Sectoral Snapshot
Nifty PSU Bank Index opened higher by 0.31%. While, Nifty IT Index dropped 0.7%, mainly hurt by concerns over global demand and policy headwinds.
Global Developments: Trump Tariff Jitters
Global markets are on alert after a US Appeals Court reversed a previous ruling, reinstating reciprocal tariffs imposed during Donald Trump’s presidency. The Biden administration is reportedly considering seeking an emergency stay from the US Supreme Court. The news reignited trade tensions, adding a layer of uncertainty for export-oriented sectors globally.
Stocks in Focus
Bajaj Auto: Shares fell nearly 2% after a 10.4% YoY drop in Q4FY25 net profit to ₹1,802 crore, despite an 8% rise in revenue to ₹12,204 crore.
Ola Electric Mobility: Shares plunged over 5% after reporting a widening loss of ₹870 crore, and a 59.5% YoY drop in revenue to ₹611 crore for Q4FY25.
Suzlon Energy: Stock jumped 11% after the company posted a multi-fold jump in profit to ₹1,180.98 crore, with revenues surging 73% YoY to ₹3,773.54 crore.
Market Outlook
According to market watchers, investor sentiment remains subdued as investors await final corporate results for Q4FY25, India’s GDP data for the March quarter, and any updates on US tariff policy and its global trade implications.
Volatility may remain elevated in the near term, especially with global macroeconomic uncertainty and sector-specific earnings surprises continuing to influence sentiment, they say.
Disclaimer: This report is for informational purposes only and does not constitute investment advice. Please use your own market intelligence or consult your financial advisor before making any investment decisions.