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From long-term investment viewpoint, believe IT space fully priced for next few years of growth outlook, Q4 earnings outlook remains strong, Focus on energy, cleantech, data centres, defence and industrials post trade deal

* From long-term investment viewpoint, believe IT space fully priced for next few years of growth outlook
* Q4 earnings outlook remains strong
* Focus on energy, cleantech, data centres, defence and industrials post trade deal

shorts/business/daily-voice-strong-q4-outlook-energy-cleantech-data-centres-defence-industrials-in-focus-ashwini-shami

* From long-term investment viewpoint, believe IT space fully priced for next few years of growth outlook
* Q4 earnings outlook remains strong
* Focus on energy, cleantech, data centres, defence and industrials post trade deal

Ashwini Shami, President and Chief Portfolio Manager at OmniScience Capital, believes the outlook for Q4 earnings remains strong.

He expects the increasing impact of fiscal and monetary policy interventions, along with positive sentiment following recent trade deals with the US and the EU, the world’s two largest economic blocs, to support earnings growth.

According to Shami, the India-US trade agreement should benefit sectors such as textiles, leather, automobiles, and industrial components. He added that his key focus remains on energy and cleantech, data centres, defence, and industrials, where potential joint ventures and technology transfers could provide long-term competitive advantages and strong growth visibility.

Do you think the market is fully convinced by the US-India trade deal, given that India has reached an interim trade agreement with the US and the US has passed an executive order removing the additional 25 percent tariff?

The India-US trade deal has removed the negative overhang that was potentially impacting the flows and rerating of certain mispriced segments of the market. There have been six to seven trade deals that India has signed with various economic blocs in the past year.

Effectively, the US trade war has resulted in a number of key trade deals for India, as multiple regional economic blocs, all impacted by the US trade war to varying degrees, were forced to find new trading partners to offset the impact of US trade tariffs. This has ushered in a new era for the Indian economy to emerge as a key global player for manufactured goods, and we will continue to see its impact on markets.

After reviewing the interim trade agreement, which sectors do you see as the key beneficiaries of the deal? Are you a buyer in those sectors?

The bilateral trade agreement has essentially reduced the tariff on Indian exports vis-à-vis other competing Asian countries and that should help sectors such as textiles, leather, auto, and industrial components, etc. Our focus is on sectors such as energy and cleantech, data centres, defence and industrials, where some potential JVs and transfer of technology are likely to provide long-term competitive advantage and growth visibility.

Is the worst over for the IT space? Do you see tactical trading opportunities emerging in the IT sector?

We do not believe in taking tactical trading calls as we do not see the risk-reward as beneficial for our pool of scientific investors. From a long-term investment viewpoint, we believe that the IT space is fully priced for the next few years of growth outlook.

Structurally, we are positive about the IT space and would be closely tracking this as the AI stack evolves from infrastructure, model and framework levels to more of MLOps/AIOps and deployment at scale. IT services are playing a key role in AI pilots to scalable transformation involving enterprise-wide integration.

How do you interpret the December-quarter earnings season, which is set to conclude this week? What is your outlook for Q4?

Third quarter earnings showed sector-level divergence, with overall good revenue growth for sectors such as financial services, industrials, healthcare, auto and business services.

For many companies, one-off costs impacted the earnings growth in Q3. However, the outlook for Q4 remains stronger as we expect to see an increasing impact of fiscal and monetary policy interventions and the positive sentiments after the trade deals with the US and the EU, the two largest economic blocs in the world.

Are you confident that the BFSI and consumer segments will lead earnings growth going forward?

While we are positive on the earnings growth potential of the banking, consumer finance, and infrastructure NBFCs segments, we also see that a number of these players are currently available at a significant discount to intrinsic value, making this an attractive investment opportunity. There is a twin opportunity in the form of deleveraged corporate borrowers as well as unutilized lending capacity, as indicated by high capital-to-asset ratios.

