Indian stock market sector-wise performance today - February 7, 2025

The national stock market indices showed varied performances on February 07, 2025, reflecting the economic sentiment.

In this article, we analyze the performance of key national indices including the Nifty 50,Nifty Bank,Nifty IT,Nifty Auto,Nifty Pharma,Nifty FMCG,Nifty Infra,Nifty Energy and Nifty Metal.

Analysis for Sensex - February 07, 2025

**Sensex Performance:** The Sensex opened at a level of 78119.60, reached a high of 78356.98, and a low of 77475.74, closing at 77860.19. There was a slight decline from the previous close of 78058.16, marking a percentage change of -0.25% and a points change of -197.97. The current RSI of 52.48 suggests a relatively neutral stance in the momentum of the market.

Relationship with Key Moving Averages

The Sensex closed at 77,860.1875, which is below its 50-day EMA of 78,126.1816 but above its 200-day EMA of 77,841.2116. This suggests that while there is some short-term pressure, the long-term trend might still be supportive.

Moving Averages Trend (MACD)

The MACD for the Sensex is -75.86 with a MACD Signal of -385.57, indicating a potentially bullish crossover as the MACD is less negative than the signal line. This suggests a shift towards upward momentum, but confirmation is advisable due to the proximity of the values.

RSI Analysis

Based on the data provided, the Sensex has an RSI value of 52.48. This indicates a neutral condition, as RSI values around 50 suggest that the market is neither overbought nor oversold. Traders might view this as a waiting period to see if any trend develops.

Analysis for Nifty Auto - February 07, 2025

Nifty Auto opened at 23,407.45 and closed at 23,459.95, showing a positive change of 0.69% with a points increase of 161.10 from the previous close of 23,298.85. The index experienced a day’s high of 23,545.20 and a low of 23,193.35. Technical indicators show a MACD of 69.69 against a signal of -79.14 and an RSI of 57.88, indicating bullish momentum.

Relationship with Key Moving Averages

The Nifty Auto closed at 23459.95, which is above all the key moving averages: 50 EMA (23195.28), 200 EMA (23262.21), 10 EMA (23101.33), and 20 EMA (22973.33). This indicates a bullish sentiment in the short to long term trends.

Moving Averages Trend (MACD)

The MACD for Nifty Auto is positive at 69.70, while the MACD Signal is negative at -79.14, indicating a divergence. This suggests potential bullish momentum, as the MACD line is moving above the signal line, which could imply an upward market trend.

RSI Analysis

The RSI value for Nifty Auto is 57.88, which is above 50, suggesting a bullish trend. This indicates that the stock is currently in a moderate upward momentum, but it is not yet in the overbought territory (RSI above 70). This level could imply potential for further gains if the trend continues.

Analysis for Nifty Energy - February 07, 2025

Nifty Energy opened at 32,978.75 and closed slightly lower at 32,817.30, marking a percentage change of -0.73% with a points change of -242.45. The technical indicators suggest a bearish sentiment as the index is below its 50 and 200 EMAs, and the RSI is at 43.06, indicating a potential oversold condition. The MACD is also negative but is above its signal line.

Relationship with Key Moving Averages

The closing price of Nifty Energy at 32,817.30 is currently below its 50-day EMA of 34,920.88 and 200-day EMA of 37,477.20, indicating a bearish trend in the medium to long term. Additionally, it is below the 10-day and 20-day EMAs, suggesting short-term bearish momentum.

Moving Averages Trend (MACD)

Based on the data provided for Nifty Energy, the MACD value of -619.41 indicates a bearish trend, albeit less negative compared to the MACD Signal value of -698.62. This suggests potential for price momentum to turn more positive if the trend continues, but caution is advised as the MACD is still below zero.

RSI Analysis

The RSI reading for Nifty Energy is 43.06, indicating that the market is neither overbought nor oversold but closer to the lower bound, suggesting potential bearish momentum. An RSI below 50 typically implies weaker market performance or selling pressure.

Analysis for Nifty FMCG - February 07, 2025

The Nifty FMCG index opened at 55,904 and closed lower at 55,113.30, marking a decrease of 1.30% or 728.5 points from its previous close of 55,841.80. The index experienced a low of 54,822.05 during the session, with technical indicators showing a weaker momentum as reflected by an RSI of 40.71 and a negative MACD of -140.90.

Relationship with Key Moving Averages

Nifty FMCG closed below its 50 EMA of 56739.14, indicating potential weakness, as well as below its 10 EMA of 56049.40 and 20 EMA of 56122.30, signifying downward momentum in the short term. The RSI at 40.71 suggests the index is nearing oversold territory, and the MACD below the signal line confirms bearish sentiment.

Moving Averages Trend (MACD)

The MACD for Nifty FMCG is currently negative at -140.90, which is below the MACD Signal line at -167.08. This indicates a bearish momentum, suggesting that the downward trend may continue in the short term.

RSI Analysis

The RSI for Nifty FMCG is 40.71, indicating that the index is nearing the oversold region, which starts at an RSI of 30. This suggests potential bearish momentum, but it isn't in the oversold territory yet, thus caution is advised for buyers expecting a reversal.

Analysis for Nifty Infra - February 07, 2025

Nifty Infra opened at 8252.65 and closed slightly lower at 8249.25, showing a marginal change of -0.0024%. The 10-day EMA is at 8253.95, indicating the price is slightly below short-term moving averages. The RSI of 46.58 suggests a neutral market stance, while the MACD at -59.39 indicates a bearish trend, though it's above its signal line suggesting potential improvement.

Relationship with Key Moving Averages

Nifty Infra closed at 8249.25, which is below both its 50-day EMA (8443.25) and 200-day EMA (8536.56), suggesting a bearish trend. However, it is close to its 10-day EMA (8253.95) and 20-day EMA (8286.34), indicating short-term neutral movement.

