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Research Periodic Report 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

March 27, 2025 2 minutes

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

Trade Ideas Update

  • Our trade ideas success rate has 84% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
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