Today, on Wednesday (25 March), the market opened on a strong note for the second consecutive day. Sensex rose by 800 points, while Nifty was up by 200 points. Bank Nifty also saw a rise of more than 700 points. The IT index declined slightly, but all other sectoral indices were trading in the green. Indices like Metal, Media, PSU Bank and Auto registered gains of around 2 per cent. On Nifty 50, Shriram Finance showed strong gains today and emerged as the top gainer with a gain of 4%. Apart from this, gains were also seen in Bajaj Finance, UltraTech Cement, M&M, Eicher Motors, Grasim and Tata Motors. On the other hand, Tech Mahindra, HCL Tech, Infosys, Coal India and ONGC were the top losers of the day.
Before the market opens, global signals look encouraging. Investor confidence has increased following reports of progress in talks between the US and Iran—the impact of which can be clearly seen in Asian and global markets. Yesterday, on the day of weekly expiry of Nifty, there was a rise in the markets. Today, GIFT Nifty was trading 120 points higher at 23,048, while Dow Futures was up 285 points.
geopolitical developments
Amidst the ongoing tension with Iran, US President Donald Trump spoke on phone with Prime Minister Narendra Modi. During this conversation, the situation in West Asia and the need to keep the Strait of Hormuz open were mainly discussed. This development is considered important for the markets, as it may reduce risks related to energy supply.
ups and downs in US markets
However, despite these signs of relief, US markets continued to remain volatile yesterday. The Dow closed down 80 points, amid a 630-point trading range, while the Nasdaq lost 185 points. This clearly shows that global uncertainty has not completely ended yet. **Strong movement in commodity markets**
There was a sharp movement in precious metals in the global markets. Late night, silver gained nearly 5%, while gold gained 3%. However, in the domestic market, after a day of ups and downs, both gold and silver closed slightly lower.
FIIs vs DIIs: Where is the money going?
Despite the market’s internal strength, foreign investors continue to sell. For the 18th consecutive day, FIIs sold shares in the cash market—selling shares worth about ₹8,000 crore—taking their total net selling to ₹9,040 crore. In contrast, domestic institutional investors (DIIs) continued their buying for the 20th consecutive day, investing ₹5,867 crore.
Corporate and IPO related news
In the corporate world, a big deal has come to light. Aditya Birla Group has purchased IPL team, Royal Challengers Bangalore for approximately ₹16,600 crore. The deal was completed by purchasing 100% stake from United Spirits. Meanwhile, Anevir Investment is going to buy about 67% stake in Sammaan Capital—the deal has already received approval from the RBI. In the IPO market, the issue of Amir Chand Jagdish Kumar was fully subscribed on the first day, indicating strong interest from investors. However, the IPOs of Powerica and Sai Parenteral received a lukewarm response on the first day of their opening.
What do the signs indicate?
Today’s market signals suggest that the market may be supported by global easing factors, and a strong start is expected. However, continued selling by FIIs and ongoing global uncertainties cannot be ignored. As a result, intraday volatility is likely to continue in the market.
