Weekly Market Recap: Nifty and Sensex Closed in Red on Mar 7

The week ended March 7, 2025, saw the Indian stock market end flat, whereby Nifty 50 ended up, 0.03% to 22,552.50, while BSE Sensex was down 0.01% to 74,332.58. Nifty 50 and BSE Sensex closed 3 sessions in red during the week.

Roundup of Major News This Week

• India’s GST collection rose 9.1% YoY to ₹1.84 lakh crore in February, higher than January’s ₹1.77 lakh crore. Central GST stood at ₹36,100 crore, while states received ₹44,900 crore, reflecting strong tax compliance.
• Trump announced that the United States will introduce reciprocal tariffs on several nations including India starting April 2.
• India’s passenger vehicle market witnessed a decline in February, with retail sales dropping 10% YoY to 3,03,398 units.

Major Q3FY25 Earnings This Week

• During Q3FY25, Hexaware Technologies reported revenue of $372 million (₹31,544 million) in Q4 CY24, reflecting a 0.5% decline QoQ but an 18.5% increase YoY in USD terms.

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