Trendlyne Marketwatch
Trendlyne Marketwatch
01 Apr 2025, 04:01PM
Market closes lower, Maruti Suzuki's sales grow 4.6% YoY in FY25
By Trendlyne Analysis

 

Nifty 50 closed at 23,165.70 (-353.7, -1.5%) , BSE Sensex closed at 76,024.51 (-1,390.4, -1.8%) while the broader Nifty 500 closed at 21,070.75 (-268.8, -1.3%). Market breadth is overwhelmingly positive. Of the 2,456 stocks traded today, 1,727 were in the positive territory and 699 were negative.

Indian indices closed in the red, mainly due to uncertainty ahead of Trump's reciprocal tariff announcement on April 2. The Indian volatility index, Nifty VIX, rose 8.9% and closed at 13.9 points. Hindustan Aeronautics rose 1.1% as it signed a Rs 62,700 crore contract with the Ministry of Defence (MoD) to supply 156 Light Combat Helicopters (LCH) to the Indian Army and Air Force.

Nifty Midcap 100 and Nifty Smallcap 100 closed in the red. S&P BSE SME IPO & Nifty Media were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 2.7%.

Asian indices closed mixed, while European indices are trading higher. US index futures traded in the red, indicating a cautious start to the trading session. The S&P 500 fell nearly 5% in Q1CY25, while the tech-heavy NASDAQ Composite dropped over 10% due to concerns that trade levies could slow economic activity, trigger inflation, and push the US into recession. Meanwhile, SoftBank Group is reportedly seeking up to $16.5 billion in loans for AI investments in the US. Despite partnering with OpenAI, Oracle, and MGX on Stargate AI, SoftBank remains the main financier for the data center investment promised to President Trump.

  • Money flow index (MFI) indicates that stocks like Solar Industries, Avenue Supermarts, and AstraZeneca Pharma are in the overbought zone.

  • Real estate stocks like Godrej Properties and Oberoi Realty decline after the Maharashtra Government announces a 4.4% increase in the ready reckoner rate for FY26. This hike, intended to align circle rates with market values, could lead to higher stamp duty and registration costs, potentially affecting buyer sentiment and sales momentum.

  • Astec Lifesciences surges as its board of directors appoints Burjis Godrej as the new Managing Director (MD) for five years, effective April 1.

  • Maruti Suzuki India's wholesales increase 3.1% YoY to 1.9 lakh units in March, helped by a 27.3% growth in exports. The company's FY25 sales rise 4.6% YoY to 22.3 lakh units.

  • Alembic Pharmaceuticals receives US FDA approval for its abbreviated new drug application (ANDA) for Pantoprazole Sodium injection, single-dose vials. The injection is used to treat gastroesophageal reflux disease and other conditions related to excessive stomach acid. As of 2024, this drug has a market size of $48 million, according to IQVIA.

  • Ashok Leyland is rising as it reports total sales of 24,060 units in March, a 6% increase from 22,736 units last year, surpassing expectations. The company's medium and heavy commercial vehicle (MHCV) sales grow 12% to 16,082 units, compared to 14,387 units in March 2024.

  • GMR Airports rises sharply as the Airports Economic Regulatory Authority (AERA) approves a 148% increase in aeronautical tariffs for Delhi Airport for the fourth control period (April 2024–March 2029). The new tariffs, including a variable user development fee for international passengers, will take effect from April 16.

  • Rites rises as it secures contracts worth Rs 312.8 crore from Oil India (OIL) and Numaligarh Refinery. The Oil India contract is for a housing complex, while the Numaligarh Refinery contract includes work on railway sidings and related infrastructure.

  • KEC International secures orders worth Rs 1,236 crore across its businesses. Its transmission & distribution (T&D) unit receives orders for transmission lines in India and the Middle East. In the transportation segment, it secures orders to supply train collision avoidance systems (TCAS) in India.

  • Suzlon Energy declines following cancellations and reductions of several orders since January. These include a 99 MW order from Vibrant Energy, 201.6 MW from O2 Power (revised to 100.8 MW), and a 100.8 MW order for the 3 MW series that was dropped by the customer. These orders were secured between May and December 2023. The company believes these cancellations won’t significantly affect its order book.

  • Eicher Motors sales increase 34% YoY to 1 lakh units in March, driven by a 33% rise in domestic sales and a 36% growth in exports. The company's FY25 sales rise 11% YoY to 10.1 lakh units.

  • Larsen & Toubro’s power transmission and distribution unit secures large orders worth Rs 2,500-5,000 crore in India and the Middle East. The company will develop a 765kV Gas Insulated Substation (GIS) in western India and overhead transmission lines in the Middle East.

  • Kalpataru Projects International secures orders worth Rs 621 crore across its buildings and factories (B&F) and railway businesses.

  • Punjab & Sindh Bank and UCO Bank fall significantly following the closure of their QIP (Qualified Institutional Placement) exercises last week. Punjab & Sindh Bank raised Rs 129 crore, issuing most shares to Life Insurance Corp (16.4%) and SBI Life Insurance (8.2%). UCO Bank’s QIP was also largely purchased by LIC and SBI-backed funds.

