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Home > Stock Market Updates > Opening Bell - 19 / 03 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 19 / 03 / 25
Category: Business
Duration: 00:02:06
Publish Date: 2025-03-19 03:27:25
Description:

Opening Bell - Morning Commentary


Foreigners fuel market rally


U.S. equity markets finished lower on Tuesday, giving back part of the gains from the previous two sessions. Growth sectors of the US market such as technology and communication services were among the laggards while value sectors such as energy and health care fared better yesterday. The better-than-expected read on industrial production is consistent with recent survey data which has suggested the manufacturing sector of the U.S. economy has been gaining momentum over recent month


Policymakers in Germany voted to pass a fiscal package that will permit higher defense and infrastructure spending. European markets traded higher as well following a jump in German economic sentiment to the highest level since 2022.


Today marks the beginning of the March FOMC meeting, with an interest rate decision and updated economic projections. With consensus expectations for the Fed to remain on hold, market focus will likely centre on updated FOMC economic projections.


The Bank of Japan is set to keep interest rates unchanged today, as policymakers spend more time gauging how prospects of higher U.S. tariffs would affect the export-reliant economy.


Oil prices slid after Russia agreed to U.S. President Donald Trump's proposal that Moscow and Kyiv stop attacking each other's energy infrastructure temporarily, which could lead to more Russian oil entering global markets.


Government of India proposed 12% provisional safeguard duty on main steel flat products (HRC, Crc, gp etc) with cap of USD 675/t on HRC for 200 days.


Nifty rose for the second consecutive day, gaining 325 points or 1.45% to close at 22,834, bolstered by strong global cues and a robust rally in financial, auto, and banking stocks. After opening 154 points higher, Nifty maintained its upward momentum throughout the trading session, finishing near the day's peak. This marks the highest one-day percentage increase since February 4, 2025. Broad-based buying across all sectors elevated investor sentiment, pushing all sectoral indices into positive territory


Nifty surpassed the key resistance levels of the previous swing high of 22676 and the 20-day SMA, which was positioned near 22550. The previous resistance level of 22700 is now expected to serve as strong support moving forward. On the upside, immediate resistance is anticipated near 23000, followed by 23200.


The rally in the market was fuelled by a wave of massive short covering undertaken by foreign institutional investors, turning them into net buyers of Indian equities after a month of relentless selling. Foreign portfolio investors bought stocks worth Rs 694.57 crore on Tuesday.


Indian markets is likely to open strong and remain resilient today, bucking the trend of declines on Wall Street.
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