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Research Periodic Report Metal Stocks Rally, Moody’s Warns on US Tariffs, and HUDCO Gains on ₹11,000-Crore Amaravati Deal

Metal Stocks Rally, Moody’s Warns on US Tariffs, and HUDCO Gains on ₹11,000-Crore Amaravati Deal

Written by - Fisdom Research

March 17, 2025 2 minutes

Market Snapshot

  • Benchmark indices started the week on a strong note, with the Nifty 50 rising 0.5% to close above 22,500 amid supportive global cues. 
  • Market breadth remained weak despite the positive momentum. 
  • Key indices opened higher, tracking global markets, but faced profit booking at higher levels. 
  • Sectoral Performance: Gainers: Auto, Banking, Metals, Power, and Pharma sectors gained 0.5% – 1.5%.
  • Losers: Realty and Media sectors declined 0.5% each.

Sectoral Trends

Sector Name % Change Sector Name % Change
NIFTY PHARMA 1.6 NIFTY AUTO 0.9
NIFTY HEALTHCARE INDEX 1.5 NIFTY METAL 0.8
NIFTY FINANCIAL SERVICES 1.0 NIFTY BANK 0.6
NIFTY PRIVATE BANK 0.9 NIFTY CONSUMER DURABLES 0.2

Top News

  • Metal stocks rallied on March 17, pushing the Nifty Metal index up nearly 1%, as a weaker dollar and concerns over US reciprocal tariffs boosted sentiment, with APL Apollo Tubes leading gains at 3%.
  • Moody’s warned that South and Southeast Asian companies in automotive, steel, chemicals, and business services sectors are most exposed to the US’s upcoming reciprocal tariffs from April 2, particularly in countries like India with a high trade deficit.
  • HUDCO surged 3.5% after signing an ₹11,000-crore loan agreement with Andhra Pradesh’s Capital Region Development Authority for building Amaravati, the state’s greenfield capital.

Top Gainers and Losers

Top Gainers % Change Top Losers % Change
DRREDDY 3.9 WIPRO -1.5
SBILIFE 3.9 BPCL -1.1
BAJAJFINSV 3.7 HEROMOTOCO -1.1

Technical Outlook: Key Indices

Indices Name Support Resistance
Nifty 22,320 22,620
Bank Nifty 47,600 48,800

Trade Ideas Update

  • Our trade ideas success rate has 64% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
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