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BEML Rallies on Expansion, Adani Energy Secures Power Deal, Pharma Stocks Struggle Amid Tariff Fears
BEML Rallies on Expansion, Adani Energy Secures Power Deal, Pharma Stocks Struggle Amid Tariff Fears
Written by - Fisdom Research
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March 27, 2025
2 minutes
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Market Snapshot
Bulls took charge on March 27, reversing early losses from concerns over US automotive tariffs, with Nifty 50 closing near 23,600 on broad-based buying.
Auto (-1%) and pharma (-0.4%) were the only sectoral laggards, while all other indices ended in the green.
Media, oil & gas, and realty sectors led the gains, each rising 1%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
2.5
NIFTY METAL
0.7
NIFTY MEDIA
1.5
NIFTY CONSUMER DURABLES
0.7
NIFTY OIL & GAS
1.4
NIFTY IT
0.6
NIFTY REALTY
1.4
NIFTY FMCG
0.5
Top News
BEML shares soared over 17% on March 27 after the Chhattisgarh government invited the PSU to establish a mining equipment manufacturing facility in the state, marking a potential expansion opportunity.
Adani Energy Solutions surged 7% after signing a Share Purchase Agreement with REC’s subsidiary to acquire Mahan Transmission Limited (MTL), which will help evacuate 1,230 MW of power from its Madhya Pradesh project.
Pharma stocks declined as investors grew wary of potential US tariffs following Trump’s 25% duty on car imports, raising fears that pharmaceuticals could be next on the tariff agenda.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
HEROMOTOCO
3.1
TATAMOTORS
-5.5
BAJAJFINSV
2.9
SUNPHARMA
-1.4
INDUSINDBK
2.8
EICHERMOT
-1.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,600
23,400
Bank Nifty
51,000
52,050
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