Stock Market Highlights: Sensex ends flat at 74,612; NBFCs shine while Smallcaps, wire-makers tank
Stock Market Highlights: The Nifty moved in a narrow band of 100-odd points before settling marginally in red at 22,545. Bajaj twins and Shriram Finance gained, while UltraTech plunged 5% on Thursday.
 "BSE, NSE, Sensex, Nifty, stock markets")
BSE, NSE, Sensex, Nifty, stock markets
Stock Market LIVE Updates, Stock Market Today, Thursday, February 27, 2025: Indian benchmark indices moved in an extremely narrow band on Thursday, even as the broader indices witnessed intense selling pressure. The BSE Sensex from a high of 74,834, slipped into red to a low of 74,521, and eventually ended on a flat note at 74,612 - up 10 points. The NSE Nifty 50 index moved in a narrow band of 100-odd points, from a high of 22,613, the index dropped to a low of 22,508, and finally settled nearly unchanged at 22,545. Among the Sensex 30 stocks, Bajaj Finance and Bajaj Finserv were the lead gainers, rallying up to 3 per cent each. IndusInd Bank, HDFC Bank, Zomato and Axis Bank were up over 1 per cent each. On the other hand, UltraTech Cement plunged nearly 5 per cent, after the company announced its plan to enter wires and cables business. Among other wire and cable-makers, KEI Industries, RR Kabel and Polycan India tumbled up to 20 per cent each. Mahindra & Mahindra, Tata Motors, Kotak Mahindra Bank, SBI, NTPC and HCL Technologies were the other key Sensex losers. On the other hand, shares of Non Banking Finance Companies (NBFCs) and Micro-Finance Institutions (MFI) were in demand on Thursday after the Reserve Bank of India (RBI) reduced risk weight on MFI loans and loans to NBFCs. Market leaders Bajaj Finance and Bajaj Finserv rallied up to 3 per cent each; Shriram Finance from the Nifty 50 index surged over 5 per cent. Others like CreditAccess Grameen, L&T Finance, Mahindra & Mahindra Finance soared up to 15 per cent
In the broader market, the BSE MidCap index slipped 1 per cent, while the SmallCap shed 2 per cent. The market breadth was fairly negative with more than 3 declining stocks for every advancing share on the BSE today.
Special Event: Business Standard Manthan Speaking at the BS Manthan, an annual two-day event, Chris Wood, global head of equity strategy at Jefferies said foreign money is likely to chase China rather than India in the short-to-medium term, and was surprised with the quantum of foreign investor (FII) outflows in India. Chris Wood, however, said he remains structurally bullish on the Indian equities from a long-term perspective; among sectors he likes travel and tourism space. READ MORE Earlier today, Union Finance Minister Nirmala Sitharaman while delivering the keynote address at the BS Manthan emphasized that the global order will not be determined by developed nations. She said a global churn or reset is happening, and India would have to keep its strategic requirements at the top of agenda. READ MORE
3:53 PM
Stock Market LIVE Updates: Technical view
Stock Market LIVE Updates: Nifty remained range bound during the day before closing flat. Sellers continued to dominate the market at higher levels. On the lower end, 22,500 continues to act as support, similar to how 22,800 did a few days ago. We expect Nifty to decline towards 22,200 and lower if it falls below 22,500. On the higher end, 22,650 might act as immediate resistance. In the short term, the index is likely to remain a "sell on rise" as long as it stays below the 22,750-22,800 range.
View by Rupak De, senior technical analyst, LKP Securities.
View by Rupak De, senior technical analyst, LKP Securities.
3:41 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and losers at close
Stock Market LIVE Updates: Shriram Finance, Bajaj Finserv, Bajaj Finance were among the top gainers on Nifty50.
3:39 PM
Stock Market LIVE Updates: A glance at broader market at close
Stock Market LIVE Updates: BSE Midcap and Smallcap was down 0.97 per cent and 2.09 per cent respectively.
3:38 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close
Stock Market LIVE Updates: Bajaj Finserv, Bajaj Finance, Sun Pharma were among the top gainers on Sensex.
