Stock Market Highlights: Sensex sheds 425 points, Nifty at 22,796; Auto shares bleed, metal shines

Stock Market Highlights: All sectoral indices, barring Nifty Metal, settled in the red, with Nifty Auto being the top laggard, which ended down by 2.58 per cent

3:58 PM

Stock Market LIVE Updates: Here's a look at Nifty gainers and losers at close

Stock Market LIVE Updates: Hindalco, Tata Steel, Eicher Motors were among the top ganers on Nifty50.

 

3:56 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The domestic market continued to exhibit broad-based weakness, primarily influenced by investor concerns over the hawkish tone of the FOMC minutes, which signalled prolonged higher interest rates that could constrain liquidity in EMs. Although the market has undergone a healthy correction, the uncertainties surrounding the gradual recovery of corporate earnings and ongoing tariff-related risks continue to cast doubt on valuation levels, particularly in the broader market. India is currently lagging behind its Asian peers, as FII outflows remain high, with the "sell India, buy China" strategy continuing to yield returns for the time being.

View by Vinod Nair, head of research, Geojit Financial Services.

3:53 PM

Stock Market LIVE Updates: Nifty Metal index gained 1%; extended its recent rally

The Nifty Metal index ended 1 per cent higher led by gains in Tata Steel, Hindalco and SAIL. The Metal index gained 6 per cent in the last one week on expectations of earnings improvement going forward. READ MORE

 

3:49 PM

Stock Market LIVE Updates: Broader indices decline over 1%

The Nifty MidCap and SmallCap indices were down over 1 per cent each; India VIX also dipped 1 per cent.

 

3:46 PM

Stock Market LIVE Updates: 21 out of Sensex 30 shares end in red

Mahindra & Mahindra was the top loser among the Sensex 30 shares, it plunged over 6% on Friday. Adani Ports, Tata Motors, Sun Pharma, Power Grid Corporation, Zomato and ICICI Bank were the other major losers. Tata Steel and Larsen & Toubro were the smart gainers.

 

3:44 PM

Stock Market LIVE Updates: NSE Nifty ended with a loss of 117 points at 22,796

The NSE Nifty 50 index touched an intra-day low of 22,720, and then settled 117 points lower at 22,796 on Friday.

 

3:41 PM

Stock Market LIVE Updates: BSE Sensex closed 425 points lower at 75,311

The BSE Sensex hit a high of 75,749, and a low of 75,112 in intra-day deals on Friday, before settling with a loss of 425 points at 75,311.

 

3:27 PM

Stock Market LIVE Updates: PFC, SBI Cards, 8 others to turn ex-date next week

Stock Market LIVE Updates: Shares of Power Finance Corporation (PFC), SBI Cards and Payment Services, and others are expected to remain in the spotlight during the next week, from Monday, February 24, 2025, to Friday, February 28, 2025, as they trade ex-date due to the announcement of corporate actions such as dividends, subdivisions, or rights issues for their shareholders.

 

Among them, Power Finance Corporation, ASM Technologies, Prithvi Exchange (India), SBI Cards and Payment Services, Bhatia Communications & Retail (India), and Panchsheel Organics will remain in focus as they trade ex-dividend. Meanwhile, Oasis Securities, and RDB Infrastructure and Power will draw attention following the announcement of subdivisions/splits of equity shares. Additionally, Nava shares will trade ex-date following the announcement of a rights issue, as per BSE data. Read more 

3:19 PM

Stock Market LIVE Updates: Small, midcaps' correction: No need for Sebi's statement, says Buch

Stock Market LIVE Updates: Sebi Chairperson Madhabi Puri Buch on Friday said there is "no need" for the capital markets regulator to comment on the recent steep correction in small and midcap stocks.

 

Drawing from her statement in March last year on the high valuations in the same stocks, Buch said Sebi had flagged its concerns on the high valuations when it saw a need for it. Read more 

3:16 PM

Stock Market LIVE Updates: Quality Power IPO listing on Monday, Feb 24

Stock Market LIVE Updates: Shares of Quality Power Electrical Equipments are slated to make their D-Street debut tentatively on Monday, February 24, 2025, following the completion of its initial public offering (IPO). Estimated to be worth around Rs 858.70 crore, the Quality Power IPO received a muted response from investors, with the issue being oversubscribed by 1.29 times.

Meanwhile, the unlisted shares of Quality Power were trading at a discount in the grey market ahead of their listing on the exchanges. Sources tracking grey market activities revealed that the company's shares were trading at around Rs 423 per share, a discount of Rs 2 or 0.47 per cent below the issue price. Read more

3:09 PM

Stock Market LIVE Updates: CDSL share price gains over 3% in weak stock market

Stock Market LIVE Updates: Share price of Central Depository Services Ltd (CDSL) gained 3.5 per cent today, to hit a high of Rs 1,294 per share on the National Stock Exchange (NSE). CDSL share, however, pared most of its gains and was up 0.8 per cent at 1:25 PM as against 0.6 per cent dip in the Nifty index today. Read more 

3:01 PM

Stock Market LIVE Updates: 3 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading lower on Friday, amid mixed global cues.

