Indian share markets traded on a negative note throughout the trading session today and ended lower.

Benchmark indices ended in red, pressured by losses in heavyweight bank stocks and Maruti Suzuki amid US tariff concerns.

At the closing bell, the BSE Sensex stood lower by 203 points (down 0.3%).

Meanwhile, the NSE Nifty closed lower by 20 points (down 0.1%).

NTPC, Shriram Finance, and M&M were among the top gainers today.

Maruti, HDFC Bank, and Tech Mahindra, on the other hand, were among the top losers today.

The BSE MidCap index ended higher by 1.2%, while the BSE SmallCap index gained 1.3%.

Barring banking and finance, all sectoral indices ended on a positive note with stocks in the metal sector, power sector, and energy sector witnessing most of the buying.

Shares of Shree Cement, TCPL Packaging, and Narayana Hrudayalaya hit their respective 52-week highs today.

The rupee is trading at Rs 86.60 against the US dollar.

In commodity markets, gold prices are trading at Rs 86,469 per 10 grams today.
 

Tata Motors Amps Up EV Launch

Amid reports of Tesla's entry into India, the country's leading EV maker, Tata Motors, has rolled out special benefits for existing and new customers after crossing a major milestone.

After the company surpassed 2 lakh EV sales, to celebrate this achievement, it has introduced limited period offers, available for the next 45 days.

Tesla is reportedly set to make its India debut in April 2025, with plans to import cars from Germany, starting at Rs 21 lakh, according to media reports.

The Tata group owned Tata Motors currently offers five electric models in India with prices starting from Rs 7.99 lakh.

The company is currently the top electric vehicle seller with 61,496 units sold in 2024, compared to 60,100 in 2023.

However, the market share of Tata Motors has decreased from 73% to 62%.

At the Bharat Mobility Global Expo 2025, the company showcased its upcoming models, including the highly anticipated Harrier EV and the iconic Sierra EV.

Note that shares of Tata Motors have been beaten down in the current market selloff.

The company's stock price over the past year reached its highest point on 30 July 2024, at Rs 1,161.8.

During Q3FY25, the company reported an 22% YoY decrease in consolidated net profit, reaching Rs 55.8 bn, down from Rs 71.4 bn in the same period last year. This decline in net profit reflects challenges in both domestic and international markets.

Going ahead, the company is prioritising the EV market, planning to mainstream EVs with a broader portfolio and a strengthened ecosystem to capture significant market share.

As supply constraints ease and demand rises in the latter half of FY25, Tata Motors remains vigilant about global market conditions, especially in China and Europe.

By balancing growth initiatives with careful resource management, Tata Motors is positioned to address immediate challenges while setting the stage for sustained, long-term growth.
 

What About the Overall Auto Sector?

While Tata Motors looks set to recover with multiple growth levers in place, what about the overall auto sector?

Well, according to a recent report, the auto sector is now hoping that the upcoming wedding season and revival in government infrastructure projects will give a boost in sales, especially for the two-wheelers and entry-level cars.

The report also mentioned that weddings in India often lead to higher purchases of vehicles as gifts or for personal use, making this period crucial for automakers.

Another factor that could improve demand is a revival in government infrastructure projects. If such projects pick up pace, they could lead to higher income generation, particularly in rural areas.

It remains to be seen how the auto sector performs in Q4.
 

Hiranandani Eyes Massive Project in Pune

Moving on to latest developments from the realty sector, the Hiranandani Group has entered into a joint venture with Krisala Developers to develop an integrated township spread over 105-acre land parcel in Pune's Hinjewadi area.

This marks Hiranandani's foray into Pune's real estate market.

The entire project's investment will be Rs 20 bn and the revenue is estimated to be around Rs 70 bn.

The joint development's first phase spanned across 30 acres of land will hold development potential of over 3 million sq ft of real estate spaces. As part of a joint development deal, the investment in this phase is estimated at around Rs 5 bn, with a projected turnover of Rs 21 bn.

Note that the Indian real estate sector is witnessing a rising trend of joint development agreements as developers and landowners have been seeking capital-efficient growth strategies amid evolving market dynamics.

The surge is particularly visible in key property markets including Mumbai, Pune, Bengaluru, and Delhi-NCR, where high costs make such collaborations financially viable.

A report by the Confederation of Real Estate Developers' Association (CREDAI) also forecasts that the Indian real estate sector will reach a market size of US$ 1.3 trillion (tn) (13.8% of projected GDP) by FY34 and US$ 5.2 tn (17.5% of projected GDP) by 2047.

A staggering demand for 70 m new housing units is anticipated by 2030. The luxury real estate market in India is undergoing a transformation, with a projected CAGR of over 5% from 2023 to 2028.

The growing demand for high-end residential properties, characterised by luxurious living spaces, state-of-the-art amenities, and prime locations, aligns well with Hiranandani's product offerings.

It remains to be seen how the above developments pan out.

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