Defence Stocks Shine, Swiggy Jumps, Pharma Under Pressure
Written by - Fisdom Research
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February 19, 2025
2 minutes
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Market Snapshot
Indian markets fell for the fourth session, with Nifty holding above 22,900.
Sentiment remained cautious after US President Trump announced a 25% tariff on auto, semiconductor, and pharma imports. Investors await the FOMC minutes.
Broader indices outperformed as BSE Midcap rose 1.3% and Smallcap gained 2.4%. IT lost 1.3%, pharma dipped 0.7%, while media, energy, metal, PSU bank, realty, and capital goods gained 1-2%.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MIDSMALL FINANCIAL SERVICES
2.2
NIFTY METAL
1.3
NIFTY REALTY
1.7
NIFTY MIDSMALL IT & TELECOM
1.2
NIFTY MEDIA
1.4
NIFTY PRIVATE BANK
1.1
NIFTY PSU BANK
1.3
NIFTY FINANCIAL SERVICES EX-BANK
1.1
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.
Eight Firms Set to Raise Over Rs 7,800 Crore.
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
BEL
3.5
DRREDDY
-2.5
HINDALCO
2.7
TCS
-2.3
EICHERMOT
1.9
INFY
-2.2
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