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The GIFT Nifty futures dropped 150 points, or 0.7%, to 22,186.50 at 7 am on Monday, signalling a weak start for Indian equities.

Asian markets fell on Monday as investors react to global trade tensions. Japanese shares dropped sharply and the yen rose as concerns about a growing global trade conflict pushed investors towards safer assets.

The Topix index fell as much as 9.6%, reaching its lowest level since August. The Nikkei 225 declined to levels last seen in October 2023. Circuit breakers temporarily halted futures trading for both indices after steep declines.

US equity futures also dropped, with S&P 500 contracts falling 4.4% after the index recorded its biggest two-day loss since March 2020 on Friday. The sell-off wiped out more than $5 trillion in market value, as investors reacted to the impact of Donald Trump’s proposed reciprocal tariffs.

Back home, the Indian benchmark equity indices continued to decline on Friday as anxiety about the future of global trade system prevailed due to US President Donald Trump’s aggressive tariff policies.

The NSE Nifty 50 ended 345.65 points or 1.49% down at 22,904.45, and the BSE Sensex closed 930.67 points or 1.22% lower at 73,364.69.

Foreign portfolio investors stayed net sellers for the fifth straight session on Friday as they offloaded equities worth approximately Rs 3,484 crore, according to provisional data from the National Stock Exchange. Domestic institutional turned net sellers after five buying sessions as they offloaded equities worth Rs 1,720.32 crore.

Stocks To Watch

  • Bajel Projects: The company has appointed Nitesh Bhandari as the chief financial officer.

  • Rane Holdings: The company’s arm sold Tamil Nadu land measuring 3.995 acres for Rs 50.50 crore to Estancia IT.

  • Larsen & Toubro: The company’s arm L&T Energy Green Tech incorporated a new arm L&T Green Energy Kandla.

  • Godrej Industries: The company will develop a project in Versova, Mumbai, with an estimated revenue of Rs 1,350 crore.

  • Tata Steel: The company has received a tax assessment order for the fiscal year 2019 concerning Bhushan Steel.

  • Sanofi Consumer Healthcare India: Maithilee Mistry resigned as the chief financial officer of the company effective from May 5.

  • Puravankara: The company’s subsidiary has been awarded a letter of intent for the Rs 119 crore Ranka Ankura project by Ranka Properties.

  • AstraZeneca Pharma India: The company has received Central Drugs Standard Control Organisation’s nod to import, sell Osimertinib Tablets.

  • Endurance Technologies: The company will receive Rs 606 crore incentive from the Maharashtra government.

  • ITC: The company has acquired 2.62 lakh shares of Ample foods for Rs 131 crore. Post acquisition, the company’s shareholding in AFPL will increase to 43.75%.

  • IndusInd Bank: As of March 31, the bank reported a 1.4% year-on-year increase in net advances, reaching Rs 3.5 lakh crore. Deposits saw a 6.8% year-on-year growth, rising to Rs 4.1 lakh crore. However, the CASA ratio dropped to 32.8%, down from 34.9% in the previous quarter. On a quarter-on-quarter basis, net advances fell by 5.2%, decreasing from Rs 3.7 lakh crore to Rs 3.5 lakh crore, while deposits saw a slight rise of 0.4%, increasing from Rs 4.09 lakh crore to Rs 4.1 lakh crore.

  • TVS Motor: The company will integrate ION Mobility’s assets to expand electric vehicles in South-East Asian markets.

  • Bajaj Housing Finance: In its business update, the company reported a 26% year-on-year increase in AUM, reaching Rs 1.14 lakh crore as of March 31. Gross disbursement also rose by 25% year-on-year to Rs 14,250 crore as of the same date.

  • The Federal Bank: Shalini Warrier has resigned from her position to pursue a potential entrepreneurial opportunity.

  • Medplus Health Services: Optival Health Solutions, a subsidiary of the company, has received a suspension order for its drug licence for a store in Telangana.

  • Mazagon Dock Shipbuilders: The government plans to utilise the oversubscription option for up to 47.69 lakh shares, in addition to the base offer size for the sale. This brings the total offer size for the sale to 1.61 crore shares.

  • Force Motors: In its business update, the company reported stagnant year-on-year growth in total sales at 3,700 units, while total exports experienced a 77% decline, dropping to 94 units compared to 420 units during the same period last year.

