USD/INR: Rupee Gains as Weak US Data Weighs on Dollar in Week Ending March 7, 2025

The Indian rupee has shown strength this week, gaining momentum as weak US economic data weighed on the dollar. However, a drop in forward premiums following the Reserve Bank of India’s (RBI) recent liquidity measures suggests that market dynamics remain fluid.

USD/INR spot traded down 0.12% at 86.93 at 3:10 PM against the previous close of 87.03 yesterday. The pair has dropped 0.5% so far this week.

Rupee Strengthens Amid Dollar Weakness

The rupee closed at 86.95 on Wednesday, marking a 0.3% rise—its biggest single-day gain since February 11. This appreciation came as the dollar index dropped to 104.1, its lowest level since November 2024, reflecting concerns over slowing economic activity in the United States.

US economic data has raised red flags about a potential slowdown, prompting expectations that the Federal Reserve may adopt a more dovish stance on interest rates, as per news reports.

As a result, the dollar weakened against major global currencies, providing a boost to the Indian rupee.

RBI’s Liquidity Measures Impact Forward Premiums

Despite the rupee’s gains, forward premiums—a key indicator of future currency movements—fell to 2.02% on Thursday from 2.17% a day earlier. This decline followed the RBI’s announcement of new liquidity-boosting measures, including a dollar-rupee buy-sell swap aimed at supporting domestic liquidity.

The move is expected to stoke demand for dollars in the short term, creating potential fluctuations in the USD/INR exchange rate.

Market Awaits US Jobs Data for Further Cues

Looking ahead, traders will be closely watching the US non-farm payroll data, set to be released on Friday after market hours. This report will provide key insights into the US labor market and could influence the Federal Reserve’s future monetary policy decisions.

If the data points to further economic weakness, the dollar may continue to face pressure, potentially benefiting the rupee. However, any signs of resilience in the US job market could lead to a reversal in the rupee’s recent gains.

Conclusion

The rupee has gained ground this week, supported by a weaker dollar. However, with RBI’s liquidity measures influencing forward premiums and the upcoming US jobs data set to provide fresh market cues, volatility in the USD/INR pair remains a possibility. Traders and investors should stay alert to further developments in the global and domestic economic landscape.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Stocks That Hit Circuit Limits On March 7, 2025: Zen Technologies, Acme Solar and More

On March 7, 2025, BSE Sensex closed 7.51 pts lower at 74,332.58, while Nifty50 closed with a slight uptick of 7.8 pts at 22,552.50. Even as the markets remained steady, stocks like Zen Technologies, KPI Green and Acme Solar hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Lower Circuit on March 7, 2025

Symbol LTP (₹) % Change Price Band % Volume (Lakhs) Value (₹ Crores)
VLEGOV 44.44 -5 5 8.43 3.86
COFFEEDAY 29.95 -4.86 5 10.08 3.05
FRESHARA 141 -2.39 5 2.02 2.81
DYNAMIC 164.95 -0.21 5 1.7 2.7
TAC 1,200.95 -5 5 0.16 1.93

Stocks That Hit Upper Circuit on March 7, 2025

Symbol LTP (₹) % Change Price Band % Volume (Lakhs) Value (₹ Crores)
ZENTEC 1,259.75 6.66 10 17.18 218.4
KPIGREEN 405 3.41 5 14.14 57.46
BLUEJET 837.4 5 5 6.72 55
PTCIL 12,290.00 3.2 5 0.32 39
ACMESOLAR 209 3.04 5 16.55 34.66

Overview of Companies Hitting Circuits Today

  • Zen Technologies

Zen Technologies saw a strong gain of 6.66%, closing at ₹1,259.75, up ₹78.65 from its previous close of ₹1,181.10. The stock opened at ₹1,193.90 and reached an intraday high of ₹1,299.20, indicating strong bullish momentum.

  • KPI Green Energy

KPI Green Energy gained 3.41%, closing at ₹405, up ₹13.35 from its previous close of ₹391.65. The stock opened at ₹391.65, with a high of ₹411.20 and a low of ₹390.90, reflecting steady buying interest throughout the session.

  • Blue Jet Healthcare

Blue Jet Healthcare surged 5%, closing at ₹837.40, up ₹39.85 from the previous close of ₹797.55. The stock opened at ₹796 and touched a low of ₹765.05 before hitting its upper circuit at the day’s high of ₹837.40.

