By theindianinvestor 
Wednesday, 12th Feb 2025
Time : 8:00 AM IST
insights ;
1. Yesterday, Nifty fell by 310 points and closed at 23,071 it was a bloodbath.
2. All sectors closed in red, with Midcap and Smallcap indices correcting nearly 3%.
3. The fall was due to fears over tariffs by U.S. President Donald Trump, which could affect Indian businesses.
4. Selling intensified in the afternoon around 1:00 PM, when Nifty suddenly dropped by 200 points.
5. Markets are now eyeing the outcome of the meeting between PM Modi and President Trump.
6. Yesterday, the Rupee gained 0.7% its highest single-day gain in nearly two years, due to active intervention by the RBI, closing at 86.83 against the U.S. dollar.
7. FIIs net sold over 4,000 crores, while DIIs net bought 4,000 crores in the cash market.
8. FIIs added shorts in index futures; their net shorts now stand at 86% vs. 85% earlier.
9. India VIX was up nearly 8% over the last two days.
10. U.S. markets closed mixed, with the Dow ending positive and Nasdaq ending negative.
11. Asian markets are trading mixed.
12. The dollar index fell below 108, while the U.S. 10-year bond yield is consolidating around 4.5%.
13. GIFT Nifty indicates a 60-point gap-up for our markets.
14. Nifty support is expected around 23,000, and resistance around 23,300. If markets break 23,000, then 22,800 could act as the next support.