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NBCC Bags Big Sales, Tata Steel Soars on Cost Cuts, Muthoot Slumps on RBI Gold Loan Norms
NBCC Bags Big Sales, Tata Steel Soars on Cost Cuts, Muthoot Slumps on RBI Gold Loan Norms
Written by - Fisdom Research
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April 11, 2025
2 minutes
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Market Snapshot
Bulls returned to Dalal Street on April 11 after a holiday break, with benchmark indices rising nearly 2 percent, supported by broad-based sectoral buying.
Market sentiment improved after US President Donald Trump announced a 90-day pause on reciprocal tariffs for all countries except China, though the 10 percent baseline tariffs will continue.
Despite temporary relief, tensions persisted as China announced retaliatory tariffs on US goods from April 12, taking the total effective rate to 125 percent, following the US’s 145 percent duty on Chinese imports.
Global markets remained cautious, as Wall Street ended lower on Thursday due to increasing concerns over the economic fallout of the ongoing US-led tariff war.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY METAL
4.1
NIFTY AUTO
2.0
NIFTY CONSUMER DURABLES
3.2
NIFTY MEDIA
1.7
NIFTY PHARMA
2.4
NIFTY PRIVATE BANK
1.5
NIFTY OIL & GAS
2.2
NIFTY HEALTHCARE INDEX
1.5
Top News
NBCC shares rose nearly 2 percent after the company announced successful e-auction sales of over 1,700 residential units in Greater Noida across two projects, with a combined value exceeding ₹2,650 crore.
Tata Steel surged nearly 6 percent after JPMorgan highlighted €500 million in potential cost savings from transformation plans at its Netherlands operations, which include cutting 1,600 jobs to improve efficiency and margins.
Muthoot Finance tumbled over 6 percent as investors reacted negatively to RBI’s draft guidelines on gold-backed loans, which propose stricter norms on LTV ratios and loan tenure, despite regulatory clarifications.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
HINDALCO
6.7
ASIANPAINT
-0.8
JSWSTEEL
5.0
APOLLOHOSP
-0.5
TATASTEEL
5.0
TCS
-0.3
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