Stock market bleed
There are lot of worrying signs in Stock market today... this has made NIFTY screener turn RED, like a lost battle with bleeding soldiers:
Today NIFTY went below 23,000 mark again, second time in less than a month. Midcap NIFTY fell by over 200 points today.
Worrying Sign 1: The FII exodus that started in September '24 continues into this month (Feb-2025) as well:
Worrying sign 2: INR keeps falling and will soon reach Rs. 88 (it was at Rs.84 in Dec'2024).
It looks the "magical budget", RBI's attempt to increase liquidity in banks and repo rate cut of 25 basis point has not done much to help the economy in short term.
Where do you think Markets will go from here?