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EQUITY
Post Session: Quick Review
Feb-17-2025

After witnessing selling pressure in initial trade, local equity benchmarks snapped eight-day losing streak on Monday amid reports that Trump’s tariff reciprocity on Indian exports is likely to be limited. Markets made a gap-down opening, but managed to come off from day’s low in noon deals, as investors took some supports with Institute of Chartered Accountants of India (ICAI) stating that the new Income Tax Bill will simplify the country's six-decade old tax structure as well as help boost growth of MSMEs.

Some of the important factors in today’s trade:

India, US trade agreement lifts business confidence: Sentiments were upbeats with Commerce and Industry Minister Piyush Goyal’s statement that the announcement to negotiate a bilateral trade agreement between India and the US has boosted business confidence in both countries, as it can help further strengthen economic ties by leveraging their competitive strengths.

India remains fastest-growing large economy: Traders took some support with Union Minister Ashwini Vaishnaw’s statement that the country remains the fastest-growing large economy while keeping inflation under control.

Foreign fund outflows intensify: Foreign Portfolio Investors (FPIs) offloaded equities worth Rs 4,294.69 crore on Friday. The total outflow by FPIs has reached Rs 99,299 crore -- near Rs 1 lakh crore -- in 2025 so far. 

Global front: Most of the European markets were trading in green, amid easing concerns over a global trade war after U.S. President Donald Trump decided to delay the implementation of new reciprocal tariff plans. Most of the Asian markets ended in green, following the mixed cues from Wall Street on Friday. Sentiments got boosted after Hang Seng is trading near its four-month high whetted by the optimism for China's tech sector after the emergence of a low-cost AI model. 

The BSE Sensex ended at 75996.86, up by 57.65 points or 0.08% after trading in a range of 75294.76 and 76041.96. There were 20 stocks advancing against 10 stocks declining on the index. (Provisional)

The broader indices ended mixed; the BSE Mid cap index was up by 0.51%, while Small cap index down by 0.56%. (Provisional)

The top gaining sectoral indices on the BSE were Healthcare up by 1.14%, Consumer Durables up by 0.90%, Energy up by 0.89%, Utilities up by 0.79% and Metal up by 0.76%, while Telecom down by 1.06%, TECK down by 1.02%, IT down by 0.68%, Industrials down by 0.62% and Capital Goods down by 0.50% were the top losing indices on BSE. (Provisional)

The top gainers on the Sensex were Bajaj Finserv up by 2.83%, Power Grid up by 2.33%, Indusind Bank up by 2.31%, Adani Ports and Special Economic Zone up by 1.83% and Ultratech Cement up by 1.81%. On the flip side, Mahindra & Mahindra down by 3.75%, Bharti Airtel down by 2.42%, TCS down by 0.75%, Infosys down by 0.74% and ICICI Bank down by 0.57% were the top losers. (Provisional)

Meanwhile, few days after the announcement of the Union Budget, Union Minister Jitendra Singh has hailed the Budget 2025-26 as a reflection of Prime Minister Narendra Modi’s forward-looking vision for India. He described it as a roadmap for a technologically advanced and self-reliant nation, underscoring its role in shaping the country’s future. 

Union Minister further commended the Budget’s groundbreaking initiatives, particularly its focus on technological innovation and energy independence. He highlighted the historic decision to allow private sector participation in the nuclear industry, calling it a game-changer for India’s energy sector. He noted that these measures would not only help achieve energy self-sufficiency but also propel India toward global leadership in advanced nuclear technology by 2047.

Besides, Singh emphasized the government’s commitment to establishing nuclear power as a cornerstone of India’s energy strategy. He said the introduction of the ‘Nuclear Energy Mission for Viksit Bharat’ outlines a comprehensive plan to enhance domestic nuclear capabilities, foster private sector participation, and deploy advanced nuclear technologies.

The CNX Nifty ended at 22959.50, up by 30.25 points or 0.13% after trading in a range of 22725.45 and 22974.20. There were 35 stocks advancing against 15 stocks declining on the index. (Provisional)

The top gainers on Nifty were Adani Enterprises up by 3.30%, Bajaj Finserv up by 2.91%, Indusind Bank up by 2.33%, Power Grid up by 2.27% and Shriram Finance up by 2.08%. On the flip side, Mahindra & Mahindra down by 3.76%, Bharti Airtel down by 2.42%, Wipro down by 0.89%, TCS down by 0.77% and Infosys down by 0.76% were the top losers. (Provisional)

European markets were trading higher; Germany’s DAX gained 190.23 points or 0.84% to 22,703.65, UK’s FTSE 100 increased 17.3 points or 0.2% to 8,749.76, and France’s CAC rose 8.17 points or 0.1% to 8,186.71.

Asian markets settled mostly higher on Monday as Japan’s better than expected economic growth figures bolstered expectations of interest-rate hikes from the Bank of Japan, while markets awaited a slew of central bank decisions from the region this week. Chinese shares rose after Goldman Sachs raised its target price, estimating that AI adoption could boost earnings growth and potentially bring in $200 billion of inflows. But caution remains among investors due to rising tensions between the US and the European Union over tariffs and the ongoing conflict in Ukraine.

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,355.83

9.11

0.27

Hang Seng

22,616.23

-4.10

-0.02

Jakarta Composite

6,830.88

192.42

2.82

KLSE Composite

1,582.76

-8.84

-0.56

Nikkei 225

39,174.25

24.82

0.06

Straits Times

3,904.85

27.35

0.70

KOSPI Composite

2,610.42

19.37

0.74

Taiwan Weighted

23,505.33

352.72

1.50
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