The market can open with an increase amid global boom – The Market May Open With An Increase AMID Global Boom

The domestic market is willing to reduce the gap in the second consecutive trading session after the global stock markets boom. Most of the Asian and European stock markets rose on Monday after a positive change in the stance of President Donald Trump on the fee policy. Trump indicated a fee cut on some consumer electronics goods, making speculation that the fee could be reduced. However, the US President later did not give importance to the exemption given in the weekend as a procedural step of a change in the global market. Japan’s stock market rose by about 1 percent. The Hong Kong market rose nearly 2 percent, although China’s index has increased less than one percent. Stocks Europe increased by 2 percent in 600 early trade.

Experts said the benchmark Sensex and Nifty could open up by more than 1 percent and will further strengthen the 2 percent rise on Friday. Earlier this week, the stock market rose on Friday due to Trump withdrawn the fee steps unpredictable. The Sensex last closed at 75,157, while the Nifty was closed at 50 22,829. The market remained closed due to holiday on Monday. However, due to increasing trade tension between the US and China, the boom was curbed.

Last week, Trump imposed a 90 -day ban on additional duty for countries with which business talks are going on, while 10 percent of baseline import duty was maintained. Due to uncertainty on the global economic impact of the fee, the market was very upheaval last week. The Nifty 50 index fell around 1,200 points or 5.5 percent. It fell to 21,744 and climbed up to 22,924 and closed at 22,829. There are only 3 business days left in this week. If global news is not unfavorable then instability seems to be decreasing.

Nandish Shah, Senior derivatives and Technical Research analyst at HDFC Securities, said, “According to the near period, we are expecting between 22,600 and 22,700 points of the Nifty to be between 22,600 and 22,700 points, while the immediate resistance is likely to be between 2,3000 to 23,100.”

A report by Bajaj Broking Research said, ‘We are hoping that the index will trade between 22,250 and 23,050. This limit will remain in a week of low business day. The index can go at 23,550 if the border breaks continuously above 23,050, which is the highest level of the previous week. The main support is between 21,700 and 22,000, which is according to the sharp fall on the last Monday 7 April.

First Published – April 14, 2025 | 10:19 PM IST

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