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Key indices extend losing run to 8th straight day
Feb-14-2025

Indian equity benchmarks ended lower for the eighth consecutive session on Friday as investors' sentiments were plagued due to persistent foreign fund outflows. Markets began the trade on an optimistic note but soon gave up initial gains and fell in the negative territory. Muted earnings trend, higher crude oil prices along with external factors like tariffs kept the sentiments weak.  

Some of the important factors in today’s trade:

Persistent outflows by FIIs: Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,789.91 crore on Thursday, according to exchange data.  

Wholesale price inflation eased in January: Wholesale price inflation (WPI) moderated to 2.31 per cent in January due to the decline in prices of food items especially vegetables. WPI based inflation was 2.37 per cent in December 2024. It was 0.33 per cent in January 2024. 

Govt will continue to take measures to check inflation: Finance Minister Nirmala Sitharaman has said the government will continue to take measures to check inflation and ensure that citizens are not burdened.

India, US aim for $500 billion trade by 2030: In an ambitious move, India and the US agreed to conclude the first phase of a mutually beneficial ambitious trade pact by this year and set a target of $500 billion in annual bilateral trade by 2030 even as President Donald Trump asserted that Washington will not spare New Delhi from reciprocal tariffs.

Global front: European markets were trading mostly in green on growing optimism about a Russia-Ukraine peace deal and a delay in possible reciprocal U.S. tariffs. Asian markets ended mixed on Friday amid raising fears of a brewing global trade war and its impact on inflation, despite U.S. President Donald Trump deciding to delay a new reciprocal tariff plan, aiming to match levies imposed by other nations. 

Finally, the BSE Sensex fell 199.76 points or 0.26% to 75,939.21, and the CNX Nifty was down by 102.15 points or 0.44% to 22,929.25.       

The BSE Sensex touched high and low of 76,483.06 and 75,439.64 respectively. There were 9 stocks advancing against 21 stocks declining on the index.

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

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 were no gaining sectoral indices on the BSE.

The top gainers on the Sensex were Nestle up by 0.90%, ICICI Bank up by 0.80%, Infosys up by 0.71%, TCS up by 0.60% and HCL Technologies up by 0.49%. On the flip side, Adani Ports &SEZ down by 4.20%, Ultratech Cement down by 2.47%, Sun Pharma down by 2.40%, Indusind Bank down by 2.21% and NTPC down by 2.18% were the top losers.

Meanwhile, Finance Minister Nirmala Sitharaman has said the government will continue to take measures to check inflation and ensure that citizens are not burdened. The minister said the retail inflation based on Consumer Price Index (CPI) reduced to 4.31 per cent in January from 5.22 per cent in December and is moving towards the 4 per cent target given to the Reserve Bank of India.

She said data showed steep correction in prices of tomato, onion and potato prices, and even pulses. He stated ‘So food inflation, which gets triggered when you have an adverse weather condition, and supply chain disruptions are being managed by a group of ministers who are ensuring that timely import happens if there is a shortfall in supply.’ 

Besides, she listed out the steps proposed in the Budget to boost agricultural production in the country. She said ‘So it is clear that government's attempt to remove the stress of price rise is actually being received in the ground. The efforts will continue. We shall make sure that price should not be a burden on the ordinary citizens.’

The CNX Nifty traded in a range of 23,133.70 and 22,774.85. There were 9 stocks advancing against 41 stocks declining on the index.  

The top gainers on Nifty were Britannia Industries up by 0.95%, ICICI Bank up by 0.81%, Nestle up by 0.76%, Infosys up by 0.53% and HCL Technologies up by 0.50%. On the flip side, Adani Ports & SEZ down by 4.63%, Bharat Electronics down by 4.42%, Adani Enterprises down by 4.26%, Trent down by 2.89% and Grasim Industries down by 2.69% were the top losers.

European markets were trading mostly in green; France’s CAC rose 87.85 points or 1.09% to 8,130.04 and Germany’s DAX gained 277.28 points or 1.25% to 22,425.31, while UK’s FTSE 100 decreased 75.98 points or 0.86% to 8,731.46.

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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