India-UK ink $400M deals; Reliance ups stake in Nauyaan & More
- Share.Market
- 8 min read
- 11 Apr 2025
11 April 2025
Highlights
Indian equity indices surged after the US announced an immediate 90-day pause on trade tariffs for most countries. Nifty 50 rose 1.92% while BSE Sensex climbed 1.77%. All sectors were in the green, with Nifty Metal up 4.09%, leading gains. Gravita India jumped 16.26%, becoming the top gainer, while Muthoot Finance fell 5.75%, the biggest loser.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty MetalNIFTY METAL | +4.09%+320.80 | 8168.30 |
 Nifty Consumer DurablesNIFTY CONSR DURBL | +3.19%+1116.65 | 36085.30 |
 Nifty CommoditiesNIFTY COMMODITIES | +2.99%+237.45 | 8177.10 |
Top Losers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty RealtyNIFTY REALTY | +1.26%+9.85 | 790.15 |
 Nifty FMCGNIFTY FMCG | +0.86%+476.35 | 55741.10 |
 Nifty ITNIFTY IT | +0.69%+223.50 | 32740.85 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
Top Losers
*Prices shown may have delay up-to 15 minutes
Put Call Ratio of Nifty 50 (expiry: 17th Apr) is 0.8
Stocks in News
Reliance Industries’ step-down subsidiary NTPL has signed a share purchase agreement to acquire an additional 10% stake in Nauyaan Shipyard from Welspun Corp for ₹51.72 crore. The deal is expected to close by April 11, 2025
Rail Vikas Nigam Ltd. has emerged as the lowest bidder for a Southern Railway project to upgrade the electric traction system between Salem–Podanur and Irugur–Coimbatore. The contract is valued at ₹143.38 crore, including taxes.
IIFL Finance’s public issue of secured NCDs was oversubscribed 4.75 times, raising ₹475 crore by April 9. The issue, initially set to close on April 23, will now close early on April 11 due to strong demand. Funds will be used for lending, refinancing, and general corporate purposes.
India at a Glance
- The Cabinet approved ₹1,878 crore for a six-lane highway and ₹1,332 crore for railway projects across four states. ₹1,600 crore was also cleared to modernize irrigation under the PM Krishi Sinchayee Yojana to improve water management.
- Higher U.S. tariffs on China could boost Indian exports in textiles, leather, electronics, and engineering. A 90-day window with a flat 10% import duty offers Indian exporters a chance – if they act swiftly and stay competitive.
- India and the UK deepened economic ties with $400M in new trade deals. India proposed unlimited UK luxury EV imports in exchange for budget EV exports, aiming to boost automaker gains and future global trade talks.
- Equity mutual fund inflows dropped 14% in March to ₹25,082 crore, continuing a two-month decline. While large-cap and sectoral funds slowed, small-cap and multi-cap saw gains. SIP flows dipped slightly to ₹25,926 crore despite market recovery.
Markets Beyond India
- In a sharp response to rising U.S. tariffs, China plans to impose 125% duties on American goods – up from 84% – fueling fears of a deeper, prolonged trade war. This comes as China grapples with slowing growth and a property crisis.
- U.S. bond yields soared, with the 30-year reaching 4.90%, its biggest weekly jump since 1982. Experts warn it’s not inflation-driven but a sign of stress from potential recession and rising fiscal concerns.
- Britain’s economy grew 0.5% in February – its best performance since March 2024 – driven by manufacturing and services.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Hexaware Technologies | 15 Apr 2025 | 15 Apr 2025 | Interim Dividend | ₹5.75 |
| Mazagon Dock Shipbuilders | 16 Apr 2025 | 16 Apr 2025 | Interim Dividend | ₹3.00 |
