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Hexaware Partners with MLC Team, Asian Paints Hits 3-Year High, and Metal Stocks Rally on China Stimulus
Hexaware Partners with MLC Team, Asian Paints Hits 3-Year High, and Metal Stocks Rally on China Stimulus
Written by - Fisdom Research
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March 6, 2025
2 minutes
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Market Snapshot
Stocks extended gains, pushing the Nifty 50 to a two-week high above 22,500, while the Sensex closed firmly above 74,000.
The rally was fueled by positive Asian market cues after US President Trump announced a one-month delay on fresh tariffs for automakers.
Crude oil prices remained below $70 per barrel, further supporting market sentiment.
The RBI’s liquidity-enhancing measures provided an additional boost to banking and financial stocks.
All sectoral indices ended in the green except the real estate index, with FMCG, metal, oil & gas, and pharma sectors rising 1-2%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY OIL & GAS
2.6
NIFTY FMCG
1.2
NIFTY METAL
2.3
NIFTY MEDIA
1.0
NIFTY PHARMA
1.5
NIFTY AUTO
0.8
NIFTY HEALTHCARE INDEX
1.2
NIFTY PSU BANK
0.7
Top News
Hexaware Technologies rose 3% to ₹828 after announcing a partnership with Major League Cricket (MLC) team San Francisco Unicorns, featuring branding on team helmets and caps through the 2026 season.
Asian Paints surged nearly 5% to ₹2,267, reaching a three-year high, as crude oil prices tumbled, lowering input costs and improving profit margins for paint manufacturers.
Metal stocks extended gains for the fourth straight session, with Nifty Metal rising 3% to 8,918, as investor sentiment remained strong amid China’s stimulus package and a weaker US dollar.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ASIANPAINT
4.8
TECHM
-2.4
COALINDIA
3.8
TRENT
-1.1
BPCL
3.6
BEL
-0.9
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