At 3 PM, the BSE Sensex was behind by 416.35 points, or 0.55 per cent, at 75,319.61, and the Nifty 50 was at 22,772.40, lower by 140.75 points, or 0.61 per cent.

 

2:46 PM

Stock Market LIVE Updates: Kirloskar Oil Engines drops 3% as stock trades ex-dividend date today

Stock Market LIVE Updates: Shares of combustion engine maker Kirloskar Oil Engines fell by 3.03 per cent to a low of Rs 576.25 during intra-day trading on the National Stock Exchange (NSE) on Friday, February 21, 2025. The decline in the share price came after the company announced interim dividend rewards for shareholders.

 

Today, the company’s shares are trading ex-dividend, following its declaration of an interim dividend of Rs 2.50 (125 per cent) per equity share of Rs 2 each for the financial year 2024-25. "The record date to determine the list of eligible members for the payment of the interim dividend for the financial year 2024-25 is fixed as February 21, 2025," the company informed the exchanges via a regulatory filing. READ MORE

 

2:37 PM

Stock Market LIVE Updates: Metal index extends gain, up 6% in 1 week on hopes of earnings improvement

Stock Market LIVE Updates: On Friday, shares of metal companies gained attention as the BSE Metal index advanced over 1 per cent in intra-day trades, extending its rally despite an otherwise weak market, driven by expectations of earnings improvement. Over the past week, the BSE Metal index outperformed the market by surging 6 per cent, compared to a nearly 1 per cent decline in the BSE Sensex.

 

By 12:51 PM, the BSE Metal index was the top gainer among sectoral indices, up 1.5 per cent, in contrast to the 0.5 per cent decline in the benchmark index. National Aluminium Company, Steel Authority of India (SAIL), Hindalco Industries, Jindal Stainless, and Tata Steel saw gains ranging from 2 per cent to 4 per cent. Over the past week, these stocks have rallied between 6 per cent and 11 per cent. READ MORE

2:25 PM

Stock Market LIVE Updates: 'India to become high-income nation by 2047 on back of services sector'

Stock Market LIVE Updates: India is on track to become a high-income country by 2047, with a projected GDP ranging from $23 trillion to $35 trillion, driven largely by the services sector, according to a report by Bain & Company and nasscom.

By 2047, the services sector is expected to constitute 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both playing pivotal roles in the country's economic growth.
 

The report highlights that "with nearly 200 million individuals expected to enter the workforce in the coming decades, India has a unique opportunity to drive high-value job creation and unlock significant economic potential." READ MORE

 

2:14 PM

Stock Market LIVE Updates: Bandhan Bank share pops 5% as CLSA upgrades to 'High Conviction Outperform'

Stock Market LIVE Updates: Shares of Bandhan Bank, a private banking and financial services company, were in high demand on Friday, February 21, 2025, as the stock surged by 4.80 per cent to reach an intraday high of Rs 143 per share.

The rally in Bandhan Bank’s share price followed an upgrade from Hong Kong-based brokerage firm CLSA, which raised its rating to ‘High Conviction Outperform’ from the previous ‘Outperform’ rating. CLSA, however, maintained its target price at Rs 220, indicating a potential upside of 61 per cent.
 

CLSA referenced veteran fund manager Anthony Bolton, who once stated, “The most money in equity markets is made when things go from bad to less bad.” READ MORE

 

2:01 PM

Stock Market LIVE Updates: 2 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading lower on Friday, amid mixed global cues.

At 2 PM, the BSE Sensex was behind by 508.71 points, or 0.67 per cent, at 75,227.25, and the Nifty 50 was at 22,764.10, lower by 149.09 points, or 0.65 per cent.

 

1:54 PM

Stock Market LIVE Updates: India's EV push needs high-speed trains to match China's adoption rate

Stock Market LIVE Updates: The path to accelerating the adoption of electric vehicles (EVs) in India will be closely linked to the railways. Not the romanticized train journeys that have inspired writers for over a century and continue to captivate Bollywood, but rather efficient high-speed rail travel.

 

At first glance, connecting trains to EVs may seem unusual, but this complementary relationship has largely gone unexplored—until now. A recent study of 328 cities in China suggests there may indeed be a connection. READ MORE

 

1:46 PM

Stock Market LIVE Updates: This Godrej group stock has zoomed 33% in 2 days on heavy volumes

Stock Market LIVE Updates: Shares of Godrej Industries (GIL) surged by 15 per cent to Rs 1,147 on the BSE during Friday’s intra-day trade, continuing its rally from Thursday in an otherwise weak market. Over the past two days, the stock of the Godrej group company has soared by 33 per cent. This marks the fifth consecutive trading day of gains, with the stock rising by 43 per cent during this period. The stock had previously hit a 52-week high of Rs 1,313.95 on September 6, 2024.

