Indian equities in Monday’s session (February 17, 2025) regardless of largely optimistic Asian markets opened on a destructive notice. Firstly, the 30-share Sensex was down 0.51 per cent or 387.07 factors at 75,552.14, whereas the NSE Nifty50 shed 0.6 per cent or 136.5 factors at 22,792.75.
In the meantime, broader markets additionally continued their downward slide and underperformed the headline indices, with a lower of 0.75 per cent on each the Nifty Smallcap 100 and Nifty Midcap 100 indices.
Sectorally, it was a sea of purple with across-the-board sell-off led by Realty and IT shares. From the Nifty50 pack, high gainers included shares like Solar Pharma, Cipla, Asian Paints, Bajaj Finserv and JSW Metal, whereas the highest laggards in early commerce have been M&M, Tata Metal, Hero MotoCorp, HDFC Life and Bharat Electronics.
Trying on the present market dynamics, Prashanth Tapse, Senior VP (Analysis), Mehta Equities famous the next positives for the markets, together with Russia-Ukraine peace prospects, falling oil costs, a weaker US Greenback, and RBI’s price cuts.
Nonetheless, the persevering with deterrent on the D-Avenue is the persistent FII sell-off, with them being internet sellers up to now in 2025, having pulled out Indian equities price Rs 116556 crore.
Shares in motion
BHEL: The state-run entity has obtained a Letter of Intent (LOI) from Singareni Collieries Firm (SCCL) for the EPC bundle for the Singareni Thermal Energy Challenge, Stage II (1×800 MW) at Mancherial, Telangana.
M&M: Shares of the auto main will acquire traction after receiving a good response for its new electrical SUVs, the XEV 9e and BE 6.
ABB India: Shares of the corporate will acquire focus forward of its December quarter earnings at present.
Technicals
Tapse stated Nifty wants to interrupt above 24051 (its 200 DMA) to verify energy. In the meantime, Anand James, Chief Market Strategist, Geojit Monetary Companies on the Nifty outlook identified that
although 22800 stepped in to avert a collapse, but once more, prompting a pull again in direction of Friday’s shut, it ended with out offering sufficient indicators in direction of an outright flip increased.
To date the decline from September peak together with an interim pull again ending exactly on the 50day SMA, match completely throughout the declining channel, projecting 21800-21300 because the break down goal. Opening trades will take cues from the combat again of the closing hour of Friday, in addition to optimistic oscillator divergences briefly time period periodicities, however it will require a push past the 23000-23300 band to avert an imminent drop, added James.
Asian markets
Most Asian markets rose in Monday’s session as traders took heed of the worldwide financial outlook, whereas the US President Donald Trump on the identical time pushed forward together with his commerce struggle.
The market temper has turned extremely cautious ever since Trump upon his return to the Oval Workplace final month introduced an array of tariffs in opposition to main buying and selling companions.
The important thing MSCI Asia ex Japan index was final up 0.61 per cent.
