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MARKET COMMENTARY

( As on Feb-14-2025 08:40 )

Indian benchmark indices Sensex and Nifty 50 are likely to start in green on February 14, tracking cues from GIFT Nifty trading around 23,197, a short while ago this morning.

Investors will assess the impact of US President Donald Trump's plans to impose reciprocal tariffs on India and other trading partners that levy taxes on American exports. Prime Minister Narendra Modi is on an official visit to the US on an invitation extended by the US President.

Investors will continue to keep an eye on global market moves, continued selling by foreign institutional investors, the last few December quarter results from Indian firms, and macroeconomic data including wholesale inflation, export-import numbers, apart from passenger vehicle sales numbers, among other cues that are expected to drive markets.

On Thursday, the 30-share benchmark index ended at 76138.97 down by -32.11 points or by -0.04 % and then NSE Nifty was at 23031.4 down by -13.85 points or by -0.06 %. On the global front, Asian equities were trading lower in the early trade on Friday, ignoring Wall Street gains overnight as President Donald Trump signed a reciprocal tariffs plans, but did not enact the levies on them immediately.

The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.

The S&P 500 declined 0.27% to end the session at 6,051.97 points.

The Nasdaq gained 0.03% to 19,649.95 points, while the Dow Jones Industrial Average declined 0.50% to 44,368.56 points. Back home, Top traded Volumes on NSE Nifty – Tata Steel Ltd. 52036196.00, Bharat Electronics Ltd. 18016813.00, ITC Ltd. 12989029.00, Kotak Mahindra Bank Ltd. 12678373.00, State Bank of India 12370571.00,

On NSE, total number of shares traded was 308.09 Crore and total turnover stood at Rs. 84394.95 Crore. On NSE Future and Options, total number of contracts traded in index futures was 151984 with a total turnover of Rs. 24907.03 Crore. Along with this total number of contracts traded in stock futures were 1339270 with a total turnover of Rs. 80857.69 Crore. Total numbers of contracts for index options were 257316653 with a total turnover of Rs. 44473276.09 Crore. and total numbers of contracts for stock options were 6924901 with a total turnover of Rs. 445521.51 Crore.

The FIIs on 13/02/2025 stood as net buyer in equity and debt. Gross equity purchased stood at Rs. 13009.09 Crore and gross debt purchased stood at Rs. 902.28 Crore, while the gross equity sold stood at Rs. 17884.90 Crore and gross debt sold stood at Rs. 541.33 Crore. Therefore, the net investment of equity and debt reported were Rs. -4875.81 Crore and Rs. 360.95