Market Snapshot – March 3, 2025

Indian equity markets ended the day with marginal fluctuations, as key indices struggled to hold gains amid global uncertainty and selective buying in sectors like metals and real estate. While the broader market showed a mixed trend, investor sentiment remained cautious.

📊 Market Performance

• BSE Sensex closed at 73,085.94, down 0.15%

• NSE Nifty50 ended at 22,119.30, down 0.02%

• Nifty Midcap 150 gained 0.16% to 17,778.55

• Nifty Smallcap 250 declined 0.64% to 13,755.90

• India VIX edged down 1.06% to 13.76, indicating moderate volatility

Market breadth was negative, with 879 stocks advancing and 2,071 stocks declining, reflecting continued cautious sentiment across sectors.

📈 Top Gainers & Losers

✔ Top Gainers:

• Narayana Hrudayalaya ₹1,615 (+11.84%)

• Welspun Living ₹116 (+9.31%)

• Tube Investments of India ₹2,650.95 (+7.67%)

❌ Top Losers:

• Angel One ₹1,978 (-8.81%)

• Kirloskar Brothers ₹1,469.30 (-7.95%)

• eClerx Services ₹2,614.95 (-7.73%)

📰 Key Market Developments

🔹 Sony Music Publishing renews its global deal with Tips Music, expanding to include YouTube (ex-India) for international publishing.

🔹 Tata Communications sells its entire stake in Tata Communications Payment Solutions.

🔹 Aurobindo Pharma acquires an 80% stake in Tergene Biotech for ₹10.76 crore.

🔹 Piramal Enterprises faces a ₹1,502 crore GST demand related to the pharma business slump sale.

🔹 Dalmia Bharat announces a ₹3,520 crore investment in Maharashtra and Karnataka for new clinker and grinding units.

📉 Sectoral Performance

Sectoral indices exhibited mixed trends, with some sectors gaining momentum while others faced pressure.

📈 Top Gaining Sectors:

• Nifty Metal (+1.18%)

• Nifty Realty (+1.26%)

• Nifty Consumer Durables (+0.88%)

📉 Top Losing Sectors:

• Nifty Media (-1.10%)

• Nifty Oil & Gas (-0.80%)

• Nifty PSU Bank (-0.37%)

🔍 Market Sentiment & Technical Insights

✔ Nifty Daily RSI at 22.40 suggests that markets are in an oversold zone, historically indicating a base formation period of 15 working days before a potential rebound.

✔ PCR at 0.77 signals weak sentiment, while India VIX at 13.76 reflects moderate volatility.

✔ Futures volume nearing 1 crore contracts, indicating strong market participation.

📺 Watch our YouTube video for a detailed technical analysis and upcoming market trends.

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