  • Acme Solar Holdings

Acme Solar Holdings gained 3.04%, closing at ₹209, up ₹6.16 from its previous close of ₹202.84. The stock opened at ₹203.25 and traded within a range of ₹202.02 – ₹212.98, showing a steady uptrend.

  • Coffee Day Enterprises

Coffee Day Enterprises declined by 4.86%, closing at ₹29.95, down ₹1.53 from its previous close of ₹31.48. The stock opened at ₹30, with an intraday high of ₹31.25 and a low of ₹29.90, reflecting selling pressure throughout the day.

Conclusion

The stock market remained largely stable on March 7, 2025, with benchmark indices closing almost flat. Despite the muted overall movement, several stocks, including Zen Technologies, KPI Green, and Acme Solar, hit their circuit limits, reflecting strong stock-specific momentum. These price movements indicate selective investor interest in certain sectors.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Passenger Vehicle Sales Dip 10% in February Amid Slowing Demand

India’s passenger vehicle market witnessed a decline in February, with retail sales dropping 10% YoY to 3,03,398 units. Hyundai Motor India, a long-time No. 2 player, slipped to fourth place, trailing behind Mahindra & Mahindra and Tata Motors. Slowing demand and inventory concerns contributed to the dip, dealers’ body Federation of Automobile Dealers Associations said on Thursday.

Passenger Vehicle Sales Drop in February

The Indian passenger vehicle market witnessed a 10% decline in retail sales in February, with total sales dropping to 3,03,398 units from a year ago. The slowdown was attributed to weak consumer sentiment, lower inquiry volumes, and inventory imbalances.

Hyundai Slips to Fourth Place

Hyundai Motor India, which has long held the second position in India’s passenger vehicle market, slipped to fourth place in February. The automaker recorded retail sales of 38,156 units, marking a steep 20% decline from 47,540 units in February 2024. Hyundai’s market share also dropped from 14.05% to 12.58%.

Mahindra & Tata Overtake Hyundai

Mahindra & Mahindra secured the second spot in the rankings with sales of 39,889 units, gaining market share from 11.74% last year to 13.15%. Tata Motors followed closely with 38,696 units, although its market share dipped slightly from 13.51% to 12.75%.

Maruti Suzuki Remains the Market Leader

Maruti Suzuki India continued to dominate the passenger vehicle segment, selling 1,18,149 units in February. However, its market share remained nearly flat at 38.94%, compared to 39.34% in February 2024.

Industry-Wide Decline in Auto Sales

The overall automobile retail sales, including two-wheelers and commercial vehicles, fell 7% in February, according to the Federation of Automobile Dealers Associations (FADA). Dealers reported concerns over rising inventory levels, weak demand, and economic pressures such as liquidity constraints and inflation.

Conclusion

February proved to be a challenging month for the auto sector, with passenger vehicle sales taking a hit. Hyundai’s decline in rankings highlights shifting market dynamics, with Mahindra and Tata Motors gaining ground. However, upcoming festivals and year-end benefits may provide some recovery in March.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

IndusInd Bank Share Price in Focus; Drops for the 3rd Straight Day on March 7, 2025

As of March 7, 2025, at 11:44 AM, IndusInd Bank’s share price stood at ₹946.10, marking a decline of 2.63% (-₹25.60) from its previous close of ₹971.70. The stock opened at ₹971.00, reaching an intraday high of ₹976.60 before dipping to a low of ₹942.60.

Bulk Deal Triggers Stock Decline

The offloading of shares by Integrated Core Strategies through a bulk deal earlier this week has weighed on investor sentiment, leading to a sharp decline in IndusInd Bank’s stock price.

Large institutional trades of this scale often influence market perception, prompting heightened trading activity and potential short-term volatility.

Q3 FY25 Financial Performance

IndusInd Bank’s weak Q3 FY25 performance has added pressure on its stock, amplifying investor concerns. The bank reported a 39% year-on-year decline in net profit, falling to ₹1,401 crore from ₹2,301 crore in the previous year.

Provisions and contingencies surged 87% to ₹1,744 crore, highlighting the bank’s cautious stance on asset quality. Additionally, the gross non-performing assets (GNPA) ratio worsened to 2.25%, up from 2.11% in the prior quarter and 1.92% a year ago.

