Indian stock markets remained closed on Monday in observance of Eid-ul-Fitr, while major Asian markets faced significant selling pressure.
At the time of reporting, Japan’s Nikkei 225 had plummeted by 4%, Taiwan’s Weighted Index had declined by 2.97%, and South Korea’s benchmark index had dropped by over 2.5%, reflecting widespread investor concerns.
On Friday, Indian markets ended on a negative note, with the Nifty closing at 23,519 points after shedding 72 points, while the Sensex declined 0.25% to settle at 77,414.
The ongoing market pressure is largely attributed to U.S. President Donald Trump’s tariff policies, which, despite being factored into market sentiment, continue to create uncertainty. Investors are now awaiting further clarity on the impact of these tariffs, set to take effect on April 2.
In India, foreign portfolio investors (FPIs) have remained net sellers for the third consecutive month in March. Data from the National Securities Depository Limited (NSDL) shows that FPIs offloaded stocks worth ₹3,973 crore in March, following sales of ₹78,027 crore in January and ₹34,574 crore in February. Despite fueling the recent market rally, FPIs have largely been on a selling spree in 2025, causing some volatility.
The benchmark Sensex is currently about 8,500 points below its all-time high of 85,978 points, though the pace of FPI sell-offs has slowed in recent trading sessions.
“Despite Friday’s market dip, the strong recovery seen in the latter half of March, fueled by substantial FPI inflows, has allowed major indices to end fiscal year 2025 with notable gains,” said Sunil Gurjar, SEBI-registered research analyst and founder of Alphamojo Financial Services.
He further noted, “The market is currently trading between a key resistance level of 23,800 and support. A breakout above this resistance would indicate a continuation of the uptrend, with technical indicators showing strength as the price remains above all key moving averages.”
As global market uncertainty persists, Indian investors will closely monitor developments when trading resumes.
