Stock Market Live Updates 3 March 2025: Sensex, Nifty rise; analysts caution on FPI sell-off, market

PMI slowed to 56.3 in February

* Nifty 50 correction: Down 15.87% from its all-time high, marking a five-month losing streak, the longest since 2000.

* Resistance Levels: Strong resistance at 22,500 and 22,800, as indicated by the highest Call Open Interest concentration. 

* Support Levels: Critical levels to watch for downside protection amid FPI outflows and weak earnings. 

* Breakout Potential: A move above 23,000 could trigger short-covering and fresh buying, signalling a possible recovery. 

* Global Uncertainty Impact: Trump’s tariff policies, rising US bond yields, and a strong US dollar continue to weigh on risk appetite. 

* Market Sentiment: Remains technically weak; any bounce is expected to be a sell-on-rise opportunity rather than a sustainable recovery. 

* FPI Outflows: Selling pressure persists, keeping market sentiment bearish. 

* GDP and Economic Data: December quarter GDP at 6.2% and GST collections at ₹1.84 lakh crore met expectations, providing some support. 

* Trading Strategy: Cautious approach advised until a decisive breakout or reversal is confirmed.

The growth in gross GST Collections for February 2025 is almost in line with the average growth rate of gross GST collection for the year. However, higher than average refunds issued in this month has led to lower than average growth rates in the net GST collection numbers. Another interesting point is that the year on year growth rate of collections by central formations has significantly outpaced the growth rate in collections by state formations which may possibly be due to the significant successes by the investigation arms of the central formations.

Source:-  The Hindu Business Line