Stress in the microfinance segment also intensified, with NPAs rising to ₹2,432 crore from ₹2,259 crore in the previous quarter, now accounting for 9% of the total loan book.

Furthermore, net interest income (NII) declined to ₹5,228 crore from ₹5,296 crore a year earlier, reflecting pressure on the bank’s core earnings. These factors collectively weighed on investor sentiment, contributing to the stock’s recent downturn.

Conclusion

The combination of a large institutional sell-off, weak Q3 financials, and rising stress in the microfinance segment has led to a sharp correction in IndusInd Bank’s stock.

While the bank remains a key player in the private sector banking space, investors will likely keep a close watch on further developments, particularly regarding asset quality and provisions in the coming quarters.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

JSW Steel Share Price Rises for 3rd Straight Day on Strong Demand, Policy Tailwinds

JSW Steel Limited’s share price edged up 0.43% to ₹1,015.45 as of March 7, 2025, at 11:21 AM. The stock opened at ₹1,011, touching an intraday high of ₹1,020.40 and a low of ₹1,005.55. The volume-weighted average price (VWAP) stood at ₹1,015.46

Potential Safeguard Duty Could Drive Steel Prices Higher

The Indian Ministry of Steel is currently investigating the impact of rising imports on the domestic steel sector, with the inquiry launched in December 2024.

While the process may take up to 6 months, industry experts believe the government could introduce a provisional safeguard duty, similar to the one imposed in FY16. If implemented at 12%, the duty could push domestic steel prices up by ₹2,000-₹2,500 per tonne, as the cost of imported steel would rise by approximately ₹4,000 per tonne.

This could significantly boost Indian steelmakers’ EBITDA per tonne, improving their overall profitability, as per news reports.

Q3 FY25 Financial Highlights

JSW Steel reported a 70.3% year-on-year (YoY) drop in consolidated net profit, posting ₹717 crore for Q3 FY25, primarily due to lower steel prices. In comparison, the company had recorded ₹2,415 crore in profit during the same period last year and ₹439 crore in Q2 FY25.

Consolidated revenue stood at ₹41,378 crore, reflecting a 1.3% decline YoY from ₹41,940 crore. Both revenue and profit fell short of Bloomberg estimates by 1% and 3%, respectively.

JSW Steel achieved its highest-ever quarterly consolidated crude steel production, reaching 7.03 million tonnes (mt) in Q3 FY25, marking a 2% YoY and 4% QoQ increase.

Steel sales for the quarter stood at 6.71 mt, reflecting a 12% YoY and 10% QoQ rise. Exports from Indian operations accounted for 8% of total sales, up from 7% in Q2 FY25.

Conclusion

JSW Steel’s continued stock rally reflects strong market confidence, supported by robust demand, potential policy interventions, and record-high production figures. While the company faced profit declines due to lower steel prices, its operational resilience, growing sales, and strategic positioning in the industry remain positive indicators for future growth.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

KPIL Share Price Surges Over 6% After Securing ₹2,306 Cr Orders in Power and Infrastructure

Kalpataru Projects International Limited (KPIL) saw a notable rise in its share price, climbing 3.46% to ₹948.80 as of 10:20 AM on March 7, 2025. The stock opened strong at ₹950, reaching an intraday high of ₹978, while the low stood at ₹942.65.

New Order Details

Kalpataru Projects International Limited (KPIL) has secured new orders worth ₹2,306 crores, reinforcing its leadership in the Transmission & Distribution (T&D) and Buildings & Factories (B&F) sectors.

This announcement highlights KPIL’s continued growth in key international markets and its strong foothold in India’s infrastructure sector.

Breakdown of the New Orders

The newly awarded contracts include:

  • Overseas Transmission & Distribution (T&D) projects – Strengthening power infrastructure in global markets.
  • Building & Factory projects in India – Expanding the company’s presence in domestic infrastructure development.

Robust Order Pipeline and Future Growth

With these new orders, KPIL’s total order intake for FY25 has now reached ₹22,500 crores, providing strong revenue visibility for the upcoming quarters. The company’s ability to secure large-scale projects reflects its competitive edge, advanced engineering expertise, and commitment to executing complex infrastructure projects.

