Market Recap: March 31st to April 4th, 2025
Riddhi Siddhi Share Brokers Weekly Wrap: Nifty Sinks as Tariff Shocks Rock Global Markets
Markets began the new financial year on a rough note. Nifty crashed -2.61% to end the week at 22,904, while Sensex lost -2.65% to close at 75,365, as global uncertainties took a severe toll on investor sentiment.
With President Donald Trump’s “Liberation Day” tariff announcement, the fear of a full-scale global trade war has ignited concerns of a potential global recession.
Key Triggers Behind the Market Fall – Riddhi Siddhi Share Brokers Insight
- Trump imposes steep tariffs:
- 54% on China
- 26% on India
- 24% on Japan
- 20% on EU
- Wall Street plunges to lowest levels since August 2024
- Russell 2000 enters bear-market territory, down 22% from November 2025 highs
- Nikkei 225 crashes 9%, Hang Seng slips 2.46%
- FIIs sell aggressively: Net outflows of ₹13,731 crore
- Crude Oil down 10.15% – biggest weekly drop in months
- S&P 500 and Nasdaq see sharp corrections
Some Relief – Riddhi Siddhi Share Brokers Positive Triggers
- India’s March GST collection surged 9.9% YoY to ₹1.96 lakh crore – 2nd highest monthly collection ever
- Hopes alive for RBI’s 25bps rate cut in the upcoming April 9th MPC meet
Technical Take – Riddhi Siddhi Share Brokers Market View
Despite oversold levels, Nifty continues its downtrend, trading well below its 200-DMA (24,077).
- Trend remains bearish as long as Nifty stays below 200-DMA
- Bank Nifty outperforms, declining only 0.22% and supported by rate cut hopes
Weekly Market Recap – Index Performance
| Index | LTP | Weekly % Change |
|---|---|---|
| Nifty | 22,904 | -2.61% |
| Sensex | 75,365 | -2.65% |
| Bank Nifty | 51,503 | -0.22% |
| Nifty Midcap | 14,239 | -2.19% |
| India VIX | 13.76 | +2.19% |
Global Markets:
- Dow: -7.86%
- Nasdaq: -9.37%
- Bovespa: -3.52%
Commodities & Currency:
- Crude Oil: $62.32 (-10.15%)
- Gold: ₹3,037 (-2.4%)
- Silver: ₹29.57 (-7.32%)
- USD/INR: 85.47 (-0.98%)
Riddhi Siddhi Share Brokers Sectoral Snapshot
Bullish Sectors:
- Nifty Media (+1.07%)
- Nifty FMCG (+0.45%)
- Nifty PSU Bank (+0.14%)
Bearish Sectors:
- Nifty IT (-9.16%)
- Nifty Metal (-7.43%)
- Nifty Oil & Gas (-3.92%)
- Nifty Energy (-3.73%)
- Nifty Pharma (-2.74%)
Stocks In News – Riddhi Siddhi Share Brokers Weekly Highlights
- Tejas Networks +11% – gains from BSNL’s 5G expansion deal
- Vodafone Idea +16% – equity conversion of spectrum dues by government
- Bharat Dynamics +4.4% – strong FY25 turnover growth
- IndusInd Bank +5% – loan transfers to shore up liquidity
- Tata Consumer +11.74% – leads Nifty gainers
- Apollo Hospitals +3.43%, Trent +2.59%, Zomato +2.06%
On the downside:
- Hindalco -13.47%
- HCL Tech -12.76%
- Tata Steel -9.67%
- TCS -9.64%
- Wipro -9.52%
Top Gainers – Nifty 50
- Tata Consumer: +11.74%
- Apollo Hospitals: +3.43%
- Trent: +2.59%
- Zomato: +2.06%
- Shree Cement: +1.82%
Top Losers – Nifty 50
- Hindalco: -13.47%
- HCL Tech: -12.76%
- Tata Steel: -9.67%
- TCS: -9.64%
- Wipro: -9.52%
Riddhi Siddhi Share Brokers Summary
While the market sell-off has been severe, some green shoots remain. Contrarians may see this as a buying opportunity, but caution is advised as technical indicators continue to flash red.
We recommend tracking RBI’s policy decision on April 9 and closely watching global developments related to the Trump tariffs.
Disclaimer – Riddhi Siddhi Share Brokers
The investments and trading ideas shared in this report are for informational and educational purposes only and should not be construed as investment advice. Stock market investments are subject to market risks. Please consult a certified financial advisor before making any investment decisions.
Riddhi Siddhi Share Brokers, registered with SEBI and certified by NISM, does not guarantee returns or performance. Investors must do their own due diligence based on individual financial goals and risk appetite.