Would you advise maintaining exposure to the hospital sector in portfolios, considering the expected growth outlook?

The expected return from any security consists of three components: the free cash flow yield, the growth of free cash flows, and the quantum of re-rating or de-rating during the holding period. We see that most of the stocks in the hospital sector are providing less than 1%-2% yield and forward price to earnings ratios above 60, along with a low-to-mid double-digit growth in the core business. This implies that the expected growth outlook is more than fully priced in and the investors should expect only the discount rate, i.e., the long-term return from the market, while taking the full risk of a de-rating in case of a lower-than-expected growth.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Daily Voice | Strong Q4 outlook; energy, cleantech, data centres, defence, industrials in focus: Ashwini Shami

Ashwini Shami, President and Chief Portfolio Manager at OmniScience Capital, believes the outlook for Q4 earnings remains strong.

He expects the increasing impact of fiscal and monetary policy interventions, along with positive sentiment following recent trade deals with the US and the EU, the world’s two largest economic blocs, to support earnings growth.

According to Shami, the India-US trade agreement should benefit sectors such as textiles, leather, automobiles, and industrial components. He added that his key focus remains on energy and cleantech, data centres, defence, and industrials, where potential joint ventures and technology transfers could provide long-term competitive advantages and strong growth visibility.

Do you think the market is fully convinced by the US-India trade deal, given that India has reached an interim trade agreement with the US and the US has passed an executive order removing the additional 25 percent tariff?

The India-US trade deal has removed the negative overhang that was potentially impacting the flows and rerating of certain mispriced segments of the market. There have been six to seven trade deals that India has signed with various economic blocs in the past year.

Effectively, the US trade war has resulted in a number of key trade deals for India, as multiple regional economic blocs, all impacted by the US trade war to varying degrees, were forced to find new trading partners to offset the impact of US trade tariffs. This has ushered in a new era for the Indian economy to emerge as a key global player for manufactured goods, and we will continue to see its impact on markets.

After reviewing the interim trade agreement, which sectors do you see as the key beneficiaries of the deal? Are you a buyer in those sectors?

The bilateral trade agreement has essentially reduced the tariff on Indian exports vis-à-vis other competing Asian countries and that should help sectors such as textiles, leather, auto, and industrial components, etc. Our focus is on sectors such as energy and cleantech, data centres, defence and industrials, where some potential JVs and transfer of technology are likely to provide long-term competitive advantage and growth visibility.

Is the worst over for the IT space? Do you see tactical trading opportunities emerging in the IT sector?

We do not believe in taking tactical trading calls as we do not see the risk-reward as beneficial for our pool of scientific investors. From a long-term investment viewpoint, we believe that the IT space is fully priced for the next few years of growth outlook.

Structurally, we are positive about the IT space and would be closely tracking this as the AI stack evolves from infrastructure, model and framework levels to more of MLOps/AIOps and deployment at scale. IT services are playing a key role in AI pilots to scalable transformation involving enterprise-wide integration.

How do you interpret the December-quarter earnings season, which is set to conclude this week? What is your outlook for Q4?

Third quarter earnings showed sector-level divergence, with overall good revenue growth for sectors such as financial services, industrials, healthcare, auto and business services.

For many companies, one-off costs impacted the earnings growth in Q3. However, the outlook for Q4 remains stronger as we expect to see an increasing impact of fiscal and monetary policy interventions and the positive sentiments after the trade deals with the US and the EU, the two largest economic blocs in the world.

Are you confident that the BFSI and consumer segments will lead earnings growth going forward?

While we are positive on the earnings growth potential of the banking, consumer finance, and infrastructure NBFCs segments, we also see that a number of these players are currently available at a significant discount to intrinsic value, making this an attractive investment opportunity. There is a twin opportunity in the form of deleveraged corporate borrowers as well as unutilized lending capacity, as indicated by high capital-to-asset ratios.

