POST-MARKET SUMMARY 17th March 2025

On March 17, markets kicked off the week on a strong note, with the Nifty closing higher despite weak market breadth. The benchmark indices opened on a positive note, supported by global cues, but faced profit-booking at higher levels.

 On the sectoral front, auto, bank, metal, power, and pharma rose 0.5-1.5%, while realty and media were down 0.5% each.

 NIFTY:  The index opened 44 points lower at 22,353 and made a high of 22,577 before closing at 22,508. Nifty has formed a bullish candle with a minor wick on the daily chart. Its immediate resistance level is now placed at 22,600 while its immediate support is at 22,440. 

  BANK NIFTY: The index opened 159 points higher at 48,219 and closed at 48,354. Bank Nifty has formed a bullish candle on the daily chart. Its immediate resistance level is now placed around 48,480 while immediate support is around 48,200.

Stocks in Spotlight

▪  SpiceJet: Stock spiked 6% intraday after the CEO and promoter committed Rs 294.09 crore through Spice Healthcare. The capital infusion, via the conversion of warrants into equity shares, will increase the promoter group's stake from 29.11% to 33.47%.

▪  Centum Electronics: Stock jumped over 4% after the company announced raising Rs 210 crore through its qualified institutional placement (QIP).

▪  KEC International: Stock surged close to 7% after securing Rs 1,267 crore in new orders across various business segments.

 Global News

 ▪  Asia-Pacific markets mostly climbed on Monday, with investors keeping a close watch on Chinese equities.

▪  European stocks began the week on a positive note, with the pan-European Stoxx 600 index up around 0.5% by 11:20 a.m. London time, as most sectors moved higher.

▪  The US dollar dropped to 103.6 on Monday, nearing a five-month low amid rising economic concerns and trade uncertainties in the US. 

This document has been issued by Liquide Solutions Private Limited for information purposes only and should not be construed as

i) an offer or recommendation to buy or sell securities, commodities, currencies or other investments referred to herein; or

ii) an offer to sell or a solicitation or an offer for the purchase of any of the baskets of Liquide Solutions; or

iii) investment research or investment advice. It does not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Investors should seek personal and independent advice regarding the appropriateness of investing in any of the funds, securities, other investment, or investment strategies that may have been discussed or referred to herein and should understand that the views regarding future prospects may or may not be realized. In no event shall Liquide Life Private Limited and/or its affiliates or any of their directors, trustees, officers and employees be liable for any direct, indirect, special, incidental or consequential damages arising out of the use of information/opinion herein.

With Liquide, you can explore stocks, trade securely in your own broker account, and receive expert-recommended trade setups. Stay updated with real-time tracking, market commentary, and AI-powered insights from LiMo, our intelligent bot. Whether you're a seasoned investor or a newbie, Liquide provides the tools you need to discover your next big investment opportunity. Download the app now from Google Play Store and Apple App Store to revolutionize your investment journey. Don't miss out on the chance to level up your investing game with Liquide.