  • Indian Bank: Indian Bank delivered a strong performance for the period ended March 31. Total business rose to Rs 13.3 lakh crore, reflecting year-on-year growth from Rs 12.2 lakh crore. Deposits increased to Rs 7.4 lakh crore from Rs 6.9 lakh crore, while gross advances climbed to Rs 5.9 lakh crore from Rs 5.3 lakh crore over the same period.

  • JSW Steel: The company has issued fully redeemable senior unsecured fixed rate notes worth $400,000,000.

  • Biocon: The board has approved Rs 600 crore commercial paper offering.

  • Himadri Speciality Chemical: The company has acquired a 60% stake of Trancemarine and Confreight Logistics for Rs 4.23 crore. Post the acquisition, Trancemarine and Confreight Logistics became an arm of the company.

  • Motilal Oswal Financial Services: Dubai International Financial Centre has approved the incorporation of its step-down arm Motilal Oswal International Wealth Management.

  • Lemon Tree Hotels: The company has signed a licence agreement for Lemon Tree Hotel, Vrindavan, Uttar Pradesh. The property will be managed by Carnation Hotels and expected to open in fiscal 2029.

  • KSB: The company received a letter of award for a solar water project worth Rs 14 crore from Tripura Renewable Energy Development Agency. It secured another letter of award for a solar water project worth Rs 49 crore from Maharashtra State Electricity Distribution.

  • Manappuram Finance: The company filed its draft letter of open offer filed with SEBI to acquire 26% stake from the public. The offer is likely to begin on May 20.

  • Medi Assist: The Directorate of Enforcement conducted a search and seizure at certain offices of Medi Assist Insurance TPA situated at Ranchi, Jharkhand. Medi Assist TPA is a wholly owned subsidiary of the company and is one of the TPAs appointed for administering the Ayushman Bharat linked health scheme in Jharkhand.

  • Brainbees Solutions: The board approved a fund infusion of not more than Rs 146 crore in Globalbees Brands, a subsidiary of the company.

  • Trent: The standalone revenue of the company grew 28% yearly to Rs 4,334 crore.

  • Narayana Hrudayalaya: The company entered into an operation and management agreement with Kammavari Sangham to govern the operation, maintenance, overall management of the hospital to be built by Kammavari Sangham and to provide healthcare services.

  • Delhivery: The delivery logistics firm approved the acquisition of Ecom Express Ltd. for Rs 1,407 crore.

  • Dalmia Bharat: The Tamil Nadu government has informed that the Tamil Nadu Mineral Bearing Land Tax Act, 2024 and the Rules there under came into effect.

  • Websol Energy: The company signed a pact for the supply of 100 MW of Mono PERC Solar Cells with Luminous Power Tech. This order is scheduled for delivery between April 2025 and April 2026.

  • Metropolis Health: The company’s revenue in the final quarter of fiscal 2025 grew nearly 10% on a yearly basis. Revenue growth was driven by patient volume growth, test volume growth and change in product mix coupled with realisation benefits.

  • Tamilnad Mercantile Bank: The total business of the bank grew 10% to Rs 98,054 crore, while total deposits were up 8.4% to Rs 53,689 crore and total gross advances grew 11% to Rs 44,365 crore.

  • Nykaa: The company’s long term credit rating got upgraded to CRISIL A/stable from CRISIL A-/positive.

  • Bajaj Finance: The firm is to consider its final quarter’s financial results and dividends on April 29.

  • Jubilant Foodworks: The Domino’s operator’s consolidated revenue grew 34% yearly to Rs 2,107 crore, while standalone revenue grew 19% in the same period to Rs 1,587 crore.

  • Dr. Reddy’s Laboratories: The company received a show cause notice of Rs 2,396 crore from the Income Tax department. The notice is related to the merger of Dr Reddy’s Holding.

  • Aurobindo Pharma: The company’s subsidiary CuraTeQ Biologics got marketing authorisation for Dyrupeg from the European Commission.

  • Tata Motors: The automobile manufacturer’s subsidiary Jaguar Land Rover is set to pause shipments to the US in April in light of auto tariffs. It is working on new trading terms with business partners in the US.

