📈 Markets Rebound as Nifty Tops 23,300; Strong PMI Data Lifts Sentiments 🚀

📰Daily Market Wrap-Up by Stock Whisperers-April 02

Author

thestock whisperers
April 02, 2025

02-April-2025

📈 Market Overview:

Summary of the Day's Market Performance

Market Overview

  • The Sensex rose 592.93 points (+0.78%) to close at 76,617.44 in a positive session.

  • The Nifty gained 166.65 points (+0.72%) to 23,332.35, recovering from yesterday’s dip.

  • Midcap and Smallcap indices each rose nearly 1%, reflecting broad-based gains.

  • All sectoral indices ended in the green, with FMCG, Consumer Durables, and Realty up 1-3%.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): Sold ₹1,538.88 crore

  • Domestic Institutional Investors (DII): Bought ₹2,808.83 crore

DII buying outpaced FII selling, driving the day’s gains amid renewed optimism.

📊📑 Important Observations and Market Sentiments: Editor Special

  • Markets shrugged off mixed global cues on US tariffs (announced today), buoyed by hopes of minimal impact on India due to positive US-India trade talks.

  • India’s manufacturing PMI hit an 8-month high of 57.6 in March (final), signaling a Q4FY25 earnings recovery and boosting sentiment.

  • Trump’s tariff reveal (25% on autos, plus others) didn’t derail gains, as investors focused on domestic resilience and trade negotiation progress.

  • Focus now shifts to tomorrow’s US jobs data and Thursday’s RBI policy meet, with rate cut hopes alive (CPI at 3.75% in Feb).

❓ DO YOU KNOW?

India’s manufacturing PMI at 57.6 in March—the highest since July 2024—marks a 1.3-point jump from February, driven by strong output and new orders.

📰Stock News:

Key Stock Movements and News

  • Top Gainers: Tata Consumer, Zomato, Titan Company, IndusInd Bank, and Maruti Suzuki

  • Top Losers: Bharat Electronics, UltraTech Cement, Nestle India, Power Grid Corp, and L&T

  • Bharat Electronics tanked 5% after missing FY25 order inflow guidance, with turnover at ₹23,000 crore (16% YoY growth) vs. ₹25,000 crore projected.

  • Paytm gained by partnering with the Hyderabad municipality to deploy 400+ digital payment devices for property tax collection.

  • TVS Motor rallied 3% as FY25 sales hit a record high, with EV sales up 77% in March (26,935 units).

  • Tata Consumer jumped 8% after Goldman Sachs upgraded it to ‘Buy’ with a ₹1,200 target.

  • Waaree Energies dropped 4% as Macquarie flagged a 16% further downside.

  • Adani Ports rose 2% after logging its highest-ever monthly cargo in March 2025.

  • Godrej Properties gained 5% on selling 275 luxury flats in Noida for ₹2,000 crore.

  • Apollo Global kicked off Tenneco’s India IPO, eyeing a $2.5 billion valuation, post its $7.1 billion acquisition in 2022.

Your Weekly Stock Markets Rundown: Markets End FY24-25 on a High, But Caution Looms Ahead of US Tariff Announcements

March 31 - April 4, 2025

The Indian market closed FY24-25 positively, with the Nifty 50 and BSE Sensex posting gains, driven by FII buying and rate cut hopes. However, caution prevails ahead of the US tariff announcements on April 2, which could escalate global trade tensions. The truncated week starting April 1 will likely see consolidation with a positive bias, though early corrections may occur due to tariff uncertainties. Key data points like US job numbers, PMI releases, and India’s auto sales will shape sentiment, while investors also look to the upcoming RBI policy meeting and Q4 earnings. Gold remains a safe-haven bet amid global uncertainties, and banking stocks may continue to attract attention.

👀Stocks to Focus:

  1. Tata Consumer: Brokerage upgrade could sustain momentum.

  2. Bharat Electronics: Missed guidance may cap recovery.

  3. TVS Motor: Strong sales growth signals upside.

📝Summary:

Indian markets rose 0.7%, shrugging off tariff concerns as positive US-India trade talks and a robust manufacturing PMI (57.6) fueled optimism. All sectors gained, with FMCG and realty leading despite FII selling. With US jobs data and RBI’s policy meeting ahead, domestic resilience holds—earnings recovery will be key.

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Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.