foreign fund outflows.

Some of the important factors in trade:

Trump imposes 27% Tariff on Indian imports: U.S. President Donald Trump announced 27 percent reciprocal tariff on India – nearly half the rate India imposes on U.S. imports, leaving some room for negotiation.

FPIs extend selling spree: Traders remained cautious as provisional data from the National Stock Exchange showed foreign portfolio investors (FPIs) stayed net sellers on Wednesday for the third straight session as they offloaded equities worth Rs 1,538.88 crore. 

GTRI says essential goods exempt from US tariff: Investors overlooked the report that Global Trade Research Initiative (GTRI) has said that essential and strategic items such as pharmaceuticals, semiconductors, copper, and energy products like oil, gas, coal and LNG are exempted from the 27 per cent import duty announced by the US. 

Global front: European markets were trading in the red, while Asian markets ended in red after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers ‘worst offenders’ based on trade deficits and non-tariff barriers.

The BSE Sensex ended at 76295.36, down by 322.08 points or 0.42% after trading in a range of 75807.55 and 76493.74. There were 12 stocks advancing against 18 stocks declining on the index. (Provisional)

The broader indices ended in green; the BSE Mid cap index was up by 0.31%, while Small cap index up by 0.76%. (Provisional)

The top gaining sectoral indices on the BSE were Utilities up by 2.44%, Power up by 1.83%, Healthcare up by 1.82%, PSU up by 1.18% and Telecom up by 0.75%, while IT down by 3.78%, TECK down by 2.85%, Auto down by 1.14%, Metal down by 0.99% and Oil & Gas down by 0.59% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Power Grid up by 4.57%, Sun Pharma up by 3.33%, Ultratech Cement up by 2.92%, NTPC up by 1.92% and Asian Paints up by 1.66%. On the flip side, TCS down by 4.02%, HCL Technologies down by 3.96%, Tech Mahindra down by 3.84%, Infosys down by 3.54% and Tata Motors down by 2.37% were the top losers. (Provisional)

Meanwhile, reaffirming growing dominance in the global railway sector, India has emerged as a global leader in railway locomotive manufacturing, achieving a record production of 1,681 locomotives in the financial year 2024-25, an increase of 209 locomotives, compared to the 1,472 locomotives produced in the previous financial year 2023-24. 

This record-breaking production is the highest ever for locomotive manufacturing in the country, reflecting the significant achievements of all units in enhancing railway infrastructure and capacity. Besides, this milestone surpasses the total locomotive production of regions such as the United States, Europe, South America, Africa, and Australia.

The continuous rise in locomotive production is a direct result of strategic decisions taken to strengthen the ‘Make in India’ initiative. Between 2004 and 2014, India produced a total of 4,695 locomotives, with a national annual average of 470. In contrast, from 2014 to 2024, locomotive manufacturing witnessed a significant surge, with 9,168 locomotives produced, raising the annual average to approximately 917.

The CNX Nifty ended at 23250.10, down by 82.25 points or 0.35% after trading in a range of 23145.80 and 23306.50. There were 23 stocks advancing against 27 stocks declining on the index. (Provisional)

The top gainers on Nifty were Power Grid up by 4.31%, Sun Pharma up by 3.29%, Ultratech Cement up by 3.16%, Cipla up by 2.98% and Shriram Finance up by 2.31%. On the flip side, TCS down by 3.97%, Tech Mahindra down by 3.77%, HCL Technologies down by 3.76%, Infosys down by 3.46% and ONGC down by 2.92% were the top losers. (Provisional)

European markets were trading lower; France’s CAC fell 173.28 points or 2.2% to 7,685.55, Germany’s DAX lost 389.33 points or 1.74% to 22,001.51 and UK’s FTSE 100 decreased 103.88 points or 1.21% to 8,504.60.

Asian markets settled down on Thursday due to escalating global trade tensions after US President Donald Trump announced a 10% tariff on all imports to the United States along with additional high tariffs on countries the US considers worst offenders based on trade deficits and non-tariff barriers. Moreover, Japanese markets lead losses as a stronger yen dented exporters. China's Shanghai index fell, despite growing optimism that China will take more steps to shield the economy from Trump tariffs. Markets in Indonesia and Taiwan closed for a public holiday.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,342.01

-8.12

-0.24

Hang Seng

22,849.81

-352.72

-1.54

Jakarta Composite

--

--

--

KLSE Composite

1,518.91

-7.61

-0.50

Nikkei 225

34,735.93

-989.94

-2.85

Straits Times

3,942.23

-11.98

-0.30

KOSPI Composite

2,486.70

-19.16

-0.77

Taiwan Weighted

--

--

--
  RELATED NEWS >>
Most Viewed >>
March 29 , 2025
At 1.1% of GDP, Q3 CAD flat on year
March 21 , 2025
SIF launch nears, but MFs slow to file with SE
April 01 , 2025
Equity MF inflows likely slowed down further i
March 29 , 2025
Goldman Sachs acquires HAL, Zomato shares wort
EXPLORE
© CITRUS INTERACTIVE
Designed & Developed Accord Fintech Pvt. Ltd.