Markets Rebound; ₹33 Lakh Cr Loans Disbursed Under Mudra Scheme & More
- Share.Market
- 9 min read
- 08 Apr 2025
08 April 2025
Highlights
The Nifty 50 rose 1.69% and the BSE Sensex gained 1.49% on Tuesday, bouncing back from Monday’s steep losses triggered by US tariff concerns. Sector-wise, Nifty Media led with a 4.72% jump. Among stocks, Vijaya Diagnostic surged 13.94%, while Delhivery fell 7.25%, the day’s biggest loser.
Headline Indices
Sectors at a Glance
*Prices shown may have delay up-to 15 minutes
What moved the market?
Top Gainers
*Prices shown may have delay up-to 15 minutes
Put Call Ratio of Nifty 50 (expiry: 09th Apr) is 0.74
Market Highlights
Shares of Kaynes Technology, among other EMS firms, surged on April 8 after reports said Apple plans to ship more iPhones from India to the US to avoid China tariffs.
Jio Finance has launched a fully digital Loan Against Securities (LAS) product via the JioFinance app, allowing users to borrow up to ₹1 crore in just 10 minutes. Customers can pledge shares or mutual funds without selling them, with interest rates starting at 9.99% and no foreclosure charges.
HPCL shares, among other oil marketing companies, rose after the government raised the excise duty on petrol and diesel by ₹2/litre and increased LPG cylinder prices by ₹50. The move is expected to reduce losses on LPG sales and improve near-term margins.
Godrej Properties posted its highest-ever quarterly and annual bookings, with Q4 FY25 bookings rising 87% QoQ to ₹10,163 crore. For FY25, bookings grew 31% YoY to ₹29,444 crore, marking the highest full-year value and volume by any Indian real estate developer to date.
Shares of Indraprastha Gas Ltd (IGL) dropped on Tuesday after reports said Delhi’s draft EV policy proposes banning new CNG auto registrations from August 15 and replacing expiring permits with e-auto ones. While IGL’s CNG volumes largely come from cars, the move raises long-term concerns for the company.
India at a Glance
- India imported more finished steel than it exported for the second year in a row. Imports rose 14.6%, while exports fell 35%. To control this, a 12% tax on some steel imports has been proposed.
- Federation of Indian Export Organisations (FIEO) has asked the government to restart the interest subsidy scheme as new 26% US tariffs may delay payments to Indian exporters. US buyers are also demanding up to 14% discounts, adding pressure on Indian businesses.
- The government has clarified that companies in Foreign Direct Investment (FDI) prohibited sectors can issue bonus shares to existing foreign investors, as long as their shareholding doesn’t change. This update ensures clarity while keeping FDI rules intact in sensitive sectors.
- India will set up an import monitoring group to prevent goods from China, Vietnam, and others – facing high US tariffs – from being dumped in India. This comes as the US imposes a 26% tariff on Indian goods.
- Government officials from India and the US discussed speeding up a bilateral trade agreement after the US imposed 26% tariffs on Indian goods. It marked the first high-level contact since the tariff announcement.
- In 10 years, the Mudra scheme has supported over 52 crore small borrowers with ₹33 lakh crore in collateral-free loans. 68% of beneficiaries are women, with growing credit to Micro, Small and Medium Enterprises (MSMEs). Non-Performing Assets (NPAs) remain low at 3.6%.
Markets Beyond India
- Major Asian and European indices traded higher on Tuesday. Japan’s Nikkei jumped over 6%, while markets in China and Hong Kong saw gains above 1.5%. European indices like Euro Stoxx 50 and Germany’s DAX also rose around 1%.
- US stock futures rose slightly after last week’s sharp losses driven by tariff uncertainty. Key tech stocks saw nearly 2% gains in premarket trade. However, market sentiment remains cautious, with major indices still hovering near bear market territory.
- Gold prices rose 0.3% to $2,990 per ounce as investors turned to safe-haven assets amid rising trade tensions. US gold futures were up 1.1%, reflecting heightened worries about inflation and recession risks.
- The US dollar moved mixed as markets reacted to rising tariffs. The euro edged up 0.2%, the Japanese yen gained 0.1%, while the offshore yuan stayed stable despite China’s response.
- Vietnam offers zero duties on US imports, giving it an edge over India, which faces a 26% tariff. Bangladesh, another key competitor in textiles, may also offer duty relief to the US to stay competitive amid rising tariffs.
Corporate Action
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Ashiana Housing | 11 Apr 2025 | 11 Apr 2025 | Interim Dividend | ₹1.00 |
| CRISIL | 11 Apr 2025 | 11 Apr 2025 | Final Dividend | ₹ 26.00 |
