Share Market Weekly
- Share.Market
- 4 min read
- 04 Apr 2025
04th April 2025
Nifty 50 22,904.45 582.40 (-2.48%)
| Tuesday | – 1.34% |
| Wednesday | + 0.65% |
| Thursday | +0.38% |
| Friday | – 1.45% |
What moved the market?
6 sectors
| Nifty PSU Bank | +2.02% | Nifty IT | -10.25% |
| Nifty FMCG | +1.59% | Nifty Metal | -7.51% |
| Bank Nifty | +0.57% | Nifty Auto | -5.29% |
Markets this week
| Nifty Midcap 150 | 18,675.30 (- 2.26%) |
| Nifty Smallcap 250 | 14,780.50 (- 1.27%) |
| India VIX | 13.76 (+2.15%) |
Stocks in the Spotlight
Top Gainers
| Name of the company | Movement | Factors | ||||
| Momentum | Value | Quality | Low Vol | Sentiment | ||
| Vardhman Textiles | 🔼 19.25% | 2/5 | 4/5 | 3/5 | 5/5 | 3/5 |
| JSW Holdings | 🔼 18.66% | 5/5 | NA | 4/5 | 3/5 | NA |
Top Losers
| Name of the company | Movement | Factors | ||||
| Momentum | Value | Quality | Low Vol | Sentiment | ||
| Coforge | 🔻18.50% | 5/5 | 2/5 | 5/5 | 5/5 | 4/5 |
| Persistent Systems | 🔻18.28% | 5/5 | 2/5 | 5/5 | 5/5 | 4/5 |
Technical Analysis
Nifty 50
The Nifty 50 lost 2.61% this week, dropping 614.75 points to close at 22,904. The index has its next support level around the 22,700–22,500 range and resistance between 23,000 and 23,200.
Nifty Midcap 150
The Nifty Midcap 150 ended in the red this week, losing around 445 points to close at 18,675 on Friday. Looking ahead, strong support is seen in the 18,500–18,400 range, while resistance lies between 19,000 and 19,200, which could be tested in the coming sessions.
Nifty Smallcap 250
The Nifty Smallcap index fell by 2.15% this week, losing nearly 323 points to close at 14,780. The index has strong support at the 14,500–14,400 levels and faces immediate resistance at the 15,000–15,200 levels
Impact of US Reciprocal Tariffs on Indian Sectors
The U.S. has imposed a 26% reciprocal tariff on Indian exports, affecting $87.4 billion worth of trade. However, India faces lower tariffs than China, with a 34% tariff, Vietnam (46%), Bangladesh (37%), and Thailand with a 36% tariff, making it relatively better positioned. The impact on India’s GDP remains limited since bilateral goods trade with America constitutes only 3% of our GDP, but key export industries will face pressure. Steel, aluminum, and auto components are exempt since they already faced a 25% tariff under earlier trade actions.
Sector-wise Impact
Gems & Jewellery
India exports $11.88 billion worth of gemstones and jewellery to the U.S., accounting for 13% of total jewellery exports. The tariff will likely reduce demand, especially for loose diamonds and gold-studded jewellery, impacting exporters and manufacturers.
Electronics
India exported $14 billion worth of electronics to the U.S. in 2023-24, with the U.S. previously imposing only a 0.41% duty. The new tariff is a major increase, but since competitors like China and Vietnam face even higher tariffs, it positions India as a preferred alternative.
Agriculture & Seafood
India exports 6.04 billion worth of agricultural products to the U.S. The biggest impact will be on shrimp exports, with 40% of Indian shrimp going to the U.S.
Textiles
Indian apparel exports to the U.S. previously faced 12-14% tariffs, which will now experience an additional rise of 26%. However, with Bangladesh and Vietnam facing even higher tariffs, India may gain a competitive edge in the textile market.
Buzz
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