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Defense Stocks Surge, IndiGo Hits Record High, IT Gains on Fed Rate Cut Hints
Defense Stocks Surge, IndiGo Hits Record High, IT Gains on Fed Rate Cut Hints
Written by - Fisdom Research
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March 20, 2025
2 minutes
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Market Snapshot
Indian equity markets extended their winning streak for the fourth consecutive session on March 20, supported by positive global cues.
The rally was driven by the US Federal Reserve’s decision to keep benchmark interest rates unchanged while signaling potential rate cuts later this year.
All sectoral indices ended in the green, with Metal, Media, IT, FMCG, Auto, Consumer Durables, Realty, and Telecom sectors gaining around 1% each.
The Auto and FMCG sectors led the market gains, reflecting strong buying interest.
Buying was concentrated in index-based stocks, resulting in relative underperformance by the Midcap and Smallcap segments.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
1.6
NIFTY MEDIA
1.2
NIFTY AUTO
1.4
NIFTY METAL
1.2
NIFTY FMCG
1.3
NIFTY CONSUMER DURABLES
1.2
NIFTY IT
1.3
NIFTY HEALTHCARE INDEX
1.1
Top News
Shares of Indian defense companies surged as German lawmakers approved increased defense spending, boosting investor sentiment amid India’s push for self-reliance and exports.
InterGlobe Aviation (IndiGo) hit a record high, rising 4% as the company outlined plans to double capacity in five years and expand its international market share to 40% by FY30.
IT stocks, including Infosys, Tech Mahindra, and TCS, gained after US Fed Chair Jerome Powell downplayed trade war concerns and signaled potential rate cuts later this year.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BHARTIARTL
4.1
INDUSINDBK
-1.1
TITAN
3.5
BAJFINANCE
-0.6
EICHERMOT
2.6
TRENT
-0.3
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,000
23,320
Bank Nifty
49,000
50,350-50,500
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