Stock Market Updates: Sensex Dips 112 Points as Metal and Realty Shine

In the dynamic and ever-evolving landscape of the Indian financial markets, the recent performance of equity indices, sectoral movements, currency fluctuations, and global market trends provide a broad spectrum of insights for investors and market watchers. The fluctuations observed on March 3, with the Sensex and Nifty experiencing a slight downturn, underscore the volatility inherent in the markets. This scenario, coupled with the performance of different sectors and the movements in the currency and global markets, offers a rich tapestry for understanding the current financial climate and potential future directions.

Equity Market Dynamics

The slight decline in major indices, with the Sensex falling by 112.16 points and the Nifty by 5.40 points, reflects the cautious approach of investors amidst prevailing market conditions. The mixed performance across sectors, with notable gains in consumer durables, IT, metal, and realty, versus declines in media, PSU Bank, and oil & gas sectors, further exemplifies the selective nature of market movements. Such differentiation highlights the importance of sector-specific factors and their impact on overall market performance.

On February 28, 2025 (Friday), the Indian stock market faced a bloodbath as both benchmark indices, Sensex and Nifty 50 plummeted sharply. Sensex ended at 73,198.10, down by 1,414.33 points (1.90%) while Nifty 50 closed at 22,124.70, registering a decline of 420.35 points (1.86%). The sharp fall in equity markets was among the worst single-day declines in recent history, triggering concerns among investors.

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Mar 03, 2025, 3:10 pm IST

Russian Oil Imports to India Down Over 11%

India's crude oil imports for February experienced a slight decline, dipping to 4.82 million barrels per day (bpd) from January's 5 million bpd. This minor decrease is attributed to February's shorter duration. Amidst these dynamics, India's engagement with its traditional and new oil suppliers has showcased a strategic shift to diversify its sources of crude oil, reflecting the country's adaptability in navigating the complexities of global geopolitics and market fluctuations.

Mar 03, 2025, 2:27 pm IST

Ola Electric Cuts Workforce by 1,000: A Bold Move Amid Financial Struggles

Ola Electric Mobility Ltd, under the leadership of Bhavish Aggarwal, is reducing its workforce by over 1,000 employees and contract workers. This decision aims to address increasing financial losses. The layoffs impact various sectors such as procurement, fulfilment, customer relations, and charging infrastructure. This restructuring effort is part of the company's broader strategy to streamline operations. The current wave of layoffs is Ola Electric's second in less than five months. In November 2024, the company had already let go of approximately 500 employees. The recent dismissals represent more than a quarter of its reported workforce of 4,000 as of March 2024. It's important to note that this number excludes contract workers, who are not included in official company figures.

Mar 03, 2025, 2:24 pm IST

Bajaj Auto Faces Setback: 52-Week Low Amid February Sales Decline

Bajaj Auto emerged as the top loser within the BSE Auto index after its shares plummeted to a 52-week low, following a reported 14 percent drop in domestic two-wheeler sales for February. This downturn not only affected Bajaj Auto but also put pressure on Bajaj Finserv, which offers financing schemes for Bajaj Auto vehicles, leading to a decline of over 2 percent in its shares.

Mar 03, 2025, 1:24 pm IST

Market Live Updates: Midcaps That Hit New 52-Week Low

Midcaps: Apollo Tyre shares touched new 1-year low of Rs 370.90, while Supreme Ind hit new low of Rs 3,284.45, Tata Chemicals hit new low of Rs 756, KPIT Tech hits new low of Rs 1,142.30, PI Industries hit new low of Rs 2,951.10, IRB at new low of Rs 41.04, Concor at new low of Rs 601.25, Tata Communications touched low of Rs 1,317, Yes Bank at new low of Rs 16.13, Tata Tech also hit new low of Rs 634.55, Colgate Palmolive at new low of Rs 2,379.20, SJVN hit new low of Rs 80.54, Poonawalla Fincorp at new low of Rs 268.10, Bank of Maharashtra hit new low of Rs 43.67, and Indian Overseas Bank hit new low of Rs 98.92, MRPL at new low of Rs 98.92, and HPCL touched new low of Rs 287.55.

Mar 03, 2025, 12:57 pm IST

Market Live Updates: EIH Shares Fall

Share price of EIH dipped by nearly 2% despite the Oberoi Group announcing plans to open two new resorts in partnership with the Ladhani Group. The two new resorts will be situated in Rishikesh.

