Weekly Update-14 February 2025

NIFTY50

The index closed the week with a sharp decline of 2.68%, settling at 22,929. The week started on a weak note, witnessing consistent selling pressure across broader markets, extending the previous week’s bearish sentiment. Every attempt at recovery was met with selling, keeping the index under pressure throughout the week. Midcap and small-cap stocks also saw heavy declines, adding to the negative sentiment. For the upcoming week, key resistance levels are around 23,200, while crucial support is seen near the 22,800 zone. A break below this support could lead to further downside, whereas any pullback toward resistance levels will be closely watched for sustainability.

BANKNIFTY

The index closed the week with a sharp decline of 2.11%, settling at 49,099. The week began on a weak note, with sustained selling pressure dominating the broader markets and extending the previous week’s bearish trend. Despite minor attempts at recovery, the selling momentum persisted, keeping the index under pressure throughout the week. Bank stocks, particularly private sector banks, witnessed notable weakness, contributing to the decline. For the upcoming week, key resistance is around the 50,000 mark, while crucial support is positioned near the 48,500 zone. A breakdown below this level could lead to further downside, whereas a rebound may provide short-term relief.

Worst Performing Sector of the week

The Nifty Realty was worst performing sector of this week

Major losers include:-

Oberoi Realty: down by 13.93%

Brigade: down by 11.33%

Dlf: down by 11.11%

Godrej Property: down by 10.41%

Important News:-

• After 17 years, BSNL has reported a profit, with its EBITDA doubling over the past four years. This turnaround is attributed to a 14-18% growth across mobility, FTTH, and leased line services, increasing its subscriber base to approximately 90 million as of December 2024.

• Ashok Leyland reported a 31.3% rise in standalone profit for the third quarter, reaching ₹7.63 billion, surpassing analyst expectations of ₹6.66 billion. This growth was primarily driven by a one-third increase in exports, offsetting a 2.2% decline in total sales due to sluggish domestic demand. Revenue from operations rose by 2.2% to ₹94.79 billion.

• The total market capitalization of BSE-listed companies decreased from ₹479 lakh crore on September 27, 2024, to ₹401 lakh crore by February 14, 2025, marking a loss of ₹45 lakh crore in 2025

• The brewer’s net profit fell by 54.9% year-on-year to ₹38.3 crore in Q3 FY25, down from ₹84.9 crore in the same quarter the previous year, impacted by an exceptional loss of ₹25.8 crore.

• Shares of Tata Motors declined over 40% from their peak, recently hitting a 52-week low in February. Analysts suggest that short-to-medium-term traders with a high-risk appetite might consider buying on dips, targeting ₹830 within the next 3-4 weeks.