Indian Stock Market Update: 10 Key Changes Over the Weekend

💰 Global Market Trends, Gift Nifty, US Nonfarm Payrolls & More

March 10, 2025: The Indian stock market is set for a cautious start on Monday, influenced by global macroeconomic developments and mixed cues from international markets. Sensex and Nifty 50 are likely to open lower following volatile global trends, economic data releases, and geopolitical developments.

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🔑 10 Key Market Changes to Watch Today:

1️⃣ Gift Nifty Signals Weak Start

• Gift Nifty traded around 22,600, nearly 50 points lower than the Nifty futures’ previous close, suggesting a negative opening for Indian stock indices.

2️⃣ Mixed Asian Markets

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• Japan’s Nikkei 225 remained flat, while Topix fell 0.1%.
• South Korea’s Kospi declined 0.14%, while the Kosdaq fell 0.83%.
• Hong Kong’s Hang Seng index indicated a stronger open.

3️⃣ Wall Street Rebounds, But Faces Weekly Decline

• US stock indices ended higher on Friday after Fed Chair Jerome Powell’s positive remarks, but saw the biggest weekly decline in months.
• Dow Jones +222.64 points (+0.52%) → 42,801.72
• S&P 500 +31.68 points (+0.55%) → 5,770.20
• Nasdaq Composite +126.97 points (+0.70%) → 18,196.22

Weekly Performance:

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• S&P 500 ↓ 3.1%
• Nasdaq ↓ 3.45%
• Dow Jones ↓ 2.37%
• Russell 2000 ↓ 3.86%

4️⃣ Powell’s Comments on US Economy & Interest Rates

• Powell ruled out aggressive rate cuts and emphasized that the US economy is in a “good place” but faces uncertainty from trade policies.

5️⃣ US Nonfarm Payrolls & Unemployment Rate

• US added 151,000 jobs in February, slightly below estimates (160,000).
• Unemployment rate edged up to 4.1%, signaling labor market cooling.

6️⃣ China’s Economic Woes – Inflation & Tariffs

• Consumer Price Index (CPI) fell 0.7% YoY, the sharpest decline in 13 months.
• Producer Price Index (PPI) remained negative for the 30th straight month.
• China imposed 15% tariffs on US agricultural goods and suspended soybean imports from three US entities.

7️⃣ Crude Oil Prices Decline

• Brent crude ↓ 0.36% to $70.11 per barrel.
• WTI crude ↓ 0.40% to $66.77 per barrel.
• Rising OPEC output and US tariff concerns dampened oil demand expectations.

8️⃣ Gold Prices Rise as Safe-Haven Demand Increases

• Spot gold ↑ 0.1% to $2,914.42 per ounce.
• US gold futures ↑ 0.3% to $2,921.90 per ounce.

9️⃣ US Dollar Weakens Further

• The US dollar fell to multi-month lows against the euro and yen.
• The Dollar Index declined 0.4% on Friday to 103.81, posting a 3.5% drop last week.

🔟 Indian Stock Market Outlook

• Friday’s Closing:
  • Sensex: 74,332.58 (-7.51 points, -0.01%)
  • Nifty 50: 22,552.50 (+7.80 points, +0.03%)
• Expert View:
  • “Global uncertainties may weigh on sentiment and disrupt this recovery attempt. Given the mixed signals, we recommend maintaining a positive yet cautious stance with a focus on prudent position sizing,” said Ajit Mishra, SVP, Religare Broking Ltd.

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