Weekly Musings – Index performance for week ended March 07, 2025

10 Mar 2025 , 09:47 AM

The week saw FPI selling of $2,835 Million, taking the cumulative FPI selling in equities in the first 9 weeks of 2025 to $15.8 Billion. VIX was flat at 13.47 levels; although FPI outflows, Trump tariffs, and the evolving situation in Europe is what really concerns the market.

BSE SENSEX 30 INDEX – ARE HAPPY DAYS HERE AGAIN FOR SENSEX?

Date	Open	High	Low	Close
07-Mar-25	74,347.14	74,586.43	74,038.03	74,332.58
06-Mar-25	74,308.30	74,390.80	73,415.68	74,340.09
05-Mar-25	73,005.37	73,933.80	72,894.05	73,730.23
04-Mar-25	72,817.34	73,033.18	72,633.54	72,989.93
03-Mar-25	73,427.65	73,649.72	72,784.54	73,085.94
28-Feb-25	74,201.77	74,282.43	73,141.27	73,198.10
		Weekly Returns		+1.55%

Data Source: BSE

For the week March 07, 2025, Sensex gained +1,134 points or +1.55%. The bounce looks more like a dead cat bounce after several weeks of correction. Sensex touched a weekly high of 74,586 and a low of 73,416; with a sharp bounce in the last 2 days of the week.

NIFTY 50 INDEX – OIL STOCKS PULL UP THE NIFTY

Date	Open	High	Low	Close
07-Mar-25	22,508.65	22,633.80	22,464.75	22,552.50
06-Mar-25	22,476.35	22,556.45	22,245.85	22,544.70
05-Mar-25	22,073.05	22,394.90	22,067.80	22,337.30
04-Mar-25	21,974.45	22,105.05	21,964.60	22,082.65
03-Mar-25	22,194.55	22,261.55	22,004.70	22,119.30
28-Feb-25	22,433.40	22,450.35	22,104.85	22,124.70
		Weekly Returns		+1.93%

Data Source: NSE

After the sharp fall; oil, IT and autos helped the Nifty higher this week. For the week to March 07, 2025, Nifty bounced +428 points or +1.93%; despite heavy selling by FPIs. Nifty touched a weekly high of 22,634 and a low of 22,005, amidst domestic buying.

NIFTY MID-CAP 100 INDEX – WEAK ALPHA SIGNALS THIS WEEK

Date	Open	High	Low	Close
07-Mar-25	49,340.00	49,644.95	49,082.65	49,190.60
06-Mar-25	49,645.65	49,812.15	49,252.60	49,348.10
05-Mar-25	47,874.65	49,203.95	47,874.65	49,168.35
04-Mar-25	47,437.75	48,271.80	47,056.90	48,007.85
03-Mar-25	47,962.20	48,104.35	46,865.70	47,984.15
28-Feb-25	48,732.05	48,755.70	47,485.30	47,915.20
		Weekly Returns		+2.66%

Data Source: NSE

For the week to March 07, 2025, Nifty Mid Cap 100 closed +1,275 points higher or +2.66%. However, mid-caps have corrected nearly 23% from the peak. Nifty Mid-cap touched weekly high of 49,812 and a low of 46,866; aided by a sharp recovery on Thursday.

NIFTY SMALL-CAP 100 INDEX – BEST GENERIC INDEX FOR THE WEEK

Date	Open	High	Low	Close
07-Mar-25	15,420.15	15,614.15	15,379.25	15,504.30
06-Mar-25	15,342.45	15,457.55	15,277.05	15,400.35
05-Mar-25	14,764.65	15,211.75	14,764.65	15,199.10
04-Mar-25	14,469.60	14,867.45	14,389.95	14,762.60
03-Mar-25	14,740.90	14,825.30	14,299.80	14,660.85
28-Feb-25	15,006.90	15,051.45	14,617.65	14,700.20
		Weekly Returns		+5.47%

Data Source: NSE

For the week to March 07, 2025, Nifty Small Cap 100 was up +704 points or +5.47%; as value buying emerged with oil at $70/bbl. It will take some time for confidence to come back after a 26% fall. Nifty Small-cap touched a weekly high of 15,614 and a low of 14,300.

