March 20, 2025

Indian equity markets surged higher on March 20, with the Nifty 50 closing at 23,190.65 (+1.24%) and the Sensex settling at 76,348.06 (+1.19%). The rally was broad-based, driven by strength in IT, banking, and realty stocks.

Midcap and small-cap indices also posted gains, though at a slower pace than the benchmarks. The Nifty Midcap 150 rose 0.55%, while the Nifty Smallcap 250 climbed 0.78%.

Market volatility eased significantly, with the India VIX dropping 5.22% to 12.60, signaling improved investor confidence.

Sectoral Highlights

The rally was supported by strong performances in IT (+1.25%), Realty (+1.07%), and Banking (+0.72%).

📈 Top Performing Sectors:

✔️ Nifty IT: +1.25%

✔️ Nifty Realty: +1.07%

✔️ Nifty Bank: +0.72%

✔️ Nifty Financial Services: +0.70%

Top Gainers & Losers

🔼 Top Gainers:

• Rajesh Exports 💎: +18.12% (₹187.40)

• RHI Magnesita India 🔥: +10.55% (₹460.00)

• Shipping Corporation of India (SCI) 🚢: +9.77% (₹173.10)

🔽 Top Losers:

• KEI Industries ⚡: -12.59% (₹2,870.00)

• Polycab India 🔌: -6.19% (₹5,102.00)

• Vijaya Diagnostic Centre 🏥: -6.05% (₹1,052.00)

Key Corporate Updates

📌 Hyundai Motor India: Announced a 3% price hike on vehicles from April 2025 due to rising input costs.

📌 Wipro: Introduced agentic AI services to help countries develop and deploy AI solutions.

📌 Indian Overseas Bank: Approved issuing ₹10,000 crore worth of long-term infrastructure bonds.

📌 Avenue Supermarts: Invested ₹175 crore into its e-commerce arm, Avenue E-commerce.

📌 Can Fin Homes: CEO Apurav Agarwal resigned due to personal reasons.

📌 BMW Industries: Approved a ₹803 crore capital expenditure for a new steel complex in Jharkhand.

📌 Trent: Subsidiary Booker India acquired THPL Support Services from Trent Hypermarket for ₹166 crore.

🚨 Block Deals Reported in: Zomato, Adani Enterprises, and NTPC.

Top Volume Gainers of the Day

Heavy trading volumes were seen in certain stocks, indicating strong investor interest.

🔥 Today’s Top Volume Gainers

📈 Intrasoft Technologies Limited 🌐: Trading volume surged 17.28x above the two-week average, with the stock gaining 19.08% to ₹114.40.

📈 Eris Lifesciences Limited 💊: Recorded a 9.62x increase in trading volume, pushing the stock 6.37% higher to ₹1,426.15.

📉 KEI Industries Limited ⚡: Witnessed a 4.88x jump in volume, but the stock fell 12.75% to ₹2,864.50 after Adani’s entry into the cables and wires segment raised competition concerns.

Global Markets & Economic Calendar

Global Market Highlights

• US Markets: Ended higher as the Federal Reserve maintained its dovish stance on interest rates.

• European Stocks: Continued their rally amid strong auto sector demand.

• Asian Markets: China’s markets rebounded as tech and consumer sectors showed resilience.

Key Global Economic Events (March 21 – March 23, 2025)

Date Region Event

March 21 🇪🇺 Eurozone Consumer Confidence Data

March 21 🇮🇳 India Foreign Exchange Reserves

March 22 🇨🇳 China Loan Prime Rate Decision

March 22 🇺🇸 US S&P Global Manufacturing & Services PMI

March 23 🇯🇵 Japan Inflation Data Release

Market Outlook

The strong rally in Indian equities is backed by falling volatility, improved global sentiment, and continued buying in large-cap stocks. However, investors should stay watchful of external factors, such as US bond yields and upcoming economic data releases.

📺 For detailed technical analysis & insights, watch our latest YouTube video!

Stay informed, stay invested!

— Team Angeeras Securities