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After opening the day on a positive note, the benchmark equity turned negative as the session progressed and ended the day flat.

Benchmark Indian equity indices, BSE Sensex and NSE Nifty50, ended Monday's choppy session on a lower note.

At the closing bell, the BSE Sensex closed lower by 112 points (down 0.2%).

Meanwhile, the NSE Nifty closed points 5 lower.

Zomato, UltraTech Cement, and Tata Steel are among the top gainers today

HDFC Bank, Adani Ports, and Maruti Suzuki, on the hand, were among the top losers today.

The GIFT Nifty was trading at  22,251 Lower by 18.5 points at the time of writing.

The BSE MidCap index ended 0.3% higher, and the BSE SmallCap index ended 0.7% lower.

Sectoral indices were trading mixed, with stocks in the capital goods sector and power sector witnessing buying. Meanwhile, the stocks in the financial sector and oil & gas sector are witnessing selling pressure.

The rupee is trading at Rs 87.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.7% Higher at Rs 84,813 per 10 grams.

Meanwhile, silver prices were trading 0.9% Higher at Rs 93,791 per 1 kg.
 

Voltas Defies Market with 4% Gain

Moving on to the news from Consumer durable sector, shares of Voltas, the household appliances arm of the Tata Group, defied market gravity on 3 March 2025, with a notable surge in trading.

The company's stock price rallied 4% to a daily high of Rs 1,373 per share on the NSE) during intraday trading.

The recent rally in Voltas' share price can be attributed to the company's strategic move to successfully transferred its 92% direct investment in the Saudi-based company to Universal MEP Projects, Singapore (UMPPL) on 28 February 2025.

As of 3 March 2025, Voltas boasts an impressive market capitalization of Rs 450 bn, underscoring its significant presence in the Indian market. Additionally, Voltas is a proud constituent of the esteemed NSE Midcap50 index.

Voltas' stock performance has been mixed over the past year. While the company's shares have declined by approximately 24% over the last six months, they have generated a notable return of around 23% over the 1 year.

In a significant trading activity, a substantial 0.3 bn equity shares of Voltas have been traded on the BSE and NSE today. The total value of these transactions is estimated to be around Rs 5.2 bn, indicating a high level of investor interest in the company's stock.

As Voltas navigates the evolving consumer durables landscape, its strategic moves and market performance will be closely watched by investors.
 

Angel One Share Plunges 10%

Moving on to news from the finance sector, shares of Angel One plummeted 10% to a 52-week low of Rs 1,952.2 during Monday's intraday trade on the NSE. This sharp decline was accompanied by heavy trading volumes, with a total of 24.4 lakh equity shares changing hands.

The total value of these transactions stood at a staggering Rs 49.3 billion (bn), indicating a significant level of investor activity.

Angel One's stock price continued its downward trajectory, trading 7.7% lower at Rs 2,002. This decline is part of a larger trend, with the company's shares plummeting 12% over the past two days.

The sharp fall in Angel One's stock price comes on the heels of a significant security breach, in which the company reported unauthorized access to client data. Angel One took swift action to contain the security breach, promptly changing credentials for its AWS cloud and other applications.

Angel One's stock has experienced significant volatility in recent times. While it has declined 35% over the past three months, it has shown impressive long-term growth, surging 79% over the last two years. As of now, the company's market capitalization stands at a substantial Rs 181.4 bn.

The decline in Angel One's share price is likely a result of prevailing market conditions and investor sentiment, which has been impacted by various macroeconomic and microeconomic factors. As a result, the company's stock has hit a new 52-week low, causing concern among investors.
 

Piramal Enterprises drops 3% on notice

Moving on to the news from Finance sector, Piramal Enterprises a prominent Non-Banking Financial Company (NBFC), witnessed a significant decline in its share price on Monday, 3 March 2025. During intra-day trade on the BSE, the company's shares plummeted 2.6% to a day's low of Rs 849.90.

The decline in Piramal Enterprises' share price was triggered by the company's revelation that it had received a tax order from the office of the Deputy Commissioner of State Tax, Maharashtra. According to the order, the company is required to pay a substantial amount of Rs 15 bn, which includes tax ascertained as short-paid or not paid, along with interest and penalty.

As of 3 March 2025, Piramal Enterprises boasts a market capitalization of Rs 195.5 bn. Piramal Enterprises' shares have experienced a decline of approximately 18% over the past six months and around 10% over the last year, reflecting the challenges faced by the company.

As the situation unfolds, investors will be closely watching Piramal Enterprises' response to the tax order and its impact on the company's financials. The development has significant implications for the company's future growth and investor sentiment.

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