Would you advise maintaining exposure to the hospital sector in portfolios, considering the expected growth outlook?

The expected return from any security consists of three components: the free cash flow yield, the growth of free cash flows, and the quantum of re-rating or de-rating during the holding period. We see that most of the stocks in the hospital sector are providing less than 1%-2% yield and forward price to earnings ratios above 60, along with a low-to-mid double-digit growth in the core business. This implies that the expected growth outlook is more than fully priced in and the investors should expect only the discount rate, i.e., the long-term return from the market, while taking the full risk of a de-rating in case of a lower-than-expected growth.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Sensex and Nifty rose Monday on India-US trade optimism and strong Asia cues., SBI, Adani, Shriram Finance rose; Max Healthcare, ITC fell., Foreign investors became net buyers; lower crude prices boosted market sentiment.

* Sensex and Nifty rose Monday on India-US trade optimism and strong Asia cues.
* SBI, Adani, Shriram Finance rose; Max Healthcare, ITC fell.
* Foreign investors became net buyers; lower crude prices boosted market sentiment.

Sensex and Nifty opened higher, driven by optimism over an India-US interim trade deal, strong SBI results, FII buying, positive Asian market trends, and lower crude oil prices. SBI, Adani Enterprises, and Shriram Finance led gains; Max Healthcare, ITC fell.

shorts/business/sensex-up-400-pts-nifty-above-25-800-india-us-trade-deal-among-key-factors-behind-market-rise

* Sensex and Nifty rose Monday on India-US trade optimism and strong Asia cues.
* SBI, Adani, Shriram Finance rose; Max Healthcare, ITC fell.
* Foreign investors became net buyers; lower crude prices boosted market sentiment.

The benchmark equity indices Sensex and Nifty started the week on a higher note on Monday, supported by optimism over an interim trade framework between India and the United States and firm trends in Asian markets.

At around 10:45 am, the Sensex climbed 445.83 points or 0.53 percent to 84,026.23, while the broader NSE rose to 25,847.80, up 154.10 points or 0.6 percent.

Fifteen of the 16 major sectors rose. The broader small-caps and mid-caps gained more than 1 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">State Bank of India</a>, Adani Enterprises and Shriram Finance were the top gainers in the Nifty50 pack, rising up to 7 percent, while Max Healthcare Institute and <a href="https://www.moneycontrol.com/india/stockpricequote/diversified/itc/ITC">ITC</a> were among the key laggards, declining up to 1 percent. Market breadth was positive as bout 2736 shares advanced, 941 shares declined and 153 shares unchanged.
<h3>Key factors driving market rally</h3>
1) India-US trade framework: Markets reacted positively after India and the US announced an interim trade framework on Friday aimed at lowering tariffs, strengthening energy ties and deepening economic cooperation.

Devarsh Vakil, Head of Prime Research at HDFC Securities, said India and the US have reached an interim trade agreement ending a ten-month tariff dispute, with Washington reducing tariffs on Indian goods. He added that India protected sensitive agricultural sectors while committing to purchase goods from the US over the next five years, with focus on energy, aircraft and defence technology.

2) SBI results: SBI shares jumped nearly 7 percent to a fresh record high after the public lender’s <a href="https://www.moneycontrol.com/news/business/markets/sbi-shares-jump-7-to-record-high-after-lender-posts-highest-ever-quarterly-profit-in-q3-brokerages-raise-target-prices-13818276.html" target="_blank">Q3 results surpassed expectations</a>. Several brokerages raised their target prices for the stock. The shares of the company hit a fresh 52-week high of Rs 1,137 per share on Monday.
<h3><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-gap-up-start-us-asian-markets-gain-liveblog-13817633.html" target="_blank">Stock Market LIVE Updates</a></h3>
3) FII buying: Foreign institutional investors were net buyers in the equity market, purchasing shares worth Rs 1,950.77 crore on Friday.

Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said there has been a change in foreign fund flows in February so far, with FIIs turning net buyers. He said currency movement has played a role in improving sentiment and could support further inflows.

4) Positive global cues: Asian markets traded higher, with Japan’s Nikkei 225, South Korea’s Kospi, Shanghai’s SSE Composite and Hong Kong’s Hang Seng index in the green. US markets ended more than 2 percent higher on Friday.

Vakil said firm global cues, particularly from Japan, have improved risk appetite, which has also supported Indian equities.

5) Crude oil prices: Brent crude, the global oil benchmark, fell 0.94 percent to USD 67.41 per barrel. Lower crude prices tend to support Indian equities by easing inflationary pressures and reducing the country’s import bill.
<h3>Technical outlook</h3>
Anand James, Chief Market Strategist at Geojit Investments, said the recent movement suggests some loss of upside momentum, though sustained buying interest could still support a rebound. He added that the market’s ability to hold above key support levels will be crucial in the near term.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Sensex up 450 pts, Nifty near 25,850: India-US trade deal among key factors behind market rise

Sensex news: Sensex up 450 pts, Nifty near 25,850 - India-US trade deal among key factors behind market rise

The benchmark equity indices Sensex and Nifty started the week on a higher note on Monday, supported by optimism over an interim trade framework between India and the United States and firm trends in Asian markets.

At around 10:45 am, the Sensex climbed 445.83 points or 0.53 percent to 84,026.23, while the broader NSE rose to 25,847.80, up 154.10 points or 0.6 percent.

Fifteen of the 16 major sectors rose. The broader small-caps and mid-caps gained more than 1 percent.

State Bank of India, Adani Enterprises and Shriram Finance were the top gainers in the Nifty50 pack, rising up to 7 percent, while Max Healthcare Institute and ITC were among the key laggards, declining up to 1 percent. Market breadth was positive as bout 2736 shares advanced, 941 shares declined and 153 shares unchanged.
Key factors driving market rally
1) India-US trade framework: Markets reacted positively after India and the US announced an interim trade framework on Friday aimed at lowering tariffs, strengthening energy ties and deepening economic cooperation.

Devarsh Vakil, Head of Prime Research at HDFC Securities, said India and the US have reached an interim trade agreement ending a ten-month tariff dispute, with Washington reducing tariffs on Indian goods. He added that India protected sensitive agricultural sectors while committing to purchase goods from the US over the next five years, with focus on energy, aircraft and defence technology.

2) SBI results: SBI shares jumped nearly 7 percent to a fresh record high after the public lender’s Q3 results surpassed expectations. Several brokerages raised their target prices for the stock. The shares of the company hit a fresh 52-week high of Rs 1,137 per share on Monday.
Stock Market LIVE Updates
3) FII buying: Foreign institutional investors were net buyers in the equity market, purchasing shares worth Rs 1,950.77 crore on Friday.

Dr VK Vijayakumar, Chief Investment Strategist at Geojit Investments, said there has been a change in foreign fund flows in February so far, with FIIs turning net buyers. He said currency movement has played a role in improving sentiment and could support further inflows.

4) Positive global cues: Asian markets traded higher, with Japan’s Nikkei 225, South Korea’s Kospi, Shanghai’s SSE Composite and Hong Kong’s Hang Seng index in the green. US markets ended more than 2 percent higher on Friday.

Vakil said firm global cues, particularly from Japan, have improved risk appetite, which has also supported Indian equities.

5) Crude oil prices: Brent crude, the global oil benchmark, fell 0.94 percent to USD 67.41 per barrel. Lower crude prices tend to support Indian equities by easing inflationary pressures and reducing the country’s import bill.
Technical outlook
Anand James, Chief Market Strategist at Geojit Investments, said the recent movement suggests some loss of upside momentum, though sustained buying interest could still support a rebound. He added that the market’s ability to hold above key support levels will be crucial in the near term.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

US AI stocks pull back, markets in risk on mode again. Can bulls take Nifty back to all time highs?

