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February 20, 2025 at 03:35 AM
*🌤️🇲 🇴 🇷 🇳 🇮 🇳 🇬 🇹 🇦 🇱 🇰 🌤️*
*Date: 20-Feb-2025*
```(Keyword: Morning Talk)```
US stocks closed marginally higher, S&P closed at fresh all time highs as investors digested latest tariff proposals and FED meet minutes. Dow gained 0 16%, S&P meanwhile gained 0.20% and Nasdaq closed just above the flat line.
USD index continued to trade higher near 107.20, 10 year remained flat near 4.53% and cboe vix closed at 15.27.
Crude futures extended gains for the third day in a row on short term supply worries. WTI crossed 72, Brent traded above 76.
Indian markets closed just below the flat line amidst continued volatility, Sensex closed 28 points lower and Nifty gave back 12 points as indices failed to capitalise opening gains. Banking stocks gained almost 1.00% offset by weakness in IT names that gaveup close to 1.50%, SMID names however saw a strong comeback with stocks gaining anywhere between 5 to 10% helping overall sentiments to improve.
*Indices sustaining near term support, possibility of further recovery in SMID names on bargain hunting, may keep stock bull's hopes alive on Dalal Street. Participants may continue to watch out for stock specific moves in the broader markets till crosscurrents on sectoral indices end and a synchronised move in large cap takes indices out of near term resistance zone.*
*-$tocky🤖*
*(Thinking Differently)*
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