10 March 2025

Highlights

Markets closed on a negative note with the Nifty 50 falling by 92.20 points and the Sensex by 217.41 points. Nifty FMCG led sectoral gains, rising 0.22%. In stocks, Dr. Lal Pathlabs surged 4.44%, topping gainers, while 360 One Wam dropped 7.97%, the biggest loser.

Headline Indices

Sectors at a Glance

Top Gainers

Company	Today’s Chg	LTP
Nifty FMCGNIFTY FMCG	+0.22%+114.60	52006.40
Nifty MediaNIFTY MEDIA	-0.26%-3.80	1485.15
Nifty Financial ServicesNIFTY FIN SERVICE	-0.34%-79.35	23056.85

Top Losers

Company	Today’s Chg	LTP
Nifty PSU BankNIFTY PSU BANK	-1.86%-110.25	5821.15
Nifty Oil & GasNIFTY OIL AND GAS	-1.90%-191.80	9909.70
Nifty RealtyNIFTY REALTY	-2.04%-16.65	799.70

*Prices shown may have delay up-to 15 minutes

What moved the market?

Top Gainers

Company	Today’s Chg	LTP
Dr. Lal Pathlabs Ltd.LALPATHLAB	+4.44%+110.70	2603.95
Godrej Industries Ltd.GODREJIND	+3.86%+42.85	1152.65
Solar Industries India Ltd.SOLARINDS	+3.70%+350.60	9837.10
Zee Entertainment Enterprises Ltd.ZEEL	+3.39%+3.52	107.49
Sanofi India Ltd.SANOFI	+3.27%+179.00	5660.55

Top Losers

Company	Today’s Chg	LTP
360 One Wam Ltd.360ONE	-7.97%-77.50	895.40
Triveni Turbine Ltd.TRITURBINE	-7.77%-47.65	565.85
JM Financial Ltd.JMFINANCIL	-7.26%-7.08	90.42
Apar Industries Ltd.APARINDS	-6.80%-415.20	5691.40
Sun Pharma Advanced Research Company Ltd.SPARC	-6.77%-9.25	127.35

*Prices shown may have delay up-to 15 minutes

India VIX₹13.99 +3.86%

Nifty Midcap 150₹18,031.10 -1.42%

Nifty Smallcap 250₹14,325.15 -1.90%

Top News of the day

• NaBFID is in advanced talks with the World Bank to share credit risk and enhance ratings of infrastructure corporate bonds, reducing borrowing costs. The PCE facility will guarantee up to 20% of bonds, strengthening India’s bond market.
• India’s pharma market grew 7.5% YoY in February to ₹18,781 crore, driven by new drug launches and price hikes, despite a 0.2% volume decline. Cardiac, gastro, and urology drugs led growth, with major firms posting double-digit gains.
• India’s solar capacity is projected to reach 85-90 GW in FY26-FY27, driven by residential rooftop solar. FY25 additions may double to 30 GW, with policy support and domestic manufacturing key to growth despite challenges like land constraints and net metering policies.
• With pulse prices below MSP, the government plans to increase procurement via Nafed and NCCF to strengthen buffer stocks and support farmers. Tur and chana prices are near or below MSP, with further declines expected as arrivals peak.

Market Highlights

SPML Infra Ltd.₹175.80 +4.88%

SPML Infra, with Vijay Kumar Mishra Construction, secured a ₹617.98 crore Konar Irrigation Project to enhance irrigation over 12,599 hectares in Jharkhand, including canal reconstruction, solar pumps, pipeline networks, and 10-year O&M.

Tata Power Company Ltd.₹352.45 +0.28%

Tata Power Renewable Energy signed an MoU with Andhra Pradesh to develop 7,000 MW of renewable projects, including solar, wind, and hybrid, with a ₹49,000 crore investment, boosting clean energy expansion.

Sun Pharmaceutical Industries Ltd.₹1,611.50 +0.14%

Sun Pharma to acquire Nasdaq-listed Checkpoint Therapeutics for $355 million, offering $4.1 per share in cash. The deal strengthens its presence in immunotherapy and targeted oncology.

SJVN Ltd.₹85.80 -2.23%

SJVN signed an MoU with the Chhattisgarh government and CSPGCL to develop an 1800 MW Pumped Storage Project at Kotpali, with a ₹9500 crore investment and 5000 job opportunities during development.

Omaxe Ltd.₹82.10 -3.25%

Omaxe Group launched New Singapore at World Street, Faridabad, a ₹600 crore project spanning 11.59 acres with 1.5 million sq. ft. of retail space, premium shopping, hospitality, and entertainment, inspired by Singapore.

IPO Corner

SME IPO

Corporate Actions