Taking Stock: Market ends flat after Nifty surpasses 22,500 for first time; mid, small-caps gain

Market Today

Market failed to build on the opening gains and ended the rangebound session on March 7 on a flat note. Benchmark indices climbed to fresh all-time highs in the opening trade with Nifty surpassing 22,500 for the first time.

BSE Sensex touched fresh record high of 74,245.17 but ended 33.40 points (0.05 percent) higher at 74,119.39, while Nifty50 index also hit new high of 22,525.65 and closed 19.50 points or 0.09 percent higher at 22,493.50.

For the week, BSE Sensex and Nifty rose 0.5 percent each.

The market will remain shut on March 8 on account of Mahashivratri.

Tata Steel, Bajaj Auto, Tata Consumer, Tata Motors and JSW Steel were among the top Nifty gainers, while losers were M&M, BPCL, Reliance Industries, Axis Bank and ICICI Bank.

Among sectors, bank, oil & gas, auto, realty ended in the red, while metal, capital goods, media and FMCG up 1-2.5 percent each.

The BSE mid-cap index added 0.3 percent and small-cap index rose 0.7 percent.

Bajaj Auto, Bodal Chemicals, Glenmark Pharma, Godfrey Phillips, Hitachi Energy, Infibeam Avenue, Jindal Steel, JSW Holdings, Oracle Financial Services, Rallis India, Tata Chemicals, Tata Investment, Tata Power, Tata Steel, TVS Motor, Union Bank of India, among the stocks that touched their 52-week high on the BSE. Click here for the full list

Index	Prices	Change	Change%
Sensex	84,211.88	-344.52	-0.41%
Nifty 50	25,795.15	-96.25	-0.37%
Nifty Bank	57,699.60	-378.45	-0.65%

Nifty 50 25,795.15 -96.25 (-0.37%)

Fri, Oct 24, 2025

• 1D
• 5D
• 1M
• 3M
• 6M
• 1Y
• 2Y

Biggest Gainer	Prices	Change	Change%
Hindalco	824.45	32.05	+4.04%

Biggest Loser	Prices	Change	Change%
Cipla	1,584.40	-60.70	-3.69%

Best Sector	Prices	Change	Change%
Nifty Metal	10347.50	105.60	+1.03%

Worst Sector	Prices	Change	Change%
Nifty FMCG	56348.10	-424.30	-0.75%

Among individual stocks, a volume spike of more than 200 percent was seen in Tata Power, Chambal Fertilisers and Chemicals and M&M.

A long build-up was seen in Tata Chemicals, Tata Power and Tata Consumer, while a short build-up was seen in M&M, Apollo Tyres and Bosch.

Outlook for March 11

Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas

The Nifty opened on a flat note and consolidated during the day. It closed in the marginally in the green up ~19 points. On the daily charts we can observe that the Nifty held on to the gains and consolidated before an extended weekend. The consolidation is a brief pause in the overall uptrend, and we expect the up move to resume during the coming week.

In the case of dip towards, 22390 – 22340 it should be used as a buying opportunity as key hourly moving averages are placed in this range and can attract buying interest. On the upside, 22570 – 22600 shall act as an immediate hurdle zone from short term perspective.

Bank Nifty witnessed some profit booking and traded within the range 47442 – 48161 of the previous trading session. It is steadily moving towards its support zone of 47680 – 47560 which can act as a potential trend resumption area and hence dips towards the support zone should be used as a buying opportunity.

Rupak De, Senior Technical Analyst, LKP Securities

The Nifty stayed below the psychological 22,500 mark, with call writers at the 22,500 strikes significantly increasing their positions. On the downside, support is expected to hold at 22,400. The buy-on-dips strategy is likely to persist as long as it remains above 22,400. On the upside, a decisive move above 22,500 could trigger buying interest in the market, potentially pushing the index towards 22,700 in the short term.

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