In this episode of Indian Market in Minutes join Shivangi Sarda from Motilal Oswal Research Desk for a deep dive into global market movements and Indian market action. In today’s episode, we discuss the effect of the US President’s new 25% tariff on imported cars, market reactions, and the potential impact on Indian markets. The Nifty index opened strong but faced profit booking, highlighting the importance of market levels for the coming days.
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[00:00:00] Welcome to Indian Market in Minutes from the Motilal Oswal Research Desk. Hey, this is your host Shivangi Sarda and let's look at what happened globally.
[00:00:19] Market is expected to open slightly lower due to global market weakness following the US President's announcement of a 25% tariff on all imported cars not made in the United States. Additionally, there is uncertainty regarding potential exemptions from the reciprocal tariffs that India's government is set to impose.
[00:00:40] To start with our first segment for Thursday, 27 March 2025, Nifty Index opened positive near 23,700 but failed to hold its opening hour high and dripped lower by around 300 points to touch 23,450 levels. It formed a bearish candle on the daily frame and has negated its higher highs higher lows formation of the last eight trading session.
[00:01:05] Index has witnessed a slight rub-off and profit-taking after the rally of the last week. India Wix was down by 1.2% to 13.5 levels. Nifty put-call ratio decreased to 0.92. Option data suggests a broader trading range in between 23,000 to 24,000 while immediate range is in between 23,300 to 23,700.
[00:01:33] Moving on to the second segment in the equity cash market, FIIs were net buyers to the tune of 2241 crores while DIIs were sellers worth 696 crores. FIIs index long-shot ratio increased to 33.6%.
[00:01:51] Going ahead with the index actionable, Debiters data and price setup suggest if Nifty manages to cross and hold above 23,500, then some bounce could be seen towards 23,750 and 23,900. Or else downside move could be seen towards 23,200. Bank Nifty has to hold above 51,000 for the next up move towards 52,000 while support can be seen at 51,000 levels.
[00:02:21] And finally, talking about the sectors in stocks to watch out, positive setup can be seen in Siemens, Trent, HAL, Madderson, Ambucha Cement, RBL Bank, Varico and Havels. While some weakness could continue in BSC, Dixon, Auropharma, Kin Copper, BPCL, TechM and LTTS. Wish you a super day ahead. Shivangi Sarada signing off. Follow this podcast with solid advice.
[00:03:04] Investment and securities market are subject to market risk. Read all the related documents carefully before investing. We'll be reading.