📉 Nifty Sinks to 22,550 as Global Headwinds Drag Markets Lower 🌍💥

📰Daily Market Wrap-Up by Stock Whisperers-February 24

Author

thestock whisperers
February 24, 2025

24-February-2025

📈 Market Overview:

Summary of the Day's Market Performance

Market Overview

  1. Nifty 50 fell 1.06% to 22,553.35, dropping nearly 243 points.

  2. Sensex dropped 1.14% or 857 points, closing at 74,454.41.

  3. Midcap & Smallcap indices declined by 1% each.

  4. Sectoral Performance:

    • Auto, Pharma, FMCG were the only sectors in green.

    • IT, Metal, and Telecom stocks saw sharp declines of around 2%.

💸 Market Transactions:

  • Foreign Institutional Investors (FII): ₹-6,286.70 crore (Net Sellers)

  • Domestic Institutional Investors (DII): ₹5,185.65 crore (Net Buyers)

Foreign investors accelerated selling, leading to further weakness in Indian equities. However, DII buying cushioned the fall to some extent.

📊📑 Important Observations and Market Sentiments: Editor Special

  • Global uncertainty continues to weigh on Indian equities, with retail investors showing lower risk appetite.

  • IT stocks took a beating as fears of a US slowdown and potential stagflation resurfaced.

  • Export-oriented sectors like IT and metals remain under pressure due to tariff concerns.

  • Looking ahead, government spending, lower interest rates, and tax cuts may provide relief to FMCG, consumer discretionary, and banking stocks.

  • FIIs continue to pull money out of India, adding to market weakness.

❓ DO YOU KNOW?

Why Are IT Stocks Crashing?

  • The US economy faces stagflation fears – a mix of low growth and high inflation.

  • Weak consumer sentiment is hurting tech spending, leading to lower demand for IT services.

  • Higher-for-longer interest rates make growth stocks (like IT) less attractive to investors.

  • Tariff-related risks could also hit revenue for major IT exporters.

Will IT stocks recover soon, or is this just the beginning of a bigger downtrend?

📰Stock News:

Key Stock Movements and News

  • Top Gainers:

    • M&M, Eicher Motors, Dr. Reddy’s Labs, Hero MotoCorp, Kotak Mahindra Bank

  • Top Losers:

    • Wipro, HCL Technologies, Infosys, TCS, Tata Steel

  1. Glenmark Pharma Gains 3% on $7 Million Settlement

    • The company settled antitrust and consumer lawsuits but maintains it is not guilty.

  2. L&T Tech, Persistent Systems Drop 6% on US Slowdown Fears

    • Analysts fear stagflation in the US, which could hit global IT spending and investor sentiment.

  3. Manappuram Finance Rises 2% on Reports of Bain Capital Stake Sale

    • Bain Capital may acquire a controlling stake in the company, following the RBI lifting curbs on its subsidiary.

  4. M&M Gains as Jefferies Sees 50% Upside

    • Jefferies maintains a ‘buy’ rating, citing attractive valuations and strong earnings growth potential.

  5. NTPC Green Energy Drops 6% as Shareholder Lock-in Ends

    • Nearly 18.33 crore shares became eligible for trading, leading to profit booking.

  6. Havells Plans to Enter EV Charging Business in Six Months

    • Expanding into EV infrastructure, Havells aims to capitalize on India's growing EV market.

Your Weekly Stock Markets Rundown: 📉 Markets Stay Volatile as Global Uncertainties Weigh In

February 24–28, 2025

✅ Markets remained volatile, impacted by global trade tensions and weak Q3 earnings.
✅ DII buying and falling oil prices provided some cushion against FII selling.
✅ F&O expiry, India’s GDP data, and US economic updates will drive market movements next week.
✅ Short-term technical outlook: If Nifty crosses 23,100, a recovery rally may be on the cards.

👀Stocks to Focus:

  1. L&T Technology / Persistent Systems – IT sector under pressure due to US slowdown fears.

  2. Glenmark Pharma – Legal settlement brings relief, but sector outlook remains uncertain.

  3. M&M – A positive brokerage call and attractive valuation could support further upside.

  4. Manappuram Finance – Bain Capital’s stake deal could be a major trigger.

  5. Havells – EV charging expansion could open new growth avenues.

📝Summary:

Markets closed sharply lower, with IT stocks dragging the indices down. US economic concerns, weak consumer sentiment, and ongoing global volatility kept investors cautious. FIIs continued selling, while DIIs provided some support.

Going forward, the focus will be on India’s GDP data, global macro trends, and potential government policy measures to support economic growth. IT and export-focused sectors remain under pressure, while domestic demand-driven stocks may find support from policy tailwinds.

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Disclaimer: The Stock Whisperers is a media platform providing educational and informational content related to the stock market. We do not offer investment advice, stock recommendations, or tips. Readers should consult a SEBI-registered advisor before making any investment decisions.