GIFT Nifty Indicates a Negative Opening; HAL Signs Rs. 62,700 crore Deal

BENGALURU, India - April 1, 2025 - PRLog -- Buy Watchlist

Bharti Airtel, Divis Laboratories, Blue Star, Aavas Financiers, Supriya Lifescience and view more.

Key News & Earnings Updates

Hindustan Aeronautics signs ₹62,700 crore deal for 156 helicopters; FY25 revenue at ₹30,400 crore.

Vodafone Idea to issue ₹36,950 crore equity to the government at ₹10 per share.

ITC to acquire Century Pulp and Paper for ₹3,500 crore, subject to approvals.

Vedanta extends demerger deadline to September 30, 2025, due to pending approvals from NCLT and government authorities.

Ncc secures ₹5,773 crore in new orders across multiple divisions.

Adani Energy Solutions Ltd fully acquires Mahan Transmission, expanding its energy business.

The Nifty 50 gained for the second consecutive week, rising by 0.72%. The index started the week with a gap-up opening above its 100-day moving average (100-DMA) but faced resistance around the 50-week moving average (50-WMA), leading to profit booking on Tuesday and Wednesday. However, on Thursday, the index posted a decent gain, supported by strong performances in the BFSI, Energy, and Realty sectors. On the monthly chart, the index recorded a gain of approximately 6.20% in March, forming a strong bullish candle after five consecutive months of correction. Additionally, the index managed to close above both the 100-DMA and the crucial 23,500 level.

Top gainers in the Nifty 50 were led by Bajaj Finserv (+8.67%), Grasim Industries (+5.74%), Ultratech cement (+4.85%), Kotak Mahindra Bank (+4.43%), and Tata Consumer Products  (+4.23%), among others.

Among the sectoral indices Nifty Financial Services (+2.06%), Bank (+1.92%), FMCG (+1.14%) and IT (+0.50%) gained the most. On the flip side Nifty Media (-4.68%), Pharma (-2.26%), Auto (-2.12%), Consumer Durable (-1.65%), Realty (-1.33%) and Metal (-1.21%) lost the most.

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