On February 5, 2025, the Indian stock market experienced a mixed trading session:
Benchmark Indices:
Sensex closed at 78,271.28, down 312.53 points (-0.40%)
Nifty 50 settled at 23,696.30, falling 42.95 points (-0.18%)
Sector Performance:
Gainers: Nifty PS...
On February 5, 2025, the Indian stock market experienced a mixed trading session:
Benchmark Indices:
Sensex closed at 78,271.28, down 312.53 points (-0.40%)
Nifty 50 settled at 23,696.30, falling 42.95 points (-0.18%)
Sector Performance:
Gainers: Nifty PSU Bank, Metal, OMCs, and Media (each rising over 1%)
Losers: FMCG, Realty, Auto, and Consumer Durables (losses up to 1.85%)
Gains in energy stocks, particularly ONGC and oil marketing companies, helped offset losses in the consumer sector. ONGC's rise was attributed to an upgraded production outlook, leading Macquarie to upgrade its stock rating. Conversely, consumer stocks fell by 1%, with Asian Paints notably dropping 4% after missing profit expectations.
Top Performers:
Gainers: Hindalco, ITC Hotels, ONGC, Apollo Hospitals, BPCL
Losers: Asian Paints, Titan, Nestle India, Britannia Industries, Tata Consumer
FII and DII Trading Activity for February 5, 2025 in Cash market:
FIIs: Net sell of ₹1682.83 crore
DIIs: Net buy of ₹996.28 crore
In the international markets, Wall Street had a mixed session. The S&P 500 dipped by 0.1%, and the Nasdaq composite decreased by 0.5%, primarily due to Alphabet's shares falling 7.5% following concerns over slower growth in its cloud business and increased investment costs. Advanced Micro Devices also saw a decline of 10.1% despite surpassing profit expectations, as its revenue growth forecast did not meet analysts' anticipations. On the other hand, Mattel's shares rose by 13.5% after exceeding profit predictions.
Geopolitical tensions have heightened due to ongoing trade disputes between the U.S. and China. Negotiations between President Trump and China's President Xi were abruptly postponed, raising doubts about a potential deal to prevent a trade war. China has responded to U.S. tariffs with retaliatory measures, including tariffs on U.S. liquefied natural gas, coal, crude oil, and farm equipment, and has initiated an antitrust inquiry into Alphabet.
In the currency markets, Japan's yen surged following promising wage growth and an inflation-adjusted wage increase, suggesting a potential interest rate hike by the Bank of Japan. Chinese markets returned from the Lunar New Year holiday to face 10% U.S. tariff hikes and retaliatory plans from Beijing. Additionally, the U.S. Postal Service suspended parcels from China and Hong Kong due to changes in trade provisions.
Overall, the global economy remains in a delicate balance, influenced by central bank policies, inflation dynamics, and geopolitical developments. Markets are closely monitoring key economic data for signs of resilience or slowdown, while policymakers face the challenge of sustaining growth without reigniting inflationary pressures.
Source: Reuters, Moneycontrol, AngelOne, APNews, NSEINDIA