US Tariffs May Impact Stock Market Today; Several Stocks Including CSB Bank, Zomato, Swiggy, JSW Group, Coal India, and Ola Electric Expected to Fluctuate. Investors Urged to Remain Cautious.
Stocks to Watch: The domestic stock market may open with a slight dip or a flat trend on Wednesday, April 2nd. GIFT Nifty futures were trading at 23,313.5 at 7:42 AM, down 7 points from the previous Nifty futures close.
Meanwhile, the US government is implementing "reciprocal tariffs" starting today, which could increase volatility in global markets. Investors will be watching to see which sectors are affected and how this will impact the global economy. Let's look at some key stocks that might see action today.
CSB Bank: 24% YoY Growth in Deposits
Private sector bank CSB Bank reported total deposits of ₹36,861 crore in its Q4 business update, a 24% increase year-on-year.
Hi-Tech Pipes: Record 24% Sales Growth
The company registered its highest ever annual sales of 4,85,447 metric tons in FY25, a 24% increase compared to 3,91,147 metric tons in FY24.
JSW Group: ₹60,000 Crore Investment Planned
JSW Group will invest ₹60,000 crore for capacity expansion by FY26. ₹15,000 crore will be allocated to the electric vehicle (EV) business, with the remaining amount invested in the steel and energy sectors.
Swiggy: Notice for ₹158 Crore Tax Demand
Food delivery company Swiggy has received a notice for a ₹158 crore additional tax demand for the period between April 2021 and March 2022.
Zomato: 600 Employee Layoffs
Zomato has laid off 600 employees from its customer support department. This move aims to cut costs and improve efficiency.
Coal India: ₹10/Ton Increase in Coal Prices
State-owned Coal India has approved a ₹10 per ton increase in prices for both coking and non-coking coal, effective April 16th.
JSW Energy: Exceeds Capacity Target
JSW Energy's installed capacity has reached 10.9 gigawatts (GW), exceeding its FY25 target of 10 GW.
Godrej Properties: ₹2,000 Crore Worth of Homes Sold in Noida Project
Godrej Properties has sold 275 homes worth over ₹2,000 crore in its luxury project 'Godrej Riverine' in Noida Sector 44.
L&T Technology Services: €50 Million Deal
L&T Technology Services has secured a €50 million contract with a European automotive company focused on developing next-generation software platforms.
MTNL: Committee to be Formed for Asset Management
The government plans to form a committee to manage the Mumbai-based assets of MTNL and BSNL.
ICICI Bank: Decision to Sell 19% Stake
ICICI Bank has decided to exit ICICI Merchant Services Pvt. Ltd. (IMSPL) by selling its 19% stake.
NTPC: 4% Increase in Power Generation
NTPC group registered a 4% increase in power generation in FY25, reaching a total of 238.6 billion units (BU).
Ola Electric: 23,430 Scooter Sales in March
Ola Electric sold 23,430 electric scooters in March this year, reflecting b demand in both urban and rural markets.
