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EQUITY
Post Session: Quick Review
Feb-14-2025

Indian equity markets came off from day’s low, but ended in red on Friday, as Trump's reciprocal tariffs create uncertainties. After making a positive start, soon markets turned volatile amid disappointing Q3 earnings and foreign fund outflows. Markets traded below their neutral line in noon deals, as traders overlooked report that Finance Minister Nirmala Sitharaman’s statement the government will continue to take measures to check inflation and ensure that citizens are not burdened. 

Some of the important factors in today’s trade:

FIIs maintain selling approach: Foreign institutional investors (FIIs) extended their selling on seventh day as they sold equities worth Rs 2,789.91 crore on February 13.

Trump unveils reciprocal tariffs plan: Traders were cautious after US President Donald Trump unveiled a roadmap for charging reciprocal tariffs on every country that charges duties on US imports.  

WPI Inflation eases to 2.31% in January: An easing wholesale price index (WPI) inflation failed to uplift sentiments in the markets. Inflation based on WPI in India slowed down in the month of January 2025 to 2.31% as against 2.37% recorded in December 2024, aided with easing prices of food articles. 

India, US aim for bilateral trade of $500 billion by 2030: Trades took note of Prime Minster Narendra Modi’s statement that the United States and India have set a target of doubling their bilateral trade to $500 billion by 2030 and will work on concluding a mutually beneficial trade agreement very soon.

Global front: Most of the European markets were trading in red, amid concerns about potential reciprocal tariffs by the United States. U.S. President Donald Trump has announced plans to impose reciprocal tariffs on the nation's trading partners around the world, effective April 2025. Asian markets ended mixed, amid raising fears of a brewing global trade war and its impact on inflation. Moreover, bets that Federal Reserve will keep the interest rate unchanged for prolonged period got intensified after stronger than expected US PPI and CPI data.

The BSE Sensex ended at 75939.21, down by 199.76 points or 0.26% after trading in a range of 75439.64 and 76483.06. There were 5 stocks advancing against 25 stocks declining on the index. (Provisional)

The broader indices ended in red; the BSE Mid cap index was down by 2.59%, while Small cap index down by 3.24%. (Provisional)

The top losing sectoral indices on the BSE were Industrials down by 3.03%, Healthcare down by 2.77%, Capital Goods down by 2.76%, Power down by 2.65% and Utilities down by 2.52%, while there was no gaining index on the BSE. (Provisional)

The top gainers on the Sensex were ICICI Bank up by 0.90%, Nestle up by 0.90%, Infosys up by 0.52%, HCL Technologies up by 0.46% and TCS up by 0.43%. On the flip side, Adani Ports and Special Economic Zone down by 4.52%, Ultratech Cement down by 2.57%, Sun Pharma down by 2.49%, NTPC down by 2.28% and Indusind Bank down by 2.21% were the top losers. (Provisional)

Meanwhile, the Coal and Mines Minister G Kishan Reddy has said with the rapidly growing energy demand of India, the government is working on increasing the coal production to achieve the vision of 'Viksit Bharat'. In an attempt to ensure that people do not have to face power shortage, especially in the summer season, the government has set the target of producing one billion tonnes of coal this year. He said, ‘Energy demand is increasing rapidly in India and coal is an important pillar of our energy security. Coal production is very important for the next 50 years to achieve the aim of Viksit Bharat.’ 

On the coal supply, he explained that India is the second largest consumer and producer of coal after China. The government is also taking steps to reduce coal import. He also said ‘More than 74 per cent of electricity generation in the country is coal-based. Our coal production has increased from last year and the government is working on increasing the coal production every year’. Further he emphasized the crucial role played by Coal India and all its subsidiaries in ensuring energy security. 

Considering a huge demand for critical minerals like lithium and copper, he said ‘The country is acquiring critical mineral blocks in Argentina’. Minister said Prime Minister Modi had directed him to prepare an action plan to meet the rising energy demand by ensuring proper coal storage, land for coal production, safety of coal mining workers and welfare of farmers. The government also eyes to increase mining activity to raise employment opportunities. He also promised to roll out various welfare programmes for coal mine workers.

The CNX Nifty ended at 22929.25, down by 102.15 points or 0.44% after trading in a range of 22774.85 and 23133.70. There were 11 stocks advancing against 39 stocks declining on the index. (Provisional)

The top gainers on Nifty were Britannia Industries up by 1.04%, ICICI Bank up by 0.90%, Nestle up by 0.84%, Infosys up by 0.71% and TCS up by 0.63%. On the flip side, Adani Ports and Special Economic Zone down by 4.39%, Bharat Electronics down by 4.28%, Adani Enterprises down by 4.10%, Trent down by 2.65% and Sun Pharma Industries down by 2.63% were the top losers. (Provisional)

European markets were trading mostly in red; UK’s FTSE 100 decreased 15.7 points or 0.18% to 8,749.02 and Germany’s DAX lost 19.13 points or 0.08% to 22,592.89, while France’s CAC rose 38.64 points or 0.47% to 8,202.75.

Asian markets ended mixed on Friday after US President Donald Trump announced a delay in implementing reciprocal tariffs until April and TikTok returned on the US app stores of Apple and Google. Japanese shares declined as the yen strengthened on BoJ interest rate hike bets. Hong Kong shares jumped, led by AI shares on easing US-China trade war fears. On the economic data front, Malaysia's economy expanded more than previously estimated in the fourth quarter on household spending and investment. Gross domestic product expanded 5.0 percent year-on-year in the fourth quarter. This was revised up from the prior estimate of 4.8 percent and follows 5.4 percent growth registered in the third quarter.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,346.72

14.24

0.43

Hang Seng

22,620.33

805.96

3.56

Jakarta Composite

6,638.46

24.89

0.37

KLSE Composite

1,591.60

-0.68

-0.04

Nikkei 225

39,149.43

-312.04

-0.80

Straits Times

3,877.50

-5.08

-0.13

KOSPI Composite

2,591.05

7.88

0.30

Taiwan Weighted

23,152.61

-246.80

-1.07
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