By theindianinvestor 
Monday , 10th Feb 2025
Time : 8:00 AM IST
insights ;
1. On Friday, Nifty fell by 43 points and closed at 23,560.
2. As expected, RBI cut the repo rate by 25 bps, but the tone of the RBI MPC on further rate cuts was “neutral”.
3. Markets seemed to have expected some liquidity measures on Friday, which did not happen.
4. After the event, India VIX fell by 3.5% and is now trading below 14.
5. BJP secured a historic win in the Delhi elections.
6. Sentiments around Indian markets are slowly improving due to a good budget, the RBI rate cut, and BJP’s win in Delhi.
7. However, the medium to long-term trend in the market will depend on GDP growth and corporate earnings, which showed a slowdown in Q2 and Q3.
8. Strength in the dollar index and high US bond yields may trigger FIIs to sell.
9. On Friday, FIIs sold shares worth Rs 470 crores in the cash market.
10. The dollar index has again crossed the 108 level, now trading at 108.35.
11. Good news is that bond yields are cooling off from recent highs of nearly 4.7%, now trading at 4.49%.
12. On Friday, US markets ended in red Nasdaq was down by 1.3%, and the Dow was down by 1% due to weak jobs data.
13. Trump said he plans to announce reciprocal tariffs on multiple countries.
14. Amazon fell by 4% after disappointing earnings guidance, today this might affect our IT sector.
15. Asian markets are trading mixed.
16. GIFT Nifty indicates a flat to negative start for Indian markets.
17. Nifty may take support around 23,500 and face resistance at 23,800.
18. Markets have fallen below the 200-day moving average of 23,620. To show strength, Nifty needs to close above this level.