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Tata Motors Slips on Weak Sales, Oil Stocks Rally on Policy Overhaul, and L&T Wins Saudi Contract
Tata Motors Slips on Weak Sales, Oil Stocks Rally on Policy Overhaul, and L&T Wins Saudi Contract
Written by - Fisdom Research
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March 13, 2025
2 minutes
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Market Snapshot
Benchmark indices ended lower in a volatile session, with Nifty slipping below 22,400, despite positive industrial production and retail inflation data.
Markets opened higher with Nifty above 22,500, but mid-session profit booking erased gains, pushing indices to close near the day’s low.
For the week, both Nifty and Sensex declined 0.7%, marking a weak close.
Sectoral performance was mixed, with auto, IT, metal, media, and realty falling 0.5-1%, while PSU Bank index gained 0.5%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
0.4
NIFTY FINANCIAL SERVICES
-0.2
NIFTY BANK
0.0
NIFTY PHARMA
-0.2
NIFTY PRIVATE BANK
-0.1
NIFTY HEALTHCARE INDEX
-0.3
NIFTY FMCG
-0.2
NIFTY OIL & GAS
-0.4
Top News
Tata Motors fell over 2% to ₹655, impacted by muted February auto sales data from SIAM and reports that Jaguar Land Rover has scrapped plans to build EVs in India.
Oil India surged 4%, along with ONGC and RIL, after the government approved the Oilfield Amendment Bill, 2024, modernizing petroleum laws and expanding exploration opportunities.
L&T gained after securing a contract worth up to ₹5,000 crore in Saudi Arabia to build the Ras Mohaisen Desalination Plant, which will provide drinking water for over one million people.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BEL
1.2
SHRIRAMFIN
-2.7
SBIN
0.7
HEROMOTOCO
-2.3
CIPLA
0.4
TATAMOTORS
-2.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,350
22,550
Bank Nifty
47,600
48,500
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