Shares of Maruti Suzuki India are likely to remain in focus after the company reported record-breaking sales for March 2025 and the fiscal year 2024-25. The company achieved its highest-ever total sales of 2,234,266 units, with significant growth in both domestic sales and exports.

Shares of RITES dropped 3.2% following the mutual foreclosure of a consultancy contract with the UP State Bridge Corporation Limited due to interpretation issues. RITES stated that no financial impact occurred from the termination as work had not commenced.

The Indian stock market is set to consolidate amid muted global cues. Nifty futures closed 1.39% lower at 23,308, while India VIX surged 9%. Experts highlight key support and resistance levels, with options data indicating a broad trading range. Analysts recommend select stocks for short-term trading as volatility remains high ahead of crucial technical levels.

The BSE Sensex was trading 344.54 up at 76369.05 on Wednesday.

The Nifty Auto index was trading 0.51 per cent up at 21343.9.

The Nifty Realty index was trading 1.68 per cent up at 838.7.

The rupee fell 23 paise to 85.73 against the US dollar on Wednesday. This weakness is due to rising crude prices and concerns over reciprocal tariffs. Traders are cautious about the impact of US tariffs on Indian goods. Forex reserves increased by USD 4.529 billion to USD 658.8 billion for the week ended March 21.

ICICI Securities recommends a buy on Karur Vysya Bank with a target of Rs 300, highlighting its strong growth, cost management, and asset quality. The bank reports notable financial improvements and a promising outlook. Key risks include slower deposits mobilisation. Promoters hold a 2.13% stake, while FIIs and DIIs own 14.79% and 38.44% respectively.