Indian Markets Open Flat as Global Cues Weigh on Sentiment

Indian equity benchmarks opened on a muted note on Friday, February 21, 2025, as global concerns and mixed cues kept investors cautious. The GIFT Nifty futures traded 40 points lower at 22,870, indicating a subdued start for domestic indices. The Nifty 50 has been consolidating in the 22,800-22,900 range for the past seven sessions, with immediate support at 22,800 and resistance at 23,150. Analysts expect the market to remain range-bound unless a decisive breakout occurs. Key factors influencing market sentiment include potential U.S. tariffs on Indian goods, upcoming PMI data releases, and the RBI's meeting minutes. Foreign institutional investors (FIIs) sold ₹3,311 crore worth of shares on Thursday, while domestic institutional investors (DIIs) bought ₹3,908 crore.

 

Sources: Economic Times, Business Standard, Zee Business