Mar 03, 2025, 12:24 pm IST

Stocks Live Updates: Ola Electric Shares Drop

The share price of Ola Electric dropped by nearly 4% after reports stated that the company is looking to trim over 1,000 jobs to stem losses. The layoffs could take place in procurement, customer relations & sales staffs.

Mar 03, 2025, 12:06 pm IST

Economy Update: India GDP | Turning the tide on sluggishness

“An in-line GDP print of 6.2% in 3QFY25 suggests the sluggishness in economic activity in the previous quarter may have bottomed out. Although the trajectory of the Centre’s fiscal deficit seems comfortable, we project a 11% shortfall in its capex target. The drag produced by investments and manufacturing activity, along with global headwinds, calls for coordinated fiscal and monetary actions. Growth estimates of the last 2 years underwent significant upward revisions, mainly the 100bps revision upward to 9.2% in FY24. While the growth estimate for the current fiscal has been marginally increased to 6.5%, the implied growth for 4Q is a tall task. While the RBI projects 6.6% growth rate for FY25, we moderate our growth estimates to realistic levels of 6.2-6.3% for FY25 and 6.5% for FY26,” as per Hitesh Suvarna of JM Financial Institutional Securities Limited.

Mar 03, 2025, 11:48 am IST

Sector Update: Cement | Ear to Ground: Seasonal strength supporting demand/ prices

“Our channel checks suggest that pan-India average cement prices increased MoM by INR 3/bag (up 1% MoM and 2% YoY) to INR 374/bag in Feb’25; prices increased in all regions (in range of INR 4-5/bag) except in the South, where it fell marginally. This is the third consecutive month of gradual price increase for the industry. Average pan-India cement prices in QTD are ~2-2.5% higher compared to 3QFY25. The industry is likely to attempt a price hike of INR 10-20/bag in Mar’25, but its absorption to be watch out given that it is a crucial month to achieve year-end targets. We remain hopeful of further price increases from the start of next financial year to pass on the increase in cost led by rise in input prices. Pan-India cement demand likely grew in mid-single digit YoY (despite one day less in the month having ~3-4% impact, and despatches being affected by Maha Kumbh) led by acceleration in government spending, peak construction season and easing of winter conditions. We expect industry profitability to improve further in 4QFY25 on the back of peak seasonal demand, and that should be further supported by backended budgeted government spending and improving prices,” said Dharmesh Shah of JM Financial Institutional Securities Limited.

Mar 03, 2025, 11:27 am IST

Nifty Outlook By Sameet Chavan, Head Research, Technical and Derivative - Angel One

From a technical standpoint, the consolidation zone from a year ago, marked around 22000-21800, is currently situated nearby and is expected to serve as a crucial support level for the Nifty50 index. This support could help stabilize the index during fluctuations. Conversely, the Bearish Gap at 22450-22500 is anticipated to function as an intermediate resistance barrier, potentially hindering upward movement. Following that, another significant Bearish Gap at 22700 is likely to present a formidable challenge, making it difficult for the index to gain traction in the short term. In the absence of key domestic triggers, global developments are more likely to provide impetus in setting up our market tone. However, looking at the ongoing scenario, it is advisable to avoid aggressive bets and stay light on positions on either side. Simultaneously, the vulnerability of the market emphasizes the need for traders to remain vigilant and consider risk management strategies as market conditions evolve.

Mar 03, 2025, 10:47 am IST

March 2025 Begins with Key Market Triggers—Auto Sales, PMI Data & US Jobs in Focus - Bajaj Broking Research

“The first week of March 2025 will be crucial for market sentiment, with key data releases shaping trends. On March 1, Indian auto companies will report monthly sales estimates, providing insights into demand across vehicle segments. Manufacturing and services activity will be tracked through S&P Global PMI data (March 3 & 5) for India and the US, while ADP Nonfarm Employment Change (March 5) will offer a glimpse into US job market trends. March 6 and 7 will focus on US labor market data, including Initial Jobless Claims, Nonfarm Productivity, Nonfarm Payrolls, and Unemployment Rate, which could influence Federal Reserve policy expectations. With global liquidity, interest rate expectations, and domestic fiscal trends in focus, markets may see volatility, creating opportunities in auto, banking, and consumer sectors.

