POST-MARKET SUMMARY 11th February 2025

On February 11, Indian markets closed lower, tracking global weakness as fresh tariff developments fuelled investor caution. Traders are closely watching Fed Chair Powell’s testimony and key US inflation data for further cues. Sectorally, realty fell over 3%, while media, auto, and pharma also saw notable declines.

NIFTY: The index opened flat at 23,383 and made a high of 23,390 before closing at 23,071. Nifty has formed a bearish candle on the daily chart. Its immediate resistance level is now placed at 23,150 while its immediate support is at 23,000.

BANK NIFTY: The index opened 169 points lower at 49,812 and closed at 49,403. Bank Nifty has formed a bearish candle on the daily chart. Its immediate resistance level is now placed around 49,600 while immediate support is around 49,180.

Stocks in Spotlight

▪  Tilaknagar Industries: Stock plunged almost 5% after the Bombay High Court dismissed a plea challenging other firms use of its trademarked brand names, 'Mansion House' and 'Savoy Club', on their products.

▪  Devyani International: Stock fell over 4% after the company posted a ₹49.2 lakh loss for the December quarter, reversing from a ₹9.6 crore profit a year ago.

▪  Juniper Hotels: Stock slipped 2% despite a strong Q3 earnings report, with net profit surging to ₹32.5 crore from ₹3.5 crore a year ago. The 7% revenue growth was offset by a decline in EBITDA and contracting margins.

Global News 

▪  European markets were trading flat on Tuesday morning, paring earlier gains as investors digested the latest raft of tariffs introduced by U.S. President Donald Trump.

▪  The 10-year US Treasury yield rose to 4.52%, a one-week high, as traders awaited Fed Chair Powell's testimony for policy insights. Last month, the Fed paused rate cuts, with Powell signalling no rush to ease rates amid inflation concerns.

▪  Gold shot to a record high and Asian stocks were subdued on Tuesday as investors braced for further shifts in U.S. trade policy and waited to hear from Federal Reserve Chair Jerome Powell on tariffs and inflation.

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