February 17, 2025
New Delhi, India
Stock Market Today
The Indian stock market ended its eight-day losing streak on Monday, with the BSE Sensex edging up 57.65 points to 75,996.86 and the Nifty 50 gaining 30.25 points to close at 22,959.50. The volatile session saw a sharp intra-day drop of over 644 points, but late-session buying in blue-chip stocks helped indices recover.
Key Highlights:
- Sensex: +57.65 points (+0.08%) at 75,996.86
- Nifty 50: +30.25 points (+0.13%) at 22,959.50
- Market Range: Sensex dropped to an intra-day low of 75,294.76 before rebounding 702 points.
Sectoral Performance:
- Gainers:
- Pharma (+1.27%): Led by Glenmark Pharma and Ajanta Pharma.
- Metals, PSU Banks, and Consumer Durables also gained.
- Losers:
- Auto, IT, FMCG, and Media declined by 0.5% to 0.7%.
Stock Movers:
- Top Gainers:
- Adani Enterprises (+3.93%), Bajaj Finserv, IndusInd Bank, Power Grid Corporation.
- Top Losers:
- Mahindra & Mahindra (-3.45%), Bharti Airtel, Infosys, TCS, and ICICI Bank.
Market Breadth and Trends:
- NSE Market Breadth: 1,014 stocks gained, while 1,871 declined.
- Midcaps gained 0.39%, while smallcaps saw marginal growth of 0.04%.
What Drove the Market?
Value Buying in Blue-Chip Stocks:
Investors snapped up large-cap stocks like HDFC Bank and Reliance Industries, fueling the late-session recovery.Global Uncertainty and FII Outflows:
Foreign Portfolio Investors (FPIs) offloaded ₹4,294.69 crore on Friday, amid global trade concerns and disappointing earnings reports.Pharma and Metal Stocks Surge:
The Pharma index, up 1.27%, outperformed as investors sought defensive sectors.
Outlook:
The markets’ near-term trajectory will depend on global macroeconomic cues, FII activity, and domestic economic indicators. The gains in defensive sectors like pharma and banking suggest a cautious optimism amid broader market uncertainty.
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