RBI will release ₹10 & ₹500 notes; HDFC Bank’s strong Q4 update & more
- Share.Market
- 9 min read
- 04 Apr 2025
04 April 2025
Highlights
Indian indices ended deep in the red, with the Nifty 50 down 1.49% and Sensex slipping 1.22%. While Trump’s 26% tariff on Indian imports made headlines, the real worry was its potential impact on global commodity prices. Nifty Financial Services stood out, gaining 0.20%. Emami emerged as the top gainer (+2.95%), while Hindustan Copper took the biggest hit, plunging 9.13%.
Headline Indices
Sectors at a Glance
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What moved the market?
*Prices shown may have delay up-to 15 minutes
Put Call Ratio of Nifty 50 (expiry: 09th Apr) is 0.6
Top News of the day
- India’s foreign exchange reserves rose by $6.6 billion to $665.4 billion as of March 28 – the highest in nearly five months. The rupee also strengthened 0.6% amid renewed foreign investment in equities.
- The Union Cabinet has cleared ₹6,839 crore for Vibrant Villages Programme-II, aimed at boosting infrastructure, education, tourism, and livelihoods in border villages across 15 States and UTs from 2024-25 to 2028-29.
- India’s GDP growth could dip 30–60 basis points in FY26 due to U.S. reciprocal tariffs on 60 nations, potentially slowing global trade. However, India’s low export dependence and sectoral opportunities may cushion the impact.
- The Cabinet approved four railway multitracking projects worth ₹18,658 crore across Maharashtra, Odisha, and Chhattisgarh to enhance travel ease and cut logistics costs by 2030-31.
- The RBI will soon release ₹10 and ₹500 notes in the Mahatma Gandhi (New) Series featuring the signature of the current Governor, Sanjay Malhotra. Existing notes will remain legal tender.
Market Highlights
HDFC Bank reported 15.8% YoY growth in average deposits and a 7.3% YoY rise in advances for Q4 FY25. Time deposits saw strong traction, while retail and rural loans led credit growth despite a dip in corporate lending.
Ujjivan Small Finance Bank posted results for the quarter ended 31st March 2025. Deposits rose 19.6% YoY to ₹37,617 crore; gross loan book grew 7.9% YoY to ₹32,122 crore. Affordable housing and MSME loans surged 48% and 45% YoY, respectively.
HUDCO’s board has approved a borrowing plan of up to ₹65,000 crore for FY26 and proposed increasing the overall borrowing limit to ₹2.5 lakh crore.
Mazagon Dock shares were in focus today. The government will sell up to 4.83% stake in Mazagon Dock via an offer for sale at a floor price of ₹2,525, aiming to meet the minimum public shareholding norm, to ensure that at least 25% of the company’s shares are held by the public.
Oil India shares fell after crude prices dropped sharply due to OPEC’s surprise decision to raise output by 411,000 barrels/day. As an upstream oil producer, Oil India’s margins are sensitive to falling crude prices.
Hindustan Copper Ltd., among other metal stocks tumbled up to 7% after Trump’s tariff announcement reignited global slowdown fears. According to media reports, copper prices slid nearly 4% on the London Metal Exchange, while concerns over potential dumping by China and weaker global demand weighed on investor sentiment.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Siemens | 07 Apr 2025 | 07 Apr 2025 | Spin Off | 1:1 |
