Weekly market update, Mar 07, 2025

The Indian benchmark indices snapped its three-week rout by registering the best weekly gains in three months. On weekly basis, the Nifty 50 and Sensex gained 1.93% and 1.55%, respectively. While the BSE Midcap and BSE Smallcap surged 3.36% and 5.86% respectively, reflecting strong momentum in the broader market despite macroeconomic uncertainties. The market sentiment improved following a weaker dollar and a decline in crude oil prices, which helped stabilize financial markets. On the domestic front, Reserve Bank of India (RBI) announced its decision to infuse liquidity into the system added to the positive momentum. On sectoral front, The Nifty Metal was the top gaining sectoral index for the week. The Nifty Pharma, Auto, IT, Finserv and Bank snapped their three-week losing streaks. The Nifty FMCG snapped its four-week losing streak.

The upcoming week is a shortened trading week as the exchanges will be closed on March 14 for Holi. Analysts expect that investors will closely monitor key factors including fresh updates on tariff negotiations, geopolitical tensions, and their impact on the movement of the U.S. dollar and crude oil prices. India’s latest industrial production and consumer price index is set to be released this week, along with key economic data like the US CPI and initial jobless claims figures.

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