- The BSE Sensex closed at 77,414.92 gaining by 5.76% and the Nifty 50 closed at 23,519.35 gaining by 6.30% in March 2025, pausing after a six-session rally that erased their 2025 losses, as uncertainty over U.S. reciprocal import tariffs kept investors cautious. (However, At the time of writing this US Tariff wars have drained most of the gains)
- Market gains were driven by foreign inflows, stock purchases, and positive economic indicators, but volatility persisted due to earnings concerns and tariff risks.
- On the BSE, 2,501 stocks declined, 428 hit 52-week lows, and 354 reached their lower circuit, reflecting broad market weakness
- According to NSDL data, FPIs have sold shares worth Rs 6027.77 Crores in the secondary market during March 2025. This follows their sale of shares worth Rs 41748.97 Crores in February 2024.
- Merchandise trade deficit increased to $79.2 billion in Q3FY25 from $71.6 billion during Q3FY24.
- India’s external sector is also experiencing pressure. The country has witnessed net FPI outflows of $ 22 bn since Oct 2024, contributing to a $ 50 bn decline in forex reserves, now standing at $ 654 bn.
- Net services receipts increased to $ 51.2 billion in Q3FY25 from $ 45 billion a year ago. Services exports have risen on a y-o-y basis across major categories such as business services, computer services, transportation services and travel services.
- According to the latest CareEdge Global Economy Update March 2025, the economic landscape is marked by trade wars, rising gold prices, and currency fluctuations influencing growth prospects worldwide.
Acknowledgements:
RBI Bulletin (www.bulletin.rbi.org.in), SEBI (www.sebi.gov.in), NSE (www.nseindia.com), BSE (www.bseindia.com)
Disclaimer:
This material has been prepared by the personnel in Vora Corporate Finance which is Investment Banking arm of Vora Management Consultancy Private Limited and looks after Mergers & Acquisitions (M&A), Private Equity (PE), Fund Raising, Debt syndication and Valuations and is based out of Ahmedabad, Gujarat, India. Any views or opinions expressed herein are solely that of individual authors and may differ from view of Vora Management Consultancy Private Limited. This material is proprietary to Vora Management Consultancy Private Limited and is for your personal use only. Any distribution, copy, reprints or forward to others is strictly prohibited.
This material captures the information based on information available in the public domain, public announcements and sources believed to be reliable. Analysis contained herein is based on publicly available information and appropriate assumptions. This material is intended merely to highlight market developments and is not intended to be comprehensive and does not constitute strategic, investment, legal or tax advice. In no event Vora Management Consultancy Private Limited be liable for any use by any party or for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained herein and such information may not be relied upon by you for evaluating any transaction.