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

Written by: Sachin GuptaUpdated on: Mar 7, 2025, 4:28 PM IST
The Indian benchmark indices Nifty 50 and Sensex witnessed a mixed performance during the week ended March 7, 2025.
Weekly Market Recap: Nifty and  Sensex Closed in Red on Mar 7
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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.

 

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

Published on: Mar 7, 2025, 4:28 PM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

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