Nifty 50 Ends the Week on a High: The “Value” Rescue
After a shaky start to the week, the Indian benchmark indices staged a spirited recovery on Friday, February 20. The Nifty 50 closed up 0.46% at 25,571, while the Sensex gained nearly 380 points. At FinanceVetted, we’re looking past the green candles to see who actually drove this move.
The “Value” Driver
The rally wasn’t driven by the usual IT heavyweights; it was a pure Value Play.
- Metals: Hindalco rose 3.3% as global aluminum prices steadied.
- Power: NTPC and Power Grid were the stars, proving that investors are seeking safety in infrastructure as tech stocks remain volatile.
- Infrastructure: ABB India surged 5% on strong order book projections.
Vetted Verdict
The 25,550 level was a major psychological floor. Holding above this through the weekend suggests that the “Buy the Dip” crowd is still in control. However, with the US Dollar Index (DXY) at 104, expect some resistance as we approach 25,800 next week.