Sensex, Nifty set to open higher on strong global cues; IREDA, Lodha, Ashoka Buildcon, Ircon shares eyed

Indian share market is poised to open higher on Tuesday as Asian stocks and Wall Street witnessed back-to-back positive sessions amid hopes over the prospect of further exemptions on trade tariffs by the U.S. President Donald Trump’s administration. As per report, President Trump is exploring a pause in auto tariffs, but at the same time he plans to impose duty on semiconductor and pharmaceutical imports.

The positive trend in GIFT Nifty index also indicates a gap-up opening for domestic benchmark indices BSE Sensex and NSE Nifty50. AT 8:15 AM, the GIFT Nifty futures were up 264 points, or 1.13%, signaling a strong gap-up opening for Indian equities.  

On the macro front, wholesale price index (WPI) and consumer price index (CPI) trade data for March will be released today. Investors will also keep an eye on fourth quarter earnings reports as a total of 34 companies will release their results this week, starting with players such as Hathway Bhawani Cabletel & Datacom, Indian Renewable Energy Development Agency (IREDA), and ICICI Prudential Life Insurance Company on April 15.

On April 11 (Friday), the market witnessed strong buying, with the benchmark indices rising as much as 2% during the session as the U.S. decision to defer tariffs boosted sentiment and lifted fears of a global slowdown. The Sensex surged 1,310 points, 1.77%, to reclaim 75K mark, and the Nifty50 climbed 429 points, 1.92%, to close above 22,800 level.

U.S. stocks rise on tariff exemptions

In the overnight trade, Wall Street ended higher for the second straight session as sentiments were lifted after the President Trump’s administration exempted tariffs on smartphones, computers and various electronics imported from China. All three major indexes closed higher in a choppy trade, with the S&P 500 and Dow Jones Industrial Average adding 0.8% each, while the NASDAQ Composite rose 0.6% on Monday.

Japan leads Asian stocks rally on hopes of pause in auto tariffs

Asia-Pacific markets extended gaining streak on Tuesday with Japanese stocks leading the rally, after Wall Street soared overnight following the Trump’s exemption on certain imports. The sentiment was further lifted after President Trump said he is exploring a pause in auto tariffs, but at the same time he proposed to impose duty on semiconductor and pharmaceutical imports.

Japan’s Nikkei 225 rose over 1% and South Korea’s Kospi gained 0.8%, while Australia’s ASX 200 index closed 0.46% higher. Indonesia’s Jakarta Composite was the top performer in the region, with a 1.6% gain, followed by Taiwan’s Weighted stock index and Singapore’s Straits Times, which jumped 1.4% each. Hong Kong’s Hang Seng was trading flat with marginal gains, while China’s Shanghai Composite was trading 0.3% lower in early trade.

Stocks to watch

Q4 results:  ICICI Lombard General Insurance Company , ICICI Prudential Life Insurance Company, Indian Renewable Energy Development Agency (IREDA), GM Breweries, Bombay Wire Ropes, Delta Industrial Resources, Hathway Bhawani Cabletel & Datacom, MRP Agro, and Swastik Safe Deposit & Investments will unveil their March quarter earnings reports today.

Macrotech Developers : Lodha brothers Abhishek, Abhinandan have settled ₹5,000 crore title dispute.

Havells India : The company has proposed to invest ₹600 crore in Gujarat-based solar module and inverter manufacturer Goldi Solar.

Zydus Lifesciences : The pharma major has got final approval from the United States Food and Drug Administration (USFDA) to manufacture Jaythari (Deflazacort) tablets.

Ashoka Buildcon : The highway developer has emerged as the lowest bidder for a project worth ₹568.86 crore awarded by Central Railway.

Ircon International : The company has secured a work order worth ₹127.8 crore from S&T (Construction), North Western Railway.

Persistent Systems : The Mumbai branch of the National Company Law Tribunal (NCLT) has approved the merger of the company’s subsidiary, Capiot Software, into Persistent Systems.

Indian Hotels Company : The Tata group company has expanded its footprint by launching properties at 100 new locations, taking its total portfolio to 380 hotels.

Tata Power Company : The firm’s renewable energy arm, Tata Power Renewable Energy (TPREL), has inked a power purchase agreement (PPA) with NTPC to develop a 200 MW firm and dispatchable renewable energy (FDRE) project.

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