📉 Market Performance – March 12, 2025

Indian equity markets closed marginally lower on Wednesday, weighed down by losses in IT stocks, while banking and financial stocks provided some support.

• Nifty 50: 22,470.50 (-0.12%)

• Sensex: 74,029.76 (-0.12%)

• Nifty Midcap 150: 18,014.25 (-0.51%)

• Nifty Smallcap 250: 14,193.65 (-0.27%)

• India VIX: 13.69 (-2.70%) [Volatility declined, indicating reduced market uncertainty.]

📊 Sectoral Highlights

• Gainers: Nifty Bank (+0.42%), Nifty Financial Services (+0.54%)

• Losers: Nifty IT (-2.91%), Nifty Realty (-1.65%)

The Nifty Bank index gained 202 points to close at 48,056, as banking stocks rallied from early trade, while IT stocks faced selling pressure due to concerns over a U.S. economic slowdown.

📌 Top Gainers & Losers

🔼 Top Gainers:

• Balrampur Chini Mills: ₹477.70 (+6.01%)

• BSE Ltd.: ₹4,014.40 (+5.37%)

• NLC India: ₹229.25 (+4.55%)

🔻 Top Losers:

• Indegene Ltd.: ₹522.55 (-9.52%)

• Firstsource Solutions: ₹306.80 (-7.41%)

• Bharti Hexacom: ₹1,357.40 (-6.36%)

📰 In the News

📌 SEBI Notice to Kaynes Technology India

SEBI issued a notice to Kaynes Technology’s MD Ramesh Kunhikannan for alleged financial data violations in Q4 FY23, which could impact insider trading regulations. The company is reviewing the issue and preparing a response.

📌 TCS Acquires Darshita Southern India Happy Homes

Tata Consultancy Services (TCS) has acquired land and a building for ₹2,250 crore, aiming to expand its delivery operations in South India.

📌 Rail Vikas Nigam (RVNL) Wins ₹554.64 Crore Project

RVNL secured a National Highways Authority of India (NHAI) contract to build a 6-lane access-controlled road to Visakhapatnam Port under the Hybrid Annuity Model.

📌 Tamilnad Mercantile Bank Faces ₹58.91 Crore Tax Demand

The Income Tax Department has raised a ₹58.91 crore tax demand for FY 2017-18, citing disallowances in financial statements. The bank intends to challenge the order.

📌 Godrej Agrovet to Fully Acquire Creamline Dairy Products

Godrej Agrovet will acquire the remaining 48.06% stake in Creamline Dairy Products for ₹930 crore, making it a fully owned subsidiary to expand its dairy business.

📈 Indian Economy: Growth & Industrial Output

📌 Moody’s Upgrades India’s Growth Outlook

• India’s GDP growth is projected to exceed 6.5% in FY26, up from 6.3% in FY25, driven by:

✅ Higher government capital expenditure (capex)

✅ Consumption boost from tax cuts and rate reductions

• Banking Sector Outlook:

✅ Asset quality may deteriorate slightly due to stress in retail, microfinance, and SME loans

✅ Profitability to remain adequate despite a marginal decline in net interest margins (NIMs)

📌 India’s Industrial Production Growth Accelerates

• Industrial Production (IIP) grew by 5.0% in January, up from 3.5% in December 2024.

• Manufacturing output surged 5.5%, while mining and power output saw slower growth.

🌍 Global Economic Calendar – Key Events This Week

Date Event Region

March 13 US Producer Price Index (PPI) USA

March 14 India Wholesale Price Index (WPI) India

March 15 Eurozone Inflation Report Eurozone

March 16 China Industrial Production China

For detailed technical analysis and market insights, watch our latest YouTube video.

💡 Conclusion

Indian markets ended slightly lower, led by IT sector weakness, while banking and financial stocks provided support. Global economic concerns, regulatory actions, and earnings reports will continue to shape market direction in the coming sessions.

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