Indian stock markets witnessed a strong rally on Tuesday, April 15, 2025, driven by exemptions from reciprocal tariffs, which sparked a relief rally ahead of the Q4 earnings season. The BSE Sensex surged 1,577.63 points (2.10%) to close at 76,734.89, while the NSE Nifty50 jumped 500 points (2.19%) to settle at 23,328.55.
As markets gear up for Wednesday’s trading session, here are the key stocks and corporate developments that could influence market movements:
Corporate Actions Today
- Mazagon Dock Shipbuilders will trade ex-dividend today.
Quarterly Results to Watch
Companies set to announce their March 2025 quarter results today include:
- Wipro
- Angel One
- Reliance Industrial Infrastructure
- Waaree Renewable Technologies
- Swaraj Engines
- GTPL Hathway
Key Stock-Specific Updates
1. Tata Consultancy Services (TCS)
- The Andhra Pradesh government has allotted 21.16 acres of land in Visakhapatnam to TCS for a nominal price of 99 paisa.
- TCS plans to invest ₹1,370 crore in its Vizag unit, potentially creating 12,000 jobs.
2. IndusInd Bank
- An external agency report has identified discrepancies in the bank’s derivative deals, estimating a negative impact of ₹1,979 crore as of June 2024.
- The report suggests a 2.27% adverse impact on the bank’s net worth as of December 2024.
3. ICICI Prudential Life Insurance
- Net profit surged 122.3% YoY to ₹386.3 crore, while net premium income rose 10.7% YoY to ₹16,369.2 crore.
- The company declared a final dividend of ₹0.85 per share.
- Value of new business (VNB) grew 2.4% YoY to ₹795 crore, with VNB margins expanding to 22.5%.
4. Vedanta (Cairn Oil & Gas)
- Acquired 7 new blocks in the OALP Round IX auction, including 4 onshore and 3 shallow water blocks in Cambay, Saurashtra, and Mumbai basins.
- With this addition, Cairn’s portfolio now stands at 69 blocks across India.
Market Outlook
With strong gains in the previous session and key earnings announcements lined up, investor sentiment remains upbeat. Stocks like TCS, IndusInd Bank, ICICI Prudential, and Vedanta will be in focus amid these developments.
Stay tuned for further updates as the trading session unfolds!
