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I) Nifty: opened at 22508 and touched a high of 22633, then a low of 22464 and closed at 22552 with a total of +7 points in Positive.
II) Bank Nifty: opened at 48463 and touched a high of 48709, then a low of 48359, and closed at 48497 with a total of -130 points in Negative.
III) CNX Finance: opened at 23089 and touched a high of 23235, then a low of 23066, and closed at 23136, with a total of -26 points in Negative.
IV) Nifty Mid Select: open 11176 and touched a high of 11223, then a low of 11084 and closed at 11117, with a total of -72 points in Negative.
1. Inox Wind shares rose 12.5% to ₹172.27 after securing a 153 MW order from a major renewable energy developer. The project in Tamil Nadu includes the supply of 3 MW turbines and EPC services, positioning Inox Wind for growth in India's expanding wind sector.
On Friday, March 7, 2025, the Indian stock markets experienced a slight decline, largely driven by ongoing concerns over U.S. trade tariffs. These global economic factors influenced market performance, with investors remaining cautious about the potential impact of tariff-related uncertainties on Indian companies. As a result, both key Indian indices, Nifty 50 and BSE Sensex, ended the day lower.
The Nifty 50 decreased by 0.29%, settling at 22,481.75 points, while the BSE Sensex dropped by 0.32%, closing at 74,108.62 points. These declines reflected a broader market sentiment of caution, as uncertainties surrounding U.S. trade policies weighed on investor confidence. The market's negative tone was further fueled by expectations of upcoming U.S. labor market data and a speech from Federal Reserve Chair Jerome Powell, which added to global economic concerns.
Sector performance on March 7 also showed mixed results, reflecting the broader market volatility. The Information Technology (IT) sector saw a decline, with the IT index falling by 0.7%. This was largely attributed to the sensitivity of IT companies to U.S. trade tariffs, as they derive a significant portion of their revenue from the U.S. market. On the other hand, the Automobile sector performed relatively well, with the auto index rising by 0.4%. Analysts from CLSA suggested that the removal of import duties on U.S. cars would have little impact on Indian car manufacturers, which helped the sector remain resilient.
Amid the overall market downturn, some notable stocks showed significant movements. Bharat Electronics saw a rise of 2%, driven by the announcement of new orders worth ₹5.77 billion. In contrast, NTPC Ltd. faced a drop of 2.49%, with its shares underperforming its competitors and falling to ₹329.35. Meanwhile, the State Bank of India showed modest resilience, with its shares edging up by 0.11% to ₹732.75, outperforming the generally weak market sentiment. In a brighter spot, Reliance Industries Ltd. saw its shares climb by 3.18% to ₹1,249.10, standing out as one of the few stocks to perform well amidst the market uncertainty.
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