The Indian stock market closed lower on February 3, 2025, with the Sensex losing 319 points and the Nifty dropping 121 points; Bajaj Finance and ONGC among key movers.
The Indian stock market ended in the red on February 3, 2025, with both the Sensex and Nifty closing lower amid volatility. The Sensex lost 319.22 points (-0.41%) to settle at 77,505.96, while the Nifty 50 declined by 121.1 points (-0.52%) to close at 23,482.15.
Market Overview
The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) saw mixed performances across various indices. The broader market underperformed, with the Nifty Midcap 50 dropping 0.65% and the Nifty Small Cap 100 plunging 2.13%. The Bank Nifty, which tracks banking sector stocks, ended at 49,506.95 after touching an intraday high of 49,373.45 and a low of 48,906.05.
Top Gainers and Losers on Nifty 50
Among the top gainers in the Nifty 50 were:
- Bajaj Finance (+5.32%) – A leading non-banking financial company (NBFC) offering lending and investment services.
- Mahindra & Mahindra (+3.14%) – An automotive giant engaged in manufacturing SUVs, tractors, and other vehicles.
- Wipro (+2.89%) – A global IT services and consulting company.
- Shriram Finance (+2.70%) – A diversified financial services firm catering to retail and corporate lending.
- Bajaj Finserv (+2.33%) – A financial conglomerate providing insurance, lending, and wealth management services.
The top losers included:
- Larsen & Toubro (L&T) (-4.59%) – A major engineering and construction company with global operations.
- Oil & Natural Gas Corporation (ONGC) (-3.32%) – India’s largest oil and gas exploration and production company.
- Tata Consumer Products (-3.14%) – A leading FMCG firm involved in food and beverage products.
- Coal India (-2.93%) – The world’s largest coal producer, operating under the Ministry of Coal.
- Bharat Electronics (-2.71%) – A state-owned aerospace and defense electronics manufacturer.
Performance of Midcap and Small-Cap Stocks
In the Nifty Midcap 50, Voltas, UPL, SRF, and Oracle Financial Services Software were among the top gainers, while Hindustan Petroleum Corporation, Vodafone Idea, and Container Corporation of India were the biggest losers.
In the Nifty Small Cap 100, CEAT, Happiest Minds Technologies, and Ujjivan Small Finance Bank saw gains, while Housing & Urban Development Corporation (HUDCO), RITES, and Praj Industries witnessed sharp declines.
Sectoral Trends and Market Outlook
The market saw selling pressure in oil and gas, FMCG, and infrastructure stocks, while financial and IT sectors outperformed. Analysts believe that market movement in the coming days will depend on global economic trends, crude oil prices, and domestic policy decisions.
Investors are advised to stay cautious and track key economic data for further cues.
