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Market Updates - Angel One

Why is the Market Down Today?

Why is the Market Down Today?

4 April 2025

On Friday, April 4, 2025, the Indian stock markets fell sharply due to a global selloff sparked by renewed recession fears and sweeping tariff announcements by U.S. President Donald Trump. In morning trade, the Sensex dropped 836 points, or 1.09%, to 75,457, while the Nifty50 fell 304 points, or 1.3%, to 22,945. At 12:20 PM, BSE …

Mid-Day Top Gainers and Losers: HDFC Bank Rise, ONGC, Hindalco Falls on April 4, 2025

Mid-Day Top Gainers and Losers: HDFC Bank Rise, ONGC, Hindalco Falls on April 4, 2025

4 April 2025

On April 4, 2025, the NSE Nifty slipped by 260.85 points or 1.12% to 22,989.25 at 12:30 PM. Meanwhile, the BSE Sensex dropped 687.93 points or 0.90%, TO 75,607.43 amid sustained selling pressure. Mid-Day Top Gainers  Company Name Open (₹) High (₹) Low (₹) LTP (₹) % Change HDFCBANK 1,813.00 1,841.95 1,811.10 1,828.85 1.89% BAJFINANCE …

USD/INR: Dollar Erases Trump-Era Gains as Tariff Fears Rattle Global Markets

USD/INR: Dollar Erases Trump-Era Gains as Tariff Fears Rattle Global Markets

4 April 2025

The US dollar has shed all of its post-election gains from Donald Trump’s presidency, driven lower by investor fears that the latest wave of tariffs could derail global economic momentum. The US Dollar Index Futures for June 2025 traded at 101.590, down 0.20% intraday. Meanwhile, the Indian Rupee was at ₹85.15 at 11:50 AM on …

US Reciprocal Tariffs Unlikely to Hit Indian Auto Sector, Says SIAM

US Reciprocal Tariffs Unlikely to Hit Indian Auto Sector, Says SIAM

4 April 2025

The Indian automobile industry remains unaffected by the recent reciprocal tariff measures announced by the US. According to SIAM, autos are excluded from the new tariff list, and existing exports to the US are minimal. The industry had already been dealing with earlier imposed Section 232 tariffs. As a result, no major disruptions are expected …

India to Slash EV Import Tariffs Despite Carmakers’ Plea for Delay: Report

India to Slash EV Import Tariffs Despite Carmakers’ Plea for Delay: Report

3 April 2025

India is reportedly preparing to reduce import tariffs on electric vehicles (EVs) in a move that could reshape the automotive landscape. This comes amid growing pressure to finalise a bilateral trade agreement with the United States. According to a report by Reuters, the Indian government is inclined to prioritise this strategic partnership, even if it …

Maharashtra Introduces 15% Tax Rebate on New Vehicle Purchases with Voluntary Scrapping of Old Ones

Maharashtra Introduces 15% Tax Rebate on New Vehicle Purchases with Voluntary Scrapping of Old Ones

3 April 2025

In a significant move aimed at encouraging vehicle owners to phase out older, polluting vehicles, the Maharashtra cabinet has approved a new tax rebate scheme. According to an official statement from the Chief Minister’s Office (CMO), vehicle owners who voluntarily scrap their old vehicles at authorised facilities will be eligible for tax concessions of up …

After March Rally, Mutual Funds Sold Equities Worth ₹16,000 Crore in Just 6 Sessions

After March Rally, Mutual Funds Sold Equities Worth ₹16,000 Crore in Just 6 Sessions

3 April 2025

According to a recent news report, mutual funds offloaded equities worth over ₹16,000 crore between March 20 and 28, marking a significant shift in their investment stance. This selling spree is seen as a strategic move towards profit booking, following a sharp rally in the Indian equity markets during the first half of March. While …

Centre in ₹25,000 Crore Pension Bind: Legal Blow and New Law Collide Over Pre-2006 Retirees’ Dues

Centre in ₹25,000 Crore Pension Bind: Legal Blow and New Law Collide Over Pre-2006 Retirees’ Dues

3 April 2025

As the Centre grapples with long-pending legal disputes over pension disparities for pre-2006 retirees, a new amendment via the Finance Act 2025 aims to tilt the scales—but may not be enough to stop the bleeding. Flashback to the Disparity: The 2008 OM Fallout The core of the controversy traces back to an Office Memorandum (OM) …

How Much Does a Mercedes-Benz Cost After Union Budget 2025 Reduce Customs Duty on Imported Cars?

How Much Does a Mercedes-Benz Cost After Union Budget 2025 Reduce Customs Duty on Imported Cars?

3 April 2025

The Union Budget 2025 has introduced significant changes to the import duties on luxury vehicles. With a notable reduction in the Basic Customs Duty (BCD) for cars priced above $40,000 (approximately ₹35 lakh), premium brands like Mercedes-Benz are set to witness an impact on their pricing in India. But how much will this affect the …

RBI Slaps Bajaj Finance With Notice on Co-branded Cards

RBI Slaps Bajaj Finance With Notice on Co-branded Cards

3 April 2025

Bajaj Finance Ltd., one of India’s leading non-banking financial companies (NBFCs), has reportedly received a “letter of displeasure” from the Reserve Bank of India (RBI) regarding its co-branded credit card operations. The central bank has raised concerns over the company’s internal controls, risk management practices, and its role in co-branding arrangements with partner banks. RBI …

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