POST-MARKET SUMMARY 13th February 2025

On February 13, India's benchmark indices ended lower, slipping into negative territory, though selling pressure has gradually eased over the past two sessions. After a flat-to-positive start, markets gained momentum as investor sentiment improved, supported by cooling retail inflation at a five-month low and a decline in crude prices amid progress in resolving the Ukraine-Russia conflict. However, profit-booking in the second half led to a flat close.

Sectorally, Media, Metal, Pharma, and Realty gained 0.5-1%, while Auto, FMCG, IT, Consumer Durables, and PSU Banks declined 0.3-1%.

NIFTY:  The index opened flat at 23,055 and made a high of 23,235 before closing at 23,031. Nifty has formed a small-bodied bearish candlestick pattern on the daily chart. Its immediate resistance level is now placed at 23,100 while its immediate support is at 22,950.

BANK NIFTY: The index opened flat at 49,469 and closed at 49,359. Bank Nifty has formed a small bearish candlestick pattern with a long upper shadow on the daily chart. Its immediate resistance level is now placed around 49,700 while immediate support is around 49,000.

Stocks in Spotlight

▪  Godrej Industries Ltd: Stock surged nearly 10% intraday after the company reported strong December quarter results. Net profit soared 76.9% year-on-year to ₹188.2 crore, while revenue from operations rose 34.4% to ₹4,824.8 crore.

▪  Natco Pharma: Stock plummeted 20% after the company reported disappointing Q3 earnings. Net profit declined 38% year-on-year to ₹132.4 crore while revenue dropped over 37% to ₹474.8 crore.

▪  Balaji Amines: Stock fell 5% intraday after the company reported a sharp decline in operational performance for Q3. EBITDA margin contracted to 14.3% from 19.1% a year ago, affected by lower volumes and capital expenditure projects.

Global News

▪  European stock markets traded higher on Thursday, supported by strong earnings reports, economic data, and renewed optimism over a potential resolution to the Russia-Ukraine conflict. The British economy expanded by 0.9% in 2024, up from 0.4% in 2023, primarily driven by a 1.3% growth in the services sector, which had risen 0.4% the previous year.

▪  Meanwhile, China’s central bank announced plans to adjust its monetary policy at an opportune time to support the economy, as external headwinds continue to mount.

▪  WTI crude oil futures dropped 1% to $70.5 per barrel, nearing a seven-week low, as optimism around Russia-Ukraine peace talks—reinforced by President Trump—fueled expectations of easing sanctions on Russian oil exports.

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