Following a bruising Friday close, Indian equities are set for a make-or-break week dominated by global policy signals and sectoral pressures. The Sensex tumbled 1.25% to 82,626.76, while Nifty closed 1.30% lower at 25,471.10, hammered by global weakness and AI-induced economic anxieties.
Market participants are laser-focused on the Fed’s January meeting minutes releasing February 18, alongside U.S. GDP figures that could recalibrate rate cut bets. RBI’s policy minutes on February 20 will shed light on India’s monetary stance, influencing rupee stability and bond yields.
IT stocks stole the spotlight for all the wrong reasons, with Nifty IT plunging nearly 8% amid fears that advanced AI technologies will disrupt outsourcing models. Shares of TCS, Infosys, and Wipro bore the brunt, as analysts warn of potential revenue hits from diminishing traditional service demands.
Technical charts from Choice Broking point to 25,700 as Nifty’s key hurdle and 25,300 as a solid floor. Sustaining above resistance could unleash upside momentum, but a slip below support risks deeper corrections. Advisors recommend disciplined risk management with tight stops.
Commodity markets show gold and silver steadying after early losses. FII activity remains a bright spot, with net inflows dominating February sessions, aided by positive India-U.S. trade developments. These elements will collectively dictate whether bulls or bears take control next week.