Indian stock market sector-wise performance today - March 21, 2025
The stock market on Friday (March 21, 2025) exhibited varied performances across different sectors, as evidenced by the notable changes in key indices.
Among the highlighted indices, the Nifty Energy index stood out with a commendable increase of 1.44 percent.
This surge reflected a robust sentiment within the energy sector, potentially influenced by positive developments or expected growth within the industry.
The gains in Nifty Energy suggest investor optimism, possibly driven by increasing demand for energy resources and favorable government policies supporting energy expansion.
Following closely, the Nifty Bank index recorded an appreciable rise of 1.06 percent.
The positive momentum within the banking sector could be attributed to a combination of factors, including strong earnings reports from major banks, improved asset quality, and favorable economic indicators pointing towards sustained growth in lending activities.
The Nifty Infra index also experienced a significant uptick, climbing by 1.26 percent. This increase may reflect heightened investor interest in infrastructure projects, supported by government initiatives aimed at bolstering infrastructure development.
Conversely, the Nifty Metal index faced a decline of 0.55 percent, suggesting some challenges within the metal industry. This decrease could be associated with fluctuations in commodity prices, supply chain disruptions, or other macroeconomic factors impacting global demand for metals.
Additional insights can be gleaned from the Nifty IT index, which showed a marginal increase of 0.07 percent. The IT sector's subdued growth might indicate mixed investor sentiments, possibly due to global economic uncertainties affecting technology stocks.
Overall, the market performance paints a picture of sector-specific movements where energy, banking, and infrastructure sectors show robust growth, while the metal sector faces headwinds.
This thematic divergence highlights the impact of various economic, industry-specific, and geopolitical factors shaping investor behavior and market trends on that day.
Analysis for Sensex - March 21, 2025
The Sensex experienced an increase, closing at 76905.51 with a gain of 557.45 points and a percentage change of 0.73%. The index traded between a high of 77041.94 and a low of 76095.26. The current levels are above its 50 EMA of 75962.16 but still below the 200 EMA of 77149.09, indicating a short-term strength in price.
Relationship with Key Moving Averages
The closing price of Sensex is 76,905.51, which is above the 50-day EMA of 75,962.16 and below the 200-day EMA of 77,149.09. This indicates short-term bullishness as it is above the 50-day EMA, but overall weakness relative to the 200-day EMA.
Moving Averages Trend (MACD)
The current MACD value for Sensex is -68.85, with the MACD Signal at -487.74, indicating that the MACD line is above the signal line. This suggests a potential positive momentum shift as the MACD line is moving towards the signal line from below, although remaining in negative territory.
RSI Analysis
The Relative Strength Index (RSI) for Sensex is 65.41, which suggests that the index is approaching an overbought condition, indicating potential for a price correction or pullback. An RSI above 70 is generally considered overbought, while below 30 is considered oversold.
Analysis for Nifty Auto - March 21, 2025
Nifty Auto opened at 21720.95 and closed at 21756.0, showing a gain with a percentage change of 0.61% and a points increase of 132.95 from the previous close of 21623.05. The index's RSI is at 55.30, indicating moderate strength, while the MACD is at -210.97 suggesting a slightly bearish sentiment. Despite the positive close, the volume is reported as 0.0, which might indicate a lack of trading activity.
Relationship with Key Moving Averages
Nifty Auto's closing price of 21756.0 is below its 50-day EMA of 21909.28, indicating recent weakness. However, it remains above the 10-day EMA of 21219.64 and 20-day EMA of 21295.61, suggesting short-term strength. Despite being below the longer-term 200-day EMA of 22806.15, the positive change from the previous close could indicate a potential recovery.
Moving Averages Trend (MACD)
The MACD value for Nifty Auto is -210.97, which is above the MACD Signal value of -378.48. This indicates a bullish signal, as the MACD has crossed above the signal line, suggesting possible upward momentum.
RSI Analysis
The RSI value for Nifty Auto is 55.30, which suggests a neutral market condition. Since it is between the usual overbought and oversold thresholds (70 and 30, respectively), there is no immediate indication of strong buying or selling pressure.
