Household wealth in equities is growing, with individuals holding 17.6% of the market. Follow the link to know more: https://t.co/wO2fJZEyd8#NSE #NSEIndia #StockMarket #Nifty50 #Investor #Equity #NSEMarketPulse pic.twitter.com/Q7sveGcISz
— NSE India (@NSEIndia) February 8, 2025
The Indian stock market experienced a mixed week, with the Nifty-50 and S&P BSE Sensex recording marginal gains of 0.2% week-on-week, closing at 23,559.95 and 77,860.19 respectively. The Bank Nifty index climbed over 1% to 50,158.85, led by gains in the healthcare and auto sectors, while industrials and utilities faced losses. The broader market concluded on a flat note.
With 381 lakh investors in the CM segment and 112 lakh in equity derivatives trading at least once a year, participation remains strong. Follow the link to know more: https://t.co/wO2fJZEyd8#NSE #NSEIndia #StockMarket #Nifty50 #Investor #Equity #NSEMarketPulse pic.twitter.com/NF3n3OOOuA
— NSE India (@NSEIndia) February 7, 2025
Ajit Mishra, Senior Vice President of Research at Religare Broking Ltd., noted that maintaining the 23,200 support level is crucial for the Nifty-50 to sustain a positive positional bias, with 23,900 seen as a significant resistance. Breaking this resistance could propel the index towards 24,200. The Q3FY25 earnings season has largely met expectations, and the Reserve Bank of India’s decision to reduce the repo rate by 25 basis points has shifted focus towards addressing growth concerns.
?Nifty declines for 4th session; Trent, Powergrid lead losses
Here's how the market panned out today! #Nifty #StockMarket #stockmarketsindia pic.twitter.com/UmA3Ru5nWM
— ET NOW (@ETNOWlive) February 10, 2025
However, persisting uncertainties surrounding US trade policies, a hawkish Federal Reserve, and ongoing capital outflows continue to challenge both global and domestic equity markets, according to Shrikant Chouhan, Head of Equity Research at Kotak Securities. Sumeet Bagadia, Executive Director at Choice Broking, recommended buying Aarti Pharmalabs at 740.85 with a target price of 790 and a stop loss at 715, and NDR Auto Components at 788.25 with a target price of 850 and a stop loss at 760. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested buying an unnamed stock at 430 with a target price of 460 and a stop loss at 415, and Torrent Power at 1405 with a target price of 1450 and a stop loss at 1370.
Bank Nifty’s surge bolsters market
In Monday’s trading session, the Sensex dropped more than 650 points, and the Nifty 50 neared 23,340 during intraday trading. Analysts attributed the market decline to factors such as Trump’s tariffs, elevated valuations, weak earnings, continuous outflow of foreign capital, and the rupee’s weakness.
Dr. Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital, highlighted that Indian equity markets are under pressure due to ongoing selling by foreign institutional investors, driven by uncertainties surrounding US policies rather than local issues. He noted that the upcoming meeting between Modi and Trump could potentially result in a “mini deal” on trade, which might uplift market sentiment.
Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, recommended buying Castrol India Ltd at ₹209.70 with a target of ₹220 and a stop loss of ₹203, and selling LIC Housing Finance Ltd at ₹566.80 with a target of ₹535 and a stop loss of ₹585. Dhupesh Dhameja, Derivatives Analyst at SAMCO Securities, stated that the Nifty index continues its sideways movement within a well-defined range, with resistance at the 50-day EMA and support at the 20-day EMA. He advised a “Range Trading” strategy until a decisive breakout occurs.
Sumeet Bagadia suggested buying Supriya Lifescience at Rs 773.6 with a stop loss at Rs 750 and a target of Rs 830, and Wonder Electricals at Rs 198.18 with a stop loss at Rs 190 and a target of Rs 210.
