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Capital Market Stocks Decline, Infosys Faces Downgrades, and Airtel Joins Hands with SpaceX for Starlink
Capital Market Stocks Decline, Infosys Faces Downgrades, and Airtel Joins Hands with SpaceX for Starlink
Written by - Fisdom Research
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March 12, 2025
2 minutes
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Market Snapshot
Benchmark indices Sensex and Nifty ended marginally lower in a volatile session, as gains in banking and auto stocks were offset by losses in IT shares.
Infosys was the biggest drag on Nifty 50, falling 3.7%, amid concerns over slowing US client spending, which weighed on software exporters.
The Nifty IT Index declined over 3%, hitting its lowest level since July 2024, and extending its year-to-date losses to 16%.
Asian markets mostly declined, as investors remained cautious over US President Trump’s trade policies and recession risks in the US.
Global market volatility persisted, driven by trade tensions and tariff barriers imposed by the US administration.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PRIVATE BANK
0.7
NIFTY PHARMA
0.5
NIFTY HEALTHCARE INDEX
0.6
NIFTY BANK
0.4
NIFTY FINANCIAL SERVICES
0.5
NIFTY OIL & GAS
0.4
NIFTY AUTO
0.5
NIFTY CONSUMER DURABLES
0.2
Top News
Capital market stocks, including HDFC AMC, CAMS, and Angel One, declined after AMFI data revealed a 26% drop in equity mutual fund inflows for February 2025, reflecting investor caution amid market volatility.
Infosys plunged nearly 5% to an eight-month low, as brokerage downgrades and concerns over declining US discretionary spending weighed on the IT sector, alongside geopolitical uncertainties and trade war fears under US President Trump.
Bharti Airtel gained 3% after announcing a partnership with SpaceX to bring Starlink satellite internet services to India, though the rollout depends on regulatory approvals.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
INDUSINDBK
4.4
INFY
-4.3
TATAMOTORS
3.1
WIPRO
-3.3
KOTAKBANK
2.5
TECHM
-2.8
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,300
22,600 – 22,800
Bank Nifty
47,600
48,500
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