Despite a revenue dip, profitability bounced back—Nifty 50 and Nifty 500 hit their highest PAT growth in multiple quarters! Earnings resilience continues as operating profits rise.
Follow the link to know more: https://t.co/Af6nMIAAFW#NSE #NSEIndia #StockMarket #Nifty50… pic.twitter.com/5ycUgzpTQD— NSE India (@NSEIndia) March 10, 2025
The Sensex surged 350 points, pushing the Nifty above the 22,650 mark, driven primarily by gains in FMCG and energy shares. Despite rising volatility, indicated by a 3% increase in the VIX, the market maintained a broadly positive stance. Benchmark indices Nifty and Sensex opened the session on a positive note amid ongoing uncertainty over tariff negotiations and geopolitical tensions.
#MarketAlert | All sectoral indices are trading in red except Nifty FMCG#Nifty #stockmarketsindia #StockMarkets pic.twitter.com/BSl81tehPF
— ET NOW (@ETNOWlive) March 10, 2025
Last week, the Nifty extended its winning streak to three sessions, while the Sensex experienced a slight dip, marking its largest gain in three months. Asian markets opened lower, with the MSCI Asia ex-Japan index down 0.4%, as China’s consumer price index marked its steepest decline in 13 months. This added to concerns about global economic growth amid a deteriorating U.S. economy and escalating trade tensions.
#MarketAlert | Nifty MidCap 100 by 1000 points off day's high.#Nifty #StockMarket #StockMarketIndia pic.twitter.com/mr6lsQ7xNe
— ET NOW (@ETNOWlive) March 10, 2025
Concurrently, U.S. stock futures slid ahead of a data-heavy week, with S&P 500 futures falling 0.8%, Nasdaq 100 futures dropping nearly 1%, and Dow Jones Industrial Average futures slipping 268 points, or 0.6%. As of 10 am, the Sensex was up 287.59 points or 0.39% at 74,620.17, and the Nifty had gained 89.75 points or 0.40% to reach 22,642.25. The market saw 1,530 shares advance, 1,814 shares decline, and 151 shares remain unchanged.
Sensex Today: Benchmark equity indices BSE Sensex and Nifty50 were flat at open on Monday#StockMarketIndia #Sensex #BusinessNews https://t.co/YvhpBjOYl6
— News18 (@CNNnews18) March 10, 2025
“The upcoming trading week will be a holiday-shortened one, with market participants closely monitoring global developments in the absence of major domestic events. Key factors to watch include updates on tariff negotiations, geopolitical tensions, and their impact on the U.S. dollar and crude oil prices,” said Ajit Mishra, Senior Vice President at Religare Broking. On the trading front, BEL, Sun Pharma, Bajaj Finance, Bharti Airtel, and Bajaj Finserv were the top gainers on the Nifty, while IndusInd Bank, Trent, M&M, Bajaj Auto, and L&T lagged.
Foreign Institutional Investors (FIIs) have slowed their selling in cash markets. However, any shift in their stance remains a crucial indicator for market direction.
Markets rally amid global uncertainties
On the macroeconomic front, the release of the Index of Industrial Production (IIP) and Consumer Price Index (CPI) inflation data will be closely tracked. Last week, FIIs offloaded shares worth Rs 2,035 crore while domestic institutional investors (DII) were net buyers of shares worth Rs 2,320 crore. In the broader market, midcap and smallcap indices underperformed, with the midcap 100 and smallcap 100 index falling by 0.1% and 0.4%, respectively.
Both indices are down 24% and 27% from their peaks, respectively, sparking caution among analysts who warn of potential further downside. Nifty Auto and Realty sectors were the top losers, dipping up to 0.6% in early trade. Nifty Energy, Infra, Oil and Gas, and Metal sectors were the notable gainers, rising between 0.4% and 0.8%.
Nifty Bank and PSU Bank sectors remained relatively unchanged. Among individual stock moves, Sun Pharma shares rose over 1% after announcing its acquisition of Nasdaq-listed Checkpoint Therapeutics, an immunotherapy and targeted oncology company, for an upfront cash payment of $4.10 per share, totaling up to $355 million. Conversely, shares of IndusInd Bank fell 5% to hit a 52-week low after multiple analyst downgrades and slashed price targets following the Reserve Bank of India’s approval of a one-year extension for CEO Sumant Kathpalia.
Tata Power stock saw a 2% rise after its subsidiary, Tata Power Renewable Energy, signed a Memorandum of Understanding (MoU) with the Government of Andhra Pradesh to develop up to 7,000 MW of renewable energy projects, involving an estimated investment of up to Rs 49,000 crore. Anand James, Chief Market Strategist at Geojit Financial Services, noted that markets are approaching the highs of late-February, followed by a decline. The 20-day moving average is within reach.
A candlestick pattern observed on Friday indicated potential uncertainty or a downturn. If the market declines, it could fall to 22,245. However, if it remains above 22,470 during upward movements or doesn’t close below 22,300 in the coming days, the 23,000 target remains achievable.