BANK NIFTY INDEX – PRIVATE BANKS SUBDUED DURING THE WEEK

Date	Open	High	Low	Close
07-Mar-25	48,463.80	48,709.05	48,359.35	48,497.50
06-Mar-25	48,760.00	48,839.10	48,299.40	48,627.70
05-Mar-25	48,241.30	48,657.65	48,190.25	48,489.95
04-Mar-25	47,942.50	48,374.90	47,924.75	48,245.20
03-Mar-25	48,478.60	48,574.70	47,841.30	48,114.30
28-Feb-25	48,437.55	48,574.50	48,078.70	48,344.70
		Weekly Returns		+0.32%

Data Source: NSE

For the week to March 07, 2025, Nifty Bank was up 153 points or +0.32%; as private banks hardly participated in the all-out market rally. However, PSU banks did see some value hunting. The Bank Nifty touched a weekly high of 48,839 and a low of 47,841.

NIFTY IT INDEX – SOME RECOVERY AFTER THE BIG FALL

Date	Open	High	Low	Close
07-Mar-25	38,028.15	38,048.35	37,625.05	37,820.45
06-Mar-25	38,226.10	38,347.10	37,912.00	38,145.30
05-Mar-25	37,287.25	38,381.75	37,287.25	38,072.30
04-Mar-25	37,228.80	37,537.20	36,797.40	37,276.95
03-Mar-25	37,408.65	37,930.15	37,369.70	37,614.45
28-Feb-25	38,620.70	38,642.00	37,167.30	37,318.30
		Weekly Returns		+1.35%

Data Source: NSE

For the week to March 07, 2025, Nifty IT Index recovered +502 points or +1.35%, a small consolation after the 8% fall last week. The uncertain US business environment is still an overhang for Indian IT. The IT Index touched a weekly high of 38,382 and a low of 36,797.

NIFTY OIL & GAS INDEX – BIG GAINS FROM WEAK CRUDE PRICES

Date	Open	High	Low	Close
07-Mar-25	10,063.45	10,164.30	10,007.90	10,101.50
06-Mar-25	9,940.30	10,058.90	9,878.25	10,045.85
05-Mar-25	9,579.25	9,823.35	9,570.50	9,792.60
04-Mar-25	9,405.70	9,600.00	9,327.50	9,576.50
03-Mar-25	9,618.15	9,652.15	9,350.95	9,513.40
28-Feb-25	9,770.05	9,774.55	9,567.40	9,590.60
		Weekly Returns		+5.33%

Data Source: NSE

For the week to March 07, 2025, Oil & Gas Index spiked by +511 points or +5.33%. Lower crude prices at $70/bbl had a salutary impact on refining stocks. Nifty Oil & Gas Index touched a weekly high of 10,164 and a low of 9,328 levels.

NIFTY AUTO INDEX – ROBUST, DESPITE WEAK AUTO NUMBERS

Date	Open	High	Low	Close
07-Mar-25	20,925.75	21,197.00	20,846.00	21,009.70
06-Mar-25	21,030.70	21,068.75	20,733.40	20,959.70
05-Mar-25	20,354.80	20,848.40	20,327.05	20,796.75
04-Mar-25	20,295.80	20,462.80	20,174.85	20,269.20
03-Mar-25	20,591.50	20,865.85	20,368.85	20,538.15
28-Feb-25	21,180.80	21,188.20	20,460.10	20,498.60
		Weekly Returns		+2.49%

Data Source: NSE

For the week to March 07, 2025, Nifty Auto Index bounced +511 points or +2.49%. This is despite contraction in auto sales across the board in February 2025. Nifty Auto Index touched a weekly high of 21,197 and a low of 20,175 levels.

NIFTY FMCG INDEX – FINALLY SEES A DEAD CAT BOUNCE

Date	Open	High	Low	Close
07-Mar-25	51,804.95	52,005.20	51,533.75	51,891.80
06-Mar-25	51,597.55	51,966.00	51,108.95	51,890.30
05-Mar-25	50,397.30	51,613.95	50,397.30	51,279.10
04-Mar-25	50,494.30	50,602.60	50,199.35	50,524.25
03-Mar-25	50,739.75	50,856.80	50,287.90	50,786.65
28-Feb-25	51,796.65	51,918.20	50,546.85	50,689.00
		Weekly Returns		+2.37%

Data Source: NSE

For the week to March 07, 2025, FMCG index bounced +2.37%, small consolation after the 15% fall since budget day. There are concerns over urban demand, margins, and rising input costs. Nifty FMCG Index touched a weekly high of 52,005 and a low of 50,199 levels.