Riddhi Siddhi Share Brokers News Channel
Riddhi Siddhi Share Brokers News Channel
February 24, 2025 at 10:54 AM
*Riddhi Siddhi Share Brokers Latest after the Bell @ 4.00 PM -- Monday, February 24th 2025* NIFTY (-243, 22553) Sensex (-857, 74454) Bank Nifty (-329, 48652) *Nifty stays on the back foot for fifth-straight day amidst five- negative catalysts:* 1) Wall Street plunged in Friday’s trade where the Dow Jones Industrial Average posted its worst day of 2025. 2) The street fears ‘stagflation’ is returning in the US. 3) Trump tariffs set to begin April 2, could disrupt global trade and trigger retaliatory tariffs. 4) Fed’s January minutes were mostly seen reinforcing cautious approach to rate cuts this year. 5) Relentless FIIs selling: FIIs net sellers in this CY 2025 to the tune of Rs. 124349 crores. # Long story short: Nifty’s underperformance shall continue until FIIs return to their buying desk. Meanwhile, in today’s trade, all sectoral indices ended in red except Nifty FMCG (+0.38%) and Nifty Auto (+0.24%). Nifty IT index (-2.83%) was the biggest underperformer of the day, as INFY (-2.87%), TCS (-3.04%), and HCL TECH (-3.38%) were the biggest laggards. Please note, Nifty IT index is down 9% this CY 2025. Nifty Metal index also received drubbing, down 2.27% and most importantly, snapped its 5-day winning streak. The broader stock markets also scumbled to profit booking: Nifty Mid-cap (-0.94%) and Nifty Small Cap (-1.14%) indices inched lower and ended on a negative note. # *BUZZING STOCKS FOR THE DAY:* *Top Index Gainers:* M&M (+1.54%) DRREDDY (+1.14%) EICHERMOT (+1.09%) HEROMOTOCORP (+0.82%) NESTLEIND (+0.45%) *Top Index Losers:* WIPRO (-3.70%) HCLTECH (-3.41%) TCS (-3.04%) INFY (-2.87%) BHARTIARTL (-2.39%) # Adv-Dec 12—38 # INDIA VIX 14.44 (-0.62%) # NIFTY PCR (27th FEB) 0.62 # Nifty MidCap 50 (-0.85%, 14022) # NiftySmallCap (-1.02%, 15477) # BANK Nifty (-0.67%, 48652) # Nifty IT (-2.71%, 39447) # USD/INR Futures (+0.05%, 86.72) *Riddhi Siddhi Share Brokers OUR VIEW FOR TUESDAY’S TRADE* Technically, Nifty is at its lowest level since its downtrend began on September 27 at 26277.35 levels. Nifty is also way below its 200-DMA at 24070 mark. But before that, psychological 23000 mark is a crucial hurdle to cross for bulls to regain some hope. All eyes on Friday's GDP estimates as well which will determine RBI's stance for rate cuts in future. Bottom-line: Volatility and choppiness continue to be the new normal at Dalal Street. *ALL ABOUT NIFTY:* Nifty (CMP: 22553) Support: 22320/22170 Resistance: 22722/23001 Range: 22430-22680 21 DMA: 23185 50 DMA: 23397 200 DMA: 24070 Trend: Negative *BULLISH LOOKING STOCKS:* # VOLTAS # ITC # FEDERALBNK *BULLISH LOOKING STOCKS (LONG TERM):* # NMDC # NATIONALUM # HINDALCO *BEARISH LOOKING STOCKS:* # INFY # DLF # IEX *STOCKS TO AVOID:* # YESBANK # CONCOR # IGL *Disclaimer*: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

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