About Kalpataru Projects International

Kalpataru Projects International Limited (KPIL) is one of the largest Engineering, Procurement, and Construction (EPC) firms, specialising in Power Transmission & Distribution, Buildings & Factories, Water Supply & Irrigation, Railways & Urban Mobility (Flyovers & Metro Rail), Highways & Airports, and Oil & Gas Pipelines.

With a strong presence in over 30 countries and a global footprint extending to 75 countries, KPIL has established itself as a leader in sustainable and high-quality infrastructure development.

Conclusion

KPIL’s latest order wins further solidify its global presence and growth strategy. With a strong order book and a diverse portfolio, the company remains well-positioned to drive sustainable infrastructure development across the world. As power demand rises and urbanisation accelerates, KPIL’s expertise in EPC will play a vital role in shaping the future of energy and infrastructure.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

RITES Share Price Rises Over 4% as It Secures ₹27.96 Cr High-Speed Rail Corridor Contract

RITES Limited’s share price surged 4.54% to ₹222.46 at 10:00 AM on the NSE, opening at ₹215 and hitting an intraday high of ₹225. Today’s rise extends a three-session gaining streak, of over 7%.

RITES Railway Project Details

In a significant development for India’s railway infrastructure, RITES Ltd., a leading engineering consultancy firm, has secured a ₹27.96 crore contract from South Central Railway.

The project involves conducting a Final Location Survey (FLS) using advanced Airborne and Terrestrial LiDAR technology for the High-Speed Elevated Rail Corridor connecting Hyderabad to Bengaluru and Hyderabad to Chennai.

The Hyderabad-Bengaluru and Hyderabad-Chennai corridors are expected to reduce travel time, enhance economic growth, and contribute to sustainable urban development.

Scope of Work: Enhancing Rail Connectivity

The awarded contract requires RITES to carry out comprehensive planning and survey activities, including:

  1. Preparation of a Detailed Project Report (DPR)
  2. Final Alignment Design
  3. Traffic Survey Report
  4. Rate of Return (ROR) calculations
  5. Detailed Estimate Preparation
  6. Engineering, Procurement, and Construction (EPC) document development

Project Timeline and Execution

The contract is set to be completed within an 8-month timeframe, showcasing RITES’ efficiency and expertise in executing large-scale railway projects. The use of modern survey techniques like LiDAR technology will ensure precision and accuracy, optimising the project’s feasibility and design.

Conclusion

RITES’ involvement in this ambitious project reinforces its position as a trusted partner in India’s railway modernisation efforts. The use of cutting-edge survey technologies will pave the way for efficient project execution and enhanced passenger experience. With such initiatives, India moves one step closer to achieving a world-class high-speed rail network.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Sun TV Shares in Focus as Board Meets Today to Consider Dividend; Record Date Set for March 13

Sun TV Network Limited, one of India’s leading television broadcasters, is in the spotlight as investors keenly watch for the company’s upcoming dividend declaration. The Board of Directors is scheduled to meet on March 7, 2025, to decide on an interim dividend, if any, the company said in a press release on the stock exchanges.

Sun TV’s Board Meet Announcement Details

Sun TV Network Limited has scheduled a Board Meeting on March 7, 2025, to consider the declaration of an interim dividend.

The company has also confirmed that the trading window is closed from March 4, 2025, to March 9, 2025, in compliance with insider trading regulations. Investors are watching closely as the board’s decision on the dividend could impact the company’s stock performance.

The company has also announced March 13, 2025, as the record date, determining the shareholders eligible for the payout.

Sun TV’s Dividend Payment History

Sun TV Network Limited has consistently rewarded its shareholders with regular interim dividends over the past year. Earlier, the company declared ₹5 per share on November 13, 2024, and August 7, 2024, both maintaining a strong payout trend.

Additionally, ₹3 per share was declared on March 27, 2024, and another ₹2.5 per share on February 8, 2024.

Share Price Performance

As of March 7, 2025, Sun TV Network Limited’s stock is trading at ₹565.10 at 9:35 AM on the NSE, reflecting a marginal increase of 0.10% (₹0.55) from the previous close of ₹564.55.

The stock opened at ₹569.90, which also marked the day’s high, while the lowest price recorded so far is ₹562.05.

Conclusion

Sun TV’s upcoming Board Meeting on March 7, 2025, and the record date of March 13, 2025, have placed the stock under investor scrutiny.

