Indian stock market ended the current trading week on a bearish note with Sensex holding below 74,000 level and Nifty under 22,400 mark. Both the benchmarks have held a five-consecutive sessions losing streak so far, registering decline of 0.5% to 0.7%. Sensex underperformed Nifty in these five sessions. However, trading in Indian stocks will be closed on Friday, March 14 due to the celebration of holi festival across the country.
Stock Market Holiday 2025:
As per the holiday list of BSE and NSE, trading will be closed in the equity segment, equity derivative, SLB segment, and currency derivatives segment on March 14, due to Holi.
So far in 2025, there are 14 special holidays in the Indian stock market due to festivals and big occasions. This excludes default weekend holidays.
Sensex, Nifty:
Sensex closed at 73,828.91, down by 200.85 points or 0.27%. While Nifty 50 plunged by 73.30 points or 0.33% to end at 22,397.20. Bank Nifty held above 48,060 levels but with a mild upside. Broader indices were in deep red. Except for PSU banks, all other sectoral indices were in red.
Nifty Midcap 100 and Nifty Smallcap 100 indexes were down 1% each. The worst performers were Nifty Auto, Nifty Media, Nifty Metal, Nifty Realty, and Nifty Consumer Durables which were down by 1% to 2%.
The top bulls were Bharat Electronics, SBI, Cipla, ICICI Bank, and Power Grid. The top bears were Shriram Finance, Hero MotoCorp, Tata Motors, HDFC Life, and IndusInd Bank shares.
Sensex and Nifty are in a bearish tone since March 7th. Sensex has dipped by 0.7% and Nifty is down by 0.5%.
On the latest performance, Vinod Nair, Head of Research, Geojit Financial Services said, shortened trading week and sell-off in the US short market are providing a hiccup to the global market. However, India is withstanding resilience and healthy outperformance, by a narrow negative trend.
Nair added, that even concerns that the US may have to bear a recession are not impacting the Indian market due to signs of recovery in fundamentals led by moderation in inflation, future rate cuts, and improvement in the economy in FY26 led by government spending and improvement in consumer income. However, if US policy continues to be tepid, it will become a point of concern.
Sensex, Nifty Next Week Outlook:
According to Nair, the escalating global trade war has weighed heavily on market sentiments worldwide, creating uncertainty and causing indices to trade within a narrow range. However, domestic factors have provided some relief. The resilient Indian economy is showing positive signs of recovery, driven by a moderation in inflation and improvements in economic fundamentals. Retail inflation in India eased more than anticipated, raising hopes for interest rate cuts.
Additionally, he said, industrial output in January exceeded expectations, lifting market sentiment and preventing further declines. This recovery is supported by increased government spending and rising consumer incomes in FY26.
Persistent uncertainties surrounding global trade and the fear of a U.S. recession may continue to influence the domestic market's momentum. However, the moderation in valuations following recent corrections, along with supportive factors such as falling crude oil prices, an easing Dollar Index, and expectations of a rebound in domestic earnings in the coming quarters, may limit the volatility and is expected to contribute to a stability amid prevailing trade uncertainties, Nair added.
Looking ahead, Nair said, "next week's release of China's retail sales growth data and industrial production data will provide a clearer understanding of the Chinese economic growth outlook. Investors will also be closely monitoring US retail sales and production numbers."
Giving technical outlook, Amol Athawale, VP-technical Research, Kotak Securities said, the market is exhibiting non-directional activity; on the lower side, it is consistently finding support near 22300/73300, while profit booking has been witnessed between 22600/74700 and 22650/74900. We believe that the current market texture is non-directional, and traders may be awaiting a breakout in either direction. For the bulls, the key breakout zone is at 22650/74900. A dismissal of the 22650/74900 breakout could push the market towards 22800-22900/75500-75800. Conversely, if the market falls below 22300/73300, selling pressure is likely to accelerate. Below this level, the market could retest levels of 22100-22000/72700-72400.
Click it and Unblock the Notifications
Sign in with Google