Stock Market Highlights: Sensex sheds 856 pts, Nifty at 22,553; IT shares tank; FMCG, Auto holds
Sensex Today | Stock Market Highlights: Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 1.02 per cent and 0.94 per cent, respectively
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Stock Market Highlights, Stock Market Today, Feb 24, 2025: Benchmark equity indices, BSE Sensex and NSE Nifty50, ended the week's first trading session lower, settling down by over 1 per cent each. The 30-share Sensex tumbled as much as 856.65 points or 1.14 per cent to settle at 74,454.41. The index traded in the range of 74,907.04-74,387.44 today.
Mirroring the Sensex, NSE Nifty50 also ended lower by 242.55 points or 1.06 per cent at 22,553.35. The Nifty50 recorded a day's high of 22,668.05, while the day's low was 22,518.80 on Monday.
The day ended in favor of the bears as 38 out of the 50 constituent stocks of Nifty50 ended in the red, dragged by Wipro, HCL Tech, TCS, Infosys, Bharti Airtel, with losses extending up to 3.70 per cent. Meanwhile, Mahindra & Mahindra, Dr Reddy's Labs, Eicher Motors, Hero MotoCorp, Nestle India were among the 12 constituent stocks that ended in the green, with gains extending up to 1.54 per cent.
Broader markets also mirrored the benchmarks as the Nifty Smallcap100 and Nifty Midcap100 indices ended down by 1.02 per cent and 0.94 per cent, respectively.
All sectoral indices on the NSE ended in the red, barring Nifty Auto, and FMCG. Among them, Nifty IT was the top laggards which settled with the loss of 2.71 per cent dragged by LTTS, LTIMindtree, Wipro, and HCL Tech. This was followed by Nifty Pharma index which ended down by 2.17 per cent.
3:45 PM
Stock Market LIVE Updates: Market expert view
Stock Market LIVE Updates: Global headwinds continue to weigh on the domestic market, with persistent volatility causing uncertainty among retail investors, who generally have a lower risk appetite. Weak US consumer sentiment and tariff concerns may further pressure export-oriented sectors such as IT. Looking ahead, the pace of earnings downgrades is expected to ease, supported by increased government spending, lower interest rates, and tax reductions. These factors are likely to provide a boost to sectors such as FMCG, consumer discretionary, and banking.
View by Vinod Nair, head of research, Geojit Financial Services.
View by Vinod Nair, head of research, Geojit Financial Services.
3:44 PM
Stock Market LIVE Updates: Here's a look at Sensex gainers and losers at close
Stock Market LIVE Updates: HCLTech, Zomato, TCS were among the top losers on Sensex.
3:42 PM
Stock Market LIVE Updates: Here's a look at Nifty gainers and losers at close
Stock Market LIVE Updates: Information Technology (IT) stocks drag Nifty50. Wipro, HCLTech, TCS were among the top losers on Nifty50.
3:40 PM
Stock Market LIVE Updates: A glance at broader market
Stock Market LIVE Updates: Broader markets closed lower mirroring the headline index. Nifty Midcap 100 was down 0.94 per cent and Smallcap 100 was down over 1 per cent.
3:38 PM
Stock Market LIVE Updates: Nifty closes at 22,553.35, down 242.55 pts or 1.06%
Stock Market LIVE Updates: National Stock Exchange (NSE) Nifty50 closed 242.55 points or 1.06 per cent lower at 22,553.35. The index recorded a day's low at
22,518.8.
22,518.8.
3:35 PM
Stock Market LIVE Updates: Sensex finishes at 74,454.41, down 856.65 points or 1.14 per cent
Stock Market LIVE Updates: BSE Sensex finished the session at 74,454.41, down 856.65 points or 1.14 per cent. Intraday the index fell to 74,387.44.
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Stock Market LIVE Updates: Gautam Adani pledges to invest Rs 1.1 trn across sectors in Madhya Pradesh
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First Published: Feb 24 2025 | 7:36 AM IST