Asia-Pacific markets extended losses Friday morning, tracking significant losses in US markets overnight after President Donald Trump’s tariffs shook global markets. The Nikkei 225 was trading 2.34% down at 33,923.01 as of 7:01 a.m.

The Kospi was trading 0.24% down at 2,480.44 as of 7:02 a.m.

On Thursday, US share gauges recorded the worst percentage fall in years. The Dow Jones Industrial Average and S&P 500 ended 3.98% and 4.84% down, respectively. The Nasdaq 100 ended 5.41% down.

The dollar index was trading 0.19% down at 101.88. The Bloomberg spot gold was trading 0.15% down at $3,110.58 an ounce. The brent crude was trading 0.47% down at $69.81 a barrel as of 7:07 a.m.

The GIFT Nifty was trading 0.09% or 22 points down at 23,204.50 as of 7:07 a.m.

The benchmark equity indices ended in the red on Thursday after US President Donald Trump imposed heavy tariffs on India and the world.

The NSE Nifty 50 ended 82.25 points or 0.35% lower at 23,250.10 and the BSE Sensex closed 322.08 points or 0.42% down at 76,295.36. During the day, the Nifty fell as much as 0.79% to 23,145.80, while the Sensex dropped 1.06% to 75,807.55.

Foreign portfolio investors stayed net sellers for the fourth straight day on Thursday as they offloaded equities worth Rs 2,806 crore, according to provisional data from the National Stock Exchange. Domestic institutional investors remained net buyers for the fifth consecutive session as they mopped up equities worth Rs 221.5 crore.

Stocks To Watch

  • Mazagon Dock Shipbuilders: Government of India will sell up to 1.1 crore shares or 2.83% stake of the company via offer for sale at a floor price of Rs 2,525 per share.

  • Bajaj Finance: The company in its business update reported a 19% growth in deposits, reaching Rs 71,400 crore, and a 26% increase in assets under management, totaling Rs 4.17 lakh crore as of March 31. Additionally, the number of new loans booked rose by 36%.

  • HDFC Bank: During the January-March quarter of fiscal 2025, the bank reported a 5.4% year-on-year growth in total advances, reaching Rs 26.4 lakh crore. Deposits saw a 15.8% increase, rising to Rs 25.3 lakh crore year-on-year in the fourth quarter, while current account-savings account deposits grew by 5.7% to Rs 8.3 lakh crore.

  • Vedanta: The company’s business update showcased notable production and sales achievements. Aluminium production rose by 2% to 2,421 kt, while refined metal production also grew by 2% to 1,052 kt. Zinc International production experienced an impressive 52% year-on-year surge in the fourth quarter. Saleable iron ore production for Q4 increased by 22% YoY, and total power sales registered an 18% growth quarter-on-quarter.

  • Avenue Supermarts: The company’s standalone revenue from operations increased by 17% for the second consecutive quarter, reaching Rs 14,462 crore. As of March 31, the total number of stores stood at 415, marking the highest count in at least four years.

  • L&T Finance: In its Q4 business update, the company reported an estimated realisation of 97%, retail disbursements amounting to Rs 14,870 crore, and a retail loan book totaling Rs 95,100 crore.

  • Thermax: The company has entered into a share purchase agreement with Infinite Uptime, USA for the sale of stake in Covacsis for Rs 10 crore.

  • AMI Organics: The company has successfully commissioned a 10.8 MW DC solar power plant in Gujarat.

  • RBL Bank: The bank reported total deposits of Rs 1.1 lakh crore, marking a 7% year-on-year growth and a 4% increase quarter-on-quarter. Current Account Savings Account deposits rose to Rs 37,884 crore, showing a 4% year-on-year growth and an 8% rise quarter-on-quarter. The CASA ratio improved to 34.1% from 32.8% in the previous quarter. Gross advances grew by 11% year-on-year to Rs 94,973 crore, with a 3% quarter-on-quarter increase.

  • Zaggle Prepaid Ocean Services: The company has partnered with Thomas Cook to provide advanced tech-driven solutions for businesses.

  • Adani Wilmar: In its business update, the company reported a 7% year-over-year increase in volume and a 36% rise in revenue during the fourth quarter. The Food & FMCG segment played a key role, generating Rs 6,150 crore in revenue, which represents an 11% year-on-year growth. For FY 2025, the company anticipates a 10% year-on-year volume growth and a total revenue of Rs 62,000 crore, indicating a 26% year-on-year increase.

  • Alivus Life Sciences: The US FDA has issued an Establishment Inspection Report with a Voluntary Action Indicated (VAI) status for the Gujarat manufacturing facility.

  • Premier Energies: The company has incorporated its unit named Premier-Green Aluminium.

  • Lloyds Engineering Works: The board has approved rights issue of up to Rs 1,050 crore.

