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Indian Developments
The Indian domestic stock market ended on 7th February 2025 experienced a mixed reactions swinging between gains and losses. Indian benchmark indices after the announcement of RBI rate cut of 25 bps experienced a downward pressure alongside market participants monitoring corporate earnings and global cues.
While the Nifty 50 experienced considerable volatility throughout the week, it ended with a marginal increase of 0.22%. Nifty Midcap 150 was marginally lower by 0.16 % compared to the prior week. Market corrections, a volatile rupee, shaky oil prices, and global market uncertainty contributed to this decline. After a week of losses, the Nifty Small Cap index rebounded with gains of around 0.6%.
Sectoral Developments
The sectoral development reflected mixed performances. Nifty pharma , Nifty Auto ,Nifty Bank, Nifty Metals and Nifty Financial Services were the top performing sectors and recoded gains of 2.96%, 2.59%, 1.15%, 2.22% and 1.37% respectively. While Nifty Realty experienced a slight pullback of 0.40% after a strong run. Nifty FMCG saw the most significant declines of 2.78% due to neutral monetary policy stance, revenue disappointments, and inflationary pressures.
Global Developments
Global stock markets displayed a blend of gains and losses across different regions, The S&P 500 and Nasdaq 100 finished higher by 0.36% and 0.54% while the Dow declined by 0.28%. Heng Seng Index and Shanghai were the best performing markets and closed with the increase of 1.22% and 1.01% respectively. While Nikkei and Kospi Index declined by 0.72% and 0.58% respectively. FTSE closed marginally lower.
Other Markets:
Brent crude prices declined around $ 74.8 per barrel.
The rupee depreciated further to 87.4 levels against the US dollar.
The Gold spot price stood at ~Rs 84,712 per 10 grams.
The 10 Year Benchmark G-Sec yield closed at 6.69% this week.
Source: www.nseindices.com; google finance, MCX Gold Prices; www.rbi.org.in; Morningstar and tradingeconomics.com, ccilindia.com, Economic times
Data for week ended on February 7th , 2025
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