Trendlyne Marketwatch
Trendlyne Marketwatch
03 Apr 2025, 03:57PM
Market closes lower, Bank of Baroda's deposits rise 9.3% YoY in Q4FY25
By Trendlyne Analysis

 

 

Nifty 50 closed at 23,250.10 (-82.3, -0.4%) , BSE Sensex closed at 76,295.36 (-322.1, -0.4%) while the broader Nifty 500 closed at 21,243.40 (-22.3, -0.1%). Market breadth is overwhelmingly positive. Of the 2,447 stocks traded today, 1,782 showed gains, and 632 showed losses.

Indian indices closed in the red, dragged down by IT and auto stocks, reacting to the US tariff announcement. The Indian volatility index, Nifty VIX, declined 0.1% and closed at 13.6 points. Hero MotoCorp's monthly wholesales rose 12% YoY to 5.5 lakh units in March due to higher scooter sales and domestic business. Exports surged 26.8% YoY during the month.

Nifty Midcap 100 and Nifty Smallcap 100 closed in the green. S&P BSE Utilities & S&P BSE SME IPO 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 2.9%.

Asian indices closed in the red, while European indices are trading lower except Russia’s RTSI & MOEX indices. US index futures traded in the red, indicating a cautious start to the trading session. UBS warned that Trump's new tariffs could dampen near-term growth, increase market volatility, and prompt significant rate cuts by the Federal Reserve later this year. Mark Haefele, CIO of UBS Global Wealth Management, believes that the resulting uncertainty may slow the US economy and reduce growth in 2025 to around or below 1%.

  • Relative strength index (RSI) indicates that stocks like Aavas Financiers, HEG, and Solar Industries are in the overbought zone.

  • Tejas Networks rises as BSNL plans to expand its 4G and 5G infrastructure. Tejas Networks supplies 4G/5G radio access network (RAN) equipment to BSNL. In the first nine months of FY25, 94% of its revenue came from BSNL’s 4G shipments.

  • Bank of Baroda rises as its global business grows 11.4% YoY to Rs 27 lakh crore, and domestic deposits increase 9.3% YoY to Rs 12.4 lakh crore in Q4FY25. The bank's domestic advances expands 13.7% YoY during the quarter.

  • Bharat Forge falls as its Class 8 truck orders from North America hit a seven-month low in March, declining 14% YoY to 15,700 units.

  • The central government receives a record Rs 74,016.7 crore in dividend receipts from central public sector enterprises (CPSEs) in the FY25, surpassing the Rs 63,749.3 crore collected in FY24. Coal India and Oil & Natural Gas Corporation (ONGC) were the top dividend-paying CPSEs for the year.

  • IDBI Bank rises as its total deposits rise 12% YoY in Q4FY25 to Rs 3.1 lakh crore and net advances grow by 16% YoY to Rs 2.2 lakh crore. Its CASA deposits rose by 3% to Rs 1.4 lakh crore.

  • Gokaldas Exports rises sharply as the US imposes a 27% reciprocal tariff on Indian imports, the lowest among major garment-exporting countries. Vietnam faces a 46% tariff, Bangladesh 37%, and China 54%. The US accounted for 76% of Gokaldas Exports' total revenue in FY24.

  • Qatar Energy LNG includes Man Industries in its approved vendor list. With this inclusion, the company will be able to supply line pipes to the critical energy sector in Qatar.

  • JP Morgan notes that Indian equity markets are better positioned than their Asian counterparts to withstand the impact of the US's sweeping tariffs. India's exports to the US account for just 2% of its GDP, which is lower than that of its regional peers. Economists estimate that tariff hikes will have only a slight impact on GDP growth, reducing it by up to 50 basis points.

  • Poonawalla Fincorp rises sharply as its assets under management grow 42.2% YoY to around Rs 35,550 crore in Q4FY25.

  • IDFC First Bank rises sharply as its total deposits rise 22.7% YoY in Q4FY25 to Rs 4.8 lakh crore while loans & advances surge 20.3% YoY to Rs 2 lakh crore. Its CASA ratio stands at 46.9%, as against 47.2% in Q4FY24.

  • Hero MotoCorp's monthly wholesales rise 12% YoY to 5.5 lakh units in March due to higher scooter sales and domestic business. Exports surge 26.8% YoY to 39,518 units during the month. For FY25, its wholesales grow 4.9% YoY.

  • Bajaj Finance declines as it reportedly receives a 'letter of displeasure' from the RBI over its co-branded credit cards. The letter highlights the company's failure to proactively identify gaps and vulnerabilities, raising concerns about significant risks to customers. It also criticises Bajaj Finance for its reactive approach and inadequate internal controls.

  • Avanti Feeds plunges as the United States imposes a 27% tariff on Indian shrimp imports. In the December quarter, the company derived 69% of its total revenue from the North American market.

  • Dabur India falls sharply as it expects flat revenue in Q4 and a YoY margin decline of up to 175 bps as it deleverages operations amid high inflation. The company states that its 'Homemade' and 'Badshah' brands performed well, but overall, the FMCG business may decline due to weak urban demand and a shorter winter season.

