Welcome to Aftermarket Report, a newsletter where we do a quick daily wrap-up of what happened in the markets—both in India and globally.
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Market Overview
Nifty opened flat at 22,963.66 and hovered around the 22,830-22,840 zone for some time before moving downward, hitting the day’s low near 22,800 around 11 AM. From there, the market saw an intraday recovery towards 22,900, after which it traded within a narrow range between 22,890 and 22,850.
After 1 PM, Nifty gained 50 points and maintained a slightly upward bias. In the final hour, it briefly turned positive but eventually closed flat at 22,945.30, down 0.06%.
Market sentiment remains weak and uncertain, with Nifty likely to take cues from global developments and domestic economic factors in the coming sessions.
Broader Market Performance:
Broader market indices continued to underperform the headline index, with a weakening advance-to-decline ratio. Of the 2,928 stocks traded on the NSE, 720 advanced, 2,128 declined, and 80 remained unchanged.
Sectoral Performance:
The top-gaining sector of the day was Nifty IT, which closed 0.95% higher, while the top-losing sector was Nifty Consumer Durables, ending the session 1.36% lower. Overall, five sectors managed to close in the green. On the other hand, seven sectors ended in the red.
Note: The above numbers for Commodity futures were taken around 4 pm.
Net Flow Breakdown for the day:
- FII: Net inflow of ₹4,786.56 crore (Bought ₹14,537.68 crore, Sold ₹9,751.12 crore)
- DII: Net inflow of ₹3,072.19 crore (Bought ₹12,792.87 crore, Sold ₹9,720.68 crore)
Change in OI for the day
The following is the change in OI for Nifty contracts expiring on 20th February:
- The maximum Call Open Interest (OI) is observed at 23,200, followed by 23,300. Meanwhile, The maximum Put Open Interest (OI) is at 22,500, closely followed by 22,700.
- Immediate support is identified in the 22,800–22,700 range, while resistance is expected between 23,200 zones followed by 23,300.
Note: OI is subject to multiple interpretations, but generally, an increase in the call OI indicates resistance in a falling market, and an increase in the put OI indicates support in a rising market.
Source: Sensibull
Tijori is an investment research platform, and they have constructed niche indices for various themes and sub-sectors. They help you get a sense of the market performance of narrow slices of the market. You can also track the Promoter buying and other interesting stuff like Capex activity by the companies in the Tijori App’s idea dashboard.
What’s happening in India
SEBI has introduced a new procedure for making and amending regulations, mandating public consultation and stakeholder engagement. The framework requires a minimum 21-day public comment period, with SEBI publishing the rationale for accepting or rejecting feedback. Dive deeper
ABB India achieved strong growth in CY2024, with record-high revenue of ₹12,188 crore and total orders at ₹13,079 crore. Profit before tax rose 51% YoY to ₹2,513 crore, supported by steady execution and a diversified portfolio. The board recommended a total dividend of ₹44.16 per share. Dive deeper
The company also extended its low voltage flameproof motor range for industries like Oil & Gas, Chemicals, Pharma, and Food & Beverage. Manufactured in Bengaluru, these PESO-certified motors now cover power ratings from 37kW to 500kW and are available in IE2, IE3, and IE4 efficiency classes. Dive deeper
Gold imports rose 41% YoY to ₹22,140 crore in January, driven by increased domestic demand, investor confidence, and customs duty cuts. Cumulative imports for April-January stood at ₹50,000 crore, up 32% from the previous year. Dive deeper
India’s sugar production declined 12% YoY to 197 lakh tonnes as of February 15 in the 2024-25 marketing year, mainly due to lower output in Maharashtra and Karnataka, according to ISMA. Sugar diversion for ethanol rose to 14.1 lakh tonnes from 8.3 lakh tonnes last year. Dive deeper
Bharat Forge’s Kalyani Strategic Systems Ltd. has introduced the MArG 45, a high-mobility artillery gun at IDEX Abu Dhabi 2025. Mounted on a 4x4 heavy vehicle, it combines long-range firepower over 36 km with quick deployment, ready in 1.5 minutes. Dive deeper
Zomato has introduced Nugget, an AI-powered customer support platform developed by Zomato Labs. Already in use across Zomato, Blinkit, and Hyperpure, it is now being made available to businesses. Dive deeper
Lloyds Metals and Energy has finalized the acquisition of a 79.82% stake in Thriveni Earthmovers and Infra for ₹70 crore. Following shareholder approval on January 17, 2025, the company signed a share subscription agreement on February 17, 2025, to complete the transaction. Dive deeper
Jindal Power Limited, part of the promoter group, acquired 44,350 equity shares of Jindal Steel & Power on February 13, 2025, through an open market transaction. Following this acquisition, its total holding increased to 79,85,165 shares, representing 0.782% of the company’s total voting capital. Dive deeper
KIMS Hospitals has partnered with UAIMS Hospital in Sangli, Maharashtra, expanding its presence in the state. KIMS will manage operations with an option to acquire a majority stake. UAIMS, a 356-bed quaternary care facility, plans to expand beyond 500 beds and launch a day-care oncology centre in 2025. Dive deeper
Gabriel India Limited has executed a License Agreement and a Technical Assistance Agreement with Marelli Suspension Systems Italy S.p.A on February 17, 2025. These agreements facilitate the manufacturing, distribution, and technical support for certain products in India. Dive deeper
