After opening the day on a positive note, Indian benchmark indices sustained their gains throughout the session and ended the day higher.

Benchmark Indian equity indices settled in positive territory on Wednesday, ahead of the reciprocal announcement by US President Donald Trump.

At the closing bell, the BSE Sensex closed higher by 593 points ( up 0.8%)

Meanwhile, the NSE Nifty closed points 166 higher ( up 0.7%)

Zomato, Titan Company, Maruti Suzuki among the top gainers today

Nestle, UltraTech Cement, and TCS, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  23,40,6, higher by 120 points at the time of writing.

The BSE MidCap index ended 1.4% higher, and the BSE SmallCap index ended 1 % higher.

All Sectoral indices were trading positive with stocks in reality sector and financial services sector witnessed buying.

The rupee is trading at Rs 85.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 90,889 per 10 grams.

Meanwhile, silver prices were trading 0.8% higher at Rs 1,00,339 per 1 kg.

Here are the three key factors driving the market's momentum:

#1 Positive Global Cues

Asian markets had mixed results, with Shanghai's market going up and Hong Kong's market going down. In the US, the main stock markets mostly went up. The S&P 500 rose 0.38%, the Nasdaq went up 0.9%, but the Dow Jones went down slightly by 0.03%.

#2 Value Buying

Recently, big companies' stocks have seen renewed interest from buyers. Top companies like HDFC Bank, Maruti Suzuki, and ICICI Bank were in focus. Market participants are now waiting for companies to announce their earnings and the Reserve Bank of India's decision on interest rates.

#3 Easing Volatility Index (VIX)

The India VIX measures market volatility. It dropped 0.89% to 13.66, indicating less worry. There's now less fear of big market swings.
 

Bharat Electronics shares drop sharply

In the news from industrial sector, Bharat Electronics Limited's (BEL) share price took a hit on 2 April 2025, dropping 6% to an intraday low of Rs 274.5 per share on the BSE. This decline came after the company failed to meet its revenue targets for the financial year 2025 (FY25).

BEL reported a turnover of around Rs 230 bn for the financial year 2025 (FY25), a 16% increase from the previous year's Rs 198.2 bn. The company's export sales also grew 14% to Rs 9.1 bn in FY25, up from Rs 7.9 bn in FY24.

BEL fell did not meet its target revenue of Rs 250 bn, getting only Rs 230 bn in turnover for FY25. The company secured significant orders worth Rs 187.2 bn during the year, including major defence projects like BMP II Upgrade, Ashwini Radar, and Multi-Function Radars, as well as non-defence projects. As of 1 April 2025, BEL's total order book stood at Rs 716.5 bn, with an export order book of Rs 30.5 bn.

BEL had a great third quarter of the financial year 2025. The company's profit increased by 52.5% to Rs 131.1 bn, up from Rs 85.9 bn in the same quarter of the previous year

The company's market valuation is approximately Rs 2,059.5 bn.

Paytm Shares Rise on Hyderabad Partnership

Moving on to the news from financial service sector, Paytm's parent company, one 97 Communications, saw its shares rise nearly 3% on Wednesday. This happened after Paytm partnered with the Greater Hyderabad Municipal Corporation to collect property taxes using card machines.

Paytm's card machines will make it easier for people to pay their property taxes in Hyderabad. These machines, installed at multiple collection centres and for door-to-door collection, allow payments through credit/debit cards and QR codes, it said in an exchange filing on Wednesday.

The machines are connected to the GHMC app, enabling officials to check pending dues, collect payments instantly, and generate an on-the-spot confirmation slip.

One97 Communications is an Indian firm which owns Paytm. It provides an online payments platform for sending money, bill payments, and shopping online or offline. The firm also offers commerce and cloud services such as ticketing and advertising. Besides this, it provides financial services such as loans, insurance, and wealth management through tie-ups with other financial firms.

Further Paytm Money has received approval from Sebi, to offer investment insights and research services.

The company's market capitalization is around Rs 511.9 billion (bn).
 

Muted March Sales Hit Hyundai Motor India

Moving on to the news from auto sector, Hyundai Motor India's share price dropped 1% to Rs 1,685 on 2 April 2025. This happened after the company reported a small 2.6% increase in sales for March 2025, selling 67,320 vehicles.

For the financial year 2025, Hyundai sold a total of 7,62,052 vehicles. This includes 5,98,666 vehicles sold in India and 1,63,386 vehicles exported to other countries. Hyundai remained the second-largest car maker in India and a key export hub for its parent company.

Hyundai's total sales dropped by 3% in February 2025, with 58,727 vehicles sold, compared to 60,501 vehicles in the same month last year.

Hyundai's profit dropped by 19% in the October-December 2024 quarter, with earnings falling to Rs 11.6 bn from Rs 14.3 bn in the same period last year. The company's total income decreased to Rs 168.9 bn, down from Rs 172.4 bn. Hyundai said the decline was due to lower demand and global tensions.

In the financial year 2025, SUVs made up 68.5% of Hyundai's sales in India. The CRETA was a top performer, with 52,898 units sold in the last quarter. Hyundai also achieved two big milestones: selling over 2.5 million SUVs and over 1.5 million CRETAs sincethey were launched.

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