  • AU Small Finance Bank rises sharply as its total deposits rise 27.2% YoY in Q4FY25 to Rs 1.2 lakh crore, and gross advances surge 25.8% YoY to Rs 1.1 lakh crore. Its CASA ratio stands at 29.2% as against 32.2% in Q4FY24.

  • Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA), warns that the 27% tariffs imposed by the United States could harm domestic industries, disrupt trade flows, and squeeze profit margins, particularly affecting India's exports of automotive components and electronics. He suggests that India adopt a dual-track approach, combining negotiations with countermeasures to protect its economic interests.

  • Mahindra Lifespace Developers secures the redevelopment of two residential societies in Andheri West, Mumbai. The project is expected to generate sales revenue of Rs 1,200 crore.

  • Interarch Building is rising as it receives a letter of award (LoA) worth Rs 300 crore for design, engineering, manufacturing, and erection of pre-engineered steel building systems.

  • IT stocks like Tata Consultancy Services, Infosys, HCL Technologies, and Tech Mahindra fall over 2.7% in trade as Trump's reciprocal tariff raises US inflation fears. Higher inflation could lead US companies to cut IT spending, impacting Indian IT firms reliant on US clients.

  • Chemical stocks like SRF and Navin Fluorine decline following the US announcement of a 27% tariff, significantly higher than the previous 3.5% import rate for chemicals. However, other key chemical exporters to the US, such as China (34%), the EU (20%), Japan (24%), and South Korea (25%), also face higher tariffs. As a result, India is either better positioned or at par with other chemical-exporting countries.

  • Kirloskar Oil Engines is rising as it secures a Rs 270 crore order from the Indian Navy to design and develop a 6MW medium-speed marine diesel engine under the Make-I scheme.

  • Bharat Electronics secures a contract worth Rs 593.2 crore from the Indian Air Force to provide maintenance services for the Akash Missile System

  • Gland Pharma, Marksans Pharma, Aurobindo Pharma, and Lupin rise by more than 6% in trade as US President Trump exempts the pharmaceutical sector from the 27% reciprocal tariff imposed on India.

  • Punjab National Bank rises as its Q4FY25 domestic business reaches Rs 25.8 lakh crore, up 13.2% YoY. Domestic deposits grow 13.3% to Rs 15.1 lakh crore, while global deposits reach Rs 15.7 lakh crore, up 14.3% YoY.

  • Markets fell in early trading. Nifty 50 was trading at 23214.80 (-117.6, -0.5%) , BSE Sensex was trading at 75811.86 (-805.6, -1.1%) while the broader Nifty 500 was trading at 21194.45 (-71.2, -0.3%)

  • Market breadth is horizontal. Of the 1987 stocks traded today, 1004 were in the positive territory and 924 were negative.

Riding High:

Largecap and midcap gainers today include Ipca Laboratories Ltd. (1,497.60, 5.8%), IDFC First Bank Ltd. (60.35, 5.5%) and Mazagon Dock Shipbuilders Ltd. (2,737.55, 5.1%).

Downers:

Largecap and midcap losers today include Persistent Systems Ltd. (4,793.35, -9.9%), Coforge Ltd. (7,157.40, -7.8%) and Dabur India Ltd. (465.40, -6.1%).

Volume Rockets

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

Top high volume gainers on BSE included Vardhman Textiles Ltd. (476, 18.4%), Tejas Networks Ltd. (876.35, 9.1%) and Trident Ltd. (27.19, 7.7%).

Top high volume losers on BSE were Persistent Systems Ltd. (4,793.35, -9.9%), KPIT Technologies Ltd. (1,211.10, -7.7%) and Dabur India Ltd. (465.40, -6.1%).

Gland Pharma Ltd. (1,559.50, 1.6%) was trading at 22.5 times of weekly average. Jubilant Pharmova Ltd. (970.55, 6.7%) and Syngene International Ltd. (747.15, 3.2%) were trading with volumes 9.8 and 9.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock took off, crossing 52 week highs, while 7 stocks hit their 52 week lows.

Stock touching their year highs included - Coromandel International Ltd. (2,060.50, 0.5%).

Stocks making new 52 weeks lows included - Central Bank of India (36.84, -0.1%) and Dabur India Ltd. (465.40, -6.1%).

29 stocks climbed above their 200 day SMA including Vardhman Textiles Ltd. (476, 18.4%) and Jubilant Pharmova Ltd. (970.55, 6.7%). 6 stocks slipped below their 200 SMA including Coforge Ltd. (7,157.40, -7.8%) and Vedanta Ltd. (439.50, -4.0%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Five Interesting Stocks Today - April 4, 2025
The Baseline | 04 Apr 2025, 06:15PM
Chart of the Week: Drop in multibagger stocks from 157 in FY24 to 18 in FY25
The Baseline | 03 Apr 2025, 01:40PM
Markets close higher, Rakesh Jhunjhunwala buys a 2.2% stake in Indiabulls Housing Finance
Trendlyne Marketwatch | 22 Jul 2021