Tata Elxsi, Titan, and Sona BLW hit 52-week lows as Indian markets saw their sharpest single-day fall in a month. Tata stocks have lost ₹3.3 lakh crore in 2024, with TCS alone shedding ₹2 lakh crore. Analysts remain bearish on Tata Elxsi, while Titan faces near-term revenue pressure.
Indian shares went into a tailspin on Tuesday, starting the new financial year on a losing note. The equity indices are likely to maintain their cautious stance on April 2 in what is being dubbed as ‘Liberation Day’ by US President Donald Trump for rollout of reciprocal tariffs. With the new financial year underway, focus will remain on auto sales numbers, corporate developments, regulatory approvals, and key management changes. Additionally, movement in crude oil prices, bond yields, and institutional flows will influence market sentiment. Here are the top stocks likely to be in focus:
India has reduced tariffs on US imports, cutting duties on motorcycles, bourbon whiskey, Ethernet switches, synthetic flavouring essences, and fish hydrolysate since January. Additionally, the 6% Equalisation Levy has been abolished, addressing concerns raised by USTR about its impact on US companies operating in India.
Swiggy, in its regulatory filing with the BSE and NSE, stated that it strongly disagrees with the assessment and intends to challenge the order before the appropriate authority.
Gross GST collections in March 2025 rose 9.9% year-on-year to ₹1.96 lakh crore, driven by higher domestic and import revenues. Experts note the impact of year-end sales, economic activity in select states, and increased refunds. While consumption slowdown persists, GST growth signals economic resilience and strong tax compliance across industries.
Hindalco is ramping up investments, targeting a fourfold rise in recycling by FY30 while betting on aluminium demand growth. Novelis and India operations will drive its $5-billion expansion push. Shares of Hindalco closed at ₹664.30 on the BSE, down 2.65%, on Tuesday, April 1.
Post withdrawl of MFN status, Swiss companies are eligible for greater relief in their home country. This tax benefit, as per Minister of State for Finance Pankaj Chaudhary, could incentive further Swiss investments.
The purchases will be carried out in four tranches of ₹20,000 crore each on April 3, April 8, April 22, and April 29, 2025.
Sachin Jain, MD of World Gold Council, suggests that if Chinese pension funds allocate even 1% of their portfolios to gold, it could drive purchases of 600-700 tonne, providing a strong floor for prices.
Dabur India Ltd. has received a ₹110.33 crore income tax demand for FY 2017-18. The company plans to appeal the order, claiming the demand was miscalculated.
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