Friday, 21st Feb 2025
Time : 8:45 AM IST
insight :
1. Nifty fell by 19 points and closed at 22,913.
2. Nifty is underperforming compared to broader markets.
3. Midcap and Smallcap indices gained more than 1% each.
4. The US Fed signaled no rush to cut interest rates, indicating a possible delay.
5. India VIX fell nearly 5%, suggesting that market uncertainty around tariffs may ease or probably the expiry volatility has ease down.
6. Over the past few days, GIFT Nifty has indicated a lower opening, but markets have remained flat on a close-to-close basis, staying below 23,000 and above 22,900.
7. Only four trading days remain for the Nifty February series expiry, with markets likely to trade in the 22,700 – 23,050 range.
8. FIIs sold more than Rs 3,800 crores in the cash market, while DIIs continued to buy.
9. US markets closed lower after Walmart warned of slower sales.
10. Asian markets are trading lower due to Japan’s inflation reaching a two-year high.
11. Chinese markets are up as Alibaba’s Q3 results exceeded expectations.
12. GIFT Nifty indicates an 80-point gap-down opening.
13. Gold hit another all-time high, thus US 10-year bond yields falls below 4.5%.
14. The dollar index is trading below 107.
15. Markets may remain rangebound, but volatility is expected to continue.