Sharp declines marked the end of last week for Indian stocks, as Sensex dropped 1.25% or 1,048 points to 82,626.76 and Nifty slid 1.30% or 336 points to 25,471.10. Overseas pessimism and AI’s potential economic fallout weighed heavily, shifting focus to upcoming events that could redefine trends.
February 18 brings Fed meeting minutes, pivotal for global rate expectations, plus U.S. GDP data. RBI’s policy disclosures on February 20 will gauge domestic easing prospects, vital for equity flows.
IT emerged as the week’s biggest loser, with its index cratering 8% on AI disruption worries. Traditional outsourcing faces obsolescence from gen AI and agentic tools, hitting stocks of TCS, Infosys, and Wipro hardest and raising red flags on earnings outlook.
Choice Broking’s analysis flags 25,700 resistance and 25,300 support for Nifty. A decisive move above could ignite bullish fervor; below might unleash selling cascades. Experts stress stop-loss discipline and bounded trading to weather volatility.
Gold and silver have found footing post-dips, mirroring tentative commodity recovery. FIIs, net purchasers through most of February, lend support amid U.S.-India trade thaw. These dynamics promise to steer the market’s path, rewarding vigilant investors.