Mon Feb 17 16:42:11 UTC 2025: ## Indian Indices Snap Eight-Day Losing Streak on Banking Boost

**Mumbai, India** – Indian stock markets ended an eight-session losing streak on Monday, fueled by a strong recovery in banking stocks. The BSE Sensex rebounded to close above 76,000, while the Nifty 50 index surpassed 22,900. This positive turn comes despite mixed global signals and continued foreign institutional investor (FII) selling.

The indices opened lower, facing continued selling pressure throughout the morning. However, a surge in buying activity during the mid-session propelled them to a slight daily gain. The Nifty 50 closed up 0.1% at 22,960, while broader market indices also saw gains, with the Nifty Midcap 100 up 0.4%. Sectors showing investor interest included consumer durables, metals, oil & gas, and public sector banking.

Market analysts offered mixed perspectives. While some suggest selling pressure is easing, others caution that further correction depends on key support levels. Siddhartha Khemka of Motilal Oswal Financial Services noted the cautious market sentiment amidst FII selling, US trade tariff concerns, and weak Q3 earnings, which saw more downgrades than upgrades. Mandar Bhojane of Choice Broking highlighted technical indicators suggesting a potential recovery but emphasized the need for a strong close above 23,200 to confirm a bullish reversal. Rajesh Bhosale of Angel One advised against panic selling and new short positions, citing strong support levels and recommending a gradual accumulation of quality stocks.

Despite the positive close, analysts remain cautious, urging investors to conduct thorough research and consult with financial advisors before making investment decisions.

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