April 1 marks the beginning of the brand-new financial year. The new fiscal year, FY 2025-2026, is upon us as we bid adieu to FY 2024-2025.
Markets In the New Fiscal Year
This new fiscal year comes at an interesting time, as global trade looks at a trying and testing time ahead of it, with US President Donald Trump's tariffs looming like a dark cloud.
When we come to the Indian indices, the marquee indices started Tuesday, April 1 on a cautious note.
While the end of the day's trade, the opening bell and trade so far have been slim. The benchmark Sensex index, at the time of writing, was trading in the red with losses of 237.68 points or about 0.31 per cent, taking the value to 77,177.24 points.
The Nifty Bank index made minor gains of 60.75 points or 0.12 per cent, taking the overall value of the index to 51,625.60. | File/ Representative image
Nifty was in green, while struggling with volatility amid minor gains. At the time of writing, the Nifty 50 index was trading with gains of 22.90 points or 0.10 per cent, taking the overall value to 23,542.25 points.
When we look at one of the most consequential sectoral indexes, the Nifty Bank index, the banking index was also trading in a similar guise.
The Nifty Bank index made minor gains of 60.75 points or 0.12 per cent, taking the overall value of the index to 51,625.60.
Gainers and Losers
When we look at the gainers and losers at the jitter junction on Dalal Street, as the BSE end, some of the major gainers included IndusInd Bank, Mahindra & Mahindra and Bharti Airtel.
The list of gainers also includes Zomato, Nestle Adani Ports and SBI.
When we look at the laggards at the bourse, major tech stocks, including Infosys, TCS, HCL Tech, Tech Mahindra were trading with losses of over 1 per cent. Banking shares like Axis Bank, HDFC Bank and Kotak Bank were also trading with cuts on Tuesday.
