Nifty, Sensex Crack On US Recession Fears – Monday Market Report
Moneylife Digital Team 10 March 2025
On Monday, 1205 stocks advanced, 2878 declined and 146 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.42 indicating a negative closing in the broader market. The trend of the major indices on Monday’s trading is given in the table below. 
 
 
On NSE, 15 securities advanced and closed at a new 52-week high whereas 90 securities sank to close at their new 52-week lows.  In sectoral indices, Nifty PSU Bank, Nifty Energy and Nifty Auto were among the biggest losers. Nifty FMCG was the only gainer.
 
Vascon Engineers (-3.72%) launched of ‘Vascon Orchids’, a luxury residential project through a redevelopment initiative on Linking Road in Santacruz West. The project has a total expected gross development value (GDV) of Rs300 crore in sell units. This acquisition aligns with the company's growth and diversification goals of expanding its presence in Mumbai.
 
PNGS Gargi Fashion Jewellery (+2.12%) opened its new exclusive brand store located at Prozone Mall, Chhatrapati Sambhaji Nagar. Zydus Lifesciences (-0.79%) received final approval from the United States Food and Drug Administration (USFDA) to manufacture Ketoconazole Shampoo, 2%, an antifungal medication used to treat dandruff, fungal infections, and other skin conditions. Ketoconazole shampoo will be produced at the Group’s topical manufacturing site at Changodar, Ahmedabad. 
 
Manoj Vaibhav Gems 'N' Jewellers (-5.95%) opened a new Jewellery store at KT Road, Ramakrishna Police Colony, District- Srikakulam, Palasa Kasibugga, Andhra Pradesh.. Earlier, the company had opened a new Jewellery store at Ganga Reddy Road, Mancherial, Telangana.
 
Sun Pharmaceutical Industries (+0.14%) and Checkpoint Therapeutics, Inc. (Checkpoint) entered into an agreement by which Sun Pharma will acquire Checkpoint, an immunotherapy and targeted oncology company.
 
Nazara Technologies (-0.60%) successfully divested its 94.85% stake in OpenPlay Technologies (OpenPlay) which runs popular Rummy platform, Classic Rummy, to Moonshine Technology (Moonshine), the parent company of India’s biggest Poker platform, PokerBaazi. The transaction, valued at Rs104.33 crore, will be executed through the issuance of Moonshine’s compulsory convertible preference shares (CCPS) to Nazara and other sellers. 
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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