Indian equities in Monday’s session (February 24, 2025) monitoring weak international cues continued to commerce decrease for the fifth straight session. On the open, the 30-share Sensex slipped 0.56 per cent or 418.12 factors to 74,892.94, whereas the 50-scrip Nifty50 index was down 0.65 per cent or 147.9 at 22,648. In the meantime, broader markets additionally traded within the crimson with a reduce of over 1 per cent.
Dr. V Ok Vijayakumar, Chief Funding Strategist, Geojit Monetary Companies stated, “The market is dealing with headwinds from relentless FII promoting and international uncertainties regarding Trump tariffs. The sharp surge in Chinese language shares is one other near-term headwind. The ‘Promote India, Purchase China’ commerce might proceed for a while since Chinese language shares proceed to be engaging. The sharp spike in CBOE VIX signifies that volatility will proceed for a while.
The constructive consider our market is that the valuations of largecaps have turned honest and in sure segments like financials engaging, giving alternatives for long-term traders to purchase. Despite the fact that the broader market valuations proceed to be excessive, there are alternatives in choose shares on this section, added Vijaykumar.
From the Nifty50 pack, prime gainers in early commerce embody shares like Dr. Reddy’s Laboratories, Cipla, Tata Shopper Merchandise, Solar Pharma and Maruti Suzuki, whereas prime laggards had been HCL Applied sciences, Tech Mahindra, Shriram Finance, Bharat Electronics and TCS.
Sectoral strikes
Sectorally, all of the gauges barring the Nifty Pharma traded within the crimson, with the IT basket down probably the most – by round 2 per cent, adopted by Realty, Financial institution and Monetary Companies. The drag within the IT pack got here at the same time as Hong Kong-based international brokerage CLSA reiterated its optimistic stance on Indian IT citing a number of constructive indicators for the area going into FY26 .
Technicals
Anand James, Chief Market Strategist, Geojit Monetary Companies stated, “Whereas there was no dramatic collapse final week, 4 consecutive days of decline did achieve pushing Nifty to the bottom level for the reason that ongoing downtrend started on twenty seventh September. We’re set to see 22580-22300 now. Reversal possibilities relaxation on the power to keep away from downsides past these aims, or an outright swing again above 22790. We might nonetheless search for a break above 22950 as a affirmation of energy.”
Asian markets
Most Asian shares monitoring steep losses on Wall Avenue traded amid lingering considerations over a slower development in addition to US President Donald Trump’s continued commerce tariff measures. The important thing MSCI Asia ex Japan index traded with a reduce of 0.3 per cent.
The tech-driven rally in Hong Kong shares additionally stopped forward of the important thing earnings from NVIDIA Company later in the course of the week.
