JBM Auto Rises 11%; Retail Inflation Falls to 3.3% & More
- Share.Market
- 8 min read
- 16 Apr 2025
16 April 2025
Highlights
Indian markets rose for the third straight day, supported by strong buying in private banks and oil & gas stocks. Nifty 50 gained 0.47%, and BSE Sensex added 0.40%. Nifty PSU Bank outperformed, jumping 2.37% to lead sectoral gains.
Headline Indices
Sectors at a glance
*Prices shown may have delay up-to 15 minutes
What moved the market?
*Prices shown may have delay up-to 15 minutes
Put Call Ratio of Nifty 50 (expiry: 17th Apr) is 0.85
Stocks In the News
JBM Auto shares surged after reports said the Centre will launch a tender in May to procure 10,000 electric buses under the PM E-DRIVE Scheme.
Bajaj Electricals shares rose over 7% after it partnered with SEAK, a Slovak Republic-based manufacturer of lighting control electronics and software, to use its lighting technology for tunnel projects in India. The deal also allows them to work together on future international projects.
ICICI Prudential beats Q4 estimates; retail protection jumps 25%, key insurance metrics remain strong.
IREDA shares rose after it reported a 49% YoY jump in Q4 FY25 profit. The PSU operates under the Ministry of New and Renewable Energy.
HOEC has bagged a new oil and gas block in Mumbai Offshore, covering 332.4 sq. km. It includes two discoveries producing over 2,900 barrels of oil and 2.5 million cubic feet of gas daily. With this, HOEC’s total area in the region crosses 800 sq. km, boosting its future growth potential.
India & The World
- India’s trade deficit with China hit $99.2 billion in FY25, driven by higher electronics and consumer goods imports. Rising U.S. tariffs may push more Chinese goods into India, raising dependency concerns.
- India’s retail inflation eased to 3.3% in March, a near five-year low, driven by falling food prices. However, rising fuel, core inflation, and heatwave risks may pressure future inflation.
- India’s organic exports rose 34.6% to $665.96 million in FY25, driven by global demand.
- China’s economy grew 5.4% in Q1 2025, beating expectations, driven by strong factory output, retail sales, and a falling jobless rate, marking its fastest growth in 1.5 years.
- West Texas Intermediate (WTI) crude oil futures rebounded to $62 per barrel on Wednesday, as hopes for renewed US-China trade talks offset weak supply and demand signals.
- The US dollar index dropped to 99.5 on Wednesday – its lowest in three years – as Trump’s aggressive tariffs raised concerns about slower US economic growth.
Back to Basics
Reciprocal Tariff
A reciprocal tariff is when one country matches another’s trade barrier, like saying, If you tax my goods, I’ll tax yours too. It’s used to push back against what’s seen as unfair trade.
Example: When the U.S. raised tariffs on Chinese products, China didn’t stay quiet – it hit back with its own tariffs on American goods, turning trade into a standoff.
This back-and-forth escalated tensions and disrupted global trade, impacting businesses and consumers on both sides.
Reciprocal tariffs aim to protect local industries, but if both sides keep raising duties, it can lead to a trade war, where no one wins, and prices rise for everyone.
