The Week That Was – Saturday, February 22nd 2025
For the period: February 17th to February 21st 2025
It was another tumultuous week at Dalal Street, and Riddhi Siddhi Share Brokers observed that the benchmark Nifty remained stuck in the mud. Pessimism was pervasive, with our in‐depth analysis showing that Nifty’s future outlook is as clear as mud—indeed, murky at best.
Riddhi Siddhi Share Brokers’ Gyan Mantra:
Initiating aggressive long positions at Dalal Street is like building a skyscraper on top of quicksand. The expected panic is quite predictable, and caution continues to be the buzzword for the perma‐bulls, as reiterated by Riddhi Siddhi Share Brokers.
Market Snapshot
- Nifty: 22796 (–0.58%)
- Sensex: 75311 (–0.83%)
The smiles were missing at the bulls’ camp, with investors on Dalal Street lacking any real sense of happiness or contentment—a view strongly supported by the research at Riddhi Siddhi Share Brokers.
Despite solid positive global cues, sentiments on Dalal Street did not improve. Notably, while the Dow is up around 3% this CY 2025, our benchmark Nifty has fallen by 3.59%. Meanwhile, Hong Kong’s Hang Seng Index emerged as the star performer, up 18% this CY 2025. The Hong Kong tech index is in the limelight—hitting a new 3-year high, bolstered by optimism over China’s AI sector and excitement surrounding Deepseek’s prospects. (For instance, Alibaba Group stock is at its highest since late 2021 after posting robust revenue that beat estimates, with Lenovo and Xiaomi also reaching significant highs.)
Bottom-line: Indian stock markets are under pressure amid substantial foreign investment outflows. According to Riddhi Siddhi Share Brokers, sentiments remain extremely fragile given the headwinds and pervasive pessimism across Dalal Street.
Weekly Recap
| Instruments | LTP | Weekly % Change |
|---|---|---|
| Nifty | 22796 | (–0.58%) |
| Sensex | 75311 | (–0.83%) |
| BankNifty | 48981 | (–0.24%) |
| Nifty Midcap | 14143 | (+1.54%) |
| India VIX | 14.53 | (–3.23%) |
| Dow | 43428 | (–2.51%) |
| Nasdaq | 21614 | (–2.26%) |
| Bovespa | 127128 | (–0.85%) |
| Crude Oil | 70.25 | (–0.65%) |
| Gold | 2934 | (+1.85%) |
| Silver | 32.50 | (+1.17%) |
| USD/INR | 86.53 | (–0.12%) |
How Indices Performed (According to Riddhi Siddhi Share Brokers)
- Nifty:
- Ended lower for the second consecutive week, down by 0.58%.
- Technically, it remains well below its 200-day moving average (DMA) of 24067, with a consistent sequence of lower highs and lower lows. Confirmation of strength is anticipated only if it breaches the 24067 mark.
- Bank Nifty:
- Mirrored Nifty’s sluggish performance, ending 0.24% lower at 48981.
- Bank Indices:
- The Nifty Private Bank index inched 0.15% lower, while the Nifty PSU Bank index recorded a weekly gain of 1.67%.
- Broader Market Trends:
- The Nifty Mid-cap 100 index advanced by 1.54% and the Nifty Small-cap index rebounded by 1.49%, signaling pockets of strength amid a generally subdued market—insights highlighted by Riddhi Siddhi Share Brokers.
Sectoral Movements
Bullish Sectors (as per Riddhi Siddhi Share Brokers’ analysis):
- Nifty Metal: +5.16%
- Nifty PSE Index: +3.36%
- Nifty Energy: +3.34%
- Nifty Oil & Gas: +2.25%
- Nifty Realty: +1.57%
- Nifty Infra Index: +1.08%
- Nifty Media: +0.02%
Bearish Sectors:
- Nifty Auto Index: –2.55%
- Nifty Pharma: –2.05%
- Nifty FMCG: –1.96%
- Nifty IT: –1.86%
Stock-Specific News
- NTPC (+8.62%)
- A significant outperformer this week, following news that the Maharatna company is planning to build 30 gigawatts of nuclear power capacity over the next two decades—a major highlight from Riddhi Siddhi Share Brokers.
