As of Wednesday, February 19, 2025, the Indian stock markets are poised for a flat to slightly positive opening, influenced by mixed global cues and domestic factors.
Pre-Open Indicators:
- GIFT Nifty Futures: Trading at 22,962.50 as of 8:16 AM IST, suggesting that the Nifty 50 will open near Tuesday’s closing level of 22,945.30. citeturn0news10
Technical Analysis:
- Nifty 50: Immediate support is at 22,800, with resistance around 23,000. citeturn0search4
- Bank Nifty: Support is identified at 48,279 and 48,588, with resistance at 49,587 and 49,896. citeturn0search9
Global Cues:
- Asian Markets: Exhibiting mixed performance following U.S. President Trump’s announcement of tariffs on auto, pharmaceutical, and semiconductor imports. citeturn0news10
- U.S. Markets: The S&P 500 reached a record closing high, indicating resilience despite global trade concerns. citeturn0news10
Domestic Factors:
- Foreign Portfolio Investors (FPIs): Have sold shares worth $12.3 billion so far in 2025, approaching the $16.5 billion sell-off seen in all of 2022. citeturn0news10
- Key Stocks to Watch:
- Tata Steel: Received approval for plans to install an electric arc furnace in Port Talbot.
- Bharti Airtel: Promoter Indian Continent Investment sold a 0.84% stake for ₹84.85 billion.
- Hexaware Technologies: Set to debut on the stock exchange, with expectations to list near its issue price of ₹708. citeturn0news10
Outlook:
The market is expected to remain range-bound, with the Nifty 50 likely trading between the support at 22,800 and resistance at 23,000. Investors should monitor global developments, especially related to trade policies, and domestic economic indicators to navigate the session effectively.