DIIs now hold more Nifty50 than FIIs for the first time, marking a shift, DII ownership in Nifty50 rose to 24.8 percent, surpassing FIIs at 24.3 percent, SIP inflows and pension funds boosted DII dominance in Indian equities.

* DIIs now hold more Nifty50 than FIIs for the first time, marking a shift
* DII ownership in Nifty50 rose to 24.8 percent, surpassing FIIs at 24.3 percent
* SIP inflows and pension funds boosted DII dominance in Indian equities.

Domestic institutional investors now hold more of India’s Nifty50 index than foreign investors for the first time, marking a structural shift driven by strong domestic inflows and persistent foreign selling amid global volatility and trade uncertainties.

shorts/business/diis-overtake-fiis-in-nifty50-ownership-for-the-first-time

* DIIs now hold more Nifty50 than FIIs for the first time, marking a shift
* DII ownership in Nifty50 rose to 24.8 percent, surpassing FIIs at 24.3 percent
* SIP inflows and pension funds boosted DII dominance in Indian equities.

Domestic institutional investors have overtaken foreign institutional investors in ownership of India’s benchmark Nifty50 index for the first time, signalling a structural shift in market participation amid persistent foreign selling driven by global trade uncertainties and heightened volatility.

As of the December 2025 quarter, DIIs held about 24.8 percent of the Nifty50, marginally higher than FIIs, whose ownership declined to around 24.3 percent, an eight-quarter low, according to data from Motilal Oswal Securities. While DIIs had earlier surpassed FIIs in overall equity ownership, they had continued to trail foreign investors within the Nifty50 index until now.

Naveen Vyas, Senior Vice President at Anand Rathi Global Finance, said the development represents a structural shift rather than a cyclical trend. He said the transition has been supported by strong incremental SIP inflows of Rs3.34 lakh crore in calendar year 2025, increased participation from pension funds in equities, and the launch of new asset management companies in India, all of which are strengthening the domestic institutional ecosystem.

In contrast, FIIs have been gradually reducing their exposure to Indian equities due to a weakening rupee and relatively more attractive return opportunities in other global markets. Over the past five years, the growing influence of DIIs has played a crucial role in supporting the market, enabling the Nifty to deliver absolute returns of around 72 to 75 percent despite cumulative FII selling of nearly Rs 9.96 lakh crore.

FII holdings in the Nifty50 declined by 90 basis points year-on-year and 20 basis points quarter-on-quarter, while DII ownership rose to an all-time high, increasing by 170 basis points year-on-year and 30 basis points sequentially. The divergence in positioning was broad-based, with FIIs reducing their holdings in nearly 78 percent of Nifty50 constituents during the quarter, while DIIs increased their stakes in about 82 percent of the index companies.

<img class="alignnone size-full wp-image-13817752" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260209021350_diii.jpeg" alt="diii" width="700" height="700" />

In value terms, assets under custody for DIIs stood at around $24.8 billion, edging past FII holdings of approximately $24.3 billion.

Ashwini Shami, President and Chief Portfolio Manager at OmniScience Capital, said DII dominance is largely sustainable, though not unconditional. He said that even during a market correction, domestic flows are likely to moderate rather than reverse, given the long-term nature of SIPs, EPFO, and insurance allocations.

At the stock level, DII ownership rose the most on a year-on-year basis, by more than four percentage points, in Eternal, Dr. Reddy's Laboratories, Asian Paints, Tech Mahindra, InterGlobe Aviation, Trent, Max Healthcare Institute, Shriram Finance, Axis Bank, Bajaj Auto, and Tata Consumer Products.

In contrast, FIIs increased their year-on-year holdings in select companies, including Bharti Airtel, Eicher Motors, Grasim Industries, Bharat Electronics, Bajaj Finserv, Bajaj Finance, Hindalco Industries, Maruti Suzuki India, Wipro, and InterGlobe Aviation.

