Market Makers | Is one better off buying Zomato/Swiggy or D-Mart/V-Mart for a 3-5-year horizon?
Milind Karmarkar of Dalal & Broacha Portfolio Manager details the key trends of quick commerce and large grocery stores and the outlook for the stocks
Watch the full interview -… pic.twitter.com/o3TBesWAxg
— ET NOW (@ETNOWlive) February 24, 2025
The Indian stock market experienced significant turbulence on Monday as the Sensex and Nifty both took a nosedive amid growing concerns over US economic growth and reciprocal tariff threats from President Donald Trump. The Sensex declined by 856.66 points, or 1.14%, to settle at 74,454.41, while the NSE Nifty fell 243.40 points, or 1.07%, closing at 22,552.50. All 13 major sectoral indices ended the day in the red, with financial and IT stocks facing the most substantial losses, falling by 1.4% and 2.2%, respectively.
The Nifty Pharma index was the only gainer, inching up nearly 0.5%. Markets remain on edge over Trump’s threat to impose reciprocal tariffs on India and China.
Nifty 50 Crash: Index on verge of breaking 28-year-old record – Will Bulls roar to maul bears?https://t.co/ccLXlrcoQ7
— ET NOW (@ETNOWlive) February 24, 2025
President Trump stated at a recent event that his administration would soon impose reciprocal tariffs, which has investors concerned about the potential impact on international trade and Indian markets.
Foreign Institutional Investors (FIIs) offloaded equities worth approximately Rs 3,449.15 crore last Friday, continuing their selling streak. This month alone, foreign investors have withdrawn over Rs 23,710 crore from Indian markets.
indian markets react to Trump tariffs
After today, the S&P 500 is down an annualized 86.1% on Friday. Only 1937 was worse.
We've been talking a lot how weakness on Friday has been the play in 2025. News heavy markets = sell ahead of the weekend.
I'll take it as the good news, as it has to improve. Right? pic.twitter.com/rBy2QWPl4i
— Ryan Detrick, CMT (@RyanDetrick) February 21, 2025
“The market is facing headwinds from relentless FII selling and global uncertainties over Trump tariffs,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Analysts also cited a significant rise in Chinese stocks and rising long-term inflation expectations in the US as contributing to reduced likelihood of an interest rate cut by the Federal Reserve. US markets ended lower on Friday following economic data that signaled slowing business activity and weakening consumer sentiment.
Survey findings reflected business activity at a 17-month low and Walmart’s weaker-than-expected earnings guidance added to fears of slowing consumer demand. Anand James, Chief Market Strategist at Geojit Financial Services, noted that while the market had not seen a sharp breakdown, four consecutive sessions of decline have pushed Nifty to its lowest level since September 27. “We are now looking at a range of 22,580-22,300.
A reversal could happen if Nifty avoids slipping further or swings back above 22,790. However, a firm break above 22,950 would confirm strength in the market,” he said.
