Weekly Update-14 March 2025

NIFTY50

The index closed the week with a loss of 0.69%, settling at 22,397.20. The week was mostly characterized by sideways movement, with the most significant action occurring on Monday when the index approached key resistance levels near the DEMA at 22,666. Following this, the index entered a phase of tight-range consolidation, showing limited movement throughout the rest of the week. This prolonged sideways trading suggests indecision among market participants. Key resistance levels for the upcoming week are around 22,750, while immediate support is seen near the 22,200 levels.

BANKNIFTY

The index closed the week with a loss of 0.9%, settling at 48,060.40. The week was mostly sideways, with the index trading around important support levels of 47,800. Overall, the index underperformed compared to Nifty, with PSU Banking particularly lagging behind Private Banking throughout the week. Despite attempts to recover, selling pressure persisted near resistance levels. Key support levels for the week are around 47,500, while resistance is seen near the 48,600 mark.

Worst Performing Sector of the week

The Nifty IT was worst performing sector of this week

Major losers include:-

LTTS: down by 9.2%

Wipro: down by 7.3%

Infosys: down by 6.3%

Coforge: down by 5.3%

Important News:-

• Waaree Renewable Technologies, the solar EPC arm of the Waaree Group, saw its shares rise by 4% to ₹4,650 on March 12, 2025, after securing a new order for EPC works for a solar power project. This uptick ended the company's three-day losing streak.

• Bharat Electronics is among the companies scheduled to trade ex-dividend next week, indicating an upcoming dividend payout to shareholders.

• IndusInd Bank's shares experienced a significant decline, plunging 20% on Tuesday, marking its steepest single-day drop since March 2020. This sharp fall contributed to a 350-point decrease in the banking index.

• MTNL's shares surged 15% due to significant fundraising initiatives, reflecting investor optimism about the company's future prospects.

• On Thursday, Maruti Suzuki's shares fell by 1.12% to ₹11,508.65, underperforming its competitors. The stock is 15.84% below its 52-week high of ₹13,675.00, set on August 1, 2024.