Sensex & Nifty Closing Updates, March 7, 2025: Sensex down by 0.01%, Nifty up by 0.03%

Market Close

BSE Sensex ended in the red, closing at 74,332.58, down by 0.01%, and the NSE Nifty50 closed in green at 22,552.50, up by 0.03%. The Nifty Bank also fell, closing 180 points, or 0.37%, down at 48,448.

Sectoral Performance: Nifty Media Breaks Free

Some sectors performed well in the course of the trading session. Nifty Media gained the most, rising 2%. Among the top gainers in this space in intraday trade were Zee Entertainment (up nearly 5 per cent), Saregama India, Network18, Den Networks and Hathway Cable & Datacom. But Nifty IT slipped 0.53% in initial trade led by Mphasis, LTIMindtree, Infosys, HCL Tech and Tech Mahindra.

Midcap and Smallcap indices moved in opposite directions

On a sectoral level, the BSE MidCap index was trading shady by 81.13 points or 0.20% at 39,928.17 in intraday trade. In contrast, the BSE SmallCap index (up 426.44 points or 0.94%, at 45,691.73) exhibited resistance.

Other Big Movers

Nestle India, Bharat Electronics, Bajaj Auto, and Adani Ports were among the other top gainers in the Nifty 50 in the later hours. Adani Ports topped the pack with a 1.11% gain, while L&T, Maruti and Bajaj Finserv took small arrows into the close. IndusInd Bank, NTPC, Shriram Finance, Infosys and Power Grid Corp were among major losers in Nifty 50 in the later hours, while early, Infosys was the biggest drag slipping 1.15% along with Zomato, Tech Mahindra, HCL Tech and TCS down. BEL share price was trading up 2% with recent wins of orders worth of another Rs 577 crore since 20 February 2025.

Worldwide Economic Drivers of the Market

The dollar index remained at 104 as investors awaited the monthly jobs report, after slipping earlier due to softer-than-expected labour market data and still-elevated trade tensions and policy uncertainties. Worries about the US economy and doubts about trade stability have weighed on the dollar. Trump’s suspension of tariffs on imports from Canada and Mexico tempers market jitters as trade tensions have risen. Oil prices have been largely stable but are headed for their biggest weekly decline since October amid confusion about US tariffs that are likely to dent global demand growth. Brent crude rose 0.19% to $69.59 per barrel, and U.S. West Texas Intermediate (WTI) added 0.08% at $66.44.

Mid-Day Top Gainers and Losers

Latest Update: The BSE Sensex was trading flat around 74,300 levels, indicating a slight increase to around 74,488.07, reflecting a marginal gain of about 0.20%. The NSE Nifty 50 was trading below 22,600, with some reports showing it at around 22,602.90, indicating a slight increase of about 0.26%.

Top Gainers

• Reliance Industries opened at ₹1,216.00 and closed at ₹1,251.70, registering a 3.48% gain, driven by strong investor confidence in its telecom and retail segments. 
• Bajaj Auto saw a 1.99% rise as its stock moved from ₹7,462.25 to ₹7,611.00, reflecting positive sentiment in the auto sector and strong sales performance. 
• Bharat Electronics Limited (BEL) gained 1.54%, opening at ₹275.80 and closing at ₹277.15, supported by demand in the defense and electronics industry. 
• Nestlé India witnessed a 1.27% increase, climbing from ₹2,201.00 to ₹2,229.00, as steady consumer demand and strong financials kept the stock in favor. 
• Adani Ports recorded a 1.20% rise, moving from ₹1,136.20 to ₹1,149.80, benefiting from port expansion projects and increased trade activity.

Top Losers

• IndusInd Bank was the biggest loser, opening at ₹971.00 and closing at ₹941.05, registering a 3.15% drop, likely due to profit booking or sectoral weakness. 
• Infosys also faced selling pressure, declining 2.09% from ₹1,703.10 to ₹1,680.05, possibly driven by concerns over IT sector performance. 
• NTPC saw a 1.86% dip, opening at ₹335.85 and closing at ₹331.60, reflecting broader market weakness in the power sector. 
• Shriram Finance lost 1.69%, as it dropped from ₹644.35 to ₹633.45, likely due to investor concerns over financial stocks. 
• Power Grid Corporation slipped 1.33%, moving from ₹266.00 to ₹263.10, amid bearish sentiment in the utilities sector. BPCL declined 1.18%, falling from ₹264.96 to ₹261.92, potentially due to volatility in crude oil prices. 
• HCL Technologies witnessed a 1.17% drop, closing at ₹1,566.85 from an opening price of ₹1,582.65, reflecting pressure in the IT sector. 
• Tech Mahindra also slipped 0.98%, moving from ₹1,501.95 to ₹1,488.35, as IT stocks remained under pressure. 