Moving Averages Trend (MACD)

The MACD for Nifty Infra is currently at -59.39, which is above its signal line of -78.83. This suggests some recovering momentum, but with both MACD and the signal line in the negative territory, the overall trend remains bearish. Keep an eye on further crossover signals for potential trend reversals.

RSI Analysis

The RSI (Relative Strength Index) for Nifty Infra is 46.58, which is below the neutral level of 50. This suggests that the index is currently experiencing a weak momentum, leaning slightly towards a bearish sentiment but not yet in the oversold territory.

Analysis for Nifty IT - February 07, 2025

The Nifty IT index opened at 43,106.15 and closed slightly lower at 42,921.65, marking a decrease of 0.23% from the previous close of 43,020.95. The index experienced volatility with a high of 43,133.35 and a low of 42,623.45, and its RSI stands at 49.41, indicating a relatively neutral market sentiment. The MACD value of -193.44, alongside a MACD Signal of -277.29, suggests bearish momentum in the short term.

Relationship with Key Moving Averages

Nifty IT closed below its 50-day Exponential Moving Average (EMA) of 43085.10, indicating possible short-term weakness, but it is trading above its 200-day EMA of 40683.21, suggesting a longer-term bullish trend. The close is also slightly above the 10-day EMA of 42778.60 and below the 20-day EMA of 42889.91, portraying mixed short to medium-term momentum.

Moving Averages Trend (MACD)

Based on the data provided, Nifty IT's MACD is -193.44, which is above the MACD Signal of -277.29. This suggests a potential bullish crossover as the MACD line is moving closer to the signal line, indicating possible momentum in the upward direction.

RSI Analysis

The RSI value for Nifty IT is 49.41, which is near the midpoint of the range, indicating neither overbought nor oversold conditions. This suggests a neutral trend, where the market could potentially move in either direction depending on future market activity.

Analysis for Nifty Metal - February 07, 2025

Nifty Metal opened at 8377.95 and closed higher at 8585.80, marking a significant points change of 222.15 and a percentage change of 2.66% from the previous close of 8363.65. The current price is slightly below the 50-day EMA of 8647.50 and significantly below the 200-day EMA of 8862.49, indicating a short-term positive performance within a longer-term downtrend. The RSI is at 53.70, suggesting neutral momentum, while the MACD of -76.23 shows a slowly decreasing bearish trend compared to the MACD Signal of -118.73.

Relationship with Key Moving Averages

The Nifty Metal index closed at 8585.80, which is below the 50-day EMA of 8647.50 and the 200-day EMA of 8862.49, indicating a bearish trend on a longer timeframe. However, it is above the 10-day EMA of 8386.66 and the 20-day EMA of 8419.32, suggesting some short-term bullish momentum.

Moving Averages Trend (MACD)

The Nifty Metal index has a MACD value of -76.23, which is less than its Signal line value of -118.73. This indicates a potential bullish crossover as the MACD line is moving towards the Signal line, suggesting a possible positive momentum shift.

RSI Analysis

The RSI value for Nifty Metal is 53.70, indicating a neutral condition where the stock is neither overbought nor oversold. This suggests a balance between buying and selling pressure, with neither side having a dominant influence on the stock's recent price movements.

Analysis for Nifty Bank - February 07, 2025

Nifty Bank opened at 50484.45 and closed lower at 50158.85, marking a decrease of 0.44% or a drop of 223.25 points from the previous close. The RSI value of 54 indicates a neutral trend, while the negative MACD suggests bearish momentum. The closing price is below the 50-day and 200-day EMAs, hinting at a potential short-term downtrend.

Relationship with Key Moving Averages

The Nifty Bank closed at 50158.85, which is below the 50 EMA of 50233.99 and the 200 EMA of 50217.58, indicating a downward trend. However, it remains above both the 10 EMA of 49725.93 and the 20 EMA of 49627.17, suggesting short-term support.

Moving Averages Trend (MACD)

The MACD value for Nifty Bank is -73.52, which is above the MACD Signal value of -362.21. This indicates a potential bullish crossover, suggesting that there might be an upward momentum developing. However, the overall negative MACD suggests recent bearish pressure.

RSI Analysis

The RSI value for Nifty Bank is 53.99, which indicates a neutral momentum. It's neither in the overbought zone (above 70) nor in the oversold zone (below 30), suggesting a balance between buying and selling pressures.

Analysis for Nifty 50 - February 07, 2025

The Nifty 50 index opened at 23,649.5 and closed at 23,559.95, showing a decline with a points change of -43.40, which results in a percentage decrease of -0.18%. The current close is below the 50-day EMA of 23,664.44 and slightly below the 200-day EMA of 23,622.86. The RSI is at 52.20, indicating a relatively neutral momentum, while the MACD of -26.90 is above its signal line of -116.10, suggesting a potential bullish divergence.

Relationship with Key Moving Averages

Nifty 50 closed at 23559.9492, below its 50 EMA (23664.4416) and 200 EMA (23622.8611), which may suggest a bearish trend. However, it remains above the 10 EMA (23459.7128) and 20 EMA (23431.6782), indicating possible short-term support.

Moving Averages Trend (MACD)

The MACD for Nifty 50 is -26.90, which is above its signal line of -116.11, indicating a potential upward momentum but still in negative territory. This suggests that while the trend might be changing positively, the overall momentum remains weak.

RSI Analysis

The current RSI for Nifty 50 is 52.20, which indicates a neutral market position. An RSI value between 30 and 70 typically suggests a market is neither overbought nor oversold, reflecting a balanced momentum at present.