Gaurav Bhandari, CEO of Monarch Networth Capital, said that while global risk aversion has temporarily reduced FII participation, the fact that DIIs are now dominant even in the most liquid and widely tracked index reflects a deepening of India’s domestic capital base rather than a short-term anomaly.

DIIs overtake FIIs in Nifty50 ownership for the first time

FIIs have been gradually reducing their exposure to Indian equities due to a weakening rupee and relatively more attractive return opportunities in other global markets.

Domestic institutional investors have overtaken foreign institutional investors in ownership of India’s benchmark Nifty50 index for the first time, signalling a structural shift in market participation amid persistent foreign selling driven by global trade uncertainties and heightened volatility.

As of the December 2025 quarter, DIIs held about 24.8 percent of the Nifty50, marginally higher than FIIs, whose ownership declined to around 24.3 percent, an eight-quarter low, according to data from Motilal Oswal Securities. While DIIs had earlier surpassed FIIs in overall equity ownership, they had continued to trail foreign investors within the Nifty50 index until now.

Naveen Vyas, Senior Vice President at Anand Rathi Global Finance, said the development represents a structural shift rather than a cyclical trend. He said the transition has been supported by strong incremental SIP inflows of Rs3.34 lakh crore in calendar year 2025, increased participation from pension funds in equities, and the launch of new asset management companies in India, all of which are strengthening the domestic institutional ecosystem.

In contrast, FIIs have been gradually reducing their exposure to Indian equities due to a weakening rupee and relatively more attractive return opportunities in other global markets. Over the past five years, the growing influence of DIIs has played a crucial role in supporting the market, enabling the Nifty to deliver absolute returns of around 72 to 75 percent despite cumulative FII selling of nearly Rs 9.96 lakh crore.

FII holdings in the Nifty50 declined by 90 basis points year-on-year and 20 basis points quarter-on-quarter, while DII ownership rose to an all-time high, increasing by 170 basis points year-on-year and 30 basis points sequentially. The divergence in positioning was broad-based, with FIIs reducing their holdings in nearly 78 percent of Nifty50 constituents during the quarter, while DIIs increased their stakes in about 82 percent of the index companies.



In value terms, assets under custody for DIIs stood at around $24.8 billion, edging past FII holdings of approximately $24.3 billion.

Ashwini Shami, President and Chief Portfolio Manager at OmniScience Capital, said DII dominance is largely sustainable, though not unconditional. He said that even during a market correction, domestic flows are likely to moderate rather than reverse, given the long-term nature of SIPs, EPFO, and insurance allocations.

At the stock level, DII ownership rose the most on a year-on-year basis, by more than four percentage points, in Eternal, Dr. Reddy's Laboratories, Asian Paints, Tech Mahindra, InterGlobe Aviation, Trent, Max Healthcare Institute, Shriram Finance, Axis Bank, Bajaj Auto, and Tata Consumer Products.

In contrast, FIIs increased their year-on-year holdings in select companies, including Bharti Airtel, Eicher Motors, Grasim Industries, Bharat Electronics, Bajaj Finserv, Bajaj Finance, Hindalco Industries, Maruti Suzuki India, Wipro, and InterGlobe Aviation.

Gaurav Bhandari, CEO of Monarch Networth Capital, said that while global risk aversion has temporarily reduced FII participation, the fact that DIIs are now dominant even in the most liquid and widely tracked index reflects a deepening of India’s domestic capital base rather than a short-term anomaly.

Benchmark indices Nifty 50 and Sensex are likely to see a gap-up opening in trade on February 9, as India and the U.S. secure their trade agreement.  Washington trimmed its tariff rate on Indian products from 50 percent to 18 percent.

The India-US trade pact has removed a key overhang, improved export visibility, and triggered a revival in foreign investor interest, noted experts.

