Share Market Weekly
- Share.Market
- 4 min read
- 21 Mar 2025
21st March 2025
Nifty 50 22,350 +879.90 (3.92%)
| Monday | + 0.50% |
| Tuesday | + 1.45% |
| Wednesday | +0.32% |
| Thursday | +1.24% |
| Friday | +0.69% |
What moved the market?
6 sectors
| Nifty Healthcare | +6.90% | Nifty Media | +6.03% |
| Nifty PSU Bank | +6.45% | Nifty Pharma | +5.88% |
| Nifty Energy | +6.15% | Nifty Realty | +5.85% |
Markets this week
| Nifty Midcap 150 | 19,203.30 (+6.60%) |
| Nifty Smallcap 250 | 15,242.30 (+7.39%) |
| India VIX | 12.58 (-8.11%) |
Stocks in the Spotlight
Top Gainers
| Name of the company | Movement | Factors | ||||
| Momentum | Value | Quality | Low Vol | Sentiment | ||
| Garden Reach Shipbuilders & Engineers | 🔼 30.56% | 2/5 | 2/5 | 5/5 | 1/5 | NA |
| Valor Estate | 🔼 28.71% | 2/5 | NA | 3/5 | 3/5 | NA |
Top Losers
| Name of the company | Movement | Factors | ||||
| Momentum | Value | Quality | Low Vol | Sentiment | ||
| Castrol India | 🔻5.89% | 2/5 | 3/5 | 5/5 | 4/5 | NA |
| KEI Industries | 🔻5.36% | 3/5 | 2/5 | 5/5 | 4/5 | 3/5 |
Technical Analysis
Nifty 50
Nifty 50 gained 3.92% this week gaining 879.90 points and closing at 23,350. The index has its next support level around the 22,800 – 22,900 range and resistance at the 23,550 – 23,650 range
Nifty Midcap 150
The Nifty Midcap 150 ended positively this week, gaining around 1,189 points closing at 19,203 on Friday.
Looking ahead, a strong support level is seen in the 17,800 – 18,000 range, while resistance is at 19,700 – 19,900, which could be tested in the coming sessions.
Nifty Smallcap 250
The Nifty Smallcap 250 gained 7.39% this week, gaining almost 1,048 points and closed at 15,242. The index has strong support at the 14,000 – 14,200 levels and faces immediate resistance at 15,900 – 16,000 levels.
Manappuram Finance Set for Next Growth Phase with Bain Capital’s ₹4,385 Crore Investment
Global private equity giant Bain Capital has announced a major investment of ₹4,385 crore for an 18% stake in Manappuram Finance, capitalizing on the surge in gold prices that has boosted demand for gold-backed loans. The investment will be through a preferential allotment of equity shares and warrants at a price of ₹236 apiece. After the investment, Bain will be classified as a promoter and will jointly control the company with the existing shareholders.
Indian households are the world’s second-largest buyers of gold. With gold prices at record highs, taking loans against gold has become more attractive. According to PwC, India’s gold loan market is expected to grow to ₹14.19 trillion by FY2029, growing at an average rate of 14.85% per year over the next five years.
The deal is expected to close by the second or third quarter of Financial Year 2026 and will trigger a mandatory open offer for an additional 26% stake at the same price. Depending on the open offer response, Bain Capital’s total stake could range from 18% to 41.7%, while the promoters will retain a 28.9% stake.
Manappuram Finance, a leading player in gold loans, vehicle finance, and microfinance, stands to gain significantly. Bain Capital’s entry is expected to boost growth, improve operations, strengthen leadership, and help expand into new lending segments, positioning the company for its next phase of transformation.
Buzz
The Role of Doji Candlesticks in Identifying Trend Reversals
This article examines Doji candlestick patterns — Perfect, Dragonfly, and Gravestone — highlighting their role in signaling market indecision and trend reversals. It evaluates their effectiveness using 13 years of daily and 5-minute data from major indices like Nifty 50, Bank Nifty, Sensex, and Bankex.
Read More
