The stock market is on edge after the US President Donald Trump announced new tariffs on Indian imports. Some sectors are set to gain, while others may feel the heat. Pharma stocks look steady, IT is facing pressure, and export-driven industries could see big swings. Apart from this, the latest corporate moves, major investments, and regulatory updates across key industries will also drive market action today. Here’s a look at the stocks to watch today, April 4.
Market recap
Indian stock markets ended lower on April 3, 2025, as investor sentiment took a hit following the U.S. announcement of fresh tariffs on Indian imports. The Sensex slipped 0.42% to close at 76,295.36, while the Nifty 50 shed 0.35%, settling at 23,250.10.
Stocks to watch on April 4, 2025
Vedanta
Mining giant Vedanta reported record-high production in aluminium and zinc, along with strong growth in iron ore, steel, oil & gas, and power sales.
Mazagon Dock
The government is set to divest up to 4.83% stake in Mazagon Dock Shipbuilders Limited (MDL) through an Offer for Sale (OFS), the defence PSU announced on April 3. The sale includes a base offer of 2.83% (1.14 crore shares), with an option to sell an additional 2% (80.67 lakh shares) under the green shoe provision.
Avenue Supermarts
DMart’s parent company posted a 16.7% YoY increase in standalone revenue for Q4 FY25, reaching Rs 14,462 crore. The company also expanded its retail footprint to 415 stores.
HDFC Bank
HDFC Bank saw a 5.4% rise in gross advances, reaching Rs 26.43 lakh crore in Q4 FY25. Average deposits jumped 15.8% to Rs 25.28 lakh crore, while period-end deposits surged 14.1% to Rs 27.14 lakh crore. CASA deposits also saw a 5.7% uptick, touching Rs 8.29 lakh crore.
Bajaj Finance
Bajaj Finance’s customer base expanded to 101.82 million by March 2025, up from 83.64 million a year ago. The company booked 10.7 million new loans in Q4, marking a 36% increase. Its assets under management surged 26% YoY to Rs 4.17 lakh crore.
Jio Financial
Jio Financial and BlackRock have infused Rs 66.5 crore into their joint venture, Jio BlackRock Investment Advisers. Each partner subscribed to 6.65 crore shares at Rs 10 each, taking the total capital invested in the venture to Rs 84.5 crore.
UltraTech Cement
UltraTech Cement is acquiring Wonder WallCare for up to Rs 235 crore. The deal, expected to close in 90 days, expands UltraTech’s portfolio in the fast-growing wall care segment.
Nestle India
Nestle India has begun construction on its tenth factory, located in Khordha, Odisha. With an initial investment of Rs 900 crore, the facility will produce prepared dishes and cooking aids.
RBL Bank
RBL Bank reported 7% YoY and 4% QoQ growth in total deposits, reaching Rs 1.10 lakh crore. CASA deposits rose 4% YoY and 8% QoQ to Rs 37,884 crore, though the CASA ratio dipped slightly to 34.1% from 35.2% last year.
Jupiter Wagons
Jupiter Wagons’ subsidiary JTRF has acquired land in Khordha, Odisha, to establish India’s first private-sector Railwheel and axle forging plant.
Paras Defence
Paras Defence has signed an MoU with MicroCon Vision Ltd (Israel), part of Controp and Rafael Group. Under this deal, Paras Defence will be the exclusive supplier of advanced drone camera technology in India.
Fortis Healthcare
Fortis Healthcare’s subsidiary International Hospital Ltd (IHL) has received an income tax demand of Rs 76.19 crore for FY19. The company is assessing legal options, but it has assured investors that this will not impact its financials.
Key sectors to watch
Indian stock markets will closely track the impact of US tariffs on key sectors on April 4. Pharmaceutical stocks are expected to remain in focus after rallying on April 3, as the sector benefited from an exemption in the newly announced tariffs. Companies like Dr. Reddy’s, Cipla, and Sun Pharma saw strong gains in the previous session and could extend their upward trend.
On the other hand, the IT sector may continue to face pressure after tumbling over 4% on April 3. Concerns over a potential slowdown in US tech spending weighed on stocks like Infosys, TCS, and Wipro. Textile, gems, and jewellery stocks could also remain volatile, as higher US tariffs threaten exports. The auto sector will be watched closely for any further reactions to trade policy changes.
In the previous session, the Nifty Pharma index surged 5%, while the Nifty IT index suffered its worst single-day loss in two years