The Indian stock market saw a significant decline on February 24, 2025, as the Sensex dropped by 857.72 points to close at 75,735.96, and the Nifty 50 lost 251.7 points, settling at 22,795.9. Mahindra & Mahindra and Dr Reddy’s Laboratories emerged as top gainers, while Wipro and HCL Technologies led the losers’ list.
The Indian stock market experienced a sharp decline as benchmark indices Sensex and Nifty 50 closed in the red, reflecting global market concerns and sectoral weakness. Mahindra & Mahindra and Dr Reddy’s Laboratories stood out among the gainers, while major IT stocks, including Wipro and HCL Technologies, dragged the market down.
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), India’s premier stock exchanges, saw a turbulent session as investors reacted to ongoing global economic concerns. The Sensex dropped 857.72 points (-1.14%) to 75,735.96, while the Nifty 50 fell 251.7 points (-1.1%) to 22,795.9.
Market Performance Overview
- The Nifty 50 saw a high of 22,668.05 and a low of 22,548.35 before closing at 22,795.9.
- The Sensex fluctuated between 74,901.66 and 74,503.09 before settling at 75,735.96.
- The Bank Nifty ended at 48,981.2, with a weekly gain of 2.39%.
Top Gainers on February 24, 2025
- Mahindra & Mahindra – Up 1.49%
- Dr Reddy’s Laboratories – Up 1.12%
- Hero Motocorp – Up 0.94%
- Eicher Motors – Up 0.85%
- Kotak Mahindra Bank – Up 0.69%
Top Losers on February 24, 2025
- Wipro – Down 3.70%
- HCL Technologies – Down 3.44%
- Tata Consultancy Services – Down 2.91%
- Infosys – Down 2.81%
- Oil & Natural Gas Corporation – Down 2.36%
MidCap and SmallCap Performance
- Nifty MidCap 50 underperformed, closing 1.15% lower.
- Nifty SmallCap 100 declined by 0.87%, showing resilience compared to the broader market.
Sectoral Trends
The IT sector was the worst performer of the day, with major tech stocks such as Wipro, HCL Technologies, and Infosys posting significant losses. The banking and auto sectors, however, saw selective buying interest, with Kotak Mahindra Bank and Mahindra & Mahindra registering gains.
Investor Sentiment and Outlook
Market analysts attribute the decline to weak global cues, rising US bond yields, and concerns over an economic slowdown. With upcoming financial results and macroeconomic data releases, market participants remain cautious about near-term trends.
