Both US Federal Reserve and Bank of England are widely expected to keep the interest rates unchanged amid mixed economic signals and ongoing uncertainties. While this anticipated decision aligns with the Fed’s cautious stance on policy tightening amid uncertainties stemming from Trump’s tariff plans and their ripple effects on the US economy, it will be the central bank’s economic projections that will garner greater prominence.
US Fed and Bank of England to announce their monetary policy decisions – Daily Market Update 19th March 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled lower in range 0.5% to 1.71%.
- European equity markets ended on positive note.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is up by 60 points, Nifty futures likely to open around 22950 levels.
Nifty Overview & Outlook
Tracking positive cues from the global front, benchmark Nifty index opened with a gap on the higher side and kept the bullish momentum rolling till the end to settle at 22834 levels after adding 325 points to its previous closing values.
Buying was seen across the broad. Nifty Mid and Small cap index rose 2.10% & 2.71% respectively.
Performance on sectoral front was no different. All sectoral indices tracked at NSE ended in green. Amongst them, Media and Realty index were at the top of the tally, soared over 3% followed by Consumer Durables, Banking, Auto, NBFC were up over 2% each.
Technically, Nifty index moved higher after breaching the past seven days congestion range (22300-22680 zone) on the higher side. Going ahead, we expect it to move northward and test 23000 and higher levels in immediate near term. Hence, we suggest traders to maintain buy on dips trading approach till it is trading above 22550 spot levels.
Derivatives Overview & Outlook
Yesterday, Finnifty and Midcapnifty futures further added 13.6% and 2.4% of open interest as long buildup. On the other hand, no meaningful activity was seen in Nifty and Banknifty futures on open interest front.
All F&O sectors settled on a positive note. Amongst them, Chemical, Finance, Infrastructure and Realty stocks witnessed maximum addition of long positions along with some short covering among Banking and Pharma stocks.
On option front, put writing along with some call addition at higher strikes was seen at multiple strikes. Maximum positions are at 22500 PE and maximum call positions are at 23000 CE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 1463 Cr in the cash segment, bought index futures worth Rs 4761 Cr and also bought stocks futures worth Rs 3302 Cr. DIIs too were net buyers in the cash segment to the tune of Rs 2028 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23020-23120; Supports 22800-22700
Banknifty – Resistances 49500-49800; Supports 49050-48800
Finnifty – Resistances 24120- 24200; Supports 23900-23820
F&O Security in Ban Today: BSE, HINDCOPPER, INDUSINDBK, MANAPPURAM & SAIL.
Disclosure
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE, MCX, NCDEX, and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager and Research Analyst. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
AY Securities and Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. AtoZ Finstock Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Landbase Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited, Lakshya Impex Private Limited and Launchpad Fintech Private Limited are associates of GCML.
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