Sensex & Nifty Closing Updates Today, March 4, 2025: Sensex faces further decline

As per the March 04, 2025 trading session, the Indian stock markets were on a rise, with a negative bias due to increasing tensions in global trade.

Market Close

The Sensex settled at 72,989.93, losing 96.01 points or 0.13%, while the Nifty 50 fell 36.65 points or 0.17% to 22,082.65. The BSE Sensex fell 157 points to 72,928, and the NSE Nifty was down 60 points to 22,058, earlier in the day. The market was impacted by worries about foreign institutional investor (FII) selling, new tariffs announced by the U.S. on Canada, Mexico and China, and geopolitical tensions between Russia and Ukraine.

Global Market Influences

Global markets took a hit from U.S. tariffs on China, Canada and Mexico, adding to the slide in Indian shares. These tariffs include a proposed 25 percent tariff on Canada and Mexico and an additional 20 percent tariff on China. The major stock indexes on Wall Street also closed sharply lower following President Trump’s tariff announcements. Asian markets followed suit, with Japan’s Nikkei plunging 1.2 percent amid U.S. tariff concerns and a soaring yen.

Economic Data and Insights

India's manufacturing PMI for February printed at a 14-month low of 56.3, showing weak momentum for new orders and production despite some improvement in consumption. 9MFY25 PAT growth for the Nifty-50, however, disappointed at 4%, prompting concern regarding FY26 earnings expectations. With mid-cap and small-cap price-to-earnings ratios at elevated levels above the Nifty-50, analysts advise caution, suggesting that investors accumulate high-quality stocks.

Rupee and Bond Market

The rupee declined 8 paise to 87.40 versus the US dollar. Indian government bond yields fell slightly, tracking a decline in U.S. Treasury yields, but were capped by higher-than-expected state debt supply.

Sectors in the Market & Movements of Specific Shares

• Mixed Sector Behaviour: 19 of 30 Sensex stocks ended in the red on March 4, 2025
• Advancers: SBI and Zomato stocks were trending in green, despite the market sentiment. Shares of SBI surged almost 3 per cent after Citi’s double upgrade to ‘buy’.
• Losers Bajaj Auto fell 5%. Nifty IT index slid more than 1%.
• COMMODITIES · Brent crude futures fell 2.3% to $70.97 a barrel. The gold prices fell as investors prepared for a wave of U.S. tariffs.
• RBL Bank: Shares fell by 3% after GST raided three of its offices in Maharashtra.
• ASK Automotive: Shares locked at a 5% upper circuit after signing a technical assistance agreement with Japan's Kyushu Yanagawa Seiki Co Ltd.
• Coffee Day Enterprises: Stock rose over 20% for the second straight day after the National Company Law Appellate Tribunal quashed insolvency proceedings against the company.
• Indian defence stocks surged on optimism of European military spending.

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