Just Dial jumps 11% after strong Q4 results; India’s forex reserves rise & more
- Share.Market
- 8 min read
- 21 Apr 2025
21 April 2025
Highlights
Indian markets extended their rally for a fifth straight session, with the Nifty 50 rising 1.15% and the BSE Sensex up 1.09%, driven by optimism around a potential U.S.-India trade deal and strong Q4 earnings from major private banks. Most sectors ended in the green – Nifty Energy surged 2.50%, while Nifty FMCG was the only laggard, down 0.96%.
Headline Indices
Sectors at a glance
*Prices shown may have delay up-to 15 minutes
What moved the market?
*Prices shown may have delay up-to 15 minutes
Put Call Ratio of Nifty 50 (expiry: 24th Apr) is 1.11
Stocks In the News
Just Dial shares jumped after strong Q4 results, with strong user growth and revenue boost helping the net profit to grow by 36.2%.
Vodafone Idea share surged after the Indian government on Monday officially raised its stake in Vodafone Idea to 48.99% from 22.60%.
The Ministry of New and Renewable Energy’s new draft rule to locally source wind turbine parts boosted Suzlon shares, as it supports more orders, local manufacturing, and investor confidence in the company’s future growth.
Tata Elxsi shares rose after a ₹75 dividend announcement, despite a drop in Q4 profit due to transportation sector challenges and global uncertainties.
India & The World
- India’s forex reserves rose by $1.5 billion to $677.84 billion as of April 11, 2025. The RBI continues to manage market volatility and support the rupee through timely interventions.
- U.S. Vice President JD Vance began a four-day India visit to boost economic ties and push forward trade deal talks amid U.S.-China tensions.
- China’s central bank kept lending rates unchanged for the sixth month, as GDP rose 5.4% in Q1 2025 amid trade uncertainty.
- The euro surged 1.5% to $1.15, its highest since Nov 2021, on Fed uncertainty, European Central Bank rate cut to 2.25%, and rising defense spending.
- The U.S. 10-year Treasury yield rose above 4.35% as investors exited U.S. assets amid concerns over Fed independence.
- China’s FDI fell 10.8% in Q1 2025 amid deflation fears, delayed stimulus, and U.S. tariff threats.
Back to Basics
Trade Deficit
A trade deficit happens when a country imports more than it exports, meaning it buys more from the world than it sells.
For India, this often happens because we import a lot of crude oil, electronics, and gold. A rising trade deficit can put pressure on the rupee, impact inflation, and signal rising global dependency.
But it’s not always bad, sometimes it reflects strong domestic demand.
The key? Watch what we’re importing and whether exports are growing fast enough to balance it.
A healthy trade mix supports a stable currency and a stronger economy.
IPO corner
SME IPO
| Company | Date | Issue Price | Minimum Investment |
| Tankup Engineers | Opens on April 23, 2025, & closes on April 25, 2025. | ₹133 to ₹140 per share | ₹1,33,000 |
Corporate Action
| Stocks | Ex-Date | Record Date | Event Type | Event Details |
| CIE Automotive India | 23 Apr 2025 | 23 Apr 2025 | Final Dividend | ₹7.00 |
| Elantas Beck India | 23 Apr 2025 | 23 Apr 2025 | Final Dividend | ₹7.50 |
| Schaeffler India | 23 Apr 2025 | 23 Apr 2025 | Final Dividend | ₹ 28.00 |
| Colab Platforms | 24 Apr 2025 | 24 Apr 2025 | Interim Dividend | ₹0.01 |
| Huhtamaki India | 24 Apr 2025 | 24 Apr 2025 | Final Dividend | ₹2.00 |
