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Informist, Friday, Mar. 28, 2025

MUMBAI – Benchmark indices are likely to be higher Tuesday, but analysts also expect some amount of volatility in the coming week as US President Donald Trump will announce his final decision regarding reciprocal tariffs. The Indian equity market will be shut on Monday on account of Id-ul Fitr. Analysts said that investors would likely wait for the March quarter earnings to confirm their positions. Some technical analysts also pointed out that investors would likely take a 'buy on dips' strategy in the coming week after indices fall in the next 2-3 trade sessions, giving them a better opportunity to enter.

Analysts are divided in their views on how markets will find direction in the coming week. While some expect volatile sessions next week, others said that there would not be a sharp movement on either side. Some analysts also believe that the market has already factored in all the negatives related to tariffs and the movement would be subdued.

On the data front, retail sales data of automobile companies is due next week, along with India's manufacturing and services purchasing managers' index data. 

Earlier this week, Trump announced a 25% tariff on automobile and auto part imports. He also said that he would levy a 25% tariff on countries which import oil and gas from South American nation Venezuela. Analysts said that India and the US will likely strike a trade agreement and arrive at a decision which may not hurt either country.

Overall, everything looks positive for the Nifty 50, but some fall is anticipated next week so that the index can take support and rise further, said Nandish Shah, technical research analyst at HDFC Securities. He also said that there are many data announcments and geopolitical events due in the coming week, and investors would likely be cautious and make their call based on those outcomes, he said. He expects the Nifty 50 to find support at 23350 points in the coming week and face resistance at 23800 points. 

The Nifty 50 closed at 23519.35 points, down 0.3%, and the BSE Sensex closed at 77414.92 points, down 0.3%, on the last trading session of 2024-25 (Apr-Mar). The mid- and small-cap indices also fell.   End

US$1 = INR 85.47

Edited by Akul Nishant Akhoury

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