The Indian stock market opened flat on March 19, 2025, amidst mixed global cues.
The Sensex and Nifty indices showed slight upward movement in early trade, with the Sensex gaining 17.21 points (0.02%) and the Nifty adding 4.65 points (0.02%).
The Nifty Bank index rose by 0.55%, while the broader markets showed stronger performance, particularly in the PSU bank and metal sectors.
At 9:30 AM, the Sensex was trading at 75,318.47, while the Nifty was at 22,838.95.
Notable gainers included the Nifty Midcap 100 index, which rose 0.96%, and the Nifty Smallcap 100 index, up 0.89%.
Sectoral gains were led by PSU banks and metal stocks, reflecting a positive market sentiment.
Market watchers suggest that the Nifty may find support at the 22,750 level, followed by 22,650 and 22,550, while the immediate resistance is seen at 22,950, followed by 23,000 and 23,100.
Vaishali Parekh, Vice President of Technical Research at PL Capital Group, noted that a bullish trend is evident with the Sensex closing above the 20-day moving average (DMA) of 74,500, suggesting improved market sentiment.
In a significant development, Foreign Institutional Investors (FIIs) reversed their trend of net selling, purchasing equities worth Rs 694.57 crore on March 18.
Domestic Institutional Investors (DIIs) also joined the buying trend with purchases worth Rs 2,534.75 crore.
This buying activity signals renewed confidence among institutional investors in the Indian market, particularly following a series of declines in the preceding sessions.
Tata Steel, Zomato, IndusInd Bank, Bajaj Finserv, SBI, and Tata Motors were among the top gainers in the Sensex pack.
On the flip side, tech stocks like HCL Tech, TCS, Infosys, and Tech Mahindra saw some losses, contributing to the mixed sentiment in the market.
The broader market indices showed solid performance, with the Nifty Midcap 100 and Nifty Smallcap 100 indices gaining 477.4 points (0.96%) and 137.3 points (0.89%), respectively.
Investors are closely watching these trends for potential stability in the coming sessions.
Globally, the Dow Jones declined by 0.62%, the S&P 500 dropped by 1.07%, and the Nasdaq fell by 1.71%.
However, Asian markets displayed mixed trends, with China trading in red, while Japan, Seoul, Hong Kong, Jakarta, and Bangkok were all in green, showing some positive sentiment in the region.
The early opening of the Indian stock market shows cautious optimism, with notable support from FIIs and positive movements in PSU banks and metal sectors.
While the broader market sentiment appears to be improving, especially with institutional buying, market watchers are awaiting further signs of stability in the coming sessions.
The positive pullback in the Sensex and Nifty suggests that the market may continue its recovery if global cues remain favorable.
Also Read: MIAL Proposes Tariff Revision To Fund Infrastructure Upgrades
India evacuated 4,415 nationals from Iran and Israel under Operation Sindhu, the MEA said Friday,…
PM Narendra Modi will embark on a five-nation tour from July 2, visiting Ghana, Trinidad…
The Allahabad HC has directed the UPPSC to allow petitioner Sameer Khan to use a…
The Allahabad High Court strongly rebuked three senior officials from Baghpat district, the Collector, SDM…
The Adani Group has emerged as India’s fastest-growing brand in 2025, registering a massive 82%…
Flash floods struck Swat district, on Friday, sweeping 18 tourists, including women and children, into…