02 April 2025

Highlights

Indian equity markets closed higher ahead of the US tariff announcement, with the Nifty 50 rising 0.72% and the BSE Sensex gaining 0.78%. Nifty Realty led sectoral gains, jumping 3.61%. Valor Estate soared 19.12%, topping the gainers’ list, while Central Bank of India dropped 10.77%, the session’s biggest loser.

Headline Indices

Nifty 50
23,332.35+166.65 (0.72%)
BSE Sensex
76,617.44+592.93 (0.78%)
Sectors at a glance

Top Gainers

CompanyToday’s ChgLTP
Nifty Realty
Nifty RealtyNIFTY REALTY
+3.61%+29.80
854.65
Nifty Consumer Durables
Nifty Consumer DurablesNIFTY CONSR DURBL
+2.51%+873.70
35633.70
Nifty FMCG
Nifty FMCGNIFTY FMCG
+1.13%+600.85
53702.60

Top Losers

CompanyToday’s ChgLTP
Nifty Energy
Nifty EnergyNIFTY ENERGY
+0.52%+174.55
33463.70
Nifty Commodities
Nifty CommoditiesNIFTY COMMODITIES
+0.44%+37.25
8445.45
Nifty Oil & Gas
Nifty Oil & GasNIFTY OIL AND GAS
+0.25%+26.00
10584.15

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

CompanyToday’s ChgLTP
Valor Estate Ltd.
Valor Estate Ltd.DBREALTY
+11.78%+18.04
171.16
Kalyan Jewellers India Ltd.
Kalyan Jewellers India Ltd.KALYANKJIL
+11.58%+53.05
511.10
KPR Mill Ltd.
KPR Mill Ltd.KPRMILL
+7.57%+67.60
960.35
Tata Consumer Products Ltd.
Tata Consumer Products Ltd.TATACONSUM
+7.10%+70.45
1062.70
Bombay Burmah Trading Corporation Ltd.
Bombay Burmah Trading Corporation Ltd.BBTC
+6.88%+121.60
1889.20

Top Losers

CompanyToday’s ChgLTP
Central Bank of India
Central Bank of IndiaCENTRALBK
-10.77%-4.45
36.86
AstraZeneca Pharma India Ltd.
AstraZeneca Pharma India Ltd.ASTRAZEN
-4.69%-398.15
8094.50
RHI Magnesita India Ltd.
RHI Magnesita India Ltd.RHIM
-4.32%-23.05
510.60
Waaree Energies Ltd.
Waaree Energies Ltd.WAAREEENER
-4.19%-99.65
2280.20
Fortis Healthcare Ltd.
Fortis Healthcare Ltd.FORTIS
-3.78%-26.05
662.60

*Prices shown may have delay up-to 15 minutes

Nifty Midcap 150Nifty Midcap 150₹19,200.75 +1.42%

Nifty Smallcap 250Nifty Smallcap 250₹15,179.75 +1.00%

Put Call Ratio of Nifty 50 (expiry: 03rd Apr) is 0.88

Top News of the day
  • The US faces a fiscal crisis as government spending outpaces tax revenue, pushing debt toward 200% of GDP in 30 years. Experts urge the government to act with tax hikes and spending cuts to prevent economic fallout.
  • The National Highways Authority of India (NHAI) exceeded its FY25 target by constructing 5,614 km of national highways, with record capital expenditure of over ₹2.5 lakh crore. It raised ₹28,724 crore through monetization, including ₹17,738 crore from Infrastructure Investment Trust (InvIT).
  • India’s palm oil imports rose 13.2% in March to 423,000 tons but remained below normal as refiners favored soyoil, which saw a 24% rise. Total edible oil imports grew 9.3% to 968,000 tons. Palm oil demand may stay low until July when prices become more competitive.
  • GST collection in March jumped nearly 10% to ₹1.96 lakh crore, boosting FY25’s total to ₹22.1 lakh crore. Strong compliance and economic stability drove growth, with April collections expected to rise further.
  • India’s manufacturing activity surged in March, with PMI hitting 58.1 – an eight-month high. Strong demand and new orders fueled growth, though exports slowed. Despite rising input costs, manufacturers kept price hikes in check, maintaining optimism for future expansion.
Market Highlights

PNB Housing Finance Ltd.PNB Housing Finance Ltd.₹917.05 +5.06%

PNB Housing Finance’s affordable housing loan book crossed ₹5,000 crore as of March 31, 2025. Retail loans grew ~18% YoY, pushing the total loan book past ₹75,000 crore.

Bharat Dynamics Ltd.Bharat Dynamics Ltd.₹1,293.55 +3.89%

Bharat Dynamics reported a record ₹3,300 crore turnover in FY25, up 40% YoY, with exports surging over 640% to ₹1,200 crore. It secured ₹6,668 crore in new orders, taking the order book to around ₹22,700 crore.

NBCC (India) Ltd.NBCC (India) Ltd.₹82.89 +1.57%

NBCC has secured two PMC contracts worth ₹215.63 crore—one for infrastructure development at Central University of Haryana and another for office construction at Western Regional Power Committee (WRPC), Mumbai.

MOIL Ltd.MOIL Ltd.₹331.70 +1.14%

MOIL posted its best-ever annual performance in FY25, with record manganese ore production at 18.02 lakh tonnes and sales at 15.87 lakh tonnes. Ferro manganese output rose 18% YoY MT, while exploratory drilling grew 22%.

Central Bank of IndiaCentral Bank of India₹36.86 -10.77%

Shares of Central Bank of India reached its 52-week low on April 2. It completed its ₹1,500 crore QIP last week. Similar declines were seen in other PSU banks that recently conducted QIPs.

Corporate Actions
StockEx-DateRecord DateEvent TypeEvent Details
United Spirits03 Apr 202503 Apr 2025Bonus issue1:1
DCM Shriram Industries04 Apr 202504 Apr 2025Interim Dividend₹ 2.00
KBC Global04 Apr 202504 Apr 2025Bonus issue1:1
Varun Beverages Ltd04 Apr 202504 Apr 2025Final Dividend₹ 0.5