Indian Stock Market Analysis: February 10, 2025 – Sensex and Nifty Dip Amid Global Uncertainty

Introduction

Today, February 10, 2025, the Indian stock market witnessed a downturn, reflecting concerns over global economic factors and persistent selling pressure. Both the BSE Sensex and Nifty 50 closed in the red. Let’s dive into the details of today’s market performance, key influencing factors, and potential future outlook.

Market Performance Overview

The benchmark indices experienced a decline, signaling a cautious sentiment among investors:

• BSE Sensex: Closed at 77,311.80, a decrease of 548.39 points or 0.70%.
• Nifty 50: Closed at 23,381.60, down by 178.35 points or 0.76%.

Broader market indices also felt the pressure:

• Nifty Midcap and Smallcap: Each index experienced a significant drop of 2%.
• Sectoral Performance: All sectoral indices closed lower, with notable declines in metal, media, pharma, consumer durables, energy, and realty sectors, each falling by 2%.

Top Gainers and Losers

While the overall market sentiment was negative, some stocks managed to buck the trend:

• Top Gainers:
  • Kotak Bank: Increased by 1.74%, closing at ₹1962.85
  • Bharti Airtel: Gained 1.06%, ending at ₹1694.5
• Top Losers:
  • Trent: Experienced a significant decline of 4.48%, closing at ₹5210
  • PowerGrid: Dropped by 3.27%, ending at ₹269.05
  • Tata Steel: Lost 3.18%, closing at ₹133.91
  • ONGC: Experienced a 2.43% drop, closing at ₹242.85

Key Factors Influencing the Market

Several factors contributed to the market’s downward trajectory today:

• US Tariff Concerns: The reemergence of concerns surrounding potential US tariffs on steel and aluminum imports weighed on investor sentiment.
• Global Economic Uncertainties: Ongoing global economic uncertainties continue to create volatility in the market, making investors cautious.
• FII Selling Pressure: Persistent selling pressure from Foreign Institutional Investors (FII) in the banking sector added to the market’s woes.

Expert Stock Recommendations

Despite the market downturn, some analysts remain optimistic about specific stocks. Motilal Oswal Financial Services has highlighted Coromandel International and M&M Financial Services as their top stock picks for the week starting February 10, 2025.

Stocks Hitting Circuit Limits

Stocks such as Zinka Logistics Solutions and KPI Green Energy experienced significant price movements, hitting their respective circuit limits.

Nifty 50 Technical Analysis and Prediction

Technical analysis suggests that the Nifty 50 is currently consolidating in the 23500 to 23750 range. Key near-term support levels are identified at 23327 and 23183, while resistance levels are at 23793 and 23937.

Trading Levels for Select Stocks

Here are some key trading levels to watch for select stocks:

STOCK	Good Above	Weak Below
BHARTIARTL	1686	1668
EICHERMOT	5405	5350
TECHM	1701	1681
TORNTPHARM	3280	3248

Conclusion

The Indian stock market experienced a decline on February 10, 2025, driven by a combination of global uncertainties, tariff concerns, and FII selling pressure. While the overall sentiment was cautious, some stocks showed resilience. Investors should closely monitor market developments and consult with financial advisors before making any investment decisions.

Disclaimer:

The stock market analysis provided here is for informational purposes only and should not be considered as financial advice. Trading and investing in the stock market involve risk, including the potential loss of capital. Past performance is not indicative of future results. It is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions. The analyst/website/source is not responsible for any losses incurred as a result of using this information.