By theindianinvestor 
Monday, 24th Feb 2025
Time : 8:00 AM IST
insight ;
- On Friday , Nifty was down by 117 points and closed at 22795.
- It was a broader market sell off , nifty small cap index fell by 0.7 % and midcap index fell by 1.3%
- Top losers on Friday were Auto stocks , the nifty auto index itself fell by 2.5%
- The fall was mainly due to concerns over US tariff and tesla entering the Indian market also dented the sentiment towards that sector
- There is a speculation that government is going to cut import duty on electric vehicles to 15% from 110%
- Nifty Pharma index fell by 1.9 % , because of Trump imposing 25 % tariff on the sector , US market accounts for over 30% of indian pharma exports
- Another concern is the nonstop selling by FIIs, on Friday, they have sold more than Rs 3000 crore in cash market, As usual DIIs continue to support the market , they have bought for Rs 2880 crores.
- FIIs sold more than Rs 1 lk crore in just 2 months of 2025. As US continue to attract inflows .
- US markets have seen the worst day of 2025 on friday , dow fell by 700 points , nasdaq was down by 2.2% , as inflation remains a key concern and economic growth is stagnant.
- If this is the case , if Indian companies do well in FY 2025 Q1 we can see FIIs inflows into our markets again in Q2
- Asian markets are trading lower today morning except Chinese markets, Japanese markets are closed today.
- GIFT Nifty indicating a lower opening of more than 100 points for our markets.
- Remember nifty took 5 times support around 22700-22800 level , so if markets try to break and close below this level, we can expect a further decline towards 22200.
- So sustaining above that level is crucial.
- RBI announced on friday to infuse liquidity of $10 bn on 28th Feb , via dollar – rupee buy/ sell auction to address the liquidity deficit , which is positive for banks.
- So today’s closing would be interesting to watch