January 20th, 2025, to January 24th, 2025
Riddhi Siddhi Share Brokers Market Insights:
Key Highlights:
- Nifty Attracted Bears for the Third Straight Week
The Nifty 50 index closed at 23092 (-0.48%), and Sensex ended at 76190 (-0.56%).
Sentiments remained fragile amidst headwinds and pessimism dominating Dalal Street, with Foreign Institutional Investors (FIIs) selling Indian equities at a record pace. - FIIs Selling Pressure Haunts Dalal Street
- FIIs sold ₹69,080.20 crores in January 2025 alone.
- Total FII selling since September 27, 2024, has crossed ₹2.5 lakh crores.
- This financial year (FY25), FIIs have already net sold ₹3,25,000 crores.
Global Impact – Trump’s Tariff Plans Loom
U.S. President Donald Trump has threatened a 100% tariff on BRICS nations over de-dollarization efforts, adding to the global economic uncertainty.
Performance Recap: January 20th – January 24th, 2025
| Instrument | LTP | Weekly % Change |
|---|---|---|
| Nifty | 23092 | -0.48% |
| Sensex | 76190 | -0.56% |
| Bank Nifty | 48368 | -0.36% |
| Nifty Midcap | 14827 | -2.07% |
| India VIX | 16.75 | +6.33% |
Global Indices:
- Dow Jones: +2.37%
- Nasdaq: +2.09%
- Bovespa: +0.10%
Commodities:
- Crude Oil: $74.39 (-3.88%)
- Gold: $2775 (+2.79%)
- Silver: $30.64 (+1.15%)
- USD/INR: ₹86.14 (-0.52%)
Sector-Wise Performance (Weekly)
Bullish Sectors:
- Nifty IT: +3.55%
- Nifty FMCG: +0.48%
Bearish Sectors:
- Nifty Realty: -9.12%
- Nifty Energy: -4.10%
- Nifty Oil & Gas: -3.85%
- Nifty Auto Index: -2.72%
Stock-Specific News by Riddhi Siddhi Share Brokers
- Zomato (-13%): Reported a 57% YoY decline in net profit for Q3FY25 at ₹59 crores.
- Dixon Technologies (-9.5%): Despite strong results, profit booking amidst high valuations pulled the stock down.
- Hindustan Unilever: Range-bound post Q3 results.
- UltraTech Cement (+6.67%): Gained on recovering infrastructure demand despite a 17% drop in net profit.
- Kotak Mahindra Bank (+7.36%): Posted steady performance with a consolidated profit of ₹4701.02 crore.
Key Takeaways by Riddhi Siddhi Share Brokers
- Technicals Signal Weakness:
Nifty remains below its 200 DMA at 23,985. Support levels are seen at 23,000, with further downside towards 21,281. - Budget 2025 as a Beacon of Hope:
The Union Budget 2025, scheduled for February 1st, is anticipated to play a pivotal role in reviving investor confidence. - Global Catalysts to Watch:
- FOMC Policy Meeting: January 28-29, 2025.
- Delhi Assembly Elections: February 5, 2025, voting; results on February 8, 2025.
Top Weekly Gainers and Losers
Gainers:
- Wipro (+13.53%)
- Kotak Mahindra Bank (+7.26%)
- UltraTech Cement (+6.67%)
Losers:
- Trent (-11.68%)
- SBI Life (-6.50%)
- Tata Motors (-5.85%)
Final Thoughts by Riddhi Siddhi Share Brokers
Pessimism dominated the markets this week. However, the upcoming Union Budget 2025 offers a glimmer of hope. For more insights and personalized investment advice, connect with Riddhi Siddhi Share Brokers, your trusted partner in navigating Dalal Street’s complexities.
Disclaimer: Investments are subject to market risks. Consult your financial advisor before trading or investing.
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