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Motilal Oswal’s Market Insights: Key Takeaways

The Indian equity markets witnessed a volatile session on March 13, 2025, as global uncertainties weighed on investor sentiment. The Nifty closed at 22,397.20, down by 73.30 points (-0.33%), while the Sensex settled at 73,828.91. According to Motilal Oswal’s latest Market Roundup (MOSt Market Roundup, March 13, 2025), the decline was driven by weak global cues, concerns over a potential trade war, and profit-booking ahead of the Holi holiday.

Market Performance and Global Trends

Global markets also struggled, with Asian and European indices falling by up to 1%. The US index futures remained weak, as investors awaited the release of the US Producer Price Index (PPI) data, which could influence the Federal Reserve’s interest rate trajectory. Additionally, fears of a global trade war led to increased volatility across markets, prompting investors to book profits and adopt a wait-and-watch approach.

Despite positive macroeconomic data, including India’s February inflation cooling to a 7-month low of 3.61% and US inflation dropping to 2.8%, the market struggled to hold onto gains. Motilal Oswal’s analysts noted that while lower inflation numbers indicate easing price pressures, concerns over global trade tensions and fluctuating commodity prices continue to keep investors cautious.

Sectoral Performance and Stock Movement

The report highlighted key sectoral movements, with Nifty Metal, IT, Real Estate, and Auto indices falling by 1-2%. Among the biggest decliners were stocks like PB Fintech, Tata Technologies, Bharat Forge, and Motherson. However, defense stocks witnessed renewed buying interest, supported by strong government orders and export opportunities.

In contrast, the Nifty Defense Index surged over 1%, with notable gainers including BEL, Data Patterns, Mazagon Dock, and Bharat Dynamics, all of which saw gains between 1-4%. Additionally, oil and gas stocks gained traction as the government introduced new policies to promote domestic energy exploration.

Technical and Derivatives Outlook

From a technical perspective, Motilal Oswal’s analysts noted that Nifty formed a bearish candle and an inside bar pattern, indicating sustained selling pressure. The index needs to hold above 22,330 for an upmove toward 22,650-22,800, while key support levels remain at 22,300 and 22,222. Derivatives data suggest a broader trading range between 21,800 and 22,800, with maximum Call OI at 23,000 and maximum Put OI at 22,000.

(Source: MOSt Market Roundup, March 13, 2025, Motilal Oswal)

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