Nifty IT remains at a crucial technical level, with a break below 35,400 likely to trigger sharp weakness in the sector, while holding above the level could lead to a meaningful recovery. Meanwhile, FII positioning in index futures has been largely bearish, driven more by the lack of a US–India trade deal than the Budget.
After a strong rally driven largely by a few AI-focused stocks, US equities are facing concerns around high valuations and narrow market leadership. Anand Rathi believes the long-term outlook for US markets remains positive, but broad-based gains may be limited in the medium term, prompting investors to moderate return expectations and look for better risk-reward opportunities globally.
The American financial system is structurally designed to accommodate, and often actively encourage, speculative behaviour. Indian markets, by contrast, are deliberately constructed to restrain it.
Nifty ended a volatile, event-driven week with gains, holding above key moving averages. The broader trend remains positive, but consolidation persists near resistance, suggesting selective, stock-specific strategies as momentum indicators stay neutral to mildly positive.
South Korean cryptocurrency exchange Bithumb mistakenly transferred over $40 billion worth of bitcoin to users during a promotional event. The exchange quickly blocked trading and withdrawals for affected users, recovering nearly all the misplaced funds. Bithumb apologized for the incident, which caused brief price volatility on its platform.
Indian equities witnessed strong momentum as the Sensex surged 3.54% over five sessions ending February 6. Amid the rally, 33 BSE 500 stocks gained consistently, with 13 delivering uninterrupted five-day advances. These stocks posted cumulative returns ranging from 10% to 21%, highlighting broad-based market strength.
In a surprising turn of events, Indian stock markets rebounded on Friday after starting the day in the red. Traders reacted to optimistic developments surrounding a US-India trade agreement, even as apprehensions loomed over the global tech industry. Both the Nifty and Sensex climbed slightly, though the IT sector faced downturns.
India’s IPO market gears up for a busy week as three issues worth Rs 3,871 crore open between February 9 and 16. Fractal Analytics and Aye Finance lead the mainboard segment, while Marushika Technology adds momentum on the SME platform.
Gold and silver saw their sharpest selloff in months as macro shocks, including a stronger US dollar, CME margin hikes and profit booking, triggered a technical correction. Experts say the fall reflects a healthy reset rather than weakening fundamentals, with long-term demand for bullion remaining intact.
NovaaOne Capital’s Sunil Sanghai explains why the government’s 4.3% fiscal deficit target reassures markets despite revenue constraints. In this ETMarkets Smart Talk, he highlights the importance of capex-led growth, fiscal discipline, and lesser-noticed structural reforms that could support long-term capital formation.
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