The stock market is buzzing with action today. Some companies are riding high on big deals and record profits, while others are facing fresh challenges. But the biggest shake-up? Donald Trump has kicked off his tariff agenda with sweeping trade barriers that could shake up global markets.
On April 2, Trump declared “Liberation Day,” unveiling a universal 10% import duty on all goods entering the US, along with steep reciprocal tariffs on 60 countries. Key trading partners like China, India, Japan, and the European Union face higher levies, putting sectors like automobiles, pharmaceuticals, electronics, IT, and jewellery in focus. Here’s a look at the top stocks in play today.
Market recap
The Indian stock market wrapped up the trading day on a strong note, with both the Sensex and Nifty closing higher on April 2. The Sensex jumped 592 points (0.78%) to settle at 76,617, while the Nifty climbed 166 points (0.72%) to end at 23,332.
Stocks to watch on April 3, 2025 Tariff impact on auto
Starting April 3, fully assembled cars exported to the US will face a hefty 25% tariff, with auto parts following suit from May 3. This sharp increase is expected to push up prices of imported vehicles, disrupt global supply chains, and more. For India, the impact could be massive, with auto exports to the US at risk.
Pharma, semiconductor stocks
While most sectors brace for impact, pharmaceutical and semiconductor industries have secured a temporary exemption from the latest round of tariffs.
HDFC Bank
HDFC Bank found itself in the spotlight after the Securities and Exchange Board of India (SEBI) issued an administrative warning for non-compliance with regulatory guidelines. The warning follows an inspection of the bank’s custody activities.
GPT Infraprojects
Construction and infrastructure firm GPT Infraprojects has secured an enhanced contract worth Rs 481.11 crore. The project involves building a major bridge over the Rupnarayan River and upgrading the Kolaghat Station on the Howrah-Kharagpur route.
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