INDIRA SECURITIES - DAILY RUNUP

25 Feb, 2025

Nifty 50

22,553.35, ?-242.55

"Bears continue performing”

Indian markets fell over 1% amid weak global sentiment, with Nifty breaching the 22,700–22,800 support zone. IT stocks like TCS, Wipro, and HCL Tech saw heavy selling, while mid-caps and small-caps declined 0.94% and 1.02%, respectively.

Sectoral Highlights:?Auto and FMCG were the only sectors to close in positive territory, while IT faced significant selling pressure, declining 2.71%. The Metal sector also weakened, slipping 2.17%.

Global Indices

Sectorial View

Factors Affecting Most

• Market Reaction: US markets remained weak as tech stocks dragged indices lower. Nasdaq fell 1.2%, S&P 500 lost 0.5%, while Dow Jones edged up 0.08%.
• Trade Tensions: Trump confirmed tariffs on Canada and Mexico will proceed, fueling trade war fears.

Market Barometer

Top Gainers

Top Losers

Daily Scoop

• PM Modi Inaugurates GIS-2025: Modi launched the Global Investors Summit 2025 in Madhya Pradesh, unveiling 18 industrial policies, while Adani Group committed ?1.10 lakh crore investment in the state.
• Rupee Update: The Indian rupee settled at 86.71 per dollar on Friday. Meanwhile, the dollar index fell 0.41% to 106.17 as US Composite PMI dropped to 50.4 in February, the lowest since September 2023, according to Bloomberg.

Stocks in News

• Dr. Agarwal: Commenced operations of a new branch in Vashi, Maharashtra, effective February 24, 2025.
• Marico: Launched Saffola Cuppa Oats, a new innovation in the category. It is available in leading retail stores and quick-commerce platforms, catering to modern consumers.?
• Bharat Forge: Partnered with AMD to develop high-performance servers using AMD EPYC? processors. Future plans include AI and HPC accelerators, strengthening India’s AI and cloud ecosystem while promoting local manufacturing.

Nuggets

• Recent Crash Carnage: 1,036 stocks have plunged over 50%, shaking the market!

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