  • Reliance Industries: The company has received an order from the Principal Commissioner of Customs, Ahmedabad, imposing a redemption fine and penalty totaling Rs. 9.75 crore. The order alleges that the company declared an incorrect assessable value for imported goods in its bill of entry, resulting in a lower customs duty payment. The company plans to file an appeal against this order.

  • Jupiter Wagons: The company has acquired land in Odisha for a Rail Wheel and Axle plant. Its subsidiary plans to invest Rs 2,500 crore over the next few years in phased development of the facility.

  • Deep Industries: The company has assumed responsibility for production enhancement operations at the mature fields of the Rajahmundry asset. It received a letter of award from ONGC, granting it the contract for these operations for a duration of 15 years.

  • Nestle India: The company will make an investment of Rs 900 crore for its manufacturing factory in Odisha.

  • Gabriel India: The company has commenced the commercial production at its new manufacturing facility in MIDC Chakan, Pune.

  • Bajaj Auto: The subsidiary has subscribed to PBAG convertible bonds valued at Rs 469 crore.

  • H.G. Infra Engineering: The company’s arm HG Green Energy transferred 26% of partial stake from its units to Stockwell solar services.

  • Bandhan Bank: In its business update, the company reported a 10.6% increase in loans and advances, reaching Rs 1.4 lakh crore, and an 11.8% growth in total deposits, totaling Rs 1.51 lakh crore as of March 31. The CASA ratio stood at 31.4% as of March 31, compared to 31.7% in the previous quarter.

  • SH Kelkar & Co.: The company’s fiscal 2025 consolidated revenues are expected to grow by 15%, reaching Rs 2,110 crore. However, gross margins remain affected by ongoing supply-side disruptions for certain raw materials.

  • Sai Life Sciences: The company has established a peptide research center in India.

  • Bharat Global Developers: Mohsin Shaikh resigned as the chief executive officer.

  • Jio Financial Services: BlackRock and the company have invested Rs 66.5 crore in their joint venture, Jio BlackRock Investment Advisors. To date, their total aggregate investment in the JV amounts to Rs 84.5 crore.

  • Balaji Amines: The company has commissioned a 6MW AC captive solar power plant.

  • Surya Roshni: The company has received 116.5 crore order from GAIL to supply coated pipes.

  • Allcargo Logistics: The company’s arm Ecu Worldwide NV acquired 5% in Allcargo ULS Terminals for KRW 500,000.

  • Rashtriya Chemicals and Fertilizers: The company has approved an unsecured inter-corporate loan of up-to Rs 200 crore to JV Talcher fertilizers.

  • Zomato: The company’s name and symbol will be officially changed to ‘Eternal’ starting April 9.

  • UltraTech Cement: The company is set to acquire Wonder WallCare for an enterprise value of Rs 235 crore. Upon completion of the acquisition, Wonder WallCare will become a wholly owned subsidiary.

  • GR Infraprojects: The company has received an arbitration award of Rs 106 crore for claims related to Bihar National Highway Construction project.

Insider Trade

  • NRB Bearings: Promoter Harshbeena Zaveri bought 7,000 shares on March 28.

  • Wardwizard Innovations and Mobility: Promoter Yatin Sanjay Gupte (Revised) sold 52 lakh shares on March 26.

  • Gensol Engineering: Promoter Anmol Singh Jaggi 13.49 lakh shares between March 27 and April 1.

Trading Tweaks

  • Price Band changes from 10% to 5%: NACL Industries.

  • Price Band changes from 20% to 10%: Baazar Style Retail.

  • Ex-dividend: Varun Beverages, DCM Shriram.

  • Ex-Rights Issue: Fusion Finance                                            

  • List of securities shortlisted in Short-Term ASM Framework Stage 1: Punjab & Sind Bank, Radiant Cash Management Services, Baazar Style Retail, Tourism Finance Corp., Uttam Sugar Mills.

  • List of securities to be excluded from ASM Framework: Focus Lighting and Fixtures, JBM Auto, Kirloskar Pneumatic Co., Sun Pharma Advanced Research Co., Rajesh Exports.

F&O Cues

  • Nifty April Futures down by 0.48% to 23,325 at a premium of 75 points.

  • Nifty April futures open interest down by 3.4%.

  • Nifty Options April 10 Expiry: Maximum call open interest at 25,400 and maximum put open interest at 23,000.

  • Securities in ban period: Nil

Currency Update

The Indian rupee closed stronger against the US dollar on Thursday after erasing early losses triggered by fresh tariffs imposed by US President Donald Trump.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 ended 0.35% lower at 23,250.10 and the BSE Sensex closed 0.42% down at 76,295.36 on Thursday.  Read MoreMarkets, Notifications 

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