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Home > Stock Market Updates > Opening Bell - 11 / 02 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 11 / 02 / 25
Category: Business
Duration: 00:02:14
Publish Date: 2025-02-11 03:34:10
Description:

Opening Bell - Morning Commentary


Wall Street ends higher on AI strength


America's main indexes closed higher on Monday, lifted by Nvidia and other AI-related stocks. Steelmakers surged after U.S. President Donald Trump said he would impose additional tariffs on steel and aluminium imports. Trump's latest potential trade barrier escalation would introduce 25% tariffs on all U.S. steel and aluminum imports in addition to already prevailing duties on the metals. The US dollar surged while gold prices moved to record highs.


With the fourth-quarter reporting season over halfway through, S&P 500 companies are expected to have posted year-over-year earnings growth of 14.8%, up from expectations of less than 10% at the start of 2025.


Investors are also looking to Federal Reserve Chair Jerome Powell's biannual monetary policy report to the Senate Budget Committee on Tuesday and presented to the House of Representatives Financial Services Committee on Wednesday.


The Indian rupee plunged to an unprecedented low of 87.95 following US President Donald Trump's announcement of sweeping tariffs on metal imports.


Nifty continued its downward spiral for the fourth consecutive session yesterday, the index shed 178 points or 0.76% to settle at 23,381. The bearish sentiment cast its shadow across all sectoral benchmarks, with Nifty Realty, Metal, and Consumer Durables emerging as the worst-hit segments.


Nifty’s immediate support lies at 23222, while resistance is anticipated in the 23500-23600 band.


The bulls must defend Nifty's crucial 23,222 support level to maintain its "higher high—higher low" structure. A successful defense could trigger short-covering, while a breach below 23222 would likely intensify selling pressure.
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