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

Stocks, Stocks to Watch Today, 9th April 2025: The Indian equity market opened lower today on 9th April. Fear of escalating trade tension and RBI’s monetary policy announcement were attributed to red opening. The BSE Sensex opened down by 392.41 points or 0.53% to reach 73,834.67. The Nifty 50 dipped 75.55 points or 0.34% to reach 22,460.30 at the opening bell. 

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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