Stock Market Today: Indian Markets Rebound Sharply

Track top-performing stocks and key movements in the Stock Market

The Indian stock market opened higher on April 2, 2025, after suffering a sharp correction in the previous session. Strong buying in banking and IT stocks drove the rally. Investors turned cautious yet optimistic, closely tracking developments related to global tariffs and corporate earnings.

Benchmark Indices Trade in Green

The BSE Sensex rose 402.32 points (0.53%) to trade at 76,426.83 by mid-day. The Nifty 50 climbed 94.85 points (0.41%) to 23,260.55. Both indices bounced back after logging their steepest single-day losses in a month on April 1.

Sector Performance

Banking Sector Leads the Rally

Banks powered the market’s recovery. The Nifty Bank index jumped 0.81% to 51,240.30. ICICI Bank and HDFC Bank gained over 1.3% each. Investors bet on strong credit growth and stable asset quality, lifting sentiment in the financial space.

IT Stocks Recover

Information technology counters like Infosys, Wipro, and Tech Mahindra posted gains. The tech-heavy Nifty IT index rose as investors bought the dip following the previous session’s fall.

FMCG Stocks Mixed

Tata Consumer Products jumped nearly 6% after a major global brokerage upgraded the stock to “buy.” The brokerage cited strong growth potential and improved operating leverage. Meanwhile, Nestle India and Hindustan Unilever dropped following downgrades by another foreign firm that flagged near-term volume concerns.

Major Corporate Developments

Vodafone Idea Surges on Government Support

Vodafone Idea shares soared over 10%. The telecom firm received a major boost after the Indian government announced a plan to convert ₹36,950 crore of the company’s spectrum dues into equity. This move will increase the government’s stake to 48.99%, helping the debt-laden telco ease its financial stress.

Swiggy Faces Tax Hurdle

Swiggy received an income tax demand of ₹158.25 crore for the financial year 2021-22. The company plans to contest the order and explore legal options. The development triggered concerns about regulatory scrutiny on startups and new-age businesses.

Coal India Hikes Prices

Coal India raised prices for both coking and non-coking coal by ₹10 per tonne, effective April 16. However, the company’s March production fell 3.1% year-on-year. Analysts expect the price hike to support earnings in the coming quarters.

SEBI Proposes Derivative Expiry Changes

The Securities and Exchange Board of India (SEBI) issued a proposal to streamline derivatives contract expiries. SEBI wants all stock derivatives to expire only on Tuesdays or Thursdays. The regulator aims to reduce market volatility and simplify expiry-day trading. Market participants have until April 17 to submit feedback.

Economic Indicators and Market Sentiment

Foreign Flows Remain Robust

Foreign institutional investors continued pouring money into Indian government bonds. Their holdings crossed ₹3 trillion, reflecting confidence in India’s economic fundamentals. Expectations of a rate cut in the upcoming Reserve Bank of India (RBI) policy meeting on April 9 fueled further inflows.

Currency Market Stays Calm

The Indian rupee traded flat against the U.S. dollar. Traders ignored fears of global volatility from the anticipated tariff announcement by the U.S. administration. Dollar-rupee futures and hedging costs indicated limited panic in the forex market.

Commodities Watch

Gold Hits Record High

Gold prices in India touched a record ₹90,000 per 10 grams on April 1. Geopolitical tensions and inflationary concerns triggered safe-haven buying. Domestic investors shifted allocations toward gold, trimming equity exposure in the process.

Crude Oil Shows Mixed Trend

West Texas Intermediate (WTI) crude traded at $71.21 per barrel, up slightly by 0.02%. Brent crude slipped 0.02% to $74.48 per barrel. Investors tracked global supply concerns and Middle East tensions.

IPO Buzz

Strong Demand for SME Listings

ATC Energies debuted on the NSE SME platform, commanding a 3% premium over its issue price in the grey market. Shri Ahimsa Naturals also listed today with a 16% premium expected over its issue price of ₹119 per share. The strong interest in SME IPOs indicates bullish sentiment in smaller firms with growth potential.

BSE Maintains IPO Momentum

The Bombay Stock Exchange expects over 90 companies to list in 2025. These firms aim to raise nearly ₹1 trillion in combined capital. Despite recent corrections, primary market activity remains strong as promoters rush to capitalize on investor appetite.

Market Outlook

Analysts expect consolidation in the coming sessions. The Nifty 50 faces strong support at 23,000 and resistance at 23,400. Traders prefer a stock-specific approach, focusing on companies with solid earnings visibility and minimal global exposure.

Banking, auto, and consumer durables sectors show signs of leadership. Investors anticipate quarterly earnings reports to provide direction. Corporate guidance on rural demand, input costs, and export recovery will influence portfolio positioning.

Key Gainers and Losers

Final Word

The Indian stock market opened the second quarter of FY25 with cautious optimism. While investors cheered government support for struggling corporates and stable macro indicators, global headwinds kept risk appetite in check. Near-term market direction depends on global tariff decisions, RBI’s policy outcome, and earnings season cues.

With sector rotation and profit booking in play, disciplined stock selection and tight risk management remain key in navigating the current market landscape.