Analysis for Nifty Energy - March 21, 2025
Nifty Energy opened at 33,047.0 and closed at 33,475.05, showing a positive change of 1.44% or 474 points from the previous close of 33,001.05. The Relative Strength Index (RSI) stands at 65.74, indicating a relatively strong momentum, while the MACD indicates a bullish trend with a value of 167.98 against a signal of -178.72.
Relationship with Key Moving Averages
Nifty Energy's closing price of 33,475.05 is above its 10 EMA of 32,241.74, 20 EMA of 31,923.74, and 50 EMA of 32,653.92, indicating a potential bullish trend. However, it remains below the 200 EMA of 36,005.52, suggesting a long-term bearish outlook.
Moving Averages Trend (MACD)
Based on the provided data, Nifty Energy's MACD value is 167.98, which is significantly above the MACD Signal of -178.72. This positive divergence suggests a potential bullish momentum, indicating that the recent upward trend might continue.
RSI Analysis
Nifty Energy's RSI is at 65.74, which suggests that the stock is approaching overbought territory. This level indicates that while there is currently strong upward momentum, caution should be exercised as it nears the 70 threshold, often considered an overbought signal.
Analysis for Nifty FMCG - March 21, 2025
Nifty FMCG opened at 53,066.25 and closed at 52,986.05, showing a positive change of 0.24% or 128.15 points from the previous close. The index's Relative Strength Index (RSI) is at 53.55, indicating a neutral momentum. Additionally, the Moving Average Convergence Divergence (MACD) is -360.87, suggesting a potential bearish trend, although it's above the MACD signal line of -657.91.
Relationship with Key Moving Averages
The Nifty FMCG's close price of 52986.05 is currently below its 50-day EMA of 53688.36 and 200-day EMA of 56397.89, suggesting a bearish trend in the medium to long term. However, it is above the 10-day EMA of 52307.51 and 20-day EMA of 52412.75, indicating a short-term bullish momentum.
Moving Averages Trend (MACD)
The MACD for Nifty FMCG is -360.87, with a MACD Signal of -657.91. This suggests a potential bullish crossover as the MACD line is moving closer to the Signal line, indicating a possible shift from a bearish trend to a bullish one.
RSI Analysis
Nifty FMCG RSI Analysis: The Relative Strength Index (RSI) for Nifty FMCG is 53.55, which suggests that the index is in a neutral territory. An RSI value around 50 typically indicates that the market is balanced, neither overbought nor oversold.
Analysis for Nifty Infra - March 21, 2025
Nifty Infra closed at 8386.70, showing an increase of 104.25 points, which amounts to a percentage change of 1.26% from the previous close of 8282.45. The index experienced a high of 8421.65 and a low of 8281.90, indicating a positive trend on the trading day. The RSI value of 67.96 suggests the index is approaching overbought levels.
Relationship with Key Moving Averages
Nifty Infra closed above its 50-EMA of 8138.18, indicating a bullish short-to-medium-term trend. However, it is trading slightly below the 200-EMA of 8400.90, suggesting a potential resistance or consolidation period near long-term moving averages. Additionally, the close is significantly above the 10-EMA and 20-EMA, reinforcing the current positive momentum in the short term.
Moving Averages Trend (MACD)
Nifty Infra MACD Analysis: The MACD value of 34.79, which is significantly higher than the MACD Signal value of -31.29, indicates a strong bullish momentum for Nifty Infra. The positive divergence suggests potential for continued upward movement.
RSI Analysis
Nifty Infra has an RSI of 67.96, indicating that it is approaching overbought conditions. Generally, an RSI above 70 suggests the asset might be overbought or overvalued, and a reversal or pullback may be imminent. However, since it is just below 70, the market trend is still considered bullish, but traders should be cautious and monitor for potential changes.
Analysis for Nifty IT - March 21, 2025
Nifty IT opened at 35,942.5 and closed slightly higher at 36,702.8 with a marginal percentage change of 0.0713%. The Relative Strength Index (RSI) is relatively low at 33.11, indicating potential oversold conditions. The MACD is in negative territory at -1278.28, reflecting bearish sentiment in the short term.
Relationship with Key Moving Averages
The Nifty IT index closed at 36,702.80, which is below its 50-day EMA of 39,807.58 and 200-day EMA of 40,196.23, indicating a bearish trend. However, the index is currently above its 10-day EMA of 36,895.35, suggesting some recent short-term strength.
