Market Pressure from Donald Trump's Tariff Decision; HDFC, Vedanta, SBI, DMart, UltraTech, Hindustan Zinc among Stocks to Watch. Investors should remain cautious.
Stocks to Watch: Following former US President Donald Trump's announcement of implementing 'reciprocal tariffs,' global stock markets witnessed weakness. This is likely to impact Indian stock markets as well. At 7:52 AM, GIFT Nifty futures were trading at 23,228, down 98.45 points.
Market Closed Lower in the Previous Session
On Wednesday, the BSE Sensex closed down 322.08 points at 76,295.36, and the NSE Nifty fell 82.25 points to close at 23,250.10.
Which Stocks to Focus on Today?
HDFC Bank:
According to Q4 updates, the bank's deposits increased by 14.1% year-on-year and 5.9% quarter-on-quarter to ₹27.15 lakh crore. Advances stood at ₹26.44 lakh crore, with a 5.4% year-on-year and 4% quarter-on-quarter growth.
RBL Bank:
The bank's total deposits reached ₹1,10,942 crore, showing a 7% year-on-year increase.
Avenue Supermarts (DMart):
Q4 standalone revenue was ₹14,462.39 crore, compared to ₹12,393.46 crore last year.
Vedanta:
Aluminium production in FY25 increased by 2% to 2,421 kilotons.
Jupiter Wagons:
The company has acquired land for a rail wheel and axle forging plant in Khurda district, Odisha.
SBI:
The bank has discontinued its popular special FD scheme 'Amrit Kalash,' offering 7.1% interest, effective April 1st.
UltraTech Cement:
The board has approved the acquisition of Wonder Wallcare, with a deal value of ₹235 crore.
Power Finance Corporation (PFC):
The company has provided a loan of ₹3,517 crore to CERL for the East Rail Corridor project.
Ola Electric:
The company has launched same-day registration and delivery services, potentially setting a new trend in the EV market.
Hindustan Zinc:
The company's mine metal production in Q4 was 3,10,000 tons, a 4% year-on-year increase.
Surya Roshni:
The company received an order worth ₹116.15 crore from GAIL India.
G R Infraprojects:
The company is entitled to a payment of ₹106.45 crore from the Bihar government, along with 12% annual interest.
