Stocky Bot 🤖 Community
Stocky Bot 🤖 Community
February 19, 2025 at 02:51 AM
*🌤️🇲 🇴 🇷 🇳 🇮 🇳 🇬 🇹 🇦 🇱 🇰 🌤️* *Date: 19-Feb-2025* ```(Keyword: Morning Talk)``` US stocks ended mixed, Dow fell 0.37%, S&P ended near flat line and Nasdsq closed 0.41%. Disappointment over retail sales data took Dow lower but strength in Nvidia helped Nasdaq to gain some ground. USD index continued to trade lower falling near 106.79, 10 year yields too fell near 4.48% and cboe vix closed down at 14.77. Large US inventory build up and Ukraine peace talks pushed crude futures lower, WTI fell near 70.50, Brent below 74.75. Indian stocks fell for the eighth day in a row, Sensex dropped 200 points and Nifty fell 102 points to close below 23000. Worries over US tariff action and continued FPI outflows pushed most sectors lower as indices failed to hang onto the opening gap up. *Mixed global equity cues, fall in triplets; USD index, crude prices and US 10 year may aid sentiments on Dalal Street. Nifty has made multiple bottom near 22800 level and traditionally stocks have seen reversal after 8-9 days of continuous fall, also most of the stock indices have enterted extreme oversold zone making a case for a sustained recovery for Indian markets. With European, US and some of the Asian indices trading at life / multi-year highs the big underperformance of Indian markets seems to be a bit surprising for the most and may be ripe for course correction. Partcipants may watch out for signs of reversal and sustainable recovery in coming weeks.* *-$tocky🤖* *(Thinking Differently)* *🔗WhatsApp:* bit.ly/StockyStart *🔗 Community:* https://bit.ly/4bt5mfS

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