Market Summary | February 5, 2025
Indian equity markets ended lower on February 5, 2025, as selling pressure in FMCG, Consumer Durables, and Realty stocks weighed on sentiment. The BSE Sensex declined 312.53 points (0.40%) to close at 78,271.28, while the NSE Nifty slipped 42.95 points (0.18%) to settle at 23,696.30.
Broader markets, however, showed resilience, with midcap and smallcap indices outperforming the benchmarks.
Sectoral Performance
- Declining Sectors:
- FMCG, Consumer Durables, Realty, and Auto stocks led the market weakness.
- Top Nifty Losers:
- Asian Paints, Titan Company, Nestle India, Hindustan Unilever (HUL), and Britannia Industries recorded the most significant losses.
- Gaining Sectors:
- Oil & Gas, Metals, PSU Banks, and Energy sectors advanced, posting gains between 1% – 1.8%.
- Top Nifty Gainers:
- Apollo Hospitals, Hindalco, BPCL, ONGC, and Adani Ports were among the best-performing stocks of the session.
Broader Market Performance
- The Nifty Midcap index rose 0.7%, reflecting sustained investor interest in mid-sized companies.
- The Nifty Smallcap index gained nearly 2%, signaling continued momentum in smaller stocks.
Technical Outlook
- Resistance Levels: Nifty faces resistance at 23,800 – 24,000.
- Support Levels: A sustained drop below 23,500 could lead to further downside movement.
- Market Trend: Despite today’s correction, the broader market trend remains positive as long as Nifty holds above 23,500.
Market Outlook & Key Factors to Watch
- Global market trends and FII/DII activity will influence market direction.
- Upcoming economic data and Q4 corporate earnings could drive further volatility.
The Indian stock market faced a minor correction as profit booking in FMCG and Realty stocks pulled down key indices. However, strong buying in PSU Banks, Metals, and Oil & Gas stocks provided stability. The market trend remains positive, with key support at 23,500 on the Nifty. Investors should closely monitor global cues and upcoming domestic economic data for further trends.