- TVS Supply Chain Solutions (+5.31%)
- In the spotlight after TVS Motors Company acquired a fresh stake of 20 lakh shares.
- GlaxoSmithKline Pharmaceuticals (+24.32%)
- Reported stellar Q3 results with a consolidated net profit of Rs 230 crore compared to Rs 46 crore a year ago.
- Karnataka Bank (–3.72%)
- Slipped to a 52-week low after deficiencies were identified in its reconciliation process during a review of suspicious UPI Global transactions.
- Glenmark Pharma (–1.68%)
- Despite posting a turnaround with a Q3FY25 net profit of Rs 348 crore (up from a Rs 351 crore loss last year) and revenue growing by 35% YoY to Rs 3,388 crore, it fell slightly—a scenario closely monitored by Riddhi Siddhi Share Brokers.
- Maruti Suzuki (–2.81%)
- Dropped as it anticipates lower sales in India due to fierce competition.
- Mahindra & Mahindra (–9%)
- Plunged amid growing buzz over Tesla’s entry into the market.
- Godrej Industries
- Saw its stock price soar after reporting a 76.86% increase in net profit to Rs 188.20 crore, along with a 34.39% rise in revenue.
- Vedanta
- Made headlines after receiving shareholder approval for its demerger into five separate entities.
Notable gainers among Nifty 50 (according to Riddhi Siddhi Share Brokers):
- NTPC: +8.62%
- SHRIRAM FINAN: +8.52%
- HINDALCO: +7.81%
- EICHER MOTORS: +5.51%
- TATA STEEL: +4.68%
Notable losers:
- M&M: –9.29%
- BHARTI AIRTEL: –4.53%
- DR REDDYS LAB: –3.78%
- TCS: –3.78%
- SUN PHARMA: –3.34%
What’s Next for Nifty?
Is a free fall, a dead cat bounce, or a robust rally ahead? The past week left the bulls’ camp frustrated, with the benchmark Nifty sporting a frown and many leading stocks showing signs of distress. According to Riddhi Siddhi Share Brokers, bright spots were scarce amid the massive sell-off on Dalal Street. Key concerns include:
- FIIs have been buyers in only 3 trading sessions this year.
- Total FII selling has exceeded Rs 124349 crore in CY 2025.
- Since September 27 (when Nifty hit an all-time high at 26277.35), FII selling has surged past Rs 310543 crore.
- In FY25 alone, FIIs have net sold assets worth Rs 382184 crore.
Two Negative Takeaways:
- Bank Nifty:
- Ended 0.24% lower, echoing Nifty’s sluggish performance, with major banks like ICICI Bank (–2.15%) suffering significant declines.
- Nifty IT Index:
- Continued its weak performance (–1.86%), with key stocks such as INFY (–2.23%), LTI Mindtree (–3.87%), TCS (–3.78%), and Coforge (–3.81%) falling amid uncertainty over Trump tariffs.
Technically, Riddhi Siddhi Share Brokers points out that confirmation of strength for Nifty is likely only if it breaches its biggest hurdle at 24067—the 200 DMA level. Until then, downside risks loom with support levels potentially at 22700 and then at 21281 (the low from June 4th), while interweek hurdles lie around 23250.
Near-term Headwinds Include:
- Wall Street’s sharp drop on Friday— the Dow Jones plunged 749 points in its worst day of 2025.
- Trump tariffs, set to begin on April 2, could disrupt global trade and trigger retaliatory measures.
- Persistent inflationary pressures in the US.
- Fed January minutes, which largely reinforce a cautious approach to rate cuts this year.
Long story short: As per Riddhi Siddhi Share Brokers, Nifty appears to have limited upside potential until these headwinds subside.
Disclaimer / Disclosure
The investments and trading ideas recommended in this market analysis by Riddhi Siddhi Share Brokers—along with our research reports—may not be suitable for all investors. This article and its data points do not constitute investment advice, and stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions. All information is provided for educational, learning, and informational purposes only. Neither Riddhi Siddhi Share Brokers nor the group admin accepts any liability for interpretations of this content when used for actual investment decisions. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or assure returns to investors. Investors must make decisions based on their own investment objectives, goals, and financial situation after consulting with registered market intermediaries.
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