Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) remain closed on 10th April in observance of Shri Mahavir Jayanti. Normal trading operations across the BSE and NSE are scheduled to resume on Friday, 11th April.
After a strong recovery in the prior trading session, Indian equity markets came under renewed pressure on 9th April. Global market weakness led to widespread selling across most sectoral indices. Despite this volatility, investor sentiment is expected to improve as markets reopen on 11th April, potentially offering a stabilizing rebound.
Impact of Trump’s Tariff Decision
On April 9, U.S. President Donald Trump announced a 90-day ‘pause’ on reciprocal tariffs for all countries except China. The decision came as a relief to global investors and is likely to positively influence market sentiment, especially after recent turmoil.
The latest pause on tariffs is expected to ease investor concerns and contribute to market recovery upon reopening.
When trading resumes on 11th April, several sectors are likely to draw investor attention. Key segments to watch include Information Technology (IT), Auto Component Manufacturers, Metals, Real Estate, Fisheries, Solar EPC firms, Electronics Parts Manufacturers, and Textiles.
Tata Consultancy Services Limited
The company reported consolidated revenue from operations of Rs. 64,479 crores in Q4 FY25, reflecting a marginal growth of around 0.8% QoQ from Rs. 63,973 crores in Q3 FY25, and a 5.3% YoY increase from Rs. 61,237 crores in Q4 FY24.
During the same period, the net profit stood at Rs. 12,293 crores, marking a marginal decline of about 1.2% QoQ from Rs. 12,444 crores, and a 1.7% drop YoY from Rs. 12,502 crores.
Dixon Technologies (India) Limited
The company signed a memorandum of understanding (MoU) with the Government of Tamil Nadu for setting up a new manufacturing facility with an investment of Rs. 1,000 crores at Oragadam near Chennai, as per sources.
This facility at IndoSpace Industrial Park will employ nearly 5,000 people and will manufacture laptops and all-in-one personal computers.
Biocon Limited
The company’s arm, Biocon Biologics Ltd, secured US Food and Drug Administration (US FDA) approval for its Jobevne (bevacizumab-nwgd), a biosimilar of Bevacizumab for intravenous use.
JOBEVNE is an antibody used to treat several different types of cancer and is a biosimilar to the reference product Avastin (bevacizumab).
RITES Limited
The company entered into an MoU with Dubai-based DP World to explore potential opportunities for collaboration in the development of trade, logistics, and infrastructure projects.
The MoU aims to foster mutual collaboration by exploring joint opportunities in infrastructure development, including ports, multimodal logistics parks, free trade zones, rail connectivity projects, and logistics infrastructure services.
Coromandel International Limited
The company and Ma’aden have signed an MoU for the long-term supply of Di-Ammonium Phosphate (DAP) and NP/NPK fertilisers.
Ma’aden has been a supplier of ammonia for Coromandel, and the MoU aims to further strengthen their longstanding partnership by supplying essential fertilizers to support Indian agriculture.
Oriental Rail Infrastructure Limited
The company secured order worth Rs. 398.94 crores from ‘Rail Coach Factory (RCF), Kapurthala, Indian Railways, for the manufacturing and supplying of a) 26 Sets of Seats for LHB Non AC Chair Car Coaches (108 Seater), and b) 8 Sets of Seats for LHB 2nd AC Chair Car Coaches (78 Seater).
Olectra Greentech Limited
The company received a Letter of Award (LOA) worth ~424.01 crores from Himachal Road Transport Corporation (HRTC) for the supply and maintenance of 297 Electric Buses. These Buses shall be delivered over a period of 11 months from the date of LOA.
Greaves Cotton Limited
The company announced a partnership with Chara Technologies to manufacture synchronous reluctance motors and controllers with rare-earth-free motor technology.
As part of this collaboration, these motors and controllers will be exclusively manufactured by Greaves and assembled at its state-of-the-art facility in Shendra, Aurangabad, catering to both automotive and non-automotive applications, including L5 three-wheelers, golf carts, and four-wheelers.
Avalon Technologies Limited
The company’s Board has approved the proposal to acquire a 4.05% stake in Zepco Technologies Private Limited by investing through the subscription of equity shares and compulsorily convertible preference shares at Rs. 306.55 per security, inclusive of premium, with a face value of Rs. 10.
They plan to use Zepco’s technology and design expertise and Avalon’s experience to explore new opportunities, develop manufacturing capabilities, and build customer relationships.
Dishman Carbogen Amcis Limited
The company’s owned subsidiary, Carbogen Amcis (Shanghai) Co. Ltd., has received a drug manufacturing license from China’s National Medical Product Administration for its Shanghai site.
Shivalic Power Control Limited
The company has been awarded an order of LT Panels of Rs. 2.9 crores from Jindal Stainless Limited. The project is scheduled to be completed by June 2025.
Written by Shivani Singh
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