INDIRA SECURITIES - DAILY RUNUP

03 Mar, 2025

Nifty 50

22124.70, ?-420.35

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Nifty plunged 1.86% after a gap-down opening, closing near the day's low, while Nifty Midcap 100 tumbled 2.49%, signaling strong bearish momentum amid weak sentiment and institutional selling.

Sectoral Highlights:?Banking and Financial Services showed resilience, while IT and Auto struggled, with Auto hitting the brakes, tumbling 2.58%.

Global Indices

Sectorial View

Factors Affecting Most

• China’s Factory Activity Expands: Manufacturing PMI rose to 50.2 in February, signaling growth amid US tariff threats. Xi urges a measured response as trade risks persist.
• Trump’s White House Crypto Summit: Donald Trump will host a crypto summit on March 7, led by David Sacks, signaling a shift from Biden’s regulations toward innovation-friendly policies.

Market Barometer

Top Gainers

Top Losers

Daily Scoop

• Mahakumbh’s Q4 GDP Boost:? CEA expects Mahakumbh-driven spending to lift Q4 GDP, with 50-60 crore travelers fueling growth. FY25 nominal GDP nears $4 trillion.
• India’s Q3 GDP Rebounds: GDP grew 6.2% in Q3, recovering from 5.6% in Q2. Despite missing RBI’s 6.8% forecast, strong domestic demand and exports support growth. FY25 GDP is projected at 6.5%.

Stocks in News

• Shakti Pumps Secures ?23.9 Cr Order:? Shakti Pumps received a ?23.91 crore order from MEDA for 877 solar water pumps under PM-KUSUM in Maharashtra, to be completed in 120 days.
• Mankind Pharma’s ?111.68 Cr Tax Demand: Mankind Pharma received a ?111.68 crore tax demand for AY 2021-22 and plans to appeal, citing strong legal grounds with no financial impact.?
• Dalmia Bharat’s ?3,520 Cr Expansion: Dalmia Bharat to invest ?3,520 crore in Maharashtra and Karnataka, adding 6.6 MnTPA capacity. Total capacity to reach 55.5 MnTPA by Q4 FY27.

Nuggets

• India's tobacco tax is 57.6%, higher than the USA (37.36%) but lower than the UAE (71.72%), per WHO. Higher taxes aim to reduce consumption.

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