At 7.20 am, the GIFT Nifty index was quoting 25,930, higher by 232.5 points or 0.90 percent in trade.

Among key stocks, auto ancillaries, textile firms, and fisheries will be in focus today, as they are set to see a significant boost.

Electronics exports remain largely unaffected, having benefited from exemptions even under prior tariff regimes. “Incremental beneficiaries from improved clarity include diamonds &amp; jewellery, textiles, machinery, chemicals and automobiles, where tariff reductions materially enhance competitiveness,” said JM Financial. Pharmaceuticals and aircraft components continue to enjoy near-zero duty access

Further, state-run financiers REC and PFC will be in focus, after the boards of the companies accorded in-principle approval for restructuring, in the form of a merger with each other, while ensuring that the merged entity remains a ‘Government Company’.

“Easing concerns over a potential US-Iran conflict, robust domestic institutional inflows, a stabilising rupee and sustained traction in Budget-led capex themes are adding to the positive momentum,” said Ponmudi R, CEO of Enrich Money.

On the technical front, Nifty’s immediate support is placed near 25,500, aligning with recent swing lows, while 25,800 acts as immediate resistance, coinciding with a heavy call-writing zone. A stronger resistance lies in the 25,900-26,000 band, marked by psychological significance and prior supply.

Overall, the sentiment has turned constructive, with markets now focusing on the durability of FII inflows and early signs of a recovery in export-oriented sectors.

Nifty, Sensex likely to see gap-up open following India-US trade deal announcement

The India-US trade pact has removed a key overhang, improved export visibility, and triggered a revival in foreign investor interest, noted experts.

Benchmark indices Nifty 50 and Sensex are likely to see a gap-up opening in trade on February 9, as India and the U.S. secure their trade agreement.  Washington trimmed its tariff rate on Indian products from 50 percent to 18 percent.

The India-US trade pact has removed a key overhang, improved export visibility, and triggered a revival in foreign investor interest, noted experts.

At 7.20 am, the GIFT Nifty index was quoting 25,930, higher by 232.5 points or 0.90 percent in trade.

Among key stocks, auto ancillaries, textile firms, and fisheries will be in focus today, as they are set to see a significant boost.

Electronics exports remain largely unaffected, having benefited from exemptions even under prior tariff regimes. “Incremental beneficiaries from improved clarity include diamonds &amp;amp; jewellery, textiles, machinery, chemicals and automobiles, where tariff reductions materially enhance competitiveness,” said JM Financial. Pharmaceuticals and aircraft components continue to enjoy near-zero duty access

Further, state-run financiers REC and PFC will be in focus, after the boards of the companies accorded in-principle approval for restructuring, in the form of a merger with each other, while ensuring that the merged entity remains a ‘Government Company’.

“Easing concerns over a potential US-Iran conflict, robust domestic institutional inflows, a stabilising rupee and sustained traction in Budget-led capex themes are adding to the positive momentum,” said Ponmudi R, CEO of Enrich Money.

On the technical front, Nifty’s immediate support is placed near 25,500, aligning with recent swing lows, while 25,800 acts as immediate resistance, coinciding with a heavy call-writing zone. A stronger resistance lies in the 25,900-26,000 band, marked by psychological significance and prior supply.

Overall, the sentiment has turned constructive, with markets now focusing on the durability of FII inflows and early signs of a recovery in export-oriented sectors.

11 out of 18 years BSE POWER has given negative returns in February.

Type	R1	R2	R3	PP	S1	S2	S3
Classic	6,840.21	6,867.56	6,912.47	6,795.30	6,767.95	6,723.04	6,695.69
Fibonacci	6,822.91	6,839.96	6,867.56	6,795.30	6,767.70	6,750.65	6,723.04
Camarilla	6,819.47	6,826.10	6,832.72	6,795.30	6,806.23	6,799.60	6,792.98

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