3:36 PM
Stock Market LIVE Updates: Nifty finishes 2.5 pts or 0.01 per cent lower at 22,545.05
Stock Market LIVE Updates: NSE Nifty50 closed at 22,545.05, down 2.5 points or 0.01 per cent. The index made day's low at 22,508.40.
3:34 PM
Stock Market LIVE Updates: Sensex settles at 74,612.43, up 10.31 pts or 0.01%
Stock Market LIVE Updates: BSE Sensex ended at 74,612.43, up 10.31 points or 0.01 per cent. The index made an intraday high at 74,834.09.
3:16 PM
Stock Market LIVE Updates: Indian markets can rise 15% in a year; FII selling surprised me: Chris Wood
Stock Market LIVE Updates: Despite the recent correction in the Indian stock markets, foreign money, as per Chris Wood, global head of equity strategy at Jefferies, is likely to chase China rather than India in the short-to-medium term.
Though Wood remains structurally bullish on the Indian equities from a long-term perspective, from a short-term view, he remains cautious given the quantum of foreign investor (FII) outflows and valuation woes. Read more
3:06 PM
Stock Market LIVE Updates: Ola Electric, NTPC Green, One Mobikwik, 23 other IPOs hit new lows today
Stock Market LIVE Updates: Ola Electric Mobility, NTPC Green Energy, One Mobikwik Systems, Unimech Aerospace and Manufacturing and Ventive Hospitality were among a total of 26 recently listed initial public offering (IPOs) to hit respective new lows today on account of a continued down trend in equities.
Of these 26 IPOs, as many as 21 stocks were trading below their respective issue price on the BSE in Thursday’s intra-day trade. The list includes, Sanathan Textiles, Quality Power Electrical Equipments, Concord Enviro Systems, DAM Capital Advisors, Godavari Biorefineries, JNK India, Stallion India Fluorochemicals and Unicommerce Esolutions. These stocks have tanked up to 62 per cent from their issue price, data shows. Read more
3:01 PM
Stock Market LIVE Updates: 3 PM Update- Sensex, Nifty flat; broader markets crack
Stock Market LIVE Updates: Indian equities were flat in the last 30 minutes of trade with Sensex up 0.08 per cent or 63 points at 74,665.09 and NSE Nifty50 was up 2 points or 0.01 per cent at 22,549.15.
On the broader market front, BSE Midcap and Smallcap were down 0.94 per cent and 2.01 per cent respectively.
On the broader market front, BSE Midcap and Smallcap were down 0.94 per cent and 2.01 per cent respectively.
2:49 PM
Stock Market LIVE Updates: Orient Technologies collaborates with Amazon Web Services India
Stock Market LIVE Updates: Shares of Orient Technologies slipped 4.7 per cent intraday, logging a day's low at Rs 313.05 per share on BSE. The stock moved after the company announced its collaboration with Amazon Web Services (AWS) India to offer advanced GPU and AI services.
"By leveraging AWS’s cutting-edge GPU chips, AI services, and expansive ecosystem, Orient Technologies is committed to accelerating AI development and enabling India to create world-class technology. With a strong foundation of trust, collaboration, and excellence, Orient Technologies continues to evolve, empowering businesses to harness AI’s potential and drive meaningful progress," as per the filing.
"By leveraging AWS’s cutting-edge GPU chips, AI services, and expansive ecosystem, Orient Technologies is committed to accelerating AI development and enabling India to create world-class technology. With a strong foundation of trust, collaboration, and excellence, Orient Technologies continues to evolve, empowering businesses to harness AI’s potential and drive meaningful progress," as per the filing.
2:37 PM
Stock Market LIVE Updates: India should focus on controlling current account deficit: Uday Kotak
Stock Market LIVE Updates: India should focus on keeping its “current account” under control as it cannot afford vulnerability in uncertain times, said Uday Kotak, Founder & Director, Kotak Mahindra Bank at Business Standard Manthan Summit on Thursday.
