Market Bizzz

India’s stock market is undergoing a major correction, with the Nifty 50 falling nearly 16% from its peak and broader indices seeing steeper losses. Just 1,103 points from a bear market, rising global and domestic concerns drive risk aversion. Despite the turbulence, Axis Securities highlights high-potential stocks for 2025, offering investment opportunities across key sectors.

Nifty has fallen for five consecutive months, its longest losing streak since 1996, with February alone seeing a 6% drop. Analysts highlight key technical levels and momentum indicators, suggesting a possible pause in selling pressure. Strong rollovers indicate persistent bearish sentiment.

Foreign Institutional Investors (FIIs) offloaded ₹11,639 crore worth of Indian equities on Friday, marking their worst sell-off in February. The Nifty plunged 420 points, breaching key supports, while Sensex fell 1,414 points. IT and auto sectors faced the sharpest declines.

Wall Street’s indexes displayed mixed results on Friday amid concerns over a potential economic slowdown. The Commerce Department reported a drop in consumer spending for January, heightening concerns of stagflation. Stocks such as Nvidia and Microsoft faced declines, while inflation data met expectations. Investors closely watched the Fed’s next policy moves and economic cues.

Markets regulator Sebi on Friday modified its guidelines and issued necessary clarifications on nomination facilities in the securities market in a bid to make the process of transmission and nomination easier for demat accounts and mutual fund (MF) folios.

Christy Mathai of Quantum MF highlights private sector banks as his top investment due to historically low valuations and potential growth. He also sees opportunities in the two-wheeler segment and health insurance, while expressing caution towards capex-driven sectors and financial market plays amid potential corrections.

Markets have faced a slow decline in February, causing fatigue among retail traders. Rohit Srivastava of Strike Money Analytics suggests a market bottom may be near, highlighting historical trends showing bottoms around February-March. He advises monitoring institutional positioning and post-expiry movements, which could trigger recovery, particularly in financial stocks.

Sandip Sabharwal shares his insights on the market, including midcap valuations, sectors like cement, wires and cables, and financials. He discusses UltraTech’s diversification, the sustainability of high PE ratios, and potential rate cuts. He also comments on the aviation sector’s recovery and the strong demand in the consumer durables segment for ACs.

Wipro announced a $200 million investment into Wipro Ventures to support startups in the technology innovation space. This fourth funding round aims to accelerate investments in early to mid-stage startups, enhancing collaboration with the IT services industry and driving technological progress.

KPI Green Energy’s shares will be closely monitored as its parent company, KP Group, partners with Madhya Pradesh’s New and Renewable Energy Department to develop 1.8 GW renewable energy projects. Additionally, the company’s Q3 earnings report revealed a 67% increase in net profit and a 38.8% rise in revenue, highlighting strong growth in their renewable energy business.