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Home > Stock Market Updates > Opening Bell - 26 / 03 / 25
Podcast: Stock Market Updates
Episode:

Opening Bell - 26 / 03 / 25
Category: Business
Duration: 00:02:06
Publish Date: 2025-03-26 03:23:09
Description:

Opening Bell - Morning Commentary


Markets poised for a higher start


US equity markets advanced on Tuesday, driven by gains in communication services and consumer discretionary sectors. Market participants reacted to consumer sentiment data and anticipated a potentially more accommodating trade policy from the Trump administration in the coming week.


Asian stocks saw modest gains in early trading on Wednesday as investors looked for a clear direction amid weaker US consumer confidence and a late rally in US equities.


The U.S. dollar declined against major international currencies. Oil prices climbed on Wednesday in early Asia trade on concerns of tighter supplies after U.S. President Donald Trump threatened tariffs against countries importing oil and gas from Venezuela and after U.S. crude inventories fell more than expected.


Indian equity markets registered marginal gains and extending their winning streak to seven days yesterday. Initial bullish momentum, spurred by a robust global market rally, dissipated as banking, metal, and pharmaceutical sectors faced selling pressure.


FIIs purchased shares worth Rs 5,371 on March 25, while DIIs net sold shares worth Rs 2,768.87 crore, on March 25. Since resuming buying, FIIs have net bought shares worth Rs 19,136.83 crore in the last few sessions.


The Indian rupee snapped its nine-day appreciation, depreciating by 11 paisa to ₹85.75 against the dollar, attributed to month-end dollar demand from importers


Following a 1,900-point recovery from recent swing low of 21964, the Nifty appears to have entered a consolidation phase. While the overall bullish trend persists, support is anticipated at 23,400. Short-term resistance is pegged at 23,869, with further resistance at 24,125.


Indian markets are likely to open mildly higher in line with positive global cues.
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