Indian equities in Friday’s session (March 21, 2025) opened decrease monitoring weak Asian markets. On the open, Nifty was down 0.19 per cent or 44.6 factors at 23,146.05, whereas the Sensex was down 0.28 per cent or 215.51 at 76,132.55.
Dr. V Ok Vijayakumar, Chief Funding Strategist, Geojit Monetary Companies mentioned, “The rally out there this week which noticed the Nifty rise by 3.5% has come at a time when commerce tensions are escalating and extra is predicted when the reciprocal tariffs kick in on April 2nd. The primary driver of the rally is the shopping for by FIIs within the money market in two days and maybe, extra importantly, sharp decline of their brief positions and enhance in lengthy positions within the futures market. It seems that this has given confidence to retail buyers who’ve resumed shopping for within the broader market which is getting mirrored within the good rebound within the mid and smallcap indices”
A big function of the rally is that majority of the gainers are the home consumption themes which might be insulated from the reciprocal tariffs. Traders could wait and look ahead to the reciprocal tariff announcement on April 2nd earlier than deciding on funding technique, he added.
Asian markets
Asian markets in right this moment’s commerce had been buying and selling on a muted notice as buyers discounted the outlook for elevated US tariffs in addition to rates of interest. The important thing MSCI Asia ex Japan index was down 0.83 per cent decrease.
