Realty Stocks Rebound, Mobikwik Surges, and Banks Gain
Written by - Fisdom Research
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March 18, 2025
2 minutes
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Market Snapshot
Indian equity indices extended gains for the second consecutive session.
Nifty surged past 22,850 intraday, driven by broad-based buying.
All sectoral indices closed in the green, with strong gains in:
Auto, Capital Goods, Consumer Durables, Metal, Power, Realty, and Media, up 2-3%.
Broader markets outperformed benchmark indices: BSE Midcap and Smallcap indices gained over 2% each
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
3.6
NIFTY PSU BANK
2.3
NIFTY REALTY
3.2
NIFTY METAL
2.1
NIFTY CONSUMER DURABLES
2.6
NIFTY BANK
2.0
NIFTY AUTO
2.4
NIFTY PRIVATE BANK
1.9
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
ICICIBANK
3.4
BAJAJFINSV
-1.3
LT
3.1
TECHM
-0.5
SHRIRAMFIN
3.0
BHARTIARTL
-0.4
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,600
23,000 – 23,100
Bank Nifty
48,600
50,000
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