“Sensex & Nifty Expected to Open Higher; Key Global & Domestic Developments to Watch”
March 3, 2025: The Indian stock market is set for an eventful week, with key global and domestic factors shaping investor sentiment. Sensex and Nifty 50 are expected to open higher on Monday, supported by positive cues from global markets and easing concerns over macroeconomic conditions.
Here are 15 key developments that could impact the stock market this week:
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📈 Market Performance & Global Cues
1. Gift Nifty Indicates Positive Start
Gift Nifty was trading around 22,365, a premium of nearly 85 points from Nifty futures’ previous close, signaling a positive opening for the Indian market.
Also Read: Bharti Airtel & Tata Group Discuss DTH Merger to Strengthen Market Position
2. US Markets Ended Higher
Wall Street closed higher last Friday, led by technology stocks.
- Dow Jones: 🔼 1.39% at 43,840.91
- S&P 500: 🔼 1.59% at 5,954.50
- Nasdaq: 🔼 1.63% at 18,847.28
Nvidia (+3.87%) and Tesla (+3.94%) gained, while Dell and HP Inc declined.
3. Asian Markets Trade Mixed
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- Japan’s Nikkei gained 1.1%
- Hong Kong Hang Seng futures suggested a lower opening
- South Korea markets remained closed for a public holiday
📊 Key Domestic Market Triggers
4. Indian Stock Market Performance
- Sensex fell 1,414 points (-1.90%) last Friday
- Nifty 50 ended 420 points lower (-1.86%)
This marked Nifty’s fifth consecutive monthly decline, down 6% in February.
5. India’s GDP Growth
- India’s GDP grew by 6.2% in Q3 FY25, slightly below the RBI estimate of 6.8%.
- Growth was higher than the previous quarter’s 5.8%, signaling economic stability.
6. India’s Fiscal Deficit
- Fiscal deficit for April-Jan FY25 stood at ₹11.70 lakh crore (74.5% of the budget estimate), higher than the previous year’s ₹11.03 lakh crore (63.6%).
7. Core Sector Growth
- Growth in India’s eight core industries was 4.6% in January, slightly lower than December’s 4.8% but higher than January 2024’s 4.2%.
8. GST Collection Rises
- Gross GST revenue for February: ₹1.84 lakh crore (+9.1% YoY)
- Net GST collections: ₹1.62 lakh crore (+8.1% YoY)
🚘 Sector-Specific Updates
9. Auto Sales Performance
- Maruti Suzuki: Marginal growth
- Hyundai & Tata Motors: Decline in sales
- Mahindra & Mahindra: Double-digit growth, driven by SUVs & MPVs
10. Crude Oil Prices Rebound
- Brent crude: 🔼 0.99% to $73.53 per barrel
- WTI crude: 🔼 0.97% to $70.44 per barrel
11. Gold Prices Rise
- Spot gold: 🔼 0.3% at $2,868.29 per ounce
- US gold futures: 🔼 1.1% at $2,880.70 per ounce
Weaker US dollar and inflation concerns supported gold prices.
🌎 Key Global Developments
12. US Inflation & Consumer Spending
- PCE Index: Increased 0.3% in January, showing stable inflation trends.
- Consumer spending: Dropped 0.2%, raising concerns about economic slowdown.
13. Trump-Zelenskyy Meeting Impact
- Tensions escalated as Donald Trump and Volodymyr Zelenskyy traded verbal blows.
- No agreement was signed between the US and Ukraine over natural resources.
14. Japan’s Manufacturing Slump Continues
- Japan’s PMI improved slightly to 49.0 in February but remains in contraction territory for the eighth consecutive month.
15. Bitcoin Surges Above $94,000
- Bitcoin jumped +11% to $94,110 following US President Donald Trump’s announcement of including Bitcoin, Ethereum, and XRP in a new US strategic crypto reserve.
📌 Conclusion: What to Watch This Week
🔹 Stock market trends: Will Sensex & Nifty recover from last week’s sharp decline?
🔹 Auto sales data: How will leading automakers perform in a slow market?
🔹 US inflation impact: Will Fed’s inflation measures affect global interest rate decisions?
🔹 Bitcoin & crypto rally: Can Bitcoin maintain its momentum above $94,000?
With major economic indicators, corporate earnings, and geopolitical factors at play, the Indian stock market is set for a dynamic trading week. Stay tuned for more updates!
Tags:
#IndianStockMarket, #Sensex, #Nifty50, #StockMarketNews, #GlobalMarkets, #Bitcoin, #CrudeOil, #GoldPrices, #IndiaGDP, #MarketUpdate,
