US President Donald Trump and Indian Prime Minister Narendra Modi announced a series of initiatives aimed at deepening the bilateral relationship between the two countries. With economic collaborations taking the centre stage, both the leaders have decided to double the bilateral trade to $500 billion by 2030, with a focus on energy, defence, and technology cooperation.
India and US set $500 Billion trade target by 2030- Daily Market Update 14th Feb 2025
Overview and Outlook
Global Stock Market Today
- US equity markets settled higher in range 0.75% to 1.50%
- European equity markets, barring FTSE, ended higher in range 1.5% to 2%.
- Majority of Asian equity markets are trading in green.
- GIFT Nifty is up by 100 points, Nifty futures likely to open around 23200 levels.
Nifty Overview & Outlook
Benchmark Nifty index settled on a flat note at 23031 levels after a cut of just 14 points from its previous closing values.
Performance on the broader front was mix as Mid cap index ended on a slightly positive note whereas Small cap index lost around 0.37%.
Performance on the sectoral front was no different. Healthcare and Pharma index were the top gainers, gained over 1% each. On the other hand, IT, PSU Bank and FMCG index were the top laggards, fell near around 1% each.
Technically, Nifty index is trading in lower lows lower highs formation around its price supports of 22800-22750 spot levels. Going ahead, it is likely to trade sideways in range 22750-23450 spot levels. Either side break from this range will open the doors for next directional move in that direction.
Derivatives Overview & Outlook
Yesterday, all major index futures remained almost unchanged on price as well as on open interest front barring Finnifty futures which added around 5.6% of open interest as long buildup.
Performance on the sectoral front was mix. Amongst them, long buildup was seen among Finance and Realty stocks. Whereas some short buildup was seen among Infrastructure, Oil & Gas, Power and Technology stocks.
On option front, Nifty will start the new weekly contract of February series with a maximum position at 24000 CE and 22000 PE.
Institutional Trading Activity
Yesterday, FIIs sold stocks worth Rs 2790 Cr in the cash segment, bought stocks futures worth Rs 1161 Cr also bought index futures worth Rs 512 Cr. DIIs were net buyers in the cash segment to the tune of Rs 2935 Cr.
Nifty Futures, Banknifty Futures and Finnifty Key Levels
Nifty – Resistances 23200-23300; Supports 23050-22920
Banknifty – Resistances 49600-49800; Supports 49200-49020
Finnifty – Resistances 23420- 23500; Supports 23200-23120
F&O Security in Ban Today: MANAPPURAM
Important Results Today : ABFRL, BAJAJCON, BORORENEW, DBL, GNFC, MOTHERSON, NH.
Disclosure
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