  • InterGlobe Aviation (IndiGo) is falling as it receives a penalty order of Rs 944.2 crore from the Income Tax Department for AY21-22. The company refutes the penalty and intends to contest the ruling through legal channels.

  • HBL Engineering surges as it secures five contracts worth Rs 762.6 crore from Central Railway for the provision of Kavach. The company's consortium with Shivakriti International also wins Rs 499.7 crore orders for Kavach deployment in Western and North Central Railway sections.

  • Bajaj Electricals rises as its board appoints Sanjay Sachdeva as the new Managing Director (MD) and Chief Executive Officer (CEO), succeeding Shekhar Bajaj, for three years, effective April 15.

  • Mahindra & Mahindra's SUV sales grow 18% YoY to 48,048 units in March. The company's tractor sales in India rise 34% YoY to 32,582 units, while total auto sales increase 23% to 83,894 units. Hemant Sikka, President of the Farm Equipment Sector, attributed the tractor industry's strong momentum to favourable weather, high reservoir levels, a positive rabi outlook, and improved terms of trade for farmers.

  • Hindustan Aeronautics rises as it signs a Rs 62,700 crore contract with the Ministry of Defence (MoD) to supply 156 Light Combat Helicopters (LCH) to the Indian Army and Air Force.

  • Power Mech Projects bags a Rs 972 crore order from the National Highways Authority of India (NHAI) to construct a 4-lane bypass to NH-114A, connecting NH-333 in Jharkhand, on a hybrid annuity mode.

  • BSE's board of directors approves the issue of two bonus shares for every share held in the company.

  • Tejas Networks rises over 4% as it receives more than Rs 189 crore from the government under the PLI scheme for telecom and networking products. This amount represents the first tranche, covering 85% of the incentive for the first two quarters of FY25. The remaining balance will be released later, as per PLI scheme guidelines.

  • Vodafone Idea (VI) surges to its 10% upper circuit as the Central Government converts Rs 36,950 crore of outstanding spectrum dues into equity. VI will issue 3,695 crore shares at Rs 10 each, raising the government's stake from 22.6% to 49%.

  • Sheela Foam's Chief Executive Officer (CEO), Nilesh Sevabrata Mazumdar, tenders his resignation, effective March 31. The board appoints the company’s Managing Director, Tushaar Gautam, as the CEO.

  • Ircon International's joint venture with SSNR Projects secures a Rs 872.7 crore railway project from Rail Vikas Nigam. The contract includes tunnel construction and track work, with Ircon’s share at Rs 610.9 crore.

  • Aditya Birla Real Estate rises as its board approves the sale of its pulp and paper business to ITC for Rs 3,498 crore, allowing it to focus on its core real estate business.

  • Gloom in markets in early trading. Nifty 50 was trading at 23420.55 (-98.8, -0.4%) , BSE Sensex was trading at 76827.80 (-587.1, -0.8%) while the broader Nifty 500 was trading at 21271.50 (-68.1, -0.3%)

  • Market breadth is surging up. Of the 2031 stocks traded today, 1355 were gainers and 618 were losers.

Riding High:

Largecap and midcap gainers today include Indus Towers Ltd. (352.45, 5.4%), IndusInd Bank Ltd. (682.70, 5.1%) and Trent Ltd. (5,576.75, 4.7%).

Downers:

Largecap and midcap losers today include UCO Bank (31.20, -12.6%), Ipca Laboratories Ltd. (1,390.85, -7.4%) and Voltas Ltd. (1,352.05, -7.3%).

Volume Shockers

8 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included HBL Engineering Ltd. (511.70, 8.3%), Maharashtra Seamless Ltd. (735.10, 7.7%) and Tata Teleservices (Maharashtra) Ltd. (59.63, 5.9%).

Top high volume losers on BSE were Punjab & Sind Bank (34.86, -20.0%) and UCO Bank (31.20, -12.6%).

Indus Towers Ltd. (352.45, 5.4%) was trading at 4.5 times of weekly average. Galaxy Surfactants Ltd. (2,091.75, 2.1%) and Bikaji Foods International Ltd. (691.95, 4.7%) were trading with volumes 4.5 and 3.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks hit their 52 week highs, while 10 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Coromandel International Ltd. (2,049.05, 3.4%) and Aavas Financiers Ltd. (2,086.05, 0.1%).

Stocks making new 52 weeks lows included - Central Bank of India (41.31, -3.4%) and Indian Overseas Bank (37.70, -3.3%).

7 stocks climbed above their 200 day SMA including Lemon Tree Hotels Ltd. (137.06, 6.7%) and Chalet Hotels Ltd. (846.75, 3.3%). 18 stocks slipped below their 200 SMA including Ipca Laboratories Ltd. (1,390.85, -7.4%) and Suven Pharmaceuticals Ltd. (1,078.85, -6.3%).

 
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