Stock market today: All you need to know before opening bell on February 14

The GIFT NIFTY50 futures traded 100 points higher on Friday morning, indicating a positive start for the Indian markets. Global markets remained buoyant on Thursday, as US indices closed more than 1% higher. Markets are expected to react to positive developments from PM Modi’s US visit amid a tariff war scenario.

US Markets

The key benchmark indices in the US closed more than 1% higher on Thursday as the Trump administration delayed the execution of reciprocal tariffs. The NASDAQ and S&P500 closed 1% higher, and Dow Jones jumped 0.77% higher. Market participants shrugged off worries about higher inflation in January.

Asian Markets

The Asian markets traded largely positively on Friday morning, except for the Japanese indices, which fell over 200 points as the Japanese Yen continued to depreciate. The Hong Kong and Korean indexes traded in the green, with 1% gains on Friday morning.

Crude Oil

The crude oil prices gained from lower levels on Thursday to close at 0.4% higher as reciprocal tariff announcements were delayed. The WTI crude oil prices gained above $71 per barrel, and Brent crude oil prices traded near $74.9 per barrel, gaining 0.4% in Thursday’s trade.

FII and DII data

The FIIs maintained their selling stance on Thursday. They sold Indian equities worth ₹2,789 crore and held 1.83 lakh contracts on the short side in the derivatives market, which was slightly lower than Wednesday. On the other hand, the DIIs continued to buy Indian equities worth ₹2,934 crore on Thursday.

Chart check

On a daily chart, the NIFTY50 and SENSEX faced resistance at the 20SMA levels of 23,275 and 76,800, respectively. On the support side, 22,780 levels for the NIFTY and 75,300 on SENSEX may act as strong support for the medium term.