Weekly Market Recap: Sensex, Nifty Extend Losses for 2nd Straight Week, Ending March 13 in Red

The Indian stock market closed in the red for the week ending March 13, 2025, but the decline in both indices remained under 1%.

Roundup of Major News This Week

• India’s retail inflation eased to 3.61% in February, down from 4.31% in January, according to government data released on Wednesday. The decline was mainly due to a reduction in food prices.
• IndusInd Bank, the fifth-largest private lender in India, saw its stock plummet over 27% on Tuesday, marking its steepest-ever decline. This came after the bank disclosed an accounting mismatch of ₹1,577 crore (post-tax) related to forex derivative transactions, amounting to 2.35% of its net worth as of December 2024.
• Equity mutual fund inflows fell by 26.29% month-on-month (MoM) in February, with net inflows dropping to ₹29,241.78 crore, compared to ₹39,669.6 crore in January, as per AMFI data.
• Jio Platforms (JPL) has announced a strategic partnership with Elon Musk’s SpaceX to introduce Starlink satellite internet services in India, following Bharti Airtel’s similar agreement.

US-India Trade Tensions Over Tariffs

• The White House criticised India’s 150% tariff on US alcohol, urging the country to remove duties on most goods except agricultural products. This comes just weeks ahead of President Trump’s April 2 deadline to impose reciprocal tariffs on India, intensifying trade tensions between the two nations.
• Meanwhile, the US has raised import duties on steel and aluminium, increasing steel tariffs to 25% and aluminium tariffs to 10%. These tariff hikes, which took effect on Wednesday, are part of the US administration’s broader efforts to regulate global imports and protect domestic industries.

Conclusion

The Indian stock market witnessed its second consecutive weekly decline, with Sensex and Nifty slipping around 0.5% for the week ending March 13. Despite the subdued performance, the losses were relatively contained, indicating a cautious market sentiment amid global and domestic uncertainties.

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