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Realty Stocks Rebound, LIC Increases Stake in Granules India, and AstraZeneca Expands Cancer Drug Approval
Realty Stocks Rebound, LIC Increases Stake in Granules India, and AstraZeneca Expands Cancer Drug Approval
Written by - chandrashekar
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March 3, 2025
2 minutes
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Market Snapshot
Indian equity indices closed marginally lower, experiencing high volatility due to mixed global and domestic cues.
Positive domestic factors such as strong GDP data and rising GST collections provided support to the market.
However, uncertainty over global trade and the Ukraine peace deal weighed on investor sentiment.
The Nifty50 index remained in the red for the ninth consecutive session, reflecting continued selling pressure.
The BSE Sensex also ended lower for the second straight day, highlighting persistent market weakness.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
1.3
NIFTY HEALTHCARE INDEX
0.4
NIFTY METAL
1.2
NIFTY PHARMA
0.3
NIFTY CONSUMER DURABLES
0.9
NIFTY AUTO
0.2
NIFTY IT
0.8
NIFTY FMCG
0.2
Top News
The Nifty IT index sank nearly 4% for the seventh session as US tariff threats and Nvidia’s results hit sentiment. Persistent Systems and Tech Mahindra fell 5%, while Wipro, Coforge, and Mphasis lost over 4%.
HDFC Bank gained about 2 percent today continuing to enjoy gains with the RBI’s latest move to lower risk weights.
Coal India rose 2% after its unit, NCL, announced a ₹300/tonne levy from May 2025, expected to add ₹3,877.5 crore in revenue, boosting sentiment.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BEL
4.6
BAJAJ-AUTO
-2.4
GRASIM
3.2
COALINDIA
-2.4
EICHERMOT
2.9
RELIANCE
-2.2
Trade Ideas Update
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