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In a highly volatile trading session, the Indian equity markets witnessed a sharp recovery in the final leg of trading on Monday, March 3, 2025. Despite the late pullback, both the NSE Nifty and BSE Sensex ended the day in negative territory.

  • Nifty 50 closed slightly lower by 5.4 points, settling at 22,119.30, just above the crucial 22,100 mark.
  • BSE Sensex recovered during afternoon trade but still ended 112.16 points down at 73,085.94.
  • Midcap stocks showed resilience as the Nifty Midcap Index jumped over 2% from the day’s low.

Market Volatility Throughout the Day

The session saw wild swings, with indices opening strong but dipping sharply before staging a partial recovery.

11:00 AM – Market Turns Negative

  • The Sensex plunged below 73,000, touching 72,955, nearly 720 points off its intraday high.
  • The Nifty fell 71 points, hitting a low of 22,062, over 210 points lower than its early peak.

Opening Trade – Strong Start

  • Sensex surged 449.33 points, reaching 73,647.43 at the opening bell.
  • Nifty jumped 106.1 points, touching 22,230.8.
  • However, the gains evaporated within 30 minutes, as selling pressure took over.

Recovery in the Last Hour

  • Both indices clawed back losses but failed to turn positive by the close.

Sector and Stock Performance

Sensex Movers (Top Gainers & Losers)

Top Losers% DeclineTop Gainers% Rise
Reliance Industries-2.17%UltraTech Cement+2.21%
Bajaj Finserv-1.98%Bharti Airtel+2.15%
HDFC Bank-1.72%NTPC+1.89%
Adani Ports-1.58%Infosys+1.45%
Maruti Suzuki-1.32%Bajaj Finance+1.31%

Market Breadth

  • Total stocks traded on BSE: 4,234
  • Advancers: 1,237
  • Decliners: 2,844
  • Unchanged: 153

Expert Opinions on Market Trends

Economic Growth & Market Sentiment

Vinod Nair, Head of Research at Geojit Financial Services, said:

“The market recovered from intraday lows due to strong economic growth, improving consumption, and expansion in the agricultural sector. However, sustained recovery depends on global trade conditions, which remain uncertain."

Technical Analysis & Market Outlook

Vatsal Bhuva, Technical Analyst at LKP Securities, provided key insights:

  • Nifty found support near 22,000, holding above the 38.2% Fibonacci retracement level of 22,043.
  • The RSI (Relative Strength Index) is at 22, indicating highly oversold conditions—suggesting a short-term bounce toward 22,475.
  • Broad Market Trend: Bearish; traders should adopt a sell-on-rise strategy unless Nifty decisively closes above 22,600.
  • Key Levels to Watch:
    • Resistance: 22,300
    • Immediate Support: 22,000
    • Next Support (if breached): 21,800

Key Takeaways for Investors

Short-term bounce likely, but overall trend remains bearish.
22,000 is a critical support level—a breach could lead to further downside.
Caution advised until Nifty crosses 22,600 decisively.
Midcap stocks showing strength, signaling select buying interest.

With global trade uncertainties looming, investors should remain vigilant, follow technical levels, and watch for key macroeconomic indicators before making trading decisions.