Indian equity benchmarks opened higher on March 25, with the BSE Sensex rising more than 800 points and the NSE Nifty crossing the 23,150 mark in early trade, supported by gains in Asian markets, easing global tensions following comments by US President Donald Trump, and a decline in crude oil prices.
The 30-share BSE Sensex opened higher by over 600 points at 74,652 compared with its previous close of 74,068. At around 9:20 am, the index was trading higher by more than 816 points at 74,885.
The NSE Nifty opened at 23,064 and extended gains to 23,181 in early trade, marking an increase of approximately 269 points, or around 1.17 percent.
Global sentiment received support after US President Donald Trump said that talks were ongoing to end the conflict in West Asia, raising expectations of easing geopolitical tensions. The statement influenced investor positioning, leading to increased buying activity in equities.
Asian markets traded higher in early sessions, with Japan’s Nikkei 225 and South Korea’s Kospi rising by approximately 2.9 percent and 3.05 percent, respectively. Markets in China and Australia also opened with gains.
In contrast, US markets closed lower in the previous session, with declines recorded in the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite.
Crude oil prices declined in global markets, with Brent crude trading below $100 per barrel at around $98. The decline followed expectations of easing tensions in West Asia, reducing concerns over supply disruptions.
Lower crude oil prices are significant for India as an importer, with potential implications for inflation and fuel price stability. The decline in oil prices, alongside improved global sentiment, contributed to the positive momentum in domestic equities.
Activity in the primary market remained firm. The initial public offering of Amira Chand Jagdish Kumar Exports was subscribed 1.26 times on the first day, while the Sai Parenteral IPO saw slower subscription. In the SME segment, Hynes Microelectronics IPO was subscribed 1.35 times.
