Markets expected to open cautiously after a sharp fall in previous session; Gift Nifty indicates a mild recovery
February 12, 2025: The Indian stock market is expected to open cautiously on Wednesday, following a sharp decline in the previous session, amid mixed global cues. The Sensex and Nifty 50 saw a sharp correction on Tuesday, driven by foreign capital outflows, weak corporate earnings, and concerns over economic growth.
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Key Overnight Market Developments:
1. Indian Market Performance on Tuesday
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- Sensex plunged 1,018.20 points (-1.32%) to 76,293.60
- Nifty 50 declined 309.80 points (-1.32%) to 23,071.80
- The decline was fueled by Trump’s import tariffs on steel and aluminum, as well as concerns over weak earnings
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2. Asian Markets Performance
- Japan’s Nikkei 225: +0.71%
- Topix: +0.22%
- South Korea’s Kospi: -0.21%
- Hong Kong’s Hang Seng: Positive opening expected
3. Gift Nifty Trends
- Gift Nifty was trading at 23,180, a premium of 27 points, suggesting a mildly positive start
4. Wall Street Performance
- Dow Jones: +0.28% (44,593.65)
- S&P 500: +0.03% (6,068.50)
- Nasdaq: -0.36% (19,643.86)
- Tesla stock fell 6.3%, while Coca-Cola rallied 4.7%
5. Jerome Powell’s Testimony on Interest Rates
- Fed Chair Jerome Powell indicated the US central bank is in no rush to adjust interest rates
- Warned that reducing policy restraint too fast could impact inflation control
6. MSCI Index Changes
- Hyundai Motor India Ltd. added to MSCI Global Standard Index, replacing Adani Green Energy
- 19 Indian small-cap stocks added, while an equal number were removed
7. US Treasury Yields & Dollar Trends
- US 10-year treasury yield rose by 4 basis points to 4.535%
- Dollar index dropped 0.41%, while the Yen weakened
8. Commodity Market Trends
- Crude Oil Prices:
- Brent crude: $76.70 (-0.39%)
- WTI crude: $73.01 (-0.42%)
- Gold Prices:
- Spot Gold: $2,895.23 per ounce (-0.1%)
- US Gold Futures: $2,923.40 (-0.3%)
With volatile global markets and economic concerns, investors should watch for key domestic trends before making trading decisions.
Tags:
Indian Stock Market, Sensex, Nifty 50, Gift Nifty, Jerome Powell, MSCI Index, Fed Interest Rates, Trump Tariffs, Wall Street, Crude Oil Prices, Gold Prices, Market Trends