On February 24, 2025, stock market performance reflected notable movements, especially with companies like Zomato and the Nifty 50 index. Zomato's shares experienced fluctuations, closing on February 21 at Rs 230.25, with intra-day trading highs reaching Rs 238.6 and lows at Rs 228.75. The company's market capitalization was reported as Rs 222,199.32 crore, marking its 52-week highs and low at Rs 304.5 and Rs 144.3 respectively.
Analysis of Zomato's moving averages showed key trends with the 5-day Simple Moving Average (SMA) at Rs 227.97, marginally above the Exponential Moving Average (EMA) at Rs 228.63. Over the past 10 days, the SMA stood at Rs 223.08 compared to the EMA of Rs 226.56, hinting at slight upward momentum albeit overshadowed by longer trends like the 50-day SMA of Rs 244.24 and 200-day SMA of Rs 242.53.
Meanwhile, the Nifty 50 index faced evening trading pressure as it closed at 22,795.90, down by 1.1% from its previous close. During intraday trading, it navigated between 22,668.05 and 22,548.35, as the expectation of downward trends became increasingly evident with Nifty futures at 22,616.60, recording nearly 0.9% decline.
The day also saw high trading volumes for stocks such as Tata Steel, Bharat Electronics, and Power Grid Corporation, indicating substantial investor interest. Stocks like State Bank of India and Tata Motors also caught attention, breaching significant 52-week lows which could influence trading strategies among investors.
By late afternoon, the Nifty 50 witnessed notable shifts across sector indices. NIFTY Auto reflected slight gains at 21542.4 (up 0.17%), contrasted with NIFTY Bank dropping to 48,631.65 (-0.92%). The overall market was characterized by caution among traders and growing apprehension about upcoming market volatility, evident from the advances to declines ratio standing at 0.28 early on.
For traders closely monitoring Nifty options, current call and put contracts showed significant price activity. The most active calls included strike prices at 22,600 (price at 119.55) and put contracts at 22,600 at 83.60, indicating where traders anticipate definitive movements leading up to the contract expiry on February 27, 2025.
Overall, as investors evaluated the potential for recovery or continued declines, February 24 showcased the challenges and opportunities within the current market environment—forcing both new and seasoned investors to reassess their strategies based on real-time feedback from the market.