Opening Bell - 04 / 02 / 25

Stock Market Updates

Opening Bell - Daily Morning Commentary

Short covering to propel markets higher

The major US stock indexes closed lower on Monday, but partly recovered from initial steeper losses. U.S. President Donald Trump suspended his threat of steep tariffs on Mexico and Canada, agreeing to a 30-day pause in return for concessions on border and crime enforcement with the two neighbouring countries.

President Donald Trump signed an executive order that directs the U.S. to begin the process of developing a government-owned investment fund - US sovereign wealth fund.

Asia-Pacific markets climbed after Donald Trump postponed tariffs, with Japan's Nikkei 225, Hong Kong's Hang Seng and South Korea's Kospi surging 1-2 percent.

The HSBC India Manufacturing PMI reached a six-month high in January, driven by an increase in new export orders.

US President Donald Trump has extended an invitation to Prime Minister Narendra Modi to visit the White House next week, to hold talks on a range of issues including trade and defence.

GIFT Nifty futures are hinting a start in the green for the session ahead. FIIs have continued to sell in cash markets, and added to their short positions yesterday. Change in the market sentiment will force them to cover some of their shorts and that will propel the markets higher today.

Nifty has an immediate support at 23222. Below that it could test support at 23000. On the upside, the index faces resistance near 23550.