By theindianinvestor 
Wednesday, 12th March 2025
Time : 8:00AM IST
I could not write the “market insight”for last two days as i was busy with some other work.
1. Yesterday, Nifty gained 37 points and closed at 22,497.
2. Tariffs… Tariffs… Tariffs! Uncertainty around tariffs is making markets worldwide highly volatile.
3. After a gap-down opening, markets moved higher, gaining nearly 180 points from the low.
4. This clearly shows buying strength when markets touched the 22,300 level.
5. Infosys and IndusInd Bank dragged Nifty down by nearly 60 points. IndusInd Bank crashed by 27% due to reported accounting gaps.
6. US President Donald Trump hinted at a possible short-term recession, leading to a market sell-off on Monday. Nasdaq fell nearly 3%, impacting the Indian IT sector.
7. Markets cannot tolerate uncertainty. Until the tariff-related news settles, volatility will persist.
8. Both global and local cues remain weak—globally, there is tariff uncertainty, and locally, we have FII outflows and a weakening rupee.
9. Yesterday, FIIs net sold more than ₹2,800 crores in the cash market, and their short positions in index futures remain at nearly 82%. FIIs continue to sell, while DIIs try to support the market.
10. US markets ended negative—Dow Jones fell by 1%, and Nasdaq was down 0.18%. At one point, Nasdaq was down 1.2% but later recovered.
11. US Dow futures are trading positive.
12. Asian markets are trading in the green this morning.
13. GIFT Nifty indicates a flat start for our markets. At one point last night, it showed a gap-down of over 120 points.
14. The Dollar Index has fallen from its recent high of 110 and is now at 103. This may further impact the IT and Pharma sectors, as a declining Dollar Index is negative for them.
15. Nifty might take support around 22,300 and face resistance at 22,800.