Stock Market Today: Sensex Down 400 Pnts Amid RBI’s Repo Rate Cut; Check Future Outlook

Currently (10:42:43 IST), BSE Sensex is trading 393.37 points down, and Nifty 50 is trading 146.00 points down. RBI has already declared a repo rate cut by 25 basis points, which is now standing at 6.00%. Here are the key highlights to consider for the stock market today. 

Key Considerations for Stock Market Today

• US markets closed lower on 8th April 2025, with the Dow Jones Industrial Average down 320 points or 0.84% to reach 37,645.59, and the S&P 500 declined 1.57% to reach 4,982.77. 
• The Asian market experienced sharp downturns, with Japan’s Nikkei down by 3.66% and Taiwan falling more than 4%.
• The RBI Monetary Policy Committee declared a repo rate cut by 25 basis points today in response to easing inflation pressure. 
• The United States imposed a 104% tariff on Chinese imports after Beijing missed the deadline to lift its duties on US products. 

Sectorial Outlook in Stock Market Today

• Pharmaceutical: Nifty Pharma is currently trading down by 1.69% or 342.90 points to reach 20,030.10. This fall is followed by US President Donald Trump’s announcement of tariffs on pharmaceutical imports. 
• Information Technology: IT companies in India are highly reliant on US revenue. And NiftyIT is down by 2.91% or 966.70 points to reach 32,278.09.

Stocks to Watch Today

1. NTPC

NTPC has announced the successful commissioning of 90MW capacity from Dayapar Wind Energy Project Phase-1. This positive news would help NTPC gain the confidence of investors in the stock market today. 

2. BPCL

BPCL has signed a JV agreement with Sembcorp Green Hydrogen India for renewable energy & green hydrogen projects. It would help BPCL influence its green energy capacity to meet the energy requirements of consumers. 

3. HAL 

D K Sunil is appointed as the Chairman & MD of HAL with the approval of the Defence Ministry. The effective date is prescribed as 9th April 2025. HAL and investors is looking for the exemplary contribution of D K Sunil in the company’s decisions and management. 

4. NBCC

NBCC has bagged a project order of ₹210.90 crore from multiple clients. It would help to increase the overall revenue of the company. 

5. HDFC 

The HDFC Bank Board has approved including Sanjay D’Souza (Group Head, Emerging & Informal Micro Enterprises Group). Analysts are neutral on this news and HDFC share.

Investors are advised to monitor the market sentiments closely to make an informed investment decision. 

Also Read: Stocks to Watch Today: 9th April 2025: NTPC, BPCL, HAL, NBCC, & More!

Technical Levels to Consider

NIFTY 50

• Support: 22,347 / 22,201
• Resistance: 22,642 / 22,720

Bank Nifty

• Support: 50,295 / 50,120
• Resistance: 50,815 / 50,980

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