Sensex Nifty Stock Market: The Indian stock market is expected to be active today, influenced by world events, concerns about tariffs imposed by former U.S. President Donald Trump, and important company results. Let’s look at the main points affecting the markets.
Morning Update: GIFT Nifty
At 6:33 AM, GIFT Nifty futures were trading 113 points higher at 23,556. This suggests a strong start for Sensex and Nifty today.
Market Performance (Previous Session)
In the last session, the markets were weak:
- Sensex fell by 319.22 points (0.41%) to close at 77,186.74.
- Nifty50 dropped 121.10 points (0.52%) to 23,361.05.
Investors have now shifted their focus to company earnings after the Budget 2025 announcements.
Key Factors Influencing the Market Today
1. Company Results (Earnings)
Big companies like Titan, Tata Power, Torrent Power, and Thermax will release their results today. Investors are also keeping an eye on recent results from Power Grid, HFCL, Tata Chemicals, and Garden Reach Shipbuilders.
2. Foreign and Domestic Investors
- Foreign Institutional Investors (FIIs) sold shares worth ₹3,958.37 crore on February 3.
- Domestic Institutional Investors (DIIs) bought shares worth ₹2,708.23 crore.
Heavy selling by FIIs shows caution, while DII buying provides market support.
3. IPO Updates
- Dr. Agarwal’s Healthcare IPO and Malpani Pipes IPO will list on the stock exchange today.
- Chamunda Electricals IPO opens for subscription.
- Logistics company Shiprocket is preparing for its stock market listing and pursuing acquisitions.
4. Stock Market Turnover
Despite higher market activity in January, turnover in the futures and options (F&O) segment rose by just 6.44%, reaching ₹298 trillion.
5. Insurance Sector News
The government proposal to allow 100% foreign investment in the insurance sector may attract international companies. However, experts believe they might face challenges in navigating India’s market without a local partner.
#Commodity Market Update
Gold Prices: Gold hit a record high, rising 0.8% to $2,818.99 per ounce, due to concerns over tariffs and inflation.
- Oil Prices: Oil prices increased slightly:
- Brent Crude: $75.96 (+0.4%)
- WTI Crude: $73.16 (+0.9%)
World Market Updates
Asia-Pacific: Strong gains after Trump delayed tariffs on Mexico and Canada.
- Nikkei: +1.53%
- Kospi: +2.06%
- ASX200: +0.4%
US Markets: Mixed results after Trump’s tariff delay news:
- Dow Jones: -0.28%
- S&P 500: -0.76%
- Nasdaq: -1.2%
Important Market Levels
Support Levels:
- Nifty: 23,270, with further support at 23,220.
- Sensex: 77,000, with lower support at 76,800.
Resistance Levels
- Nifty: 23,500–23,550.
- Sensex: 77,500–77,800.
If Nifty falls below 23,220, it could test the 23,100 level.
Key Takeaways for Investors
– Stay updated on company results and IPO listings.
– FIIs are selling aggressively, while DIIs are providing some market stability.
– Breaking key support levels might cause further market weakness.
Stay connected for more updates throughout the day.