Moving Averages Trend (MACD)
The Nifty IT index has a MACD value of -1278.28, which is below its signal line of -1325.43. This indicates a bearish momentum, as the MACD has crossed below its signal line. Given that the MACD is in negative territory, it suggests that the downward trend might continue unless there's a positive reversal.
RSI Analysis
The Relative Strength Index (RSI) for Nifty IT is 33.11, which suggests the index is nearing oversold conditions. Typically, an RSI below 30 indicates an oversold market, potentially pointing to a future price bounce, but always consider other factors and indicators for a comprehensive analysis.
Analysis for Nifty Metal - March 21, 2025
The Nifty Metal index opened at 9282.85 and closed at 9203.55, showing a decrease of approximately 0.55% or a drop of 50.55 points. The MACD is greater than the MACD Signal, suggesting potential bullish momentum, while the RSI of 67.16 indicates the index is nearing overbought territory.
Relationship with Key Moving Averages
Nifty Metal is trading above its 50-day EMA of 8677.54 and the 200-day EMA of 8804.13, indicating a bullish trend relative to these longer-term averages. However, it's slightly below the 10-day EMA of 8980.19 and above the 20-day EMA of 8802.72, suggesting mixed short-term momentum.
Moving Averages Trend (MACD)
Based on the data for Nifty Metal, the MACD value of 193.75 is significantly higher than the MACD Signal of 133.82, indicating a strong bullish momentum. This suggests that the stock index might continue to experience an upward trend if the current conditions persist.
RSI Analysis
The RSI for Nifty Metal is 67.16, which is approaching the overbought threshold of 70. This indicates that the stock might be nearing an overbought condition, suggesting potential for a price pullback if the trend continues.
Analysis for Nifty Bank - March 21, 2025
Nifty Bank opened at 49,927.10 and closed at 50,593.55, marking a 1.06% increase with a points change of 530.70. The 50-day EMA is 49,347.81, above the 20-day EMA of 49,030.79, indicating positive momentum. The RSI value of 68.20 suggests that it is nearing overbought territory.
Relationship with Key Moving Averages
Nifty Bank closed at 50593.55, which is above its 50-day EMA of 49347.81, its 200-day EMA of 49906.25, its 10-day EMA of 49254.32, and its 20-day EMA of 49030.79. This indicates a generally bullish trend as the current closing price is above these key moving averages.
Moving Averages Trend (MACD)
Nifty Bank MACD Analysis: The MACD value of 120.12 indicates a strong bullish trend as it is above the MACD Signal of -161.75. This positive divergence suggests that upward momentum is likely to continue, supporting the recent closing above the previous close.
RSI Analysis
The Relative Strength Index (RSI) for Nifty Bank is at 68.20, suggesting it is nearing the overbought threshold of 70. This indicates that the index is potentially overvalued and could experience a price pullback or correction soon. Monitoring other indicators is advisable for a comprehensive analysis.
Analysis for Nifty 50 - March 21, 2025
The Nifty 50 opened at 23,168.25 and closed at 23,350.40, reflecting a 0.69% increase with a points change of 159.75. The index traded between a high of 23,402.70 and a low of 23,132.80. The RSI value of 66.18 suggests the market is approaching overbought territory, while the MACD also shows a positive momentum change.
Relationship with Key Moving Averages
The Nifty 50 closed at 23350.40, slightly above its 50-day EMA of 23012.70, indicating near-term bullishness. However, it remains just below its 200-day EMA of 23401.50, suggesting longer-term resistance. The index's position above the 10-day EMA of 22829.12 and 20-day EMA of 22762.99 adds to the short-term positive momentum.
Moving Averages Trend (MACD)
MACD Analysis for Nifty 50: The MACD value of 0.52, which is higher than the MACD Signal of -131.71, suggests a bullish momentum in the market. This indicates that the recent price movements are likely positioned in a positive trend, but caution should be taken due to the negative signal line.
RSI Analysis
The current RSI for Nifty 50 is 66.18, which indicates that the index is approaching the overbought zone. Generally, an RSI above 70 suggests that a stock might be overvalued or overbought, signaling a potential reversal or pullback. However, at 66.18, it is not yet at an extreme level, but caution should be taken as it moves higher.
