Stock markets: The Indian market continued to decline in the fourth trading session and closed down with a slight decline on February 19 after a huge uproar. The Nifty managed to close above 22,900. Investors were cautious after US President Donald Trump announced a plan to impose 25 per cent tariff on auto, semiconductor and pharmaceutical imports. However, investors are keeping an eye on the minutes of the FOMC meeting to be released tonight. The Sensex fell 28.21 points or 0.04 percent to 75,939.18 and the Nifty fell 12.40 points or 0.05 percent to close at 22,932.90 when trading was closed.
Dr. Reddy’s Labs, TCS, HUL, Infosys, Adani Enterprises lived in the top losis of Nifty. While India Electronics, Hindalco, L&T, Axis Bank and Eicher Motors were your top gainers. Broad indexs performed better in the BSE midcap index with a gain of 1.3 percent and 2.4 percent in the Smallcap index. In sectoral index, the IT index declined by 1.3 percent and the pharma index by 0.7 percent. While media, energy, metal, PSU bank, realty and capital goods gained 1-2 percent.
Aditya Gaggar director of progressive shares It is said that the market today showed signs of recovery and traded within a limited range during the entire trading session. It was slow due to concerns of tariffs related to tariffs. However, the Nifty moved upwards before facing the registration around 23,050 levels. The market continued to swing between the speed and recession at the rest of the trading session. The Nifty finally closed at 22,932.90 with a slight decline of 12.40 points.
Realty and the media performed well, while IT fell by more than 1 per cent. After that the fall was the number of pharma. The special thing is that there was a strong recovery in the mid and smallcap segment. Nothing has changed in the Nifty as it remains within its fixed range of 22,800 to 23,100, indicating that the market is waiting for a breakout from top or below to fix its next direction. .
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LKP Securities Format Day Says that the Nifty remained within a realm. The fluctuations in this scope are also intact. The level of 22,800 will remain important support at the lower level. We do not expect any major decline in the market until the support of 22,800 is broken. A decisive decline below 22,800 may trigger a large correction. However, the market will remain in a limited range until this happens. Registration for 23,000/23,150 Nifty at the upper level can work. The brakeout above 23,150 can bring a new speed in the market.
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