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RIL Gains on Brokerage Upgrade, Jana Small Finance Soars on RBI Nod, and KPIL Secures New Orders
RIL Gains on Brokerage Upgrade, Jana Small Finance Soars on RBI Nod, and KPIL Secures New Orders
Written by - Fisdom Research
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March 7, 2025
2 minutes
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Market Snapshot
Indian benchmark indices closed flat, remaining rangebound as investors remained cautious.
Market sentiment was impacted by US President Donald Trump’s decision to postpone tariffs on Canada and Mexico to April 2.
Sectoral performance was mixed, with Consumer Durables, IT, Power, and Realty declining 0.5-1%, while Capital Goods, Energy, Metal, and Media gained 0.5-2%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
1.8
NIFTY PSU BANK
0.0
NIFTY OIL & GAS
0.6
NIFTY FINANCIAL SERVICES
-0.1
NIFTY METAL
0.4
NIFTY PRIVATE BANK
-0.1
NIFTY AUTO
0.2
NIFTY PHARMA
-0.2
Top News
Reliance Industries (RIL) surged over 3% after Macquarie upgraded its rating to ‘Outperform’ with a target price of ₹1,500, citing strong earnings momentum and potential Jio listing as key growth drivers.
Jana Small Finance Bank jumped over 12% after receiving an AD-I license from the RBI for forex operations, with its AUM growing 19% YoY to ₹27,984 crore, of which 68% are secured assets.
Kalpataru Projects International (KPIL) gained over 5% after securing ₹2,306 crore in new orders, bringing its FY25 total order intake to ₹22,500 crore, strengthening growth visibility for the coming quarters.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
RELIANCE
3.0
INDUSINDBK
-3.8
TATAMOTORS
1.2
NTPC
-2.2
BAJAJ-AUTO
1.2
SHRIRAMFIN
-2.1
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