As the media giant continues to expand its market presence, its dividend decision will be crucial for shareholders looking for consistent returns. Market participants will now await the official announcement to gauge the company’s financial strategy moving forward.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

GIPCL Shares in Focus; Invests in Vadodara Jal Sanchay’s Wastewater Treatment Project

Gujarat Industries Power Company Limited (GIPCL) has announced its participation in the right issue of Vadodara Jal Sanchay Private Limited (VJSPL). The company has invested ₹3.60 crores in equity shares in proportion to its existing shareholding in VJSPL, the company said in a press release on the stock exchanges.

Sustainable Investments with Wastewater Treatment Initiative

This investment is aimed at funding the Tertiary Treatment of Waste Water (TTWW) Project, an initiative focused on advanced water purification methods that enhance the usability of treated wastewater.

By contributing to this initiative, GIPCL reaffirms its commitment to sustainable and responsible industrial practices.

Vadodara Jal Sanchay’s Role in Advanced Wastewater Treatment

VJSPL, a Special Purpose Vehicle (SPV), is spearheading the TTWW project to recycle and repurpose wastewater effectively.

By leveraging advanced treatment methods, the initiative aims to improve water quality and reduce dependency on freshwater resources, aligning with India’s growing focus on sustainability.

GIPCL Share Price Performance

Gujarat Industries Power Company Limited (GIPCL) witnessed a positive movement in its share price on March 7, 2025.

The stock opened at ₹170.60, slightly lower than its previous close of ₹170.85. However, it quickly gained momentum, reaching an intraday high of ₹172.61 at 9:25 AM on the NSE.

Conclusion

GIPCL’s participation in the right issue of VJSPL marks a significant step toward advancing sustainable wastewater treatment solutions. As industries increasingly focus on environmental conservation and resource efficiency, initiatives like the TTWW project will play a crucial role in shaping the future of water management in India.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Stocks To Watch Today on March 07, 2025: RVNL, TCS, RITES and More in Focus

Indian markets are expected to be impacted today. At 8:25 AM, GIFT Nifty futures were up by 42 points at 22,569.50.

In the previous session, the Sensex surged by 609.86 points (0.83%) to 74,340.09, while the Nifty50 jumped by 207.40 points (0.93%) to 22,544.70.

Here are the key stocks to watch today on March 07, 2025:

RITES

State-owned RITES has received a letter of acceptance (LoA) from South Central Railway for conducting the final location survey for high-speed elevated rail corridors between Hyderabad-Bengaluru and Hyderabad-Chennai—the contract, valued at ₹27.96 crore (excluding GST).

RVNL

State-run RVNL has been awarded an engineering, procurement, and construction (EPC) contract worth ₹156.36 crore (including applicable taxes) by South Western Railway. The project involves designing, supplying, installing, and commissioning a 2X25 KV overhead electrification (OHE) & power supply installation (PSI) system

Brigade Enterprises

Brigade Enterprises has unveiled Brigade Altius, a high-end residential project in Sholinganallur, a prime area in Chennai’s IT corridor. Covering 6.5 acres with a total development space of 1.4 million square feet, the project comprises three 43-story towers, standing at approximately 143 metres

Kalpataru Projects

Kalpataru Projects and its international subsidiaries have secured new contracts and awards amounting to ₹2,306 crore. The newly acquired projects include transmission and distribution (T&D) assignments overseas and infrastructure development initiatives within India.

Bajaj Finserv 

Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance, both unlisted subsidiaries of Bajaj Finserv, have released their February 2025 premium collection data. Bajaj Allianz General Insurance posted a gross direct premium of ₹1,219 crore for February 2025, bringing total premiums underwritten up to ₹20,006 crore for the financial year.

TCS

India’s leading IT services firm, TCS, has expanded its partnership with Northern Trust, a global financial institution, to streamline custody operations across 99 direct and global markets. TCS will deploy its TCS BaNCS Global Securities Platform, enhancing efficiency in managing Northern Trust’s $17.4 trillion in assets under custody and administration as of December 31, 2024.

Conclusion

The Indian markets are poised for potential shifts today, with focus on stocks such as RVNL, Brigade Enterprises, Kalpataru Projects, RITES, Bajaj Finserv, Biocon, and TCS, which are making headlines due to major contracts, partnerships, regulatory approvals, and leadership changes.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.