Waree Energies Soars 15%; World Bank Cuts India’s Growth Outlook & More
- Share.Market
- 8 min read
- 23 Apr 2025
Highlights:
Benchmark equity indices extended their winning streak to a seventh straight Benchmark equity indices extended their winning streak to a seventh straight session on Wednesday, driven by strong gains in IT stocks, while banking shares paused after recent gains. The Nifty 50 rose 0.67% and the BSE Sensex added 0.65%. Nifty IT topped the sectoral gains, soaring 4.34%, while Nifty Consumer Durables lagged, slipping 0.96% as the biggest loser.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty ITNIFTY IT | +4.34%+1473.60 | 35414.65 |
 Nifty AutoNIFTY AUTO | +2.38%+520.75 | 22424.45 |
 Nifty PharmaNIFTY PHARMA | +1.40%+300.90 | 21738.95 |
*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 1.04
Stocks In the News
Waaree Energies shares rallied after posting strong Q4 results, with revenue rising 36% year-on-year, reflecting robust business growth.
AU Small Finance Bank’s shares rallied due to strong Q4 FY25 results showing robust profit growth of 32% YoY.
HCL Technologies’ share price rose on strong Q4 FY25 results, with revenue at ₹30,246 crore, up 1.2% QoQ and 6.1% YoY, boosting investor confidence.
Sona BLW shares price jumped after key client Tesla gave positive updates on boosting production of a major model.
Havells India share price dipped on weak cooling product demand, cautious inflation outlook, and profit booking. Q4 showed revenue growth, but flat margins added to investor concerns.
India & The World
- The World Bank cut India’s FY26 growth forecast to 6.3%, citing global slowdown, policy uncertainty, and weakening prospects across South Asia due to rising global and domestic risks.
- The IMF lowered the U.S. growth forecast to 1.8% for 2025 and cut China’s to 4.0%, blaming tariffs and escalating trade tensions for the downgrade.
- Global markets rallied as Trump hinted at lower China tariffs and eased pressure on the Fed, lifting investor sentiment across Asia.
Back to Basics
What is an Anti-Dumping Duty?
When a foreign company sells products at a price lower than their market value or production cost, it’s called dumping.
The goal? To undercut local businesses, capture market share, and sometimes drive domestic competitors out.
To prevent this, governments impose an Anti-Dumping Duty (ADD) – a protective tax that raises the price of these cheap imports to fair levels.
It’s not about blocking trade – it’s about ensuring fair competition. India frequently uses ADD on imports like steel, chemicals, or electronics.
For investors, ADD can protect local industries, but it may also lead to higher input costs for sectors dependent on imports.
In short, anti-dumping duties safeguard domestic markets from unfair pricing, but they also remind us how global trade policies can directly impact company margins and stock performance.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Ami Organics | 25 Apr 2025 | 25 Apr 2025 | Stock Split | ₹10 to ₹5 |
| Muthoot Finance | 25 Apr 2025 | 25 Apr 2025 | Interim Dividend | ₹26.00 |
| Sanofi India | 25 Apr 2025 | 25 Apr 2025 | Final Dividend | ₹117.00 |
| HCL Technologies | 28 Apr 2025 | 28 Apr 2025 | Interim Dividend | ₹18.00 |
| Lloyds Engineering Works | 28 Apr 2025 | 28 Apr 2025 | Right Issue | ₹32 Per Equity Share |
