Share Market Weekly
- Share.Market
- 3 min read
- 21 Feb 2025
21st Feb 2025
| Monday | + 0.13% |
| Tuesday | – 0.06% |
| Wednesday | – 0.05% |
| Thursday | – 0.09% |
| Friday | -0.51% |
What moved the market?
6 sectors (top 3, bottom 3)
| Nifty Metal | +4.13% | Nifty Auto | -4.02% |
| Nifty Commodities | +1.76% | Nifty Pharma | -3.58% |
| Nifty Energy | +0.88% | Nifty FMCG | -3.05% |
Markets this week
| Nifty Midcap 150 | 18,681.35 (- 0.46%) |
| Nifty Smallcap 250 | 14,683.40 (- 2.44%) |
| India VIX | 14.53 (-2.48%) |
Stocks in the Spotlight
Top Gainers
Top Losers
Technical Analysis
Nifty 50
Nifty 50 declined 1.08% this week and is currently trading below its 10-day and 21-day moving averages. The index maintained its downward trend throughout the week, finding support around the 22,600-22,800 range for now. Additionally, Nifty traded within the 22,721 – 23,049 range this week.
Nifty Midcap 150
Nifty Midcap 150 closed almost flat this week, slipping 0.46% and shedding 85 points. The index started the week on a positive note but failed to sustain the momentum, ultimately closing at 18,681 on Friday, attempting to test its 10-day moving average.
Nifty Smallcap 250
Nifty Smallcap 250 fell by 2.44% this week shredding 367 points. The index saw a bullish movement at the start of the week and now is testing the resistance at 14,700.
What made headlines?
U.S. Tariffs on Key Imports: What It Means for India
On February 18, 2025, U.S. President Donald Trump announced a 25% tariff on imported automobiles, pharmaceuticals, and semiconductors. The move aims to boost U.S. manufacturing but may strain international trade.
India’s gross exports to the US are one of the lowest among its emerging markets at around 2.0% of GDP. India could feel the impact, especially in pharmaceuticals. The U.S. bought 31% of India’s pharma exports, worth $8.73 billion in 2024. Since India supplies 47% of America’s generic medicines, these tariffs could raise healthcare costs in the U.S. and hurt Indian pharma companies. Major Indian firms like Sun Pharma, Dr. Reddy’s, and Cipla rely heavily on the U.S. market.
Experts believe Indian exports are competitive, which may reduce the effect of the tariffs. Currently, the U.S. does not impose any import duty on Indian pharmaceuticals.
For auto components, while India’s direct car exports to the U.S. are small (0.2%), North America accounts for 31% of its exports. India exported auto parts worth $6.69 billion to the U.S. in 2023-24. Sona BLW, which gets 40% of its revenue from the U.S., expects minimal impact. The effect on India’s semiconductor industry will also be minimal, as it is still in its early stages.
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