The Motilal Oswal Global Market Snapshot provides a quick glance at index performances and economy updates from the Indian & global markets.
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Indian Market Update
- All broad-based indices delivered positive returns in March 2025, closing the financial year on a positive note.
- Except for the IT sector, all sectoral indices recorded positive returns. The Defence sector rebounded from its lows, leading with a return of approximately 25%.
- All factor-based strategies ended on a positive note, with the Value strategy outperforming and delivering around 9%
Financial Services, Industrials & Commodities were amongst the key contributors to the performance of Nifty 500 during March 2025.
Global Market Update
- While Indian markets ended March 2025 on a positive note, US markets faced a downturn. The S&P 500 and Nasdaq 100 indices declined by 6.27% and 7.68%, respectively.
- Except for the energy sector, all sectors dragged down S&P 500 returns, with IT being the major contributor to its negative performance.
- Developed market indices saw gains, while in the emerging markets segment, all delivered positive returns except Taiwan.
- The Indian rupee strengthened in March, driven by dollar inflows from inter-company borrowings, corporate profit repatriation, and pickup of foreign investments in domestic stocks.
Precious metals remained strong amid global uncertainties, with Gold gaining 8.36% and Silver rising 10.47%.
Economic Indicators
- India’s inflation dropped to 3.61% in February 2025, falling within the RBI’s 4% threshold for the first time in six months. This strengthens the case for potential rate cuts, with the Repo rate at 6.25%. Furthermore, the US inflation also eased to 2.80%.
- A slowdown in FII sell-offs contributed to the rebound of domestic markets. FIIs recorded inflows of ₹32,981 crores across all segments, with equity outflows narrowing to ₹3,973 crores, down from outflow of ₹34,574 crores in the previous month.
- The GST collections stood at ₹1,96,200, an increase of around 10% year on year. Also, the collections for the FY25 stood at ₹22.09 lakh crore.
