March 19, 2025

Indian equity markets continued their positive momentum on March 19, with the Nifty 50 closing at 22,907.60 (+0.32%) and the Sensex settling at 75,449.05 (+0.20%). Midcap and small-cap stocks significantly outperformed, with the Nifty Midcap 150 surging 2.37% and the Nifty Smallcap 250 gaining 1.99%.

Market volatility remained steady, with the India VIX rising slightly to 13.30 (+0.66%), indicating moderate risk appetite among investors.

Sectoral Highlights

The broader market rally was fueled by strong gains in Realty (+2.80%), Banking (+0.79%), and Financial Services (+0.71%). However, the IT sector remained under pressure, declining 1.08% amid profit booking.

📈 Top Performing Sectors:

✔️ Nifty Realty: +2.80%

✔️ Nifty Bank: +0.79%

✔️ Nifty Financial Services: +0.71%

📉 Underperforming Sector:

❌ Nifty IT: -1.08%

Top Gainers & Losers

🔼 Top Gainers:

• Garden Reach Shipbuilders & Engineers (GRSE) 🚢: +20.00% (₹1,641.35)

• Tanla Platforms 📡: +18.09% (₹523.00)

• HBL Power Systems 🔋: +12.70% (₹471.95)

🔽 Top Losers:

• Mastek 📉: -5.41% (₹2,308.00)

• Craftsman Automation 🏭: -3.60% (₹4,735.00)

• Navin Fluorine 🧪: -3.38% (₹4,022.00)

Key Corporate Updates

📌 Bajaj Auto: Rajiv Bajaj has been reappointed as CEO for another five years.

📌 G R Infraprojects: Secured a government road project worth ₹4,263 crore, boosting future revenue prospects.

📌 LIC: The insurer is exploring entry into health insurance by acquiring a stake in an existing player.

📌 NTPC: Plans to raise ₹4,000 crore via bond issuance.

📌 Yes Bank: Received a ₹145 crore tax demand from Mumbai tax authorities.

📌 ESAF Small Finance Bank: Set to discuss a bond (NCD) issuance on March 21.

📌 Zydus Lifesciences: Received USFDA approval for Apalutamide tablets (prostate cancer drug).

📌 Nazara Technologies: Acquired a stake in Absolute Sports, strengthening its gaming and media portfolio.

📌 Westlife Foodworld: Leadership transition – Akshay Jatia replaces Amit Jatia as CEO.

🚨 Block Deals Reported in: RIL, Tech Mahindra, GRSE, and Phoenix Mills.

Global Markets & Economic Calendar

Global Market Highlights

• Wall Street: Ended mixed as investors awaited the US Fed interest rate decision.

• European Markets: Showed strength amid strong auto sector demand in Europe & the US.

• China: Gains in tech and consumer stocks supported the market.

Key Global Economic Events (March 20 – March 22, 2025)

Date Region Event

March 20 🇺🇸 US Initial Jobless Claims, Existing Home Sales

March 20 🇬🇧 UK Bank of England (BoE) Interest Rate Decision

March 21 🇪🇺 Eurozone Consumer Confidence Data

March 21 🇮🇳 India Foreign Exchange Reserves

March 22 🇨🇳 China Loan Prime Rate Decision

Market Outlook

With the US Federal Reserve’s interest rate decision due today, global markets remain cautious. India’s lower inflation and strong growth outlook continue to support equities, but investors should stay vigilant against global volatility.

📺 For a detailed technical analysis & market forecast, watch our latest YouTube video!

Stay informed, stay invested!

— Team Angeeras Securities