Nifty last close: 22553.35 (-1.06%)
Sensex and Nifty extended their losing streak to a fifth straight session,
Plunging to an eight-month low on February 24
Sensex was down 854 points or 1.1 percent at 74,456
Nifty was down 243 points or 1.1 percent at 22,552
Both indexes have now shed over 13 percent from their record highs in late September 2024
Since October 2024, India’s market cap has fallen by about $1 trillion, while China’s has risen by $2 trillion
The Nifty IT index emerged as the biggest laggard among the sectoral indices on the NSE on Monday, suffering a sharp decline of over 2%
Sectoral performance remained bleak, with 11 out of 13 major sectoral indices in the red. Nifty Auto and Nifty FMCG were the only gainers
The Nifty Metal index faced selling pressure, slipping over 2 percent after a strong five-session winning streak
Midcap index slipping 0.7 percent and the BSE Smallcap index declining 1.3 percent.
FIIs remained net sellers on fourth consecutive session on February 24 as they sold equities worth Rs 6,286 crore
DIIs remained net buyers on 14 straight session as they bought equities worth Rs 5,185 crore
The Nasdaq Composite fell more than 1% on Monday
Nasdaq lost 237.08 points, or 1.21%, to 19,286.93
Dow Jones Industrial Average rose 33.19 points, or 0.08%
S&P 500 lost 29.88 points, or 0.50%
The yield on 10-year Treasuries slid 57 basis points to 4.37%
Dollar index sustains around 106.70
President Donald Trump’s move to curb Chinese investments and proceed with tariffs on Canada and Mexico prompted investors to trim positions
Asian markets were set to lower opening for the index
Nikkei down 1% and Hangseng down 0.85%
GiftNifty indicates a flat opening for the index
Nifty is facing a intraday resistance 22590 and 22630
If stays above 22630 will try to move 22700
On other side, Nifty can be considered as supports as 22510 and 22460
Below 22460 finding a next support around 22400
Updated: 08.56am / 25th Feb 2025
