Asian stocks rose in early trade on Tuesday after US equities enjoyed one of their best sessions of the year, fueled by signs that President Donald Trump’s trade sanctions will be narrower than feared.
Asian stocks advances on Trump’s narrower than expected tariff signals- Daily Market Update 25th March 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 1.42% to 2.27%.
- European equity markets ended on flat note.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is up by 70 points, Nifty futures likely to open around 23770 levels.
Nifty Overview & Outlook
Benchmark Nifty index ended higher at 23658 levels after adding more than 300 points to its previous closing values.
Buying was seen across the board as Mid and Small cap indices too gained over 1% each.
Performance on the sectoral front was no different. Banking and Finance pack led by PSU banks were the top gainers as PSU bank index rose over 3% supported equally by Private bank index that rose 2.42%. Realty, IT and Oil & Gas stocks were up over 1% each.
Nifty index is moving in line with our expectations and has almost reached the price resistance of 23800 spot levels. Going ahead, we continue to uphold our short term bullish view on Nifty index till it is trading above 23300 spot levels on closing basis and suggest traders to maintain buy on dips trading approach.
Derivatives Overview & Outlook
Yesterday, Nifty and Finnifty futures added 2% & 13.5% of open interest respectively as long buildup, on the other hand, Banknifty and Midcapnifty futures shed 1.2% and 11.3% of open interest respectively as short covering.
All sectoral indices, barring Telecom, settled in green. Amongst them, short covering was seen among Banking, Cement, Chemical, Finance and Technology stocks along with some long buildup in Capital Goods stocks.
On options front, put writing was seen at multiple strikes. Maximum positions are at 22500 PE followed by 23000 PE and 25000 CE followed by 24500 & 24100 CE.
Institutional Trading Activity
Yesterday, FIIs bought stocks worth Rs 3056 Cr in the cash segment, bought index futures worth Rs 341 Cr and also bought stocks futures worth Rs 942 Cr. DIIs were too net buyers in the cash segment to the tune of Rs 99 Cr.
Nifty Futures, Banknifty Futures and Finnifty Futures Key Levels
Nifty – Resistances 23850-23950; Supports 23600-23480
Banknifty – Resistances 52200-52500; Supports 51500-51300
Finnifty – Resistances 25200- 25300; Supports 24980-24880
F&O Security in Ban Today: INDUSINDBK
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