By theindianinvestor 
Wednesday, 2nd April 2025
Time : 8:00 AM IST
insights :
1. Yesterday, Nifty fell by 353 points and closed at 23,165.
2. After opening nearly 200 points lower, Nifty recovered almost all of its losses but then dropped again by 350 points. It was a volatile session with a total swing of more than 500 points.
3. The fall was mainly due to index heavyweights like HDFC Bank, ICICI Bank, Infosys, and Reliance, which collectively contributed nearly 200 points to the decline.
4. Nifty Small Cap and Mid Cap indices fell by nearly 0.7%.
5. Trump’s tariffs are set to begin today. Many expected some relief before April 2, but it did not happen.
6. The biggest uncertainty now is regarding FIIs. They resumed selling yesterday, with a net sell of ₹5,900 crores, while DIIs net bought ₹4,300 crores in the cash market. FIIs are building their short positions again, with net shorts standing at 69% versus 66% earlier in index futures.
7. US markets ended mixed.
8. Most Asian markets are trading in the red.
9 GIFT Nifty indicating a 30-40 point gap up opening , but the question is whether this will sustain or not ?
10 We have series of events and data coming in April.
11 PMI Data , RBI Policy , inflation and IIP data from India and Employment data from US and Trump’s announcement on these tariffs.
12 After this we have corporate results which come into action.
13 TCS starts the result season on 10th April.
14 so markets are going to be volatile this month.
15 Nifty may take support at 23000 and may face resistance at 23500.