POST-MARKET SUMMARY 19th March 2025

On March 19, Indian benchmark indices rallied for the third consecutive session. Despite mixed global cues, the indices opened with mild gains, and strong support from broader indices, along with buying across most sectors, helped drive the rally.

Except for IT and FMCG, all sectoral indices ended in the green, with Consumer Durables, Capital Goods, Realty, Oil & Gas, Media, Metal, Power, and PSU Bank rising 1-2.5%. 

 NIFTY: The index opened 40 points higher at 22,874 and made a high of 22,940 before closing at 22,907. Nifty has formed a small bullish candle with upper and lower shadows on the daily chart. Its immediate resistance level is now placed at 23,000 while its immediate support is at 22,800.

  BANK NIFTY: The index opened 61 points higher at 48,375 and closed at 49,702. Bank Nifty has formed a bullish candle on the daily chart. Its immediate resistance level is now placed around 50,000 while immediate support is around 49,450.  

Stocks in Spotlight

▪  NBCC: Stock surged over 4% after the state-owned firm sold 1,046 residential units in Noida for Rs 2,353 crore. The company will earn a marketing fee of 1% of the sale value.

▪  REC Ltd: Stock jumped 2% after the company declared a fourth interim dividend of Rs 3.6 for the ongoing financial year 2024-25.

▪  Transrail Lighting: Stock settled nearly 1% higher after the company secured new orders worth Rs 1,647 crore. These include significant T&D projects in the overseas market, involving EPC of transmission lines and substations.

Global News

▪  Asia-Pacific markets traded mixed on Wednesday, following declines on Wall Street as a sell-off in technology stocks picked up pace.

▪  European shares slipped on Wednesday, a day after strong gains following Germany's approval for a massive spending surge. The pan-European STOXX 600 was down 0.3% as of 0813 GMT, while Germany's blue-chip index fell 0.5%.

▪  US futures were mostly higher on Wednesday, with the S&P 500 up 0.1%, Nasdaq 100 contracts gaining about 0.3%, and Dow Jones futures hovering near the flatline as traders awaited the Fed’s decision later in the day.

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