Indian stock markets are expected to trade cautiously positive on February 9, with Nifty 50 and Sensex likely to see selective buying amid global uncertainties. Analysts suggest a buy-on-dips strategy as FMCG and banking stocks show strength, while IT and pharma remain under pressure.
Market Opening Trends
Benchmark indices closed higher in the previous session, setting a constructive tone for today’s trade. Nifty ended at 25,693, up 51 points, while Sensex gained 266 points to close at 83,580. Market breadth remained mixed, with advances slightly lagging declines.
Sectoral Performance
FMCG stocks led gains, rising over 2%, supported by ITC and HUL. Banking and financials also showed resilience, while IT, pharma, and auto sectors witnessed selling pressure. Analysts expect volatility to persist, but domestic cues remain supportive for selective accumulation.
Investor Strategy
Experts recommend a cautious approach, focusing on defensive sectors like FMCG and private banks. Global technology trends and oil price movements will remain key triggers influencing intraday sentiment.
Key Highlights
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Nifty closed at 25,693, Sensex at 83,580 on February 6
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FMCG index rose 2.2%, banking stocks gained
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IT and pharma sectors under selling pressure
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Buy-on-dips strategy advised amid volatility
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Global cues and oil prices remain critical triggers
Conclusion
The Indian stock market is poised for a cautiously positive session on February 9. While sectoral divergence persists, defensive plays and selective buying opportunities could help investors navigate volatility.
Sources: Goodreturns, Spider Software, 5paisa