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Markets make significant recovery in late trade; continue to trade in red
Feb-14-2025

The Indian equity indices pared most of their losses made in early trade, but continues to trade lower with Nifty and Sensex trading lower by 0.46% and 0.18%. The market sentiment dampened after president Trump restated his stance on imposing reciprocal tariffs on trade partners, including India. The continued FIIs funds outflow, pulling out around Rs 19,077 crore from Indian equities so far this month further weighed down the investors’ sentiments. The broader markets showed some recovery after hitting day’s low in earlier trade, but continues to trade lower with midcap and small cap declining by 2.12% and 2.76% respectively. On Global front, Asian equity markets were trading mix as the US reciprocal tariffs may takes weeks to come into effect, raising possibilities of negotiation, while the European stock markets trading in red, after data showing Germany's wholesale prices increased for the second straight month in December.

The BSE Sensex is currently trading at 76,000.99, down by 137.98 points or 0.18% after trading in a range of 75439.64 and 76483.06. There were 8 stocks advancing against 22 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index down by 2.95%, while Small cap index was down by 3.64%.

The top losing sectoral indices on the BSE were Industrials down by 3.26%, Healthcare down by 2.95%, Power down by 2.92%, Utilities down by 2.88% and Capital Goods down by 2.86%.

There were no gainers on BSE sectoral index.

The top gainers on the Sensex were Nestle up by 1.00%, TCS up by 0.59%, ICICI Bank up by 0.40%, HCL Technologies up by 0.37% and ITC up by 0.29%. On the flip side, Adani Ports down by 4.86%, Sun Pharma Industries down by 2.38%, NTPC down by 2.35%, Ultratech Cement down by 2.31% and Indusind Bank down by 1.80% were the top losers.

Meanwhile, inflation based on wholesale price index (WPI) in India slowed down in the month of January to 2.31% as against 2.37% recorded in December 2024, aided with easing prices of food articles. The Component wise, primary articles index, having weight of 22.62%, decreased 2.01% to 189.9 (provisional) in January 2025 from 193.8 (provisional) for the month of December 2024, on account of decline in prices of food articles. However, the prices of crude petroleum & natural gas, non-food articles and minerals increased in January 2025 as compared to December 2024.

Fuel & Power index, having weight of 13.15%, increased by 0.47% to 150.6 (provisional) in January 2025 from 149.9 (provisional) for the month of December 2024, as prices of mineral oils and electricity increased in January 2025 as compared to December 2024. But, the price of coal has remained same as in the previous month.

Further, Manufactured Products constituting the major portion of the index with weight of 64.23%, increased by 0.14% to 143.2 (Provisional) in January 2025 from 143.0 (Provisional) for the month of December 2024. Meanwhile, for the month of November 2024, the final Wholesale Price Index and inflation rate for 'All Commodities' (Base: 2011-12=100) stood at 156.4 and 2.16% respectively.

The CNX Nifty is currently trading at 22,950.10, down by 105 points or 0.46% after trading in a range of 22774.85 and 23133.70. There were 11 stocks advancing against 39 stocks declining on the index.

The top gainers on Nifty were Britannia Industries up by 1.05%, Nestle up by 0.95%, TCS up by 0.60%, Hindalco up by 0.55% and HCL Technologies up by 0.43%. On the flip side, Adani Ports down by 4.89%, Bharat Electronics down by 4.49%, Adani Enterprises down by 4.38%, Trent down by 2.96% and ONGC down by 2.85% were the top losers.

Asian markets are trading mixed; Hang Seng advanced 805.96 points or 3.56% to 22,620.33, Jakarta Composite gained 27.67 points or 0.42% to 6,641.24, KOSPI increased 7.88 points or 0.3% to 2,591.05 and Shanghai Composite strengthened 14.24 points or 0.43% to 3,346.72, while Nikkei 225 slipped 312.04 points or 0.8% to 39,149.43, Taiwan Weighted lost 246.8 points or 1.07% to 23,152.61 and Straits Times fell 3.97 points or 0.1% to 3,878.61.

European markets were trading mostly in red; UK’s FTSE 100 decreased 28.68 points or 0.33% to 8,736.04 and Germany’s DAX lost 39.83 points or 0.18% to 22,572.19, while France’s CAC rose 16.5 points or 0.2% to 8,180.61.


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