POST-MARKET SUMMARY 20th March 2025

On March 20, Indian equity markets extended their winning streak for the fourth consecutive session, supported by positive global cues. This followed the US Federal Reserve's decision to hold the benchmark interest rate steady, signalling potential rate cuts later this year. Read more about it here.

 The Indian indices opened with a gap-up and continued to rise throughout the session. All sectoral indices closed in the green, with metal, media, IT, FMCG, auto, consumer durables, realty, and telecom each gaining around 1%.

NIFTY:  The index opened 129 points higher at 23,036 and made a high of 23,216 before closing at 23,190. Nifty has formed a long bullish candle with upper and lower shadows on the daily chart. Its immediate resistance level is now placed at 23,300 while its immediate support is at 23,080.

  BANK NIFTY: The index opened 245 points higher at 49,947 and closed at 50,062. Bank Nifty has formed a bullish candle on the daily chart. Its immediate resistance level is now placed around 50,150 while immediate support is around 49,800.  

Stocks in Spotlight

▪  Paras Defence: Stock jumped close to 10% intraday after securing a Rs 142 crore order from the Defence Research and Development Organisation (DRDO).

▪  IREDA: Stock saw early gains following the launch of Rs 1,247 crore perpetual bonds, but eventually turned negative, falling by around 1%. Despite receiving a Rs 24.48 crore tax refund, the stock was unable to maintain its upward momentum.

▪  Polycab India: Stock fell over 6% after Adani Enterprises revealed its entry into the cables and wires industry through a joint venture between its wholly owned subsidiary, Kutch Copper Ltd and Praneetha Ventures.

Global News 

▪  The post-Fed reaction failed to spark a rally in Asia overnight, with MSCI's broadest index of Asia-Pacific shares outside Japan finishing flat. This was mainly due to weakness in China and Hong Kong.

▪  European markets reversed early gains on Thursday, weighed down by losses in banks. The pan-European STOXX 600 was down 0.5% as of 0941 GMT, on track to snap its four-session winning streak.

▪  The yield on the 10-year US Treasury fell below 4.2% on Thursday, approaching the lowest level since early December as markets continued to assess the risks of an economic slowdown.

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.