By theindianinvestor 
Wednesday, 19th Feb 2025
Time : 8:00 AM IST
insight;
1. Yesterday, Nifty closed almost flat at 22,945, down by 14 points from the previous close.
2. In the last few days, markets have been volatile intraday but flat on a close-to-close basis.
3. Yesterday, Nifty took support at 22,800 for the fourth time, showing markets are struggling for direction with volatile sessions.
4. Nifty Smallcap 100 fell by 1.6% yesterday, this shows the broader market weakness and is now down 22% from its all-time high.
5. FIIs net bought Rs 4,800 crores in the cash market, but this includes a $1 billion block deal in Bharti Airtel.
6. Excluding the block deal, FIIs net activity was negative by nearly Rs 4,000 crores.
7. US markets ended almost flat.
8. Asian markets are trading mixed.
9. GIFT Nifty indicates an almost flat start for Indian markets.
10. As long as the dollar strengthens and FIIs continue outflows, Indian markets may underperform global markets.
11. This trend is likely to continue until some clarity emerges.
12. Nifty’s expected range is between 22,700 and 23,000.