POST-MARKET SUMMARY 7th March 2025

On March 7, Indian benchmark indices closed nearly flat amid rangebound trade as investor concerns persisted after US President Trump postponed tariffs on Canada and Mexico to April 2. Consumer Durables, IT, Power, and Realty declined 0.5-1%, while Capital Goods, Energy, Metal, and Media gained 0.5-2%.

NIFTY:  The index opened 36 points lower at 22,508 and made a high of 22,633 before closing at 22,553. Nifty has formed a small bullish candle on the daily chart. Its immediate resistance level is now placed at 22,630 while its immediate support is at 22,460.

BANK NIFTY: The index opened 164 points lower at 48,463 and closed at 48,497. Bank Nifty has formed a small bullish candle on the daily chart. Its immediate resistance level is now placed around 48,700 while immediate support is around 48,300.  

Stocks in Spotlight

▪  Jana Small Finance Bank: Stock surged almost 12% intraday on Friday after receiving an AD-I license from the Reserve Bank of India for forex operations.

▪  Kalpataru Projects International Ltd: Stock jumped over 8% intraday after securing Rs 2,306 crore in new orders, including T&D projects overseas and building projects in India. This brings total FY25 orders to Rs 22,500 crore.

▪  Alembic Pharma: Stock gained 4% after the pharma player’s Vadodara unit inspection concluded with just one observation.

 Global News

▪  Asia-Pacific markets declined on Friday, with Japanese bond yields reaching their highest levels since 2008. The drop followed Wall Street losses after U.S. President Trump’s tariff concessions failed to ease investor concerns.

▪  The euro surged above $1.085, reaching its highest level since November 5th and heading for a 4.6% weekly gain, its strongest performance since March 2009.

▪  Brent crude rose to $70.5 per barrel on Friday, rebounding from recent declines. The gain followed remarks by Russia’s Deputy PM Novak, hinting that OPEC+ may reconsider its planned output increase after April if market imbalances continue.

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