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Home > Stock Market Updates > Opening Bell - 10 / 03 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 10 / 03 / 25
Category: Business
Duration: 00:01:57
Publish Date: 2025-03-10 03:14:57
Description:

Opening Bell - Morning Commentary


Nifty's Resilient Comeback Set to Test Critical 22700-22725 Barrier Zone This Week


Trade tensions burdened markets as the S&P 500 recorded its third consecutive weekly decline and steepest weekly drop since September. Market volatility persisted amid uncertainty over President Trump's announced tariffs—25% on Canadian and Mexican imports and an additional 10% on Chinese imports—though the administration later announced various exemptions and delays.


The Indian stock market snapped its three-week losing streak, rebounding strongly as investors found value in an oversold market amid hopes that the US might refrain from announcing fresh trade tariffs. Domestic institutional investors (DIIs) supported the recovery through value buying as stocks reached attractive levels. Foreign institutional investors (FIIs) maintained their selling pattern this month, offloading equities worth ₹15,502 crore during the week. However, this was more than offset by DIIs, who purchased equities valued at ₹20,951 crore.


Nifty has staged an impressive recovery of more than 650 points from its recent swing low of 21,964. The short-term trend remains bullish as momentum continues to build. The index now faces key resistance in the 22,700-22,725 range, where the 21-day exponential moving average (EMA) coincides with the previous swing low—a technically significant level. Meanwhile, strong support for Nifty continues to be at 22,300.


Indian markets are expected to open soft today, following mixed global market cues.
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