Wednesday, 5th March 2025

Time : 8:00 AM IST

insights :

1. Yesterday, Nifty fell by 36 points and closed at 22,082.

2. Nifty closed in red for the 10th straight day as Trump’s trade war and FPI selling remain major concerns.

3. Although Nifty opened below 22,000, it sustained and closed above that level, making 22,000 a crucial support.

4. NSE has changed the F&O expiry to Monday from Thursday, starting April 4th.

5. FIIs continued selling, net selling over ₹3,400 crores, while DIIs net bought over ₹4,800 crores in the cash market. FIIs’ net shorts in index futures stand at 83%.

6. US markets ended lower, with the Dow down 650 points. Today, US PMI and payroll data will be released.

7. Asian markets are trading mixed, with China leading the gains. The Hang Seng is up more than 2% as China sets a 5% GDP target for 2025.

8. The dollar index is trading around 105.7, down nearly 4% from its recent mid-January peak around 110. The rupee is underperforming compared to other Asian peers.

9. GIFT Nifty indicates a flat start, down by 20 points.

10. Nifty’s support is at 22,000. If it breaks, the next support is at 21,500, while resistance is expected around 22,300.

11. Today’s closing will be interesting to see if the market can break the 10-day losing streak.