TCS has been named in Fortune’s 2025 list of the World’s Most Admired Companies, recognizing its corporate reputation, innovation, and global business effectiveness. Dive deeper
Larsen & Toubro Limited has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Limited from NPCIL, making it a wholly owned subsidiary. The acquisition, valued at ₹170 crore, allows LTSSHF to expand its offerings beyond the energy sector and improve utilization. Dive deeper
Star Health Insurance secured the highest sustainability score among Indian insurers in the S&P Global Corporate Sustainability Assessment, with a score of 53. The rating reflects improvements in corporate governance, human capital management, and climate strategy. Dive deeper
TVS Motor Company has launched the 2025 TVS RONIN with new colour options and Dual-Channel ABS in the mid-variant. Dive deeper
GMR Airports reported an 11% YoY rise in passenger traffic to 1.06 crore in January 2025, though it declined 2% MoM. The company posted a Q3 FY25 net profit of ₹202.1 crore, rebounding from a loss last year, with revenue rising 19.2% YoY to ₹2,653.2 crore. Dive deeper
Vinati Organics Limited has incorporated Vinati Organics USA INC in Delaware, United States, to expand its presence in the speciality chemicals market. The wholly owned subsidiary will focus on processing, distribution, and sales in the region. Dive deeper
SBI Cards has appointed Salila Pande as its Managing Director and CEO for two years, effective April 1, 2025, subject to necessary approvals. She succeeds Abhijit Chakravorty, who retires on March 31. Dive deeper
SEBI has barred DGS Capital Management from onboarding new clients and accepting additional funds due to non-compliance with the ₹5 crore net worth requirement. The firm, which manages ₹201 crore AUM, has 15 days to comply or risk suspension or cancellation of its registration. Dive deeper
LG Electronics has begun roadshows for its Indian unit’s IPO, aiming to raise $1-1.5 billion with a potential valuation of up to $15 billion. Dive deeper
What’s happening globally
WTI crude oil rose to $71.5 per barrel after Ukrainian drone strikes disrupted crude flows from Kazakhstan. Dive deeper
The dollar index rose to 107 as Fed officials signalled caution on rate cuts, emphasizing the need for more evidence of inflation easing. Markets now await the latest FOMC minutes for further insights into the Fed’s policy stance. Dive deeper
The UK added 21,000 paid employees in January 2025, bringing the total to 30.4 million. The health sector saw the largest job gains, while accommodation and food services recorded the biggest decline. Median monthly pay rose 5.7% year-on-year to £2,467. Dive deeper
Regular pay in the UK, excluding bonuses, rose 5.9% year-on-year to £664 per week in the three months to December 2024. Private-sector wages grew 6.2%, while public-sector pay increased 4.7%. In real terms, wages rose 2.5%, the highest in seven months. Dive deeper
South Africa’s unemployment rate fell to 31.9% in Q4 2024, the lowest since Q3 2023, as employment rose by 132,000. Job gains were led by finance and manufacturing, while trade and community services saw declines. Youth unemployment eased to 59.6%. Dive deeper
The Reserve Bank of Australia cut its cash rate by 25bps to 4.1%, its first reduction since November 2020, citing easing inflation and weak private demand. The central bank signaled caution on further easing amid global uncertainties. Dive deeper
Steel rebar futures rose to CNY 3,250 per tonne, supported by China’s fiscal measures, including a CNY 50 billion fund for property purchases. Increased government bond issuance signalled further stimulus, while U.S. steel tariffs had minimal impact on trade expectations. Dive deeper
Copper futures dropped below $4.6 per pound, weighed down by potential Russian supply returning to Western markets and easing concerns over US tariffs. In China, smelting restrictions aim to address overcapacity amid rising imports and falling inventories. Dive deeper
Germany’s ZEW economic sentiment index rose 15.7 points to +26 in February 2025, the highest since July 2024. Optimism grew ahead of the federal election, with expectations of stronger private consumption and improved construction outlook. The current economic assessment remained weak at -88.5. Dive deeper
Germany’s 10-year bond yield rose to 2.5%, the highest in nearly three weeks, as markets assessed increased defence spending and bond issuance. European governments discussed Ukraine aid but reached no concrete measures, while the ECB is expected to cut rates in the coming months. Dive deeper
Management chatter
In this section, we pick out interesting comments made by the management of major companies and policymakers of the Indian and Global Economy.
Finance Minister Nirmala Sitharman on FII selling in Indian Markets
“FIIs also go out when they are able to, or in a position to book profits. Indian economy today has an environment in which investments are also leading good returns. That’s also happening,” - Link
Piyush Goyal, Union Minister of Commerce and Industry on Trade deal with the US
"Indian industries should be confident in their competitiveness as there lies a massive opportunity ahead”
“Those who are panicking today will regret tomorrow. This is a golden opportunity that will open a floodgate of business opportunities.” - Link
Calendars
In the coming days, we have the following major events and corporate actions:
That’s it from us. Do let us know your feedback in the comments and share it with your friends to spread the word.