Nifty, Sensex Rally on Easing Tariff Pressures – Tuesday Market Report
Moneylife Digital Team 15 April 2025
On Tuesday, 3303 stocks advanced, 782 declined and 172 remained unchanged on Bombay Stock Exchange with advance decline ratio of 4.22 indicating a positive closing in the broader market. The trend of the major indices on Tuesday’s trading is given in the table below.
 
 
On NSE, 48 securities advanced and closed at a new 52-week high whereas 18 securities sank to close at their new 52-week lows.  In sectoral indices, all indices ended in green -- Nifty Auto, Nifty Metal and Nifty Media were among the biggest gainers.
 
India's infrastructure financing will shift towards domestic lenders as the weakening rupee inflates the servicing costs of dollar-denominated loans. The Indian Railway Finance Corporation (IRFC) (+3.35%) leading this trend, aiming to refinance up to Rs20,00 crore ($2.4 billion) in foreign loans for railway projects in several states. The rupee's 4% depreciation against the dollar since February has made existing dollar-denominated loans 8-9% more expensive annually for some infrastructure borrowers. Multilateral agencies, while offering competitive rates initially, often come with stringent conditions.
 
Dr Reddy's Laboratories (+4.09%) refuted media reports alleging a significant cost-cutting drive involving a 25% reduction in workforce costs and the departure of high-earning executives. The company issued a statement to stock exchanges clarifying that the information is "factually incorrect" and categorically denying the claims.
 
Havells India (+2.53%) announced an investment of Rs600 crore ($72 million) to acquire a minority stake, ranging from 8.90% to 9.24%, in Goldi Solar, an Indian solar module manufacturer. This move comes as part of Goldi Solar's larger fundraising efforts, aiming to garner up to Rs1,300 crore.
 
Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, secured a Rs4,500 crore order from NTPC Ltd to develop a 200 MW Firm and Dispatchable Renewable Energy (FDRE) project.
 
RateGain Travel Technologies (+2.10%) announced a partnership with US-based low-cost carrier, Sky Airline. Sky Airline will implement RateGain's AirGain, a sophisticated pricing intelligence platform. 
 
HCL Technologies (+2.59%) embedded Nvidia's AI Enterprise and Omniverse platforms into its GenAI offerings. This integration aims to expedite the adoption of artificial intelligence for businesses by optimizing software development and enhancing engineering productivity.
 
Zydus Lifesciences (+1.65%) received final approval from the United States Food and Drug Administration (USFDA) to manufacture and market Jaythari (Deflazacort) tablets in various strengths (6 mg, 18 mg, 30 mg, and 36 mg). This medication is a corticosteroid used for the treatment of Duchenne Muscular Dystrophy (DMD) in patients aged 5 years and older.
 
Transrail Lighting (+8.38%), an engineering, procurement, and construction (EPC) player in the transmission & distribution (T&D) sector received fresh domestic orders valued at Rs1,085 crore within its core T&D segment, which includes railways, poles, lighting, and civil infrastructure.
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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