Market Commentary     25-Feb-25
Mid-Session
Market turn rangebound; Auto shares climb for 2nd day
The key equity benchmarks traded near flat line in mid-morning trade. The Nifty hovered above 22,550 mark. Auto shares jumped for the second consecutive trading sessions.

At 11:25 IST, the barometer index, the S&P BSE Sensex, advanced 154.95 points or 0.21% to 74,613.72. The Nifty 50 index added 3.60 points or 0.02% to 22,556.95.

In the broader market, the S&P BSE Mid-Cap index fell 0.17% and the S&P BSE Small-Cap index declined 0.01%.

The market breadth was positive. On the BSE, 1,913 shares rose and 1,689 shares fell. A total of 171 shares were unchanged.

The stock market will be closed tomorrow, 26th February 2025, on account of Mahashivratri.

Buzzing Index:

The Nifty Auto index advanced 0.81% to 21,727.35. The index increased 1.03% in the two trading sessions.

Mahindra & Mahindra (up 2.76%), Ashok Leyland (up 1.77%), Maruti Suzuki India (up 0.76%), Exide Industries (up 0.59%), Balkrishna Industries (up 0.39%), TVS Motor Company (up 0.37%), Bosch (up 0.33%), Eicher Motors (up 0.21%), Bharat Forge (up 0.16%) advanced.

Stocks in Spotlight:

EFC (I) rose 1.30% after the company announced that it has incorporated a wholly-owned subsidiary (WOS), named EFC Estate 710 Alpha.

NTPC shed 0.97%. The company announced that it has signed multiple memorandums of understanding (MoUs) with the Madhya Pradesh government to invest over Rs 2 lakh crore in renewable energy projects.

Blue Cloud Softech Solutions declined 0.87%. The company said that it has secured a work order from Pinnacle Hospitals India for the implementation of its advanced outpatient management system (OMS) at Pinnacle Hospitals, Visakhapatnam.

Global Market:

US Dow Jones index futures were up 72 points, indicating a positive opening in the US stocks today.

Asian shares declined on Tuesday, driven by concerns over potential U.S. investment restrictions on Chinese technology sectors and anticipation of Nvidia's earnings. The Bank of Korea's expected 0.25% interest rate cut provided limited support to South Korean stocks.

Hong Kong's Hang Seng index continued its downward trend from Monday, following U.S. measures aimed at limiting Chinese investment in strategic areas like semiconductors, artificial intelligence, and aerospace.

Investor sentiment was further dampened by continued uncertainty surrounding potential U.S. tariffs on Mexico and Canada, despite prior hopes of negotiated resolutions.

U.S. indices finished lower on Monday, with tech stocks leading the decline. This followed sharp losses in the previous session, fueled by growing concerns about a potential slowdown in the U.S. economy, as indicated by weaker consumer sentiment data.

The S&P 500 fell 0.5% to 5,983.49 points, while the NASDAQ Composite slid 1.2% to 19,286.93 points. The Dow Jones Industrial Average closed up 0.1% at 43,461.95 points.

All eyes are now on Nvidia's quarterly earnings release, scheduled for after the U.S. market close on Wednesday. Investors are particularly focused on whether the company maintained its high growth trajectory driven by strong demand for its advanced artificial intelligence chips.

Previous News
  Board of NTPC appoints director
 ( Corporate News - 17-Apr-25   20:17 )
  Tata Power gains as arm inks pact with NTPC for 200 MW FDRE project
 ( Hot Pursuit - 15-Apr-25   09:44 )
  Tata Power Renewable Energy signs power purchase agreement with NTPC
 ( Corporate News - 14-Apr-25   20:03 )
  Tata Power’s arm inks pact with NTPC for 200 MW FDRE project
 ( Hot Pursuit - 14-Apr-25   14:40 )
  NTPC commissions 90MW Dayapar Wind Energy Project Phase-I at Dayapar, Bhuj
 ( Corporate News - 08-Apr-25   19:15 )
  GE Power spurts on bagging Rs 38 crore order from NTPC
 ( Hot Pursuit - 03-Apr-25   12:40 )
  NTPC announces cessation of senior management personnel
 ( Corporate News - 01-Apr-25   12:12 )
  NTPC announces commercial operation of Kerandari Coal Mining Project
 ( Corporate News - 24-Mar-25   19:27 )
  NTPC jumps on plan to raise funds via debentures
 ( Hot Pursuit - 19-Mar-25   15:09 )
  EFC Group acquires 26,500 sq.ft. commercial office space in Pune
 ( Corporate News - 17-Mar-25   14:16 )
  Indices trim some losses; IT shares tumble for 3rd day
 ( Market Commentary - Mid-Session 11-Mar-25   10:37 )
Other Stories
  Benchmarks trade with moderate losses; pharma shares decline
  25-Apr-25   14:34
  Nifty trades below 24,050; European mrkt opens higher
  25-Apr-25   13:34
  Sensex slumps 946 pts; Nifty below 23,950; VIX soars 5%
  25-Apr-25   12:35
  Market under pressure; PSU Bank shares drop for 3rd day
  25-Apr-25   11:32
  Market trade lower; media shares decline
  25-Apr-25   10:36
  Indices edge lower; breadth strong
  25-Apr-25   09:39
  Indices extend losses; Nifty slips below 24,250 mark
  24-Apr-25   14:33
  Nifty trades below 24,300; European mrkt opens lower
  24-Apr-25   13:36
  Sensex tumbles 301 pts; FMCG shares slides; VIX jumps 2.74%
  24-Apr-25   12:33
  Indices trade lower; pharma shares rally for 5th day
  24-Apr-25   11:32
Back Top