The Indian stock market faced a downturn on 10 February 2025, with the Sensex and Nifty indices closing lower due to global uncertainties and weak earnings. Kotak Mahindra Bank and Bharti Airtel were the top gainers, while Trent and Power Grid Corporation of India were the biggest losers.
India’s stock market experienced fluctuations on 10 February 2025, with the Sensex dropping by 548.39 points to settle at 77,860.19, a 0.7% decline. Meanwhile, the Nifty lost 178.35 points, or 0.76%, to close at 23,559.95. Both indices witnessed a volatile session, reflecting investor sentiment amid global uncertainties and subdued domestic corporate earnings.
Kotak Mahindra Bank and Bharti Airtel Lead Gains
Among the top gainers on the Nifty index were Kotak Mahindra Bank, which saw an increase of 1.60%, and Bharti Airtel, which rose by 0.97%. Kotak Mahindra Bank, a prominent private-sector bank in India, is known for its strong banking services, investment solutions, and robust financial products. Bharti Airtel, one of India’s leading telecom operators, has made substantial strides in expanding its customer base and infrastructure, particularly in the 4G and broadband segments.
Trent and Power Grid Among the Biggest Losers
On the flip side, Trent Ltd. faced a sharp decline of 4.72%, while Power Grid Corporation of India fell by 3.40%. Trent, a key player in the Indian retail sector with its presence through brands like Westside, has faced challenges amid changing consumer preferences and market dynamics. Power Grid Corporation, an integral part of India’s power transmission sector, has seen a dip in its stock amid the market downturn.
Performance Recap of the Major Indices
The broader markets followed a similar trend, with the Nifty Midcap 50 and Nifty Small Cap 100 indices seeing notable declines. The Nifty Midcap 50 slipped 2.26%, while the Nifty Small Cap 100 dropped by 2.11%. The day’s fluctuations were indicative of investor caution, with larger-cap stocks like Kotak Mahindra Bank and Bharti Airtel holding up better than smaller companies.
Sensex and Nifty Trends
The Sensex, tracking the performance of the top 30 companies on the Bombay Stock Exchange (BSE), exhibited significant volatility during the day. The Nifty, tracking the top 50 companies on the National Stock Exchange (NSE), faced similar challenges, closing lower at 23,559.95. The Nifty saw varying returns across different time frames, with a 2.3% gain over the past week but a 2.14% decline over the past three months.
Sector Performance: Bank Nifty and Others
The Bank Nifty ended at 50,158.85, up slightly from its intraday low of 49,703.1, reflecting mixed investor sentiment in the banking sector. Despite the overall decline, some banking stocks, such as Kotak Mahindra Bank and ICICI Bank, showed resilience.
Key Stock Highlights
- Top Gainers on the Sensex: Kotak Mahindra Bank (up 1.20%), Bharti Airtel (up 0.90%), ICICI Bank (up 0.48%), Tech Mahindra (up 0.41%), HCL Technologies (up 0.40%).
- Top Losers on the Sensex: Power Grid Corporation of India (down 3.45%), Tata Steel (down 3.11%), Titan Company (down 2.83%), Bajaj Finance (down 2.15%), NTPC (down 2.07%).
Broader Market Trends
- Nifty MidCap 50: PB Fintech and Cummins India stood out among the gainers, while Alkem Laboratories, Max Healthcare, and Persistent Systems led the losses.
- Nifty Small Cap 100: Redington India and Tata Teleservices Maharashtra were among the top gainers, while Ujjivan Small Finance Bank and Five Star Business Finance experienced losses.
BSE and NSE Performance
On the BSE, Achyut Healthcare saw an increase of 4.60%, while on the NSE, Signatureglobal India rose by 5.02%. However, on both exchanges, stocks like JM Financial and Max Healthcare suffered significant declines.
This detailed performance of the stock market on 10 February 2025 showcases the volatility and challenges that the Indian market is facing amidst ongoing global uncertainties and macroeconomic pressures.
