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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 | % Decline | Top 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.