The domestic stock market weakened on Thursday (20 February). The Sensex was 300 points below the Nifty’s weekly expiry. The Nifty was also 70 points below. Bank Nifty had a weakness of 150 points. With the beginning, big shares like ITC, Maruti, Airtel saw a decline on Nifty. The bank Nifty was under pressure due to weakness in HDFC Bank. Auto and FMCG indices saw the biggest decline. In the morning, the Gift Nifty fell nearly 50 points to trade around 22925. Dow futures declined by 30 points while Nikkei declined by 400 points. However, despite tariff terror in the US markets yesterday, S&P500 set a record height for the second consecutive day, Dow climbed 70 points with a 300 -point recovery to close at the highest level of the day. Nasdaq stood up 15 points, stronger for the fifth consecutive day.
Important triggers for the market today
S&P Life touched the height, Dow 71 points India has no discount in tariffs: Trump Fed fears that the tariff may increase inflation: Mines IREDA, Tata Tech also included gold above $ 2950, above $ 2950, Tata Tech from March series. Very low sales of FII in cash close to $ 76
On the other hand, the Fed Trump is concerned with increasing inflation due to the effect of tariff. Fed’s statement states that inflation and developments are now necessary to cut interest rates. Trump’s strict attitude towards India is visible. In an interview with Allen Musk, he said that India would not get any concession in tariffs. He also told Musk that it would be absolutely wrong to set up a Tesla factory in India.
Gold remained sluggish above $ 2950 in the commodity market while silver remained stable above $ 33. In the domestic market, gold fell by Rs 250 to below Rs 85,900 and silver slipped by Rs 500 to close by Rs 96,400. The price of crude oil was above $ 76 with a slight increase for the third consecutive day.
Apart from this, two big news of today are that Ireda and Tata Tech will also join F&O from March series. Now a total of 6 new shares will enter. CDSL and NSDL will jointly launch the Unified Investor App Jointly. Investors will be able to see margin status, open status and other information at the same place.
