Market Today: GIFT Nifty, Nifty Rebalancing, FII, Nasdaq, Quality Power IPO

Stock Markets Today, February 24, 2025: The Nifty50 and Sensex may be affected by global worries, weak signals from other markets, and what foreign investors are doing on Monday.

At 7:06 AM, the GIFT Nifty Futures were down by 139 points at 22,684, which means the Indian markets might open lower.

In the last session, the Sensex dropped by 424.90 points, or 0.56%, ending at 75,311.06. The Nifty50 also lost 127.25 points, or 0.51%, closing at 22,795.90.

Markets in Asia started the day lower after a bad day on Wall Street last Friday. The ASX 200 was down by 0.08%, and the Kospi dropped 0.7%.

This fall happened because of bad news from the U.S. economy, showing it is slowing down, and inflation is still a problem. The S&P Global U.S. Services PMI dropped to 49.7 in February from 52.9 in January. U.S. consumer confidence also fell to its lowest level in 15 months, and people are worried about the effects of higher tariffs proposed by Trump. On Friday, U.S. markets ended lower, with the Dow Jones falling by 1.69%, the S&P 500 losing 1.71%, and the Nasdaq falling by 2.2%.

On February 21, foreign investors sold shares worth Rs 3,449.15 crore, while domestic investors bought shares worth Rs 2,884.61 crore.

Today, some IPOs like Quality Power IPO (Mainline), Royalarc Electrodes IPO (SME), and Tejas Cargo IPO (SME) will be listed.

The Nukleus Office IPO (SME) will open for subscription, and the Beezaasan Explotech IPO (SME) will be on Day 2, while the Swasth Foodtech IPO (SME) and HP Telecom IPO (SME) enter Day 3.

The stock market has been going down slowly for the past few months. Hiren Ved, a director at Alchemy Capital Management, thinks that if the market becomes more volatile, people may avoid trading, which could slow down market activity.

In Q3 FY25, five microfinance companies reported a loss of Rs 1,241 crore, compared to a profit of Rs 844.8 crore last year. This loss was because of higher provisions and write-offs.

The Nifty50 and Nifty Next 50 indices will go through a big change, with a Rs 22,000 crore rebalancing, as funds adjust their holdings. These changes will happen from March 28.

Even though equity mutual funds have steady inflows, they have increased cash holdings to 6.1% by the end of January, up from 5.4% in November, to take advantage of the recent market drops.

Gold prices fell slightly on Friday because investors took profits after a big price increase. Still, gold was on track to make its eighth weekly gain in a row, as people are buying it as a safe investment due to concerns over Trump’s tariff plans. Spot gold fell by 0.1% to $2,935.75 per ounce, and U.S. gold futures dropped 0.2% to $2,950.30.

Oil prices also fell on Friday, losing more than $2 a barrel. This drop reflected a loss for the week, as investors focused on lower risks in the Middle East and uncertainty over peace talks in Ukraine. Brent crude ended at $74.43 a barrel, down by $2.05 (2.68%), and U.S. WTI crude closed at $70.40, down by $2.08 (2.87%).

Amol Athawale from Kotak Securities says that the market is weak but could have a small bounce if the Nifty50 stays above 22,950 or 76,000. If it does, it could rise back to 23,100–23,200 or 76,500–76,800. If it falls below 22,720 or 75,100, it could drop more, to 22,500–22,400 or 74,400–74,100. Traders may want to buy near these low points with a stop loss.

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