Mazagon’s Dividend, Info Edge’s Growth, and China-Driven Metal Rally
Written by - Fisdom Research
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April 8, 2025
2 minutes
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Market Snapshot
Benchmark indices staged a sharp rebound on April 8, breaking a three-day losing streak as Nifty 50 closed above 22,500, supported by broad-based buying.
The rally was in sync with gains across Asian and European markets, lifting investor sentiment.
Investor wealth surged by over ₹7 lakh crore, with BSE market capitalization rising to ₹396 lakh crore from ₹390 lakh crore in the previous session.
Despite weak cues from Wall Street, which closed lower after the EU proposed counter-tariffs and Trump threatened further duties on China, Asian markets snapped their recent slump.
Markets are now eyeing the RBI Monetary Policy Committee (MPC) meeting on April 9, with expectations of a rate cut, as improved banking liquidity could support growth amid global tariff uncertainties.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
4.7
NIFTY OIL & GAS
2.2
NIFTY PSU BANK
2.6
NIFTY FMCG
2.0
NIFTY CONSUMER DURABLES
2.6
NIFTY PHARMA
1.9
NIFTY REALTY
2.5
NIFTY IT
1.8
Top News
Mazagon Dock Shipbuilders surged nearly 3% after announcing a second interim dividend of ₹3 per share for FY25, with a record date set for April 16 and payout by May 7.
Info Edge shares jumped over 4.5% as the company reported a 19% YoY rise in Q4FY25 standalone billings, driven by strong performance from its recruitment platform.
Meanwhile, the Nifty Metal index ended its three-day losing streak, with stocks like Adani Enterprises and JSW Steel gaining up to 6% on optimism around potential China stimulus measures.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
JIOFIN
5.6
POWERGRID
-0.1
SHRIRAMFIN
5.2
BEL
3.7
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,200
22,700
Bank Nifty
50,000
50,800
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