Market Close
The Indian stock Market ended in marginal gains on Feb 27, 2025, with Sensex gaining 10.31 points at 74,612.43 (+0.01%), Nifty 50 dipping 2.50 points at 22,545.05 (-0.01%). This rather flat performance came on the back of gains mostly in banking and financial stocks, balanced out by losses in the automobile sector.
Index Performance
- Nifty Bank closed at 48,743.80, up 0.28%.
- Nifty Midcap 50 closed at 13,824.45 declining 0.84%.
- Nifty Midcap 100 slipped -1.14%.
Highlights Of The Day
- Sectoral Highlight: Bank and financial shares witnessed heat, while the automobile sector struggled. The Nifty Auto index fell 1.8%, buoyed by worries of tariffs on European cars. In contrast, banks and NBFCs gained after the RBI lifted additional risk weights for bank lending to A-rated and above NBFCs.
- Top gainers in the Sensex pack included Bajaj Finance, IndusInd Bank, Bajaj Finserv, Tata Steel and HDFC Bank, rising up to 2%. Another stock that saw heavy gains and moved to the top gainers list was Shriram Finance after the RBI's decision led to a jump in the share price.
- Under-performers: UltraTech Cement, Kotak Bank, Power Grid, NTPC are losers. UltraTech Cement stock down 5%, after company announced entry into wires and cables segment
- Wider Market Trends: The wider market showed pressure with the Nifty Midcap 100 dropping more than 1% and Smallcap 100 crashing 2%. The advance-decline was weighted in favor of sellers, signaling broadly weaker conditions for the market.
Conclusion
Sector-wise, metals and auto gained, while telecom and realty closed in the negative on February 27, 2025, as the Indian stock market ended flat, tracking global cues and domestic policy measures. On the other hand, while the banking and finance sectors performed strongly, concerns about tariffs and the entrance of new players in various industries drove significant declines in other sectors.
Disclaimer: This is not a recommendation to buy or sell a stock.
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