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Home > Stock Market Updates > Opening Bell - 03 / 03 / 25


	Podcast:		Stock Market Updates
	Episode:		Opening Bell - 03 / 03 / 25
	Category:		Business
	Duration:		00:01:54
	Publish Date:		2025-03-03 03:14:04
	Description:		Opening Bell - Daily Morning Commentary Some respite in the offing for the Bulls Relief for the bulls appears to be on the horizon, offering a welcome break from recent challenges. Equity markets closed higher on Friday following U.S. inflation data that matched consensus expectations. Stocks in the Asia-Pacific region opened higher on Monday, shrugging off concerns about tariffs on Canada, Mexico, and China, while European leaders pledged support for Ukraine. Chinese top officials meet this week to discuss economic priorities, and the market’s hopes run high for further stimulus. To bolster domestic demand, a ramp-up in fiscal spending is expected to be announced at the National People's Congress, as well as measures to defuse a property crisis and put an end to the deflationary spiral. Cryptocurrencies, especially Bitcoin, surged after Donald Trump announced that the U.S. would move forward with establishing a crypto strategic reserve. Signs of improvement in local macroeconomic parameters suggest that the current softer patch in earnings growth may soon ease. In February 2025, India’s composite Purchasing Managers' Index (PMI) rose to 60.6 points, up from 57.7 in January 2025. India’s Sales Managers Index hit a 63-month high, reflecting rapid economic expansion in February. For the week, Immediate support for the Nifty is expected in the 22,000-22,050 range, below which it could fall further toward the 21777 level. On the upside, the 5-day EMA near 22,500 could serve as resistance. Indian markets are likely to open higher, supported by Friday's positive close in US markets and strength in Asian markets.
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