China Imposes 166% Tariff; India-UK FTA — Liquor and Auto Stocks Might Benefit
- Share.Market
- 9 min read
- 08 May 2025
Highlights
After trading largely flat, Nifty 50 and Sensex settled in the red amid escalations in India-Pakistan tensions. India neutralised Lahore’s Defence System.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty ITNIFTY IT | +0.23%+82.15 | 36002.45 |
 Nifty MediaNIFTY MEDIA | +0.20%+3.05 | 1527.05 |
 Nifty Private BankNIFTY PVT BANK | -0.10%-26.30 | 27157.50 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
*Prices shown may have delay up-to 15 minutes
INDIA VIX
Stocks In the News
SHRIPISTONShriram Pistons surged after its Q4 & FY25 results. The company reported a 15% y-o-y increase in revenue and 30.1% increase in PAT for Q4. For the full year FY25, the company reported a 14.9% increase in revenue and 17.5% increase in PAT
Niva Bupa shares surged after reporting strong FY25 results. PAT more than doubled YoY to ₹214 crore, while full-year gross written premium rose 32% to ₹7,407 crore.
SYMPHONYSymphony shares rose after the company posted its highest-ever revenue and profits for both Q4 and FY25. Annual revenue grew 36% to ₹1,576 crore, while March quarter revenue jumped 47% year-on-year. The company also reported record EBITDA and PAT for the full year and the quarter.
CANBKCanara Bank posted strong FY25 results with net profit up 33% YoY to ₹5,004 crore. Global business grew 11%, retail credit surged 43%, and asset quality improved.
UPLThe agrochemical manufacturer’s shares fell after China imposed an anti-dumping duty on imports of Cypermethrin from India. It has levied the highest — 166.2% anti-dumping duty — on UPL, followed by 62% each on Meghmani Organics, Bharat Rasayan and Heranba Industries.
India & The World
- The India-UK Free Trade Agreement is expected to slash tariffs, benefitting automakers and liquor companies. It will also increase bilateral trade, promote cooperation in financial technology and cross-border payments.
- The Competition Commission of India has announced regulations for determining the cost of production to effectively assess alleged predatory pricing and deep discounting practices, especially in the quick commerce and e-commerce segments.
- The Indian Rupee plunged to 85.7 per USD after escalating tensions with Pakistan drove investors to pivot toward assets outside of India
- The RBI is likely to transfer a record ₹3 lakh crore surplus to the government for the last fiscal, 50% higher than last year. This increase is due to strong forex gains and higher interest income, giving the government more fiscal space.
- The government has increased the price sugar mills must pay farmers for sugarcane by 4.41%, raising it to ₹355 per quintal for the next season. This will 50 million farmers and 500,000 sugar mill workers.
Back to Basics
Anti-Dumping Duty
An anti-dumping duty is a tariff that a government imposes on imports, if it believes that the exporting country is selling goods significantly below the fair market value. It is a tariff meant to protect domestic markets and businesses.
For example, a few years ago, India imposed an anti dumping duty on Chinese toys to protect its domestic toy industry from cheap imports being sold below fair market value.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Coforge | 09 May 2025 | 09 May 2025 | Interim Dividend | ₹19.00 |
| Bajaj Finance | 09 May 2025 | 09 May 2025 | Special Dividend | ₹12.00 |
| Anand Rathi Wealth | 09 May 2025 | 09 May 2025 | Final Dividend | ₹7.00 |
| Bank of Maharashtra | 09 May 2025 | 09 May 2025 | Final Dividend | ₹1.50 |
| Laurus Labs | 09 May 2025 | 09 May 2025 | Interim Dividend | ₹0.80 |
| UCO Bank | 09 May 2025 | 09 May 2025 | Final Dividend | ₹0.39 |
| Transformers and Rectifiers (India) | 09 May 2025 | 09 May 2025 | Final Dividend | ₹0.20 |
