Share Market: India’s benchmark indices, Sensex and Nifty50, opened the day’s trade almost flat on Friday, March 7, 2025. The Sensex (index with top 30 firms) surged 7 points to 74,347.14 on Friday. Meanwhile, Nifty50 (index with top 50 firms) was down 36.05 points to 22,508.65 points.
Both indices ended in green on Thursday, March 6, 2025. This is the second consecutive day when Sensex and Nifty50 closed in green. The Sensex surged 609.86 points to settle at 74,340.09 points on Thursday. Meanwhile, Nifty50 (index with top 50 firms) was up 207.40 points to 22,544.70 points.
Today, selling by foreign investors continued to weigh on the market sentiment. Experts believe that relief from foreign outflows is unlikely before April, as investors await strong corporate earnings and the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting.
Despite the flat opening, market analysts suggest that concerns over global economic conditions, along with the impact of Trump tariffs, are influencing market movements.
Share Market: What Experts Are Saying?
“Indian markets remain impacted by continued FPI selling and with domestic catalysts not on the horizon till the April earnings and next RBI MPC meet, global cues are more dominant. The outcome of Commerce Minister Piyush Goyal’s US negotiations will be a key driver in the coming weeks as India braces for the April 2nd reciprocal tariffs wave,” said Ajay Bagga, Banking and Market Expert.
“The ECB cut rates, yet again, and as expected. Trump tariffs derailed US markets. Fed Governor Waller ruled out the need for any Fed rate cuts in March. Nasdaq entered correction territory as the “Magnificent Seven” heavy lifters continue to be sold in a Trump-risk-off trade. The markets are poring through Trump 1.0 records to see when does Trump blink, at what levels of market losses does he relent. We are nearly there,” he added.
“The nifty rose for a second day yesterday, which was its longest two-day winning run since End-Jan. The daily candle traced a long lower shadow, which showed bulls stepping in to buy the initial, volatility-laden dip. Resistance lies in the 22588 to 22720 area, with support seen between 22230 and 22410. Tactically, the bulls clearly are showing signs of life, particularly after yesterday’s rebound,” said Akshay Chinchalkar, Head of Research, Axis Securities.
Market experts predict that sustained foreign outflows may continue to put pressure on Indian equities in the near term.
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