Despite a revenue dip, profitability bounced back—Nifty 50 and Nifty 500 hit their highest PAT growth in multiple quarters! Earnings resilience continues as operating profits rise.
Follow the link to know more: https://t.co/Af6nMIAAFW#NSE #NSEIndia #StockMarket #Nifty50… pic.twitter.com/5ycUgzpTQD— NSE India (@NSEIndia) March 10, 2025
The Indian stock market ended the week on a positive note, with the Sensex rising by 350 points to close at 74,620.17, and the Nifty climbing above the 22,650 mark. Both indices saw gains fueled by strong performances in FMCG and energy stocks amid a backdrop of global economic concerns. Top gainers on the Nifty included Bharat Electronics Limited (BEL), Sun Pharma, Bajaj Finance, Bharti Airtel, and Bajaj Finserv.
Stock Market Today, March 10: Sensex drops 217 points, Nifty ends at 22460; all sectors in red but FMCG | ET NOW Closing Bellhttps://t.co/aEIZXQX9QX
— ET NOW (@ETNOWlive) March 10, 2025
Conversely, IndusInd Bank, Trent, Mahindra & Mahindra (M&M), Bajaj Auto, and Larsen & Toubro (L&T) were among the major laggards. Despite investor worries over tariff negotiations and geopolitical tensions, Indian markets maintained a positive outlook. Last week, Nifty extended its winning streak to three sessions, though the Sensex experienced a slight dip—their largest gain in three months.
Asian markets opened lower, influenced by a significant decline in China’s consumer price index. This downturn signaled growing concerns over global economic slowdowns and ongoing trade tensions affecting the U.S. economy.
????#Nifty50 snaps 3-session gaining streak; Trent, ONGC lead losses
Here's how the markets panned out today!????#Nifty #StockMarket #stockmarketsindia #stockmarkets #StockMarketIndia #StockMarketNews pic.twitter.com/UfQZQ0dJKT
— ET NOW (@ETNOWlive) March 10, 2025
In the U.S., futures for major indices such as the S&P 500, Nasdaq 100, and Dow Jones Industrial Average all fell ahead of a busy week for economic data releases.
While Nifty Auto and Nifty Realty experienced declines of up to 0.6% in early trade, sectors like Nifty Energy, Infra, Oil and Gas, and Metal showed gains ranging from 0.4% to 0.8%.
FMCG and energy rally boosts sensex
The performance of Nifty Bank and PSU Bank remained stable.
Sun Pharma gained over 1% after announcing its acquisition of Nasdaq-listed Checkpoint Therapeutics, an immunotherapy and targeted oncology company, for $355 million. IndusInd Bank saw a 5% dip, reaching a 52-week low, following multiple analyst downgrades and the Reserve Bank of India’s approval of a one-year extension for CEO Sumant Kathpalia. Tata Power’s shares rose by 2% after its subsidiary, Tata Power Renewable Energy, signed an MoU with the Andhra Pradesh government to develop up to 7,000 MW of renewable energy projects.
Ajit Mishra, Senior Vice President at Religare Broking, emphasized that the upcoming trading week would be holiday-shortened, with close attention paid to global developments in lieu of major domestic events. Key factors to watch include tariff negotiations, geopolitical tensions, and their effects on the U.S. dollar and crude oil prices. “Foreign Institutional Investors (FIIs) have slowed their selling in cash markets, but any shift in their stance will remain a crucial indicator for market direction.
Market participants will also closely track the release of the Index of Industrial Production (IIP) and Consumer Price Index (CPI) inflation data,” he added. Anand James, Chief Market Strategist at Geojit Financial Services, noted that markets are nearing late-February highs following a significant decline. He predicted potential market movements and noted that staying above 22,470 could signal an upswing towards the 23,000 mark.
