Stock market: Srikanth Chauhan, Equity Research Head of Kotak Securities The global market and equity markets in India in the last week on February 7, the US President’s tariff announcements digests. Apart from this, the impact of the union budget was also seen on the market. Most indexes closing with a slight lead this week. If we look at the sectoral indexes, we got to see a mixed trend. After the union budget, the BSE FMCG index declined amid profits. BSE Capital Goods and BSE Realty Index also closed in red mark. Macro figures on sectoral index and the results of the third quarter of FY 2025 were seen.
The results of the third quarter of FY 2025 have been roughly in line with our expectations. As expected, the RBI has cut the repo rate by 25 per cent and now its focus has focused on removing growth concerns. Also, it is expected to reach 4 per cent of inflation level in the next few months.
Srikanth chauhan He further said that the US President’s trade policies and uncertainty on counter -tariffs, a relatively more aggressive attitude of the Fed and the continuous selling from FIIs will be seen presenting some challenges for factor global and domestic equity markets.
Nagraj Shetty, Senior Technical Research Analyst of HDFC Securities Says that the overall trend of the Nifty is of weakness with high volatility. The market is now near the support level of 23500-23400. Any boom coming from this support can again lead the Nifty to the level of 23800 in the near period. However, the breakdown of this support may stop and there may be a sharp decline.
Market Next Week: A slight gain in broader index, these smallcap stocks up to 26%, how can the market move ahead
LKP Securities Senior Technical Analyst Metapors Day Says that the Nifty fluctuated after the RBI Governor’s announcement of monetary policy. However, despite this ups and down, the index did not go below 21 EMA on the daily time frame. Positive short term is a sign of trend. He further said that as long as the Nifty remains above 23,450, the trend is likely to be positive. Resistance is visible at 23,700 at the upper levels. Going above 23,700, the Nifty can see a boom to 24,050.
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