The Indian stock market faced a decline on April 3, 2025, following the announcement of new US tariffs on Indian imports. The Sensex fell 0.42%, closing at 76,295.36, and the Nifty 50 dropped 0.35%, settling at 23,250.10. Today, April 4, several stocks are in focus, including Vedanta, Mazagon Dock, HDFC Bank, and more.
Stocks to Watch:
Vedanta – The mining giant reported record production in aluminium and zinc, along with strong growth in other sectors, including iron ore and oil & gas sales.
Mazagon Dock – The government will divest up to 4.83% of its stake in Mazagon Dock Shipbuilders Limited through an Offer for Sale (OFS).
Avenue Supermarts – DMart’s parent company reported a 16.7% YoY increase in Q4 revenue, expanding its retail footprint to 415 stores.
HDFC Bank – HDFC Bank saw a 5.4% rise in gross advances and a 15.8% increase in average deposits for Q4 FY25.
Bajaj Finance – Bajaj Finance’s customer base grew to 101.82 million, and its assets under management surged 26% YoY.
Jio Financial – Jio Financial and BlackRock invested Rs 66.5 crore in their joint venture, Jio BlackRock Investment Advisers.
UltraTech Cement – UltraTech Cement is acquiring Wonder WallCare for Rs 235 crore to expand its portfolio in the wall care segment.
Nestle India – Nestle India began construction of its 10th factory in Khordha, Odisha, with an investment of Rs 900 crore.
RBL Bank – RBL Bank reported growth in deposits, reaching Rs 1.10 lakh crore, but the CASA ratio dipped slightly.
Paras Defence – Paras Defence signed an MoU with MicroCon Vision Ltd for exclusive supply of advanced drone camera technology in India.
Key Sectors to Watch:
Pharmaceutical stocks will continue to benefit from exemptions in the new tariffs. Companies like Dr. Reddy’s, Cipla, and Sun Pharma could see further gains. The IT sector may remain under pressure after a sharp decline on April 3, as concerns about US tech spending persist. The textile and auto sectors could also experience volatility due to the impact of the new tariffs.
