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Financial & Morning Market Updates- 03 March 2025
So here we are at start of March…16% down from highs in last 5 months
Last week Nifty declined by 3%, Midcap index was down by 4.4%, small cap index was down by 6%.
Overall Feb was one of worst Feb in history, as Nifty Declined by 5.5%, Midcap by 10.5% and Small cap by 13.7%
As per technical analysts, they saw exactly same reading and charts in prolonged correction in Covid in Mar 2022..and it was this point of chart, where market bottomed out and started it’s medium term upmove….
So is recovery gonna happen again from here???
But the surprising part is that officially, market is still 1100 points away from entering Bear Market territory. A market is presently seen in correction phase and not in Bear phase. For market to be called in Bear phase category, it has to be down by 20%+.
Definitely shocking!!
M&M has overtaken Hyundai to become India’s second largest Passenger Vehicle seller in India. Maruti suzuki still holds first place.
This has been possible due to phenomenal sale of XUV700 and Thar Roxx sales. New EV launch 6 and 9E is still to join the total.
So top car sellers as per ranks for month of Feb are as follows
- Maruti Suzuki- 1.60 lakhs🔼
- M&M- 50420 cars🔼
- Hyundai- 47727 cars🔽
- Tata- 46435 cars🔽
- Toyota- 26414 cars🔼
- MG- 4002 cars🔼
Some impact of this can be seen in today’s market.
GST collections in February rose by 9.1%, reflecting rebound in economy.
The growth was driven by heavy domestic transactions which rose by 10.2%
GST collections in large manufacturing and consuming states like UP, Haryana, Maharashtra, Karnataka, MP, Tamilnadu has shown a huge increase ot 10 to 20%
Indias Commerce minister Piyush Goyal is visiting US this week for discussion on Bilateral Trade agreement. This is line to MoU signed between US and India for two way trade tgt of $500 billion by 2030.
So as the last bell for former SEBI chief Madhabi Puri rang on 28 Feb, a FIR has been ordered against her by Special Mumbai Court for stock market fraud and regulatory violations. Though SEBI has come out strongly in support of her and are taking appropriate legal steps.
Trump will set the exact tariff on Canada and Mexico on Tuesday. At present he has declared flat 25% tariff on these countries.
Rules for Nomination for MF and Demat acct has changed wef 01 Mar 25. Below are some new amendments
- Investors can now nominate 10 person in each acct/folio.
- Amendment in Joint acct holding documentation
- Power of Attorney holders of investors CANNOT nominate
- Amendment in transmission of assets to nominee
As matter of advise by prominent legal associates, they recommend to have a Legal Heir always as a nominee in ur assets and investments.
Markets Today
US markets ended on positive on Friday and this morning Asian Markets are trading mixed.
As far as Indian markets are concerned,, A strong bottom support now lies at 21800, but analysts see a short term recovery to 22550 levels, but any pullback attempt from here is likely to face selling pressure.
In short market is fully in so called Bear Grip now, any momentum if any will not sustain. So a good trading session of 3/4 days positive upmove will losen the Bear Grip
But has market bottomed out?? Answer is NO. It’s too early to pre empt the bottom. So gear up for testing 21800 levels this week. Some recovery and more falls, will be flavour this week!! And rest is all on buying/selling momentum, which will dictate the market (of course other than Trump’s mind)
But for today morning, investors may see 🟢 Green start to day and also some green in portfolios as reactions to Q3 GDP data will be seen
First step upwards is to cross 22300.
A upcoming Technical bounce is likely today..
Indias VIX which is measure of fear in market , rose by 4.5% to settle at 13.91 levels
Nifty Levels to keep eye on
Bullish above 22200
Bearish below 21980
Stock news
Paytm has recd a ED notice for Fema violations. Paytm is yet to send their reply.
NCC bags order worth Rs 219 cr from state govt.
Railtel corp bags order for Rs 26 cr from Cuttack devp auth.
Godrej property has come up in big way in developing a new estate in Oragadam Chennai. A plots are being sold by Godrej , named Godrej Sunrise Estate in Oragadam, a outskirts in Chennai starting from Rela 48 lakhs onwards for 1500 sqft.
Acme Solar is planning an investment of 17000 cr on capex in FY26 with focus on hybrid and round the clock renewable energy.
Airtel is planning to launch two IPOs in near future for its two units ie Airtel Payment bank and Nxtra.
Adani Group has raised $14 billion in equity between 2019 & 2024, marking one of largest equity raises by Indian Group
Glenmark pharma has recalled around 1.5 million bottles of Generic medication used in treatment of attention deficit hyperactivity disorder in US market.
NLC India shares will be in focus today as it secured a contract from SJVN to develop and operate 200 MW wind power project.
As per analysts, Voltas is showing a bullish trends and recommended for BUY for potential gains.
A BUY call also has been given for Indigo and HDFC for tgt of 4800 and 1835 respectively.
Stocks to watch
Moneycontrol has given thumbs up to following stock which may see some positive momentum this week👍
Kotak Bank
UPL
SBI card
Bajaj Finance
Abbot India
Meanwhile, these stocks may lag this week and may see some more falls👎🏻
Titan
Godrej consumer
HUL
Dabur
IIFL
ONGC
Havells,
Godrej property
Deepak Nitrite
Gold/Silver
All those still looking for investment in metals, have good news wrt Silver.
In last few months, Gold has outperformed silver by around 8% and Technical analyst see a upcoming momentum now in Silver as compared to Gold.
As of now Silver is 9% down from all time high, but gold is only 2% down from its peak, indicating room for Silver to catch up. Analyst see a 15 to 20% rate momentum in next 10 to 12 months in Silver.
So those who want to be part of this growth can invest in Silver through this top ETF
Aditya Birla Silver ETF
HDFC silver ETF
ICICI Pru Silver ETF
Axis Silver ETF
As far as today’s Gold rate, it has increased marginally and is trading at 87900 levels. Silver too saw marginal gains.
Tomorrows Trumps Tariff declaration may push Gold/silver prices little more higher.
Happy Investing!!
Note: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
