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Post Session: Quick Review
Mar-07-2025

After witnessing a volatile trading session, Indian stock markets ended flat ahead of key macroeconomic data, i.e., inflation data and industrial production data, which are due on March 12. Indices made a cautious start amid uncertainty surrounding Trump’s tariffs, after he exempted certain goods under the USMCA (United States-Mexico-Canada Agreement). Some cautiousness came as Union Finance Minister Nirmala Sitharaman mentioned that the impact of the US tariffs will be felt by India and added that Union Minister Piyush Goyal is going to America to hold talks with the government there. During the last hour of trading, the indices traded near the neutral line as selling in Consumer Durables and Utilities counters dampened traders' sentiment.

Some of the important factors in today’s trade:

Foreign fund outflows weigh on sentiment: The Foreign institutional investors (FIIs) extended their selling on March 6 as they sold equities worth Rs 2377 crore.

Private capex unlikely to pick up despite high profitability: Domestic ratings agency Crisil said private sector capital expenditure is unlikely to pick up in a sustained way despite India Inc's profitability being near decadal high.

Crisil sees 6.5% GDP growth for FY2026: Traders took note of Crisil Intelligence in a report stated that India’s real gross domestic product (GDP) growth would be steady at 6.5 per cent in fiscal 2026 despite uncertainties stemming from geopolitical turns and trade-related issues led by US tariff actions.

Global front: European markets were trading in red, amid uncertainty surrounding Trump administration's trade policy as the U.S. President keeps changing his stance on tariffs on goods imported into US. Most of the Asian markets ended in red, saddled by the cautious amid escalating global trade tensions and inflation concerns.

The BSE Sensex ended at 74332.58, down by 7.51 points or 0.01% after trading in a range of 74038.03 and 74586.43. There were 11 stocks advancing against 19 stocks declining on the index. (Provisional)

The broader indices ended mixed; the BSE Mid cap index was down by 0.30%, while Small cap index up by 0.75%. (Provisional)

The top gaining sectoral indices on the BSE were Industrials up by 0.86%, Basic Materials up by 0.62%, Energy up by 0.59%, Capital Goods up by 0.47% and Metal up by 0.40%, while Consumer Durables down by 1.11%, Utilities down by 0.91%, IT down by 0.83%, Realty down by 0.75% and TECK down by 0.59% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Reliance Industries up by 3.01%, Tata Motors up by 1.28%, Nestle up by 0.92%, Ultratech Cement up by 0.77% and Adani Ports and Special Economic Zone up by 0.77%. On the flip side, Indusind Bank down by 3.71%, Zomato down by 3.64%, NTPC down by 2.29%, Infosys down by 1.62% and HCL Technologies down by 1.55% were the top losers. (Provisional)

Meanwhile, Federation of Automobile Dealers Associations (FADA) in its latest data has said that automobile retail sales across categories, including passenger vehicles and two-wheelers, witnessed a drop of 7 per cent in February 2025 amid declining demand. Overall retail sales in the domestic market stood at 18,99,196 units in February 2025, registering a dip of 7 per cent compared to 20,46,328 units in the year-ago period.  

According to the data, passenger vehicle retail sales declined 10 per cent year-on-year to 3,03,398 units in February 2025. Two-wheeler sales witnessed a drop of 6 per cent year-on-year in February 2025 at 13,53,280 units as compared to 14,44,674 units sold in February last year. Commercial vehicle retail sales dropped 9 per cent year-on-year to 82,763 units in February 2025. Tractor sales declined 14.5 per cent year-on-year to 65,574 units in February 2025.

On near term sales outlook, FADA stated that dealers remain cautiously optimistic for March. However, challenges remain, as five consecutive months of declining stock markets have dampened consumer confidence, with investors closing more SIPs rather than opening new ones and reduced discretionary spending driven by dented profitability. Despite this, the convergence of multiple festivals -- ranging from Holi and Gudi Padwa to the onset of Navratri -- and year-end depreciation benefits are expected to provide a much-needed boost to vehicle purchases.  

The CNX Nifty ended at 22552.50, up by 7.80 points or 0.03% after trading in a range of 22464.75 and 22633.80. There were 23 stocks advancing against 27 stocks declining on the index. (Provisional)

The top gainers on Nifty were Reliance Industries up by 3.32%, Nestle up by 1.69%, Bajaj Auto up by 1.51%, Bharat Electronics up by 1.48% and Hindalco up by 1.38%. On the flip side, Indusind Bank down by 3.60%, NTPC down by 2.47%, Shriram Finance down by 2.10%, Infosys down by 1.74% and HCL Technologies down by 1.73% were the top losers. (Provisional)

European markets were trading lower; Germany’s DAX lost 275.34 points or 1.18% to 23,144.14, France’s CAC fell 54.76 points or 0.67% to 8,142.91 and UK’s FTSE 100 decreased 33.94 points or 0.39% to 8,648.90.

Asian markets settled mostly down on Friday ahead of key US employment data due later in the day. Market sentiments weakened further by tracking Wall Street’s fall overnight and with worries that US President Donald Trump's trade tariffs will hurt domestic as well as global growth. Japan's Nikkei share average fell as technology shares tracked Wall Street declines, while Japanese currency yen extended gains for a third day against the dollar amid heightened uncertainty over US trade policies and hawkish signals from the BoJ. Chinese shares declined after data showed China's exports growth eased more than expected at the start of the year and imports logged an unexpected sharp decline amid mounting trade tensions. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,372.55

-8.55

-0.25

Hang Seng

24,231.30

-138.41

-0.57

Jakarta Composite

6,636.00

18.15

0.27

KLSE Composite

1,547.27

-11.64

-0.75

Nikkei 225

36,887.17

-817.76

-2.22

Straits Times

3,914.48

-2.58

-0.07

KOSPI Composite

2,563.48

-12.68

-0.49

Taiwan Weighted

22,576.07

-139.36

-0.62
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