Broader Market Strength Despite Volatility

Indian stock markets extended gains on Thursday, March 6, 2025, tracking positive global cues. The Sensex closed 611 points higher (+0.83%) at 74,340.09, while the Nifty 50 advanced 205 points (+0.92%) to settle at 22,539.25.

After a strong opening, the market faced resistance at higher levels, leading to some intraday volatility. However, sustained buying in heavyweight stocks, particularly in energy and metal sectors, helped the indices close in the green. Nifty Realty was the only sector to end in the red.

📊 Key Market Highlights

✔ Broader Indices Outperform

• Nifty Midcap: +0.37%

• Nifty Smallcap: +0.35%

• India VIX (Volatility Index): Up 0.4%, indicating a slight increase in market uncertainty

✔ Sectoral Performance

• Top Gainers: Nifty Oil & Gas, Nifty Metal, Nifty Energy

• Only Losing Sector: Nifty Realty

✔ Market Breadth Remains Positive

• Advancing stocks: 2,207

• Declining stocks: 716

• Block Deals: Infosys, Varun Beverages, Axis Bank

🔝 Stock Performers of the Day

Top Gainers

🔹 Chennai Petroleum Corporation Ltd. (CHENNPETRO) 🛢️

• +11.83% | ₹527

🔹 Godawari Power & Ispat Ltd. (GPIL) ⚡

• +11.29% | ₹182

🔹 Castrol India Ltd. (CASTROLIND) 🛢️

• +10.15% | ₹244.90

• Strong momentum amid speculation of a Saudi Aramco-BP deal in the lubricant business

🔹 Jyoti CNC Automation Ltd. (JYOTICNC) ⚙️

• +9.97% | ₹916.35

Top Losers

🔻 Kalyan Jewellers India Ltd. (KALYANKJIL) 💎

• -3.65% | ₹450

• Declined due to profit-booking after recent gains

🔻 Tech Mahindra (TECHM) 💻

• Among the biggest drags on Nifty 50

🔻 Trent Ltd. (TRENT) 👗

• Pulled lower due to selling pressure

🌍 Global Market Trends & Economic Developments

• U.S. Tariff Update: President Donald Trump eased restrictions on auto imports from Canada and Mexico, reducing trade tensions.

• Crude Oil Prices: Declined as Chinese stimulus measures and slowing demand weighed on prices, boosting sentiment in the energy and metal sectors.

• US Dollar Index at 104.15 – Supporting global equities

📢 Key Corporate Announcements

🔹 AstraZeneca Pharma: Received approval to import Sodium Zirconium Cyclosilicate for hyperkalaemia treatment in India.

🔹 RailTel Corporation: Secured ₹311 crore in orders from Odisha State Transport and BSF.

🔹 Route Mobile & Nokia: Partnered to enhance network API solutions for enterprise applications.

🔹 Zaggle & Tech Mahindra: Collaborated on spend management solutions via the Zatix dashboard with SBI Cards.

🔹 Dalmia Bharat: Subsidiary to acquire 34.52% stake in Kilavikulam Cement.

📅 Global Economic Calendar – Key Events to Watch

Date Event Region

March 7 China Trade Balance Data China

March 8 US Non-Farm Payroll Data & Unemployment Rate US

March 9 India’s Industrial Production Data India

📺 Watch our YouTube video for an in-depth analysis of market trends, key levels, and sectoral outlook.

Stay tuned with Angeeras Securities for expert insights and real-time market updates.