India’s current account deficit is 1.2 per cent of the gross domestic product. While India runs a trade surplus of around $40 billion with the United States, it is over $80 billion with China. Read more
2:27 PM
Stock Market LIVE Updates: Dr. Agarwals Health starts operations at Mirzapur branch; stock trades flat
Stock Market LIVE Updates: Dr. Agarwals Health Care in an exchange filing on Thursday said it commenced operations of a new branch in Mirzapur, Uttar Pradesh, with effect from February 27, 2025.
Meanwhile, on the BSE, the recently listed stock traded on a flat note at Rs 405 on volumes of around 21,000 shares.
Meanwhile, on the BSE, the recently listed stock traded on a flat note at Rs 405 on volumes of around 21,000 shares.
2:15 PM
Stock Market LIVE Updates: Oil India achieves significant improvement in 2024 CDP ratings; stock down 2%
Stock Market LIVE Updates: Oil India (OIL), a Maharatna CPSE and a leading energy company in India, today announced a significant improvement in its 2024 CDP (formerly Carbon Disclosure Project) ratings, reflecting its dedication to sustainability.
In its first year of response, OIL elevated its Climate Change rating from F to C and secured a B- in Water Security, marking a milestone in its environmental efforts, the company said in an exchange filing.
Meanwhile, on the BSE, OIL stock quoted with a loss of 2 per cent at Rs 365 on trades of around 50,000 shares thus far.
In its first year of response, OIL elevated its Climate Change rating from F to C and secured a B- in Water Security, marking a milestone in its environmental efforts, the company said in an exchange filing.
Meanwhile, on the BSE, OIL stock quoted with a loss of 2 per cent at Rs 365 on trades of around 50,000 shares thus far.
2:03 PM
Stock Market LIVE Updates: Godrej Properties sells Pune homes worth Rs 1,000 cr; stock down 2%
Stock Market LIVE Updates: Godrej Properties on Wednesday said it sold inventory worth over Rs 1,000 crore in its project, Godrej Evergreen Square, located in Hinjewadi, Pune.
"Launched in November 2024, within 4 months of acquiring the land, this is GPL’s most successful launch ever in Pune in terms of the value and volume of sales achieved," the company said in a statement. READ MORE
Meanwhile, the stock on the bourses traded with a loss of 2 per cent at Rs 1,943. The stock was trading close to its 52-week low of Rs 1,904 and seen trades of around 8,200 shares on the BSE thus far in the day.
"Launched in November 2024, within 4 months of acquiring the land, this is GPL’s most successful launch ever in Pune in terms of the value and volume of sales achieved," the company said in a statement. READ MORE
Meanwhile, the stock on the bourses traded with a loss of 2 per cent at Rs 1,943. The stock was trading close to its 52-week low of Rs 1,904 and seen trades of around 8,200 shares on the BSE thus far in the day.
1:52 PM
Stock Market LIVE Updates: Physical banking will get slower in terms of share, says Uday Kotak
Stock Market LIVE Updates: In the digital age, physical banking will very soon take a back seat, said Uday Kotak, founder and director of Kotak Mahindra Bank at the Business Standard's annual BS Manthan conclave on February 27 in New Delhi. Although physical banking comes with a trust and brand element, it will come down, he said.
Speaking on the equity market, Kotak said that the markets, long viewed as a reflection of economic fundamentals, are increasingly reactive to political signals. The strengthening of the US dollar post-Trump’s victory is a case in point. READ MORE
Speaking on the equity market, Kotak said that the markets, long viewed as a reflection of economic fundamentals, are increasingly reactive to political signals. The strengthening of the US dollar post-Trump’s victory is a case in point. READ MORE
Topics : Nirmala Sitharaman MARKET WRAP share market MARKET LIVE Jefferies Chris Wood Jefferies BS Manthan Stocks in focus Share price Buzzing stocks Markets Sensex Nifty Nifty50 BSE Sensex stock market trading
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First Published: Feb 27 2025 | 7:37 AM IST
