The Indian equity market experienced a volatile trading session on March 3, with the benchmark indices ending marginally lower.
The BSE Sensex closed at 73,085.94, down by 112.16 points or 0.15%, while the NSE Nifty settled at 22,119.30, declining by 5.40 points or 0.02%. The market opened higher amid positive global cues but turned negative in the initial hour of trading, dragging the Nifty close to the 22,000 level.
IRCTC upgraded to Navratna status; share price hits 52-week low https://t.co/N0yYVkm34p
— ET NOW (@ETNOWlive) March 3, 2025
Buying in the second half erased most of the intraday losses, resulting in moderate declines by the end of the session. This marks the Nifty50 index’s ninth consecutive session ending in the negative zone, while the BSE Sensex ended lower for the second consecutive day. Among the major gainers on the Nifty were Bharat Electronics, Eicher Motors, Grasim Industries, BPCL, and JSW Steel.
Conversely, Coal India, Reliance Industries, Bajaj Finserv, HDFC Bank, and Bajaj Auto were among the top losers. The BSE Midcap index increased by 0.25%, while the smallcap index fell by 0.7%.
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How does the Govt plan to go ahead with the capex target? From capex till Jan to interest-free loans, @priyadarshi108 is here with the details #capex #India pic.twitter.com/fNU0DSD8KQ
— ET NOW (@ETNOWlive) March 3, 2025
On the sectoral front, media, PSU Bank, and oil & gas sectors were down by 0.3-1%, while consumer durables, IT, metal, and realty sectors were up by 0.5-1%.
#MarketsWithMC | #Sensex and #Nifty50 are likely to open higher on March 3 tracking cues from GIFT Nifty trading around 22,358
Here is how financial markets across the globe fared overnight?https://t.co/Id6mcz39xe#Stocks #StockMarket #Trading #Markets
— Moneycontrol (@moneycontrolcom) March 3, 2025
Ajit Mishra, SVP of Research at Religare Broking, noted that markets started the week on a volatile note but ended nearly flat. The Nifty index saw a brief uptick before slipping lower, testing the 22,000-support level, and eventually closed at 22,119.30.
Realty, metal, and IT sectors showed signs of recovery, but banking and financials remained weak, capping gains. Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, highlighted that though the Nifty showed a minor upside recovery from the lows, the overall trend remained negative. Any upside bounces could encounter resistance around 22,300, while a decline below 20,000 could find support around the 21,800-21,700 band
For investors who started investing after the pandemic, this is the first real market correction. Markets are cyclical, and given the way our markets went up from late 2020, this fall was inevitable. I don't know how good the data is, but it seems like the number of investors… pic.twitter.com/VmxZbdCVTT
— Nithin Kamath (@Nithin0dha) March 3, 2025
Indian equity market closes mostly flat
The Indian rupee ended 15 paise higher at 87.36 per dollar, strengthening due to market stabilization following the RBI’s USDINR swap and rising foreign exchange reserves. Investment banks submitted their brokerage calls, with Morgan Stanley maintaining an ‘overweight’ call on IGI and Jefferies retaining a ‘buy’ rating on Polycab India but cutting the target price. The volatile session on March 3 saw Indian equity indices closed flat, with sectors showing mixed performances.
As markets navigate through uncertainties, the banking sector’s performance will be a crucial indicator in the upcoming sessions. Traders are advised to approach the market with strategic selections and effective trade management.