Market Open

Today, Friday, 7th March 2025, the Indian stock markets opened on a dull note, reflective of an insipid mood that was visible in most global markets as well. The muted start is mainly due to fears of possible economic slowdown in the United States as a result of President Donald Trump’s tariff policies. The BSE Sensex index fell by 0.38 percent to 74,059 early, while the Nifty50 index also declined by 0.34 percent to 22,468. In the broader markets, the Nifty MidCap index fell 0.41 per cent, and the Nifty SmallCap index dipped 0.07 per cent.

Factors Influencing Market Sentiment

• Dollar Index: On Friday, the dollar index held at 104 as investors awaited a key jobs report, despite an earlier dip driven by weak labor data, trade frictions, and policy uncertainty. The US dollar remains under pressure amid economic concerns and doubts about trade stability, further rattled by Trump's decision to delay tariffs on Mexican and Canadian automakers.
• Tariff Developments: President Trump recently suspended tariffs on imports from Canada and Mexico, easing market fears amid rising trade tensions. Initially set at up to 25% under NAFTA, these tariffs had sparked worries about significant economic disruption.
• Oil Prices: Oil prices were largely unchanged on Friday, though the week may mark their steepest decline since October. Uncertainty over US tariff policies has raised concerns about global demand even as major producers plan to increase output. Brent crude edged up by 0.19% to $69.59 per barrel, and WTI gained 0.08% to $66.44 per barrel, keeping the energy sector in focus.

Global Backdrop:

• US Dollar: The US Dollar Index (DXY), which gauges the dollar’s performance against a basket of six major foreign currencies, increased by 0.12% to 104.19 on Friday morning. This index helps assess the dollar's overall strength relative to other leading currencies. Meanwhile, the Indian rupee closed at 87.11 per dollar on March 6.
• Crude Oil: Crude oil prices experienced some ups and downs on Thursday but ultimately remained relatively steady. Concerns over potential US tariffs on goods from Canada and China exerted downward pressure, while OPEC’s plans to boost production further fueled market uncertainty. Brent crude inched up by 0.2% to $69.46 per barrel, and WTI saw a slight gain of 0.1%, settling at $66.36 per barrel.
• Gold Rates Today: For buyers considering larger quantities, the current prices are as follows: 10 grams of 24-carat gold is priced at Rs 87,480, 10 grams of 22-carat gold at Rs 80,190, and 10 grams of 18-carat gold at Rs 65,610.

Stocks in Focus:

• Tata Consultancy Services (TCS) deepens its collaboration with financial giant Northern Trust, as it introduces its BaNCS Global Securities Platform to 99 markets.
• The three insurance subsidiaries of Bajaj Finserv also had a good month in February 2023, with Bajaj Allianz General Insurance showing a gross direct premium collection of ₹1,219 crore and Bajaj Allianz Life Insurance achieving new business premiums of ₹1,080.33 crore.
• Kalpataru Projects International received new orders worth ₹2,306 crore, including international transmission and distribution projects and new building contracts in India. 
• PSP Projects Ltd won a ₹156.36 crore contract for electrification and infrastructure work of Sangli-Karmali for RVNL, while RITES secured a ₹27.96 crore contract for Surveying of high-speed rail corridor. 
• Power Grid Corporation of India was the winning bidder for an intra-state transmission system in Andhra Pradesh.
• Biocon Biologics partnered with the US-based Civica Inc. to provide affordable insulin in the United States.
• Laurus Labs said it will invest ₹833 crore in its joint venture with Slovenia’s KRKA Pharma, which, in turn, will invest ₹867 crore to set up a new manufacturing plant.
• Brigade Enterprises ( real estate developer ) commenced its premium residential project in Chennai, can generate revenues of ₹1,700 crore.

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