  • Baazar Style Retail: The company opened two new stores of Style Baazar, one at Bihar and another at West Bengal. The total number of stores as on date stands at 214.

  • Nykaa: The company is expected to report consolidated net revenue growth in the low to mid-twenties on a year-on-year basis for the fourth quarter. The growth is primarily driven by strong retail performance, supported by healthy same-store sales growth. In the final quarter, the company opened 19 new stores.

  • HMA Agro Industries: Promoters of the firm entered into a shareholders’ agreement to safeguard promoter group’s control and ownership structure by granting Right of First Refusal. The agreement is signed to avoid any present or future difference of opinions and disagreement.

  • GMR Airports: The company’s step down arm acquired GADL LLC to be engaged in providing business and management consultancy.

Bulk/Block Deals

  • Gensol Engineering: Mansi Share and Stock Advisors bought 2.16 lakh shares (1.77%) at Rs 150.1 apiece.

  • Gensol Engineering: Epitome Trading and Investments bought 3 lakh shares (0.79%) at Rs 150.26 apiece, Ishaan Tradefin LLP bought 2.86 lakh shares (0.75%) at Rs 151.43 apiece, Shyam Ferro alloys sold 2.56 lakh shares (0.67%) at Rs 162.96 apiece, KLJ Plasticizers sold 2.34 lakh shares (0.61%) at Rs 162.1 apiece, Limited Badjate Stock Broking sold 2.25 lakh shares (0.59%) at Rs 152 apiece, Narantak Dealcomm sold 2.02 lakh shares (0.53%) at Rs 165.39 apiece, Subham Buildwell sold 2.02 lakh shares (0.53%) at Rs 165.38 apiece, Ishaan Tradefin LLP sold 0.71 lakh shares (0.18%) at Rs 158.98 apiece.

Trading Tweaks

  • Price Band changes from 10% to 20%: Anant Raj, APAR Industries, Adani Wilmar, Bharat Wire Ropes, Concord Enviro Systems, Cochin Shipyard, Dynemic Products, Excel Industries, Hind Rectifiers, Inox Wind Energy, Khaitan (India), Kopran, Motisons Jewellers, Natco Pharma, Netweb Technologies India, PC Jeweller, PIX Transmissions, Sequent Scientific, SMS Lifesciences India, Soma Textiles & Industries, Spandana Sphoorty Financial, Suzlon Energy, Sterling and Wilson Renewable Energy, Tilaknagar Industries, Vibhor Steel Tubes, Whirlpool of India, Zee Media Corp.

  • Price Band changes from 20% to 10%: Garware Hi-Tech Films, Pokarna.

  • Price Band changes from 5% to 10%: Acme Solar Holdings, ASK Automotive, Black Box, Zinka Logistics solutions, Blue Jet Healthcare, Borosil Renewables, Exicom Tele-Systems, GE Vernova T&D India, Kernex Microsystems (India), KPI Green Energy, Marine Electricals, M K Proteins, Nectar Lifesciences, Optiemus Infracom, Puravankara, Shaily Engineering Plastics, Solara Active Pharma Sciences, TARC, Ventive Hospitality, Windsor Machines, Wockhardt, Zaggle Prepaid Ocean Services.

  • Price Band changes from 5% to 20%: Siyaram Silk Mills.

  • Ex-Demerger: Siemens

  • List of securities shortlisted in Short Term ASM Framework Stage 1: BSE, GPT Infraprojects, SML Isuzu, Valiant Organics.

  • List of securities to be excluded from ASM Framework: Godrej Industries, Vinyl Chemicals (India)

F&O Cues

  • Nifty April Futures down by 1.5% to 22,958 at a premium of 54 points.

  • Nifty April futures open interest up by 4.77%.

  • Nifty Options April 10 Expiry: Maximum call open interest at 25,400 and maximum put open interest at 22,000.

  • Securities in ban period: Birlasoft, Hindustan Copper.

Currency Update

The Indian rupee appreciated by 21 paise on Friday as lower oil prices and fears over the damage due to President Donald Trump’s tariff policy to the US economy pressured the dollar.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 345.65 points or 1.49% down at 22,904.45, and the BSE Sensex closed 930.67 points or 1.22% lower at 73,364.69 on Friday.  Read MoreMarkets, Notifications 

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