At 11:15 AM, GIL shares were trading 9 per cent higher at Rs 1,094, compared to a 0.63 per cent decline in the BSE Sensex. The average trading volumes on the counter have jumped over six-fold, with a combined 6.9 million equity shares changing hands on the NSE and BSE. READ MORE

 

1:44 PM

Stock Market LIVE Updates: Fin inclusion beyond opening accounts; engagement important: RBI deputy guv

Stock Market LIVE Updates: India has made remarkable progress in expanding financial access through the Jan Dhan Yojana, with 80 per cent of adults now holding a bank account. However, the meaningful usage of these accounts remains a challenge, noted M Rajeshwar Rao, deputy governor of the Reserve Bank of India (RBI).

 

According to RBI’s Financial Inclusion Index, the extent of financial inclusion in the country was 64.2 in March 2024, up from 60.1 in March 2023 and 43.4 in 2017. The index is based on three sub-indices: access, quality, and usage. READ MORE

 

 

1:38 PM

Stock Market LIVE Updates: Mtar Technologies slips 4% after promoter buys stake via open market

Stock Market LIVE Updates: Mtar Technologies' shares slipped by 3.7 per cent in Friday's trade on the BSE, hitting an intraday low of Rs 1,416.15 per share. The selling pressure emerged after promoter K Shalini acquired 1,05,000 equity shares through an open market transaction.

By 11:10 AM, Mtar Technologies' share price was down 3.05 per cent, trading at Rs 1,426.6 per share on the BSE. In comparison, the BSE Sensex was down 0.72 per cent at 75,191.73. The company's market capitalisation stood at Rs 4,388.16 crore. The stock's 52-week high was Rs 2,200 per share, and the 52-week low was Rs 1,207.05 per share.
 

"I, K Shalini, promoter of MT AR Technologies Limited, have acquired an aggregate of 1,05,000 equity shares of MTAR from the open market," read the filing. READ MORE

 

1:29 PM

Stock Market LIVE Updates: Nifty Metal bounces back from long-term support levels, can gain another 7%

Stock Market LIVE Updates: Metal stocks seem to have weathered the current downtrend in equity markets better compared to the benchmark and broader indices. The Nifty Metal index has slipped 1.5 per cent as against a 3.5 per cent fall in the benchmark Nifty 50; and a 5.8 per cent and 8.5 per cent decline in the Nifty MidCap 150 and Nifty SmallCap 250 indices.

On Friday, the Nifty Metal index was a standout gainer, up nearly 1 per cent in an otherwise weak market. The Sensex and the Nifty were down 0.5 per cent each owing to global turmoil.
 

As the Nifty Metal index outperforms - select stocks such as Hindalco, SAIL and Tata Steel seem to be favourably placed on the charts.

Here's a technical outlook on the Nifty Metal index and key stocks from the sector. READ MORE

 

1:16 PM

Stock Market LIVE Updates: HP Telecom India IPO Day 2; check subscription data, GMP, listing date

Stock Market LIVE Updates: HP Telecom India's initial public offering (IPO), which opened for public subscription on February 20, 2025, has received a muted response from investors so far. According to data from the National Stock Exchange (NSE), the IPO has been subscribed to 78 per cent as of around 10:42 AM on Friday, February 21, 2025.

 

The public offering, valued at Rs 34.23 crore, consists entirely of a fresh issue of 3.16 million equity shares. The IPO is priced at Rs 108 per share, with a lot size of 1,200 shares. Retail investors can bid for a minimum of 1,200 shares, which requires an investment of Rs 1,29,600. For High Net-Worth Individuals (HNIs), the minimum bid is for 2 lots, or 2,400 shares. READ MORE

 

1:08 PM

Stock Market LIVE Updates: Rs 69K cr capital expenditure to fuel Suzuki's India growth engine

Stock Market LIVE Updates: Suzuki Motor Corporation (SMC) has unveiled an ambitious road map for India, committing 1,200 billion yen (Rs 69,320 crore) to its subsidiary Maruti Suzuki India (MSIL) from FY26 to FY31. This significant investment will focus on expanding production capacity, setting up manufacturing units, and achieving carbon neutrality goals, as outlined in SMC's outlook released on Thursday.

