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Global Jitters, Local Grit: Markets Tumble, India Rallies on Resilient Earnings, Strategic Deals & Domestic Muscle

Unknown Apr 02, 2026 400 Views

Today's Market at 08:25am US Market (Futures) Nasdaq = -103.80 Dow Jones = -220.70 S&P 500 = -28.60 European (Futures) Ftse 100 = -2.20 &nb...

Today's Market at 08:25am

US Market (Futures)

Nasdaq = -103.80

Dow Jones = -220.70

S&P 500 = -28.60

European (Futures)

Ftse 100 = -2.20

Cac 40 = -11.60

Dax = +59.00

Asian

Nikkei 225 = -1491.50

ASX 200 = -101.10

Straits Times = -76.86

Hang Seng = -125.78

KOSPI = -29.55

Taiwan weighted = +243.51

Shanghai (SSE) = -5.58

Gift Nifty = 22935.50 (+448.50)

FII and DII Trading Activity for April 9, 2025 in the Cash market:

FIIs: Net Sell of ₹4,358.02 crore

DIIs: Net Buy of ₹3,097.24 crore

Corporate Results and Financial Updates:

TCS (Q4 QoQ):

Profit : Declined 1.3% to ₹12,224 crore

Revenue: Rose 0.8% to ₹64,479 crore

EBIT: Down 0.4% to ₹15,601 crore

Margins: Fell 30 bps to 24.2%

Dividend: ₹30/share interim dividend declared

Total Contract Value: $12.2 billion

TARC (Q4 & FY25 Provisional):

Annual Sales: Record ₹3,722 crore in FY25

Q4 Sales: ₹1,235 crore

Collections: ₹113 crore in Q4, ₹484 crore in FY25

Key Corporate Updates & News:

Bharti Hexacom: TCIL requested a fresh sale process of infrastructure business to Indus Towers; current proposal put on hold for transparency.

Infosys: Extended strategic collaboration with AIB (Ireland & UK) for app development, maintenance, AI tooling, and agile services.

Aurobindo Pharma: CuraTeQ Biologics completed Phase 1 PK/PD study of denosumab biosimilar BP16, targeting RANKL protein.

BHEL: Signed MoU with Nuovo Pignone (Italy) for compressor revamp in fertilizer sector; equal 50% business share.

Coromandel International: Strengthened partnership with Ma’aden (Saudi Arabia) to secure timely fertilizer supplies to India.

Bank of India: Cut RBLR by 25 bps to 8.85%, aligning with RBI’s repo rate cut to 6%.

Tata Steel Nederland: Announced transformation programme; ~1,600 job cuts expected; consultation process initiated.

Sanofi India: MD Rodolfo Hrosz resigns (April 30); appointed as Additional Non-Executive Director from May 1.

Greaves Cotton: Partnered with Chara Technologies to produce rare-earth-free electric motors at Aurangabad plant.

PNB: Revised RLLR from 9.10% to 8.85%, effective April 10; MCLR/base rate unchanged.

Axiscades Technologies: K P Mohanakrishnan named Deputy CEO, Muralikrishnan as COO (effective April 9).

GAIL (India): 97.6% of JHBDPL pipeline completed; 96.6% operational, transporting 12.26 MMSCMD gas.

Sun Pharma: US court vacated injunction on LEQSELVI (deuruxolitinib) launch; litigation with Incyte ongoing.

Biocon: USFDA approved Jobevne, biosimilar to Avastin (bevacizumab), for cancer treatment.

JSW Energy: JSW Neo Energy acquired O2 entities with 4.7 GW renewable energy portfolio.

Eternal (Zomato): Zomato Netherlands BV begins liquidation; non-material, no revenue impact.

Dishman Carbogen Amcis: Shanghai unit receives drug manufacturing license from China’s NMPA.

Federal Bank: Appointed Virat Sunil Diwanji as National Head – Consumer Banking.

NBCC (India): Sold 1,185 residential units worth ₹1,504.69 crore via e-auction; earns 1% marketing fee.

Bajaj Healthcare: Rohan Parekh appointed as CFO (effective April 16).

SRF: Commissioned agrochemical intermediate facility at Dahej, Gujarat for ₹235 crore.

Samvardhana Motherson: SMRP BV to implement €50 million/year cost optimization in Europe over 3 years.

IIFL Finance: NCD issue oversubscribed 4.75x; early closure set for April 11.

Nippon Life India AMC: Reported cyberattack on IT systems; mitigation and investigation underway.

Deals:

Bulk Deal – ATC Energies System

Nova Global sold 2.32 lakh shares @ ₹80.96/share

Block Deal – Northern Arc Capital

Ashish Dhawan bought 35 lakh shares (2.17% stake) @ ₹173.90/share from 360 ONE and Dvara Trust

Stock Trades Ex-Date for Rights:

Annvrridhhi Ventures

Stocks Trade Ex-Dividend:

CRISIL, Ashiana Housing

Stock Trades Ex-Date for Split:

Enbee Trade & Finance

Stocks in F&O ban:

Birlasoft, Hindustan Copper, Manappuram Finance, National Aluminium Company

Source: Investing.com, Moneycontrol, NSE India

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