The domestic stock market opened higher on March 18, 2025, with the Sensex gaining over 448 points, rising to 74,618.86, and the Nifty adding 140 points to reach 22,648.90.
Strong buying was observed in the realty and media sectors, fueled by positive global cues.
At 9:27 AM, the Sensex was up by 0.61%, while the Nifty climbed by 0.62%. The Nifty Bank index gained 0.84%, rising to 48,761.40.
The Nifty Midcap 100 index surged by 0.69%, reaching 48,794.85, and the Nifty Smallcap 100 index rose by 0.95%, trading at 15,110.95.
Technical Levels For Nifty
Market experts predict that Nifty could find support around 22,450, with further support levels at 22,350 and 22,300.
On the upside, resistance is seen near 22,700, followed by 22,750 and 22,800.
Despite the positive market performance, cautious sentiment prevailed due to heightened geopolitical risks, with escalating trade tensions following new tariffs imposed by US President Donald Trump.
Vikram Kasat of PL Capital-Prabhudas Lilladher noted that this uncertainty tempered the overall market optimism.
In the Sensex pack, ICICI Bank, M&M, Axis Bank, Tata Steel, and Tata Motors were among the top gainers.
On the other hand, HCL Tech, Sun Pharma, TCS, and Tech Mahindra faced losses during the session.
Global Market Overview
In global markets, the Dow Jones closed up by 0.85% at 41,841.63, while the S&P 500 added 0.64% to 5,675.12, and the Nasdaq gained 0.31%, closing at 17,808.66.
In Asia, markets were mixed, with Jakarta trading in the red, while Japan, Seoul, China, and Hong Kong saw positive movement.
Foreign Institutional Investment (FII) and Domestic Investment
Foreign Institutional Investors (FIIs) continued to be net sellers in March, offloading equities worth Rs 4,488.45 crore as of March 17.
However, Domestic Institutional Investors (DIIs) balanced the market with net buying of Rs 6,000.60 crore on the same day.
The Indian stock market opened strong, driven by sector-specific gains, while global cues provided a supportive backdrop.
However, geopolitical risks related to trade tensions may continue to impact investor sentiment in the short term.
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