INDIRA SECURITIES - DAILY RUNUP

28 Feb, 2025

Nifty 50

22545.05, ?-2.50

"No Retreat, Only Resistance – Bears Grip the Market!"

On monthly expiry day, markets stayed range-bound but fell in the final hour. Nifty closed at 22,545.05, Sensex at 74,612.43. The Rupee weakened to ?87.37, while mid-caps dropped 0.89% and small-caps fell 1.64%.

Sectoral Highlights:?Finance, Metal, sectors closed in positive territory, while media and Realty and sectors lagged.

Global Indices

Sectorial View

Factors Affecting Most

• U.S. Markets Slide on Tariff Concerns: Nasdaq -2.78%, S&P 500 -1.59%, Dow Jones -0.43%, as trade tensions spooked investors.
• Trump Announces Fresh Tariffs: 25% on Mexico & Canada, 10% additional on China, effective March 4, fueling market volatility.

Market Barometer

Top Gainers

Top Losers

Daily Scoop

• India-UK FTA Progressing Well: British Trade Minister Jonathan Reynolds said trade talks exceeded expectations, with a comprehensive FTA nearing finalization.
• India Must Capitalize on Supply Chain Disruptions: Amitabh Kant: Amitabh Kant sees global trade instability as a huge opportunity for India to lead in cleantech, battery manufacturing, and sustainable industries.

Stocks in News

• Coal India: The board approved a ?300 per tonne "Singrauli Punarasthapan Charge" across all NCL mines from May 1, 2025, aiming to generate ?3,877.50 crore in additional revenue.
• Paytm: Partnered with Perplexity AI to offer in-app search, enabling users to ask questions, explore topics, and make financial decisions.?
• Kothari Industrial: Signed a MoU with Assam on Feb 26, 2025, to invest ?500 crore in rare earth and critical minerals, with funding via the market.

Nuggets

• Overall Market Pressure: 4,581 stocks have declined over 10%, indicating a broad correction.

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