Stock Market Close Highlights: Sensex sheds 122pts, Nifty at 23,045; banks shine, RIL dips 1%

Stock Market Highlights: Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 indices settled with losses of 0.26 per cent each

3:55 PM

Stock Market LIVE Updates: Technical view

Stock Market LIVE Updates: Nifty closed with a long legged Doji formation after a day of high volatility. On the lower end, the index found support just above the previous swing low. Until the previous low of 22,786 is broken decisively, the chances are high that Nifty might recover towards 23,500–23,600 in the near term. Immediate resistance is placed at 23,200, while immediate support is at 23,000.

View by Rupak De, senior technical analyst, LKP Securities.

3:54 PM

Stock Market LIVE Updates: Investors are trading cautiously and placing safe equity bets: Mehta Equities

Stock Market LIVE Updates: Markets were extremely choppy and gyrated sharply in intraday trades. After crashing over 900 points in early trades, markets recouped lost ground in late trades but select profit-taking in IT, banking and auto stocks saw benchmarks end marginally lower. Due to rising uncertainty in global and domestic markets coupled with falling rupee and fund outflows, investors are trading cautiously and placing safe equity bets.

View by Prashanth Tapse, senior VP (research), Mehta Equities.

3:51 PM

Stock Market LIVE Updates: Market expert view

Stock Market LIVE Updates: The Indian market saw a slight recovery from the sharp intraday declines; however, overall sentiment remained weak due to elevated broader market valuations and muted Q3 earnings growth. Concerns over excessive valuations are expected to sustain the ongoing consolidation phase. Investor confidence was further undermined by the Fed’s statement that it is "not in a hurry to lower interest rates" and intends to "pause rate cuts to assess further progress in inflation." Additionally, uncertainty regarding the impact of metal tariffs added to market caution.

The upcoming release of US consumer price index (CPI) inflation data will provide further market direction, with prevailing expectations indicating minimal change in inflation, a scenario that could exert additional pressure on investor confidence.

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

 

3:45 PM

Stock Market LIVE Updates: M&M, Eicher Motors, BEL were among the top laggards on Nifty50

Stock Market LIVE Updates: While, M&M, Eicher Motors, BEL were among the top laggards on Nifty50, Bajaj Finserv, SBI Life, Shriram Finance were among the top winners. 

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3:42 PM

Stock Market LIVE Updates: Here's a look at Sensex gainers and loser at close

Stock Market LIVE Updates: M&M, ITC, IndusInd Bank were the top losers on Sensex. Conversely, Bajaj Finserv, Tata Steel, L&T were among the top gainers. 

3:40 PM

Stock Market LIVE Updates: A glance at broader market

Stock Market LIVE Updates: Broader market indices closed nearly half a percent lower. BSE Midcap closed 0.45 per cent lower while BSE Smallcap closed 0.49 per cent lower.

3:38 PM

Stock Market LIVE Updates: Nifty closes 26.55 pts lower at 23,045.25

Stock Market LIVE Updates: National Stock Exchange (NSE) Nifty50 closed 26.55 points or 0.12 per cent lower at 23,045.25. During the session, the index recorded an intraday low of 22,798.35.

3:35 PM

Stock Market LIVE Updates: Sensex settles 122.52 points or 0.16 per cent lower at 76,171.08

Stock Market LIVE Updates: After a volatile session, Indian benchmark indices closed in red. BSE Sensex at close was 122.52 points  or 0.16 per cent lower at 76,171.08. 

3:26 PM

Stock Market LIVE Updates: Cochin Shipyard share price falls 6% as ex-dividend date kicks in

Stock Market LIVE Updates: The share price of the state-owned Miniratna company, Cochin Shipyard, dropped by 6.20 per cent to Rs 1,244.10 per share on the National Stock Exchange (NSE) during intraday trading on Wednesday, February 12, 2025. This drop follows the company’s announcement of its second interim dividend for shareholders, as the stock traded ex-dividend on the same day. Read more 

3:19 PM

Stock Market LIVE Updates: View on AMFI numbers by ITI Mutual Fund

Stock Market LIVE Updates: In January 2025, volatility in the Indian equity markets, combined with geopolitical uncertainties and anticipation of the Union Budget, led to a decline in equity mutual fund AUM. This resulted in a reduction of Rs 1.1 trillion in the AUM of open-ended equity mutual funds but the flows were consistent with December 2024. Investors showed a preference for Large Cap and Flexi Cap funds.

Additionally, investors turned to ELSS funds to take advantage of the tax-saving benefits, reflected in a 14 per cent rise in gross flows into these funds. Investors preferred debt and hybrid funds in Jan’25, visible by the net positive flows in these categories to the tune of 1.3 trillion and 0.17 trillion respectively.

View by Jatinder Pal Singh, CEO, ITI Mutual Fund.