GICTrade USD Price & Performance (GICTUSD)

Indian stock indices, Sensex and Nifty, ended slightly higher on February 17, snapping an eight-day losing streak. Pharma, metal, and financial stocks led the recovery, while IT and media sectors lagged. Analysts suggest strong support at 22,800 for Nifty, with resistance seen at 23,100.12

GIFT Nifty traded lower by 20.50 points, signaling a subdued start for Dalal Street. Analysts highlight 22,300 as a critical support level for Nifty, with resistance around 23,750. Market sentiment remains cautious amidst global economic uncertainties and rising volatility.34

Nvidia's robust Q4 earnings have bolstered tech sentiment, offsetting mixed global cues. GIFT Nifty signals a flat-to-positive opening, trading at 22,600. Analysts anticipate subdued trends amid geopolitical concerns and fluctuating foreign investments, with tech stocks offering potential upside.56