Today's Market Pulse: Global Trends, Corporate Moves, and Quarterly Updates

Today's Market at 08:15am 
 US Market (Futures) 
      Nasdaq = -17.90
      Dow Jones = -35.00
      S&P 500 = -5.20
 European (Futures) 
      Ftse 100 = +2.50
      Cac 40 = +2.10
      Dax = +19.10
 Asian 
      Nikkei 225 = -59.98
      ASX 200 = +16.30
      Straits Times = -22.13
      Hang Seng = +108.16
      KOSPI = -4.37
      Taiwan weighted = -40.78
      Shanghai (SSE) = +7.10
 Gift Nifty = 23328.00 (+42.00)

 FII and DII Trading Activity for April 1, 2025 in Cash market: 
FIIs: Net Sell of ₹5,901.63 crore
DIIs: Net Buy of ₹4322.58 crore

 Quarterly Earnings (Updates): 
 CSB Bank Q4 (Provisional Numbers YoY): 
- Total deposits grow 24.03% to Rs 36,861 crore Vs Rs 29,719 crore
- CASA increases 10.31% to Rs 8,918 crore Vs Rs 8,085 crore
- Gross advances jump 29.59% to Rs 31,843 crore Vs Rs 24,572 crore

 Hi-Tech Pipes Q4 (YoY): 
- The company has reported sales for Q4 FY25 of 1,16,032 MT, growing 8% compared to 1,07,721 MT in Q4 FY24, driven by sustained demand across infrastructure and construction sectors.

 Monthly Auto Sales: 
 Hyundai Motor India (March YoY): 
- Total monthly sales up 2.6% at 67,320 units
- Domestic sales stand at 51,820 units
- Exports stand at 15,500 units

 Tata Motors (March YoY): 
- Total sales grow 0.5% to 92,994 units Vs 92,559 units
- Domestic sales drop 0.35% to 90,500 units Vs 90,822 units
- Commercial vehicle sales decline 3% to 41,122 units Vs 42,262 units
- Passenger vehicle sales (including EV) increase 3% to 51,872 units Vs 50,297 units

 Key Corporate Developments: 

 Coal India – Approved a price hike of Rs 10/tonne for coal, effective April 16.
 RITES – Terminated consultancy agreement with UPSBCL due to interpretation issues.
 Zaggle Prepaid Ocean Services – Signed a one-year Master Services Agreement with Truecaller International LLP for Zaggle Save.
 Syngene International – Appointed Peter Bains as MD & CEO, effective April 1, subject to shareholder approval.
 Siemens – NCLT sanctioned the demerger of its energy business into Siemens Energy India.
 Tata Steel – Acquired 1.24 crore equity shares in IFQM, raising stake from 9.09% to 16.66%.
 Biocon – Board meeting on April 4 to consider fundraising via commercial papers.
 Vaibhav Global – Received draft assessment order from Income Tax Department proposing Rs 204.86 crore adjustments for AY 2022-23. No material impact expected.
 Hindustan Copper – MCP achieved record annual ore production of 27.25 lakh tonnes (103% of target) and processed 24.34 lakh tonnes in FY25.
 Tata Consumer Products – Received tax demand of Rs 262.08 crore for FY22; planning to appeal.
 MOIL – Increased manganese ore prices by 0.5%–3%, effective April 1.
 JSW Energy – Added 3.6 GW capacity in FY25, surpassing the 10 GW target, with 2.8 GW added in Q4.
 Quess Corp – Appointed Sushanth Pai as CFO, effective April 1, replacing Kamal Pal Hoda.
 Indian Bank – Venkatachalam Anand appointed as Chief Vigilance Officer, replacing Vishesh Kumar Srivastava.
 Pidilite Industries – Appointed Sudhanshu Vats as MD and Kavinder Singh as Joint MD, effective April 10.
 Jana Small Finance Bank – Sudhir Madhavan resigned as Head of Microfinance & Gold Loan Business; K S Raman to take over, effective May 1.
 SJVN – Completed Phase-I trial run of 241.77 MW for the Bikaner Solar Power Project, ready for COD on April 2.
 Maruti Suzuki – Produced 1,94,901 units in March 2025, up 16.9% YoY.
 Power Grid Corporation – Board to consider fundraising via NCDs on April 4; won bid for inter-state transmission project in Madhya Pradesh.
 Shriram Finance – RBI approved acquisition of 100% stake in SOIPL and appointment of Umesh Revankar & Parag Sharma as Directors.
 Polycab India – Received Rs 8.53 crore tax demand for FY23 due to expenditure disallowance.
 Godawari Power & Ispat– Temporarily suspended mining at Boria Tibu due to mining plan expiry; renewal expected in ~10 days.
 Sansera Engineering– Associate company MMRFIC signed MoU with IIT Madras for RISC-V based Secure SoC development.the 
NMDC – Iron ore production fell 27% to 3.55 MT in March 2025, while sales grew 6.3% to 4.21 MT.

 Bulk Deals: 
 Galaxy Surfactants: 
ICICI Prudential Mutual Fund has acquired 5.95 lakh shares in the company at an average price of Rs 2,092 per share, valued at Rs 124.47 crore.

 SME Listing on April 2: 
Shri Ahimsa Naturals, ATC Energies System

 Stocks Trade Ex-Dividend: 
RailTel Corporation of India, MSTC, ADC India Communications

 Stocks Trade Ex-Bonus: 
Ranjeet Mechatronics, Capital Trade Links

Source: Moneycontrol, Investing.com, NSE India