Indian benchmark indices, Sensex and Nifty 50, are expected to open on a positive note on March 24, taking cues from GIFT Nifty, which was trading around 23,506 earlier this morning. Market sentiment will likely be influenced by global trends, trade tariff concerns, and the actions of foreign portfolio investors.
Investors will also be keeping an eye out for India Manufacturing, Services and Composite PMI Flash figures for March, scheduled for release later today.
Indian equity indices ignored the weak global markets and extended the gains on the fifth consecutive session on March 21 with Nifty crossing 23,400, intraday, led by buying across the sectors.
On Friday, the 30-share benchmark index ended at 76905.51 up by 557.45 points or by 0.73 % and then NSE Nifty was at 23350.4 up by 159.75 points or by 0.69 %.
On the global front, Asian equities were trading mixed in the early trade on signs that the next round of President Donald Trump’s trade tariffs could be more measured than had previously been suggested.
Wall Street edged higher and the dollar gained ground on Friday after US President Donald Trump hinted he would be flexible regarding a new round of tariffs expected to be imposed early next month.
The Dow Jones Industrial Average rose 31.88 points, or 0.08%, to 41,985.20, the S&P 500 rose 4.55 points, or 0.08%, to 5,667.44 and the Nasdaq Composite rose 92.43 points, or 0.52%, to 17,784.05
Back home, Top traded Volumes on NSE Nifty – ICICI Bank Ltd. 60494318.00, Tata Steel Ltd. 49184821.00, Bharat Electronics Ltd. 41751586.00, NTPC Ltd. 36406837.00, Oil And Natural Gas Corporation Ltd. 29285333.00,
On NSE, total number of shares traded was 557.05 Crore and total turnover stood at Rs. 159843.62 Crore.
On NSE Future and Options, total number of contracts traded in index futures was 198248 with a total turnover of Rs. 32790.37 Crore. Along with this total number of contracts traded in stock futures were 2583009 with a total turnover of Rs. 156681.25 Crore. Total numbers of contracts for index options were 83894719 with a total turnover of Rs. 14208980.11 Crore. and total numbers of contracts for stock options were 12010130 with a total turnover of Rs. 755452.63 Crore.
The FIIs on 21/03/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 16341.42 Crore and gross debt purchased stood at Rs. 1340.46 Crore, while the gross equity sold stood at Rs. 13159.85 Crore and gross debt sold stood at Rs. 1258.11 Crore. Therefore, the net investment of equity and debt reported were Rs. 3181.57 Crore and Rs. 82.35