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February 28, 2025 at 12:17 PM
*Review & Preview -- Friday, February 28th 2025*
NIFTY (-420, 22125)
Sensex (-1414, 73198)
Bank Nifty (-399, 48345)
# Dalal Street witnessed a dismal Friday’s trading session as it had nothing to offer but blood, toil, tears and sweat.
# The negative takeaway was that it was sea of red amongst sectoral indices as Dalal Street with Nifty IT index leading the fall, tumbling 4.2% followed by Nifty Auto (-3.71%) and Nifty Media (-3.74%)
# Technically speaking, now below psychological Nifty 22000, the next inter-month supports are placed at 21281 mark (June 4th Election day low).
# Blame the pessimism on President Trump’s nasty script which ideally leaves investors to worry a lot with the street fearing the ongoing brutal sell-off on Dalal Street is likely to get worse.
Please note:
1) Nifty received drubbing for the 8th day in a row.
2) Nifty ends 5.88% lower this February.
3) February marks Nifty's fifth straight monthly fall, an occurrence which was last seen in 1996.
4) From its all-time highs, th