Mar 03, 2025, 9:56 am IST

Glenmark Pharmaceuticals Inc., USA acquires and launches Acetylcysteine Injection

Glenmark Pharmaceuticals Inc., USA (Glenmark) announces the acquisition and launch1 of Acetylcysteine Injection, 6 gm/30 mL (200 mg/mL) Single-Dose Vials. Glenmark’s Acetylcysteine Injection, 6 gm/30 mL (200 mg/mL) Single-Dose Vials can be expected to have the same therapeutic effect as the listed drug product upon which the Agency relied as the basis of safety and effectiveness, Acetadote®2 Injection, 6 gm/30 mL (200 mg/mL) Single-Dose Vials of Cumberland Pharmaceuticals Inc. Glenmark acquired the ANDA for Acetylcysteine Injection, 6 gm/30 mL (200 mg/mL) Single-Dose Vials from Aspen Pharma USA Inc.

Mar 03, 2025, 9:55 am IST

South Africa-headquartered Select Africa Onboards Veefin Solutions to Lead Digital Transformation Across Multiple Countries

Select Africa, a leading financial institution based in South Africa, has partnered with Veefin Solutions, a global leader in providing technology solutions for the BFSI sector, to drive its digital transformation across multiple countries in South and East Africa. This strategic collaboration marks a significant milestone in Select Africa's commitment to focusing on the unbanked segment and enabling easier access to financial services. Through this partnership, Select Africa will utilize Veefin Solutions' end-to-end stack, including Onboarding, Loan Origination System, Loan Management System, Reporting Solution, and Collections Management System, to streamline its lending operations, deliver digital-first customer experiences, and foster innovation across its financial product offerings.

Mar 03, 2025, 9:33 am IST

Stock Market Live Updates: Sensex Nifty Open In Green

At the opening bell, the Sensex jumped 362 points (0.49%) to 73,560, while the Nifty climbed 101 points (0.46%) to 22,225.

Mar 03, 2025, 9:30 am IST

Stock Market Live Updates: Rupee Opens Higher

Rupee opened higher by 6 paise at 87.36 per dollar on Monday versus Friday's close of 87.51.

Mar 03, 2025, 8:48 am IST

Stock Market Live Updates: Asian Markets Trade Mostly in Green

On March 3, most Asian markets are trading in positive territory, indicating a strong start to the week. Key indices are showing gains, with the Shanghai Composite at 3,338.44 (+0.53%), Nikkei 225 at 37,580.02 (+1.14%), Hang Seng Index (HSI) at 23,291.51 (+1.53%), Shenzhen Component at 10,755.16 (+1.36%), and ASX 200 at 8,224.2 (+0.63%). However, South Korea's KOSPI is under pressure, trading at 2,532.78, down 3.39%.

Mar 03, 2025, 8:45 am IST

Stock Market Live Updates: US Market Ends In Green

Wall Street closed higher on Friday after a volatile trading session, with tech stocks leading gains. Investor sentiment remained mixed following a contentious meeting between the U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy. The Dow Jones Industrial Average (DJIA) rose 601.41 points (+1.39%) to 43,840.91, while the NASDAQ Composite gained 302.86 points (+1.63%) to 18,847.28. The S&P 500 also advanced 92.93 points (+1.59%), closing at 5,954.50.

Mar 03, 2025, 8:40 am IST

Stock Market Live Updates: Market Recap

On last Friday i.e 28 feb, the Indian stock market faced a bloodbath as both benchmark indices Sensex and Nifty 50 plummeted sharply amid heavy selling pressure. Concerns over global market trends, macroeconomic uncertainties, and institutional outflows contributed to the steep decline.Sensex ended at 73,198.10, down by 1,414.33 points (1.90%) while Nifty 50 closed at 22,124.70, registering a decline of 420.35 points (1.86%). The sharp fall in equity markets was among the worst single-day declines in recent history, triggering concerns among investors. Several sectors, including banking, IT, and auto, witnessed substantial losses as market sentiment turned bearish.

Mar 03, 2025, 8:40 am IST

Stock Market Live Updates: Sensex & Nifty in Focus

Good morning! Welcome to our Stock Market Live Blog, your go-to source for real-time updates from Dalal Street. As the Sensex and Nifty set the tone for today's trading session, we bring you the latest market trends, key movements, and expert insights to help you stay ahead.