Indian markets poised for a positive open as global cues turn bullish; key developments include US PMI, RBI’s new PSL norms, and SEBI board’s regulatory updates.
Mumbai | March 25, 2025 — The Indian stock market is expected to open higher today, riding on strong global cues and overnight developments, both domestic and international. Here’s a quick look at 10 key factors that changed the game overnight and could influence trading sentiment on Dalal Street.
Also Read: Nifty 50 Turns Green in 2025: Will the Indian Stock Market Rally Sustain?
🔟 10 Things to Know Before Market Opens
1. Gift Nifty Indicates Positive Start
Gift Nifty was trading at 23,758, nearly 59 points above Nifty futures’ previous close, signaling a strong opening for Nifty 50.
Also Read: Indian Stock Market Rallies for Six Consecutive Sessions: 5 Key Reasons Behind the Surge
2. Wall Street Rally Boosts Global Sentiment
All three US indices closed significantly higher:
- S&P 500: +1.76% (5,767.57) – highest in over two weeks
- Nasdaq: +2.27% (18,188.59)
- Dow Jones: +1.42% (42,583.32)
Top gainers: Tesla (+11.93%), AMD (+6.96%), Nvidia (+3.15%)
3. Asian Markets Open Higher
Major indices in Asia followed suit:
Also Read: India Set to Become Third-Largest Driver of Global Trade Growth: DHL Trade Atlas 2025
- Nikkei 225: +1.15%
- Topix: +0.50%
- Kospi: +0.49%
- Kosdaq: +0.30%
- Hang Seng futures hint at a cautious start.
4. Trump Tariff Drama Eases
President Donald Trump hinted at a more measured rollout of tariffs on automobiles, aluminum, and pharmaceuticals. Though some tariffs are expected by April 2, he hinted that “many countries” may get exemptions.
He also announced a 25% tariff on countries buying oil/gas from Venezuela.
5. Strong US PMI Data
- Composite PMI: 53.5 (vs. 51.6 in Feb)
- Manufacturing PMI: 49.8 (vs. 52.7) – slight contraction
- Services PMI: 54.3 (vs. 51.0) – stronger than expected
6. SEBI Board Meeting Outcome
SEBI has:
- Relaxed norms for foreign investors, AIFs, and RIAs
- Announced it will review conflict of interest rules for members and officials
This is seen as a regulatory booster for capital markets.
7. RBI’s Revised PSL Guidelines
Effective April 1, 2025:
- Housing loan limits enhanced
- Loans under renewable energy broadened
- Aimed at improved targeting of priority sector lending (PSL)
8. Dollar Strengthens Globally
- USD/JPY: above 150
- Dollar Index: 104.3 (4th straight gain)
- EUR/USD: $1.0796
- GBP/USD: $1.2918 (after hitting a two-week low)
9. Gold Prices Ease
Gold cooled off amid tariff relief and rate-cut uncertainty:
- Spot Gold: $3,010.72/oz
- US Gold Futures: $3,015.10/oz
10. BoJ Signals Future Rate Hikes
Minutes from the Bank of Japan’s January meeting show policymakers are open to further interest rate hikes after recently raising short-term rates to 17-year highs.
📉 Market Recap: March 24, 2025
- Sensex: +1,078.87 pts (77,984.38)
- Nifty 50: +307.95 pts (23,658.35)
- Sixth straight session of gains on back of FIIs optimism, global cues, and rate-cut hopes.
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