BEL Gains on Defense Deal, M&M Rises on AI Tie-Up, VST Falls on GST Fears
Written by - Fisdom Research
Array
February 20, 2025
2 minutes
Array
Market Snapshot
The Indian markets ended lower for the third consecutive session on February 20, with the Nifty managing to close just above 22,900 despite significant intraday volatility.
Broad-based buying in auto, metal, oil & gas, media, power, realty, and PSU bank stocks, which gained 1-2%, helped offset some of the losses.
However, the banking sector was under pressure, with the bank index declining by 0.5%, dragging down the overall market sentiment.
IT and banking stocks were the only pockets of strength, as other sectors faced selling pressure. The broader indices showed resilience, contributing to a partial recovery from the day’s lows.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY METAL
2.0
NIFTY REALTY
1.1
NIFTY PSU BANK
1.7
NIFTY MEDIA
1.1
NIFTY OIL & GAS
1.4
NIFTY CONSUMER DURABLES
0.5
NIFTY AUTO
1.2
NIFTY HEALTHCARE INDEX
0.1
Top News
Defence stocks surged as investors eyed an FDI policy boost. Mazagon Dock jumped 11%, with gains in HAL, Cochin Shipyard, and Bharat Dynamics.
Swiggy shares gained 7% after CLSA named it a top long-term pick, citing growth in quick commerce and food delivery.
Pharma stocks tumbled, some by 10%, as Trump hinted at 25% tariffs on pharmaceutical imports, raising concerns over Indian drug exports.
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,800
23,150
Bank Nifty
48,500
50,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
SHRIRAMFIN
4.0
HDFCBANK
-2.4
NTPC
3.3
MARUTI
-2.1
M&M
2.7
TECHM
-1.7
Trade Ideas Update
Our trade ideas success rate has 61% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
