Indian Stock Market Today: Index Performance, Stocks to Watch, and Predictions for March 10, 2025

 

Indian Stock Market Today: Index Performance, Stocks to Watch, and Predictions for March 10, 2025

Posted on March 10, 2025, 9:41 AM IST

Welcome back, market enthusiasts! It’s Monday, March 10, 2025, and the Indian stock market is gearing up for another week of action. With the BSE Sensex and Nifty 50 showing signs of resilience after a volatile start to the year, today’s session promises to be a critical one. Inflation data, global trade tensions, and domestic earnings are all in play—so let’s dive into the latest updates, index performance predictions, and stocks to keep on your radar.

Index Performance: Where We Stand Today

As of this morning, pre-market cues suggest the BSE Sensex and Nifty 50 are set to open flat. According to Business Standard (March 10, 2025, 9:23 AM IST), the Sensex is expected to hover between 72,000 and 76,200 this week, following a recovery last week driven by gains in metal and energy stocks. The Nifty 50, meanwhile, closed Friday at 22,522, just above its 20-month EMA of 22,400, as noted in posts on X. At 9:41 AM IST, GIFT Nifty futures are trading marginally lower at 22,510, signaling a cautious start.

Last week snapped a three-week losing streak for Indian equities, with the Nifty 50 gaining 1.93%, the Nifty Midcap 100 up 2.66%, and the Nifty Smallcap 100 surging 5.47%, per The Hindu BusinessLine (March 10, 2025). However, analysts warn that sustaining above 22,400 is key—another close below this level could trigger a bearish shift. Resistance looms at 22,720-22,800, while support sits at 22,240, according to X posts from market watchers like @wahabkhanRA

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Latest News Impacting the Market

Global Cues and Trump Tariffs: Mixed signals from global markets are setting the tone. Wall Street ended higher on Friday after Fed Chair Jerome Powell called the U.S. economy “in a good place,” but tariff uncertainties linger (Reuters, March 8, 2025). Reports of potential U.S. tariffs on Canada, Mexico, and China have rattled investors, with LiveMint (March 10, 2025) noting that inflation data and foreign fund outflows will dictate trends this week. The Indian rupee, strengthening to 86.88 against the USD last Friday, could face pressure if trade wars escalate.

Domestic Developments: Tata Power signed a ₹49,000 crore MoU with the Andhra Pradesh government for 7,000 MW of renewable energy, boosting its stock outlook (Xpost,@wahabkhanRA). Meanwhile, Mahindra & Mahindra’s February production numbers are under scrutiny as the auto sector braces for festive demand shifts ahead of Holi (The Times of India, March 10, 2025).

Economic Calendar: This week’s U.S. data releases—NFIB Small Business Index (March 11), CPI (March 12), and PPI (March 13)—could sway global sentiment, per CNBC (March 8, 2025). Domestically, inflation and industrial production figures due later this month will also influence market direction.

In-Depth Analysis: What’s Driving the Indices?

Technical View: The Nifty’s position above its 10-day moving average signals short-term strength (X post, @pankajladha_), but the 22,700 hurdle highlighted by LiveMint remains a psychological and technical barrier. A break above could target 23,000, while a drop below 22,400 might see 21,800 in sight, aligning with historical support zones.

Fund Flows: Foreign portfolio investors (FPIs) sold ₹15,502 crore worth of Indian equities in March alone, adding to a ₹3.4 lakh crore exodus since October (LiveMint, March 9, 2025). This FII outflow, driven by U.S. bond yield spikes and rupee depreciation fears, contrasts with domestic institutional buying, creating a tug-of-war.

Sectoral Trends: Metals and energy led last week’s rally, but consumption, BFSI, IT, industrials, and healthcare are gaining traction, as per Motilal Oswal’s outlook (The Economic Times, March 7, 2025). Small and midcaps, down over 20% from peaks, are showing signs of selective recovery.

Stocks to Watch Today

Bharti Airtel: Motilal Oswal’s top pick (The Times of India, March 10, 2025) with a target of substantial revenue growth from tariff hikes. Trading at ₹1,450 (approx.), it’s testing resistance at ₹1,480—watch for a breakout.

Indian Hotels: Another Motilal Oswal favorite, projected to benefit from expansion. At ₹620, it’s undervalued compared to peers (LiveMint, March 8, 2025). Support at ₹600 could trigger buying.

Tata Power: The renewable energy MoU has sparked buzz. Trading near ₹420, a move past ₹435 could signal a rally to ₹460-470.

State Bank of India (SBI): Axis Securities’ overweight call at ₹1,025 (The Economic Times, March 8, 2025) reflects strong Q3 earnings (net profit ₹18,853 crore). At ₹732, it’s a large-cap stabilizer.

PTC Industries: ICICI Securities’ buy call at ₹20,070 (The Economic Times, March 8, 2025) highlights capacity growth. At ₹10,280, it’s a midcap with upside potential.

Performance Prediction for March 10, 2025

Bull Case: If global cues stabilize and Nifty breaches 22,720, we could see a push toward 22,900 by day’s end, driven by IT and banking heavyweights. Bank Nifty, with support at 48,000, might target 49,300 (X post, @wahabkhanRA).

Bear Case: A failure to hold 22,400 could see profit booking drag Nifty to 22,240 or lower, especially if FII selling intensifies amid tariff jitters.

Base Case: Expect a range-bound session between 22,450-22,650, with stock-specific action dominating unless breaking news shifts sentiment.

Conclusion: Strategy for Today

The market’s poised on a knife-edge—cautious optimism meets global uncertainty. For traders, focus on breakouts in Bharti Airtel and Tata Power, while investors might scoop up dips in SBI and Indian Hotels for long-term gains. Keep an eye on 22,400 for Nifty; it’s the line in the sand.  

What’s your take? Are you bullish on today’s session, or bracing for a pullback? Drop your thoughts below, and let’s navigate this market together!  

Stay tuned for live updates as the trading day unfolds!