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Home > Stock Market Updates > Opening Bell - 07 / 03 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 07 / 03 / 25
Category: Business
Duration: 00:02:20
Publish Date: 2025-03-07 03:30:25
Description:

Opening Bell - Morning Commentary


Volatility is expected to make its presence felt today.


U.S. equity markets closed lower on Thursday, with growth segments leading the downside. Shares of semiconductor manufacturer Marvell fell by nearly 20% after the company reported better-than-expected earnings; however, forward guidance disappointed, highlighting the high bar of expectations for companies exposed to artificial intelligence.


Nasdaq fell more than 10% since peaking last December, confirming it is in a correction as U.S. President Donald Trump's announcements on tariffs fuelled investor uncertainty.


President Donald Trump suspended on Thursday the 25% tariffs he imposed this week on most goods from Canada and Mexico. This is the latest twist in a fluctuating trade policy that has whipsawed financial markets and fanned worries over inflation and a growth slowdown.


The exemptions, covering the two largest U.S. trading partners, expire on April 2, when Trump threatens to impose a global regime of reciprocal tariffs on all U.S. trading partners.


The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners. The gap in goods and services trade widened 34% from the prior month to $131.4 billion, larger than all but one estimate.


Investors are keenly awaiting Friday’s employment report to gauge the health of the U.S. economy and the Federal Reserve’s future interest rate trajectory amid fears the new tariffs, coupled with rising raw material costs at factories, suggest inflation may increase in the coming months.


Markets in Europe traded modestly lower following the European Central Bank's decision to lower its policy rate by 0.25% to 2.5


Asian stocks followed US equities lower as investors retreated from risk assets amid uncertainty over President Donald Trump’s tariffs. Bitcoin fell as details of a US strategic reserve underwhelmed.


Shares in Australia, Japan, and South Korea all fell, with benchmarks sliding more than 1%. On Thursday, an index of US-listed Chinese companies outperformed Wall Street.


Back home, Nifty advanced for the second consecutive session yesterday, gaining 207 points (0.93%) to close at 22,544, driven by short covering and firm global cues. Nifty has closed above its 10-day exponential moving average (EMA) of 22,472, signalling a bullish

short-term trend. The next resistance zone is expected between 22720-22725, where the 21-day EMA and previous swing low converge. Support for Nifty has moved higher to 22300.


Traders should prepare for larger swings across different asset classes during what might be a period of significant market shifts. Indian markets are poised to open lower on Trump’s tariffs, fuelling uncertainties.
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