 

MSIL projects its domestic passenger vehicle (PV) sales to grow from 1.79 million units in 2023-24 (FY24) to 2.54 million units by 2030-31 (FY31), a 41.9 per cent increase, despite the "increasingly severe" competition in the Indian market, according to SMC. READ MORE

 

1:03 PM

Stock Market LIVE Updates: 1 PM market update - Sensex, Nifty trade lower

Stock Market LIVE Updates: Benchmark equity indices BSE Sensex and Nifty50 were trading lower on Friday, amid mixed global cues.

At 1 PM, the BSE Sensex was behind by 480.34 points, or 0.63 per cent, at 75,255.62, and the Nifty 50 was at 22,787.05, lower by 126.10 points, or 0.55 per cent.

12:54 PM

Stock Market LIVE Updates: ICICI Sec sees Sensex at 90,000; double-digit earnings growth FY26 onwards

Stock Market LIVE Updates: Amid the current market gloom, analysts at ICICI Securities have offered a glimmer of hope for investors. In a recent note, they forecast that corporate earnings are expected to rebound to double digits starting in fiscal year 2025-26 (FY26), once election-related uncertainty is over and a growth-oriented Union Budget is in place. They believe this will revive the sluggish Bull market and propel the Sensex and the Nifty to new all-time highs within the next 12 months.

With the Nifty 50 down approximately 12 per cent from its lifetime highs and mid-and small-caps down around 15-20 per cent, analysts at ICICI Securities noted that valuations have become more reasonable. They believe the current market environment provides highly attractive opportunities for long-term wealth generation. READ MORE

 

 

12:49 PM

Stock Market LIVE Updates: HP Telecom India IPO Day 2; check subscription data, GMP, listing date

Stock Market LIVE Updates: HP Telecom India's initial public offering (IPO), which opened for public subscription on February 20, 2025, has so far seen a muted response from investors. According to data from the National Stock Exchange (NSE), the IPO has been subscribed to 78 per cent as of around 10:42 AM on Friday, February 21, 2025.

The public offering, valued at Rs 34.23 crore, consists entirely of a fresh issue of 3.16 million equity shares. The IPO is priced at Rs 108 per share, with a lot size of 1,200 shares. Retail investors can bid for a minimum of 1,200 shares, requiring an investment of Rs 1,29,600, while High Net-Worth Individuals (HNIs) need to bid for a minimum of 2 lots, or 2,400 shares.
 

Meanwhile, sources tracking unofficial markets report that the unlisted shares of HP Telecom India continue to trade flat in the grey market. Consequently, the grey market premium (GMP) for the HP Telecom India IPO remains nil on Friday. READ MORE

 

 

12:39 PM

Stock Market LIVE Updates: Sanofi Consumer share price slips 4% on weak Q4 results; check details here

Stock Market LIVE Updates: On Friday, February 21, 2025, Sanofi Consumer Healthcare shares faced significant pressure, dropping by 3.57 per cent to reach an intraday low of Rs 4,595.15 per share.

 

The decline in share price followed the company's weak financial performance for the year ended December 31, 2024.

Sanofi Consumer’s net profit fell by 34.8 per cent year-on-year (Y-o-Y) to Rs 44.3 crore in Q4, compared to Rs 67.9 crore a year ago.

Revenue also decreased by 24 per cent Y-o-Y to Rs 170.7 crore in Q4, down from Rs 224.6 crore in the same quarter last year. READ MORE

 

12:24 PM

Stock Market LIVE Updates: Senores Pharma rises 6% after its arm inks agreement to acquire Roflumilast

Stock Market LIVE Updates: Senores Pharmaceuticals shares jumped 5.6 per cent in Friday's trade on BSE, logging an intraday high at Rs 564.8 per share. The company shares gained after its subsidiary Senores Pharmaceuticals signed an agreement to acquire the Abbreviated New Drug Application (ANDA) for Roflumilast 250 mcg and 500 mcg tablets.

 

Roflumilast is used for treatment to reduce the risk of Chronic Obstructive Pulmonary Disease (COPD) exacerbations in patients with severe COPD associated with chronic bronchitis and a history of exacerbations. The market size of Roflumilast in the US was $32 million (MAT June 2024) and $46 million (MAT September 2024), as per the filing. READ MORE

12:15 PM

Stock Market LIVE Updates: KEI Industries rises 5% as Morgan Stanley initiates with overweight rating

Stock Market LIVE Updates: Electrical wires & cables manufacturer KEI industries shares were in demand on the last day of the week, as the scrip rallied as much as 5.33 per cent to hit an intraday high of Rs 3,930.95 per share.

 

The northward move in KEI Industries share price came after foreign brokerage firm Morgan Stanley initiated coverage with ‘Overweight’ rating, with a target price of Rs 4,391, according to reports. The target price reflects an upside of 17.66 per cent from its previous close of Rs 3,731.90 on February 20. 

 

The brokerage reportedly highlighted multiple domestic growth drivers for KEI Industries, with the future of energy being a key factor. READ MORE