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I) Nifty: opened at 22609 and touched a high of 22668, then a low of 22518 and closed at 22553 with a total of -242 points in Negative.
II) Bank Nifty: opened at 48619 and touched a high of 48748, then a low of 48281, and closed at 48651 with a total of -326 points Negative.
III) CNX Finance: opened at 22996 and touched a high of 23049, then a low of 22842, and closed at 22995, with a total of -179 points in Negative.
IV) Nifty Mid Select: open 11096 and touched a high of 11165, then a low of 11008 and closed at 11726, With a total of -72 points in Negative.
1. Happiest Minds Technologies Share Price Highlights Happiest Minds Technologies stock price went up today, 24 Feb 2025, by 7.09 %. The stock closed at 672.40 per share. The stock is currently trading at 720.05 per share. Investors should monitor Happiest Minds Technologies' stock price closely in the coming days and weeks to see how it reacts to the news.
24 February 2025 Market Recap – Key Highlights of the Indian Stock Market
On 24 February 2025, the Indian stock market showed a mixed performance, with both major indices, the BSE Sensex and the NSE Nifty 50, declining by about 1%. The Sensex closed at approximately 74,450 points, while the Nifty settled around 22,550, marking an 8-month low. The drop in these indices was mainly attributed to continued outflows from Foreign Institutional Investors (FII) and increasing concerns about the growth prospects of the US economy.
The primary factor behind the downturn was the persistent FII outflows, which have been weighing on market sentiment for some time. Investors' caution, particularly in the face of global economic uncertainties, led to reduced buying activity in Indian stocks. This decline in FII investments contributed significantly to the negative performance of the stock market.
Adding to the pressure, concerns about the US economic growth also weighed heavily on the Indian market. With growing apprehension regarding the pace of recovery in the US economy, investors were nervous about the potential ripple effects on global markets, including India. These concerns further amplified the risk aversion in the stock market.
Sectoral performance was varied on the day, with IT and Financials sectors experiencing sharp declines. HCL Technologies, a major player in the IT sector, saw a notable drop of around 3.3%. This contributed significantly to the overall negative market sentiment, as the tech sector, which has been a major growth driver in recent years, showed signs of weakness.
The Energy and Infrastructure sector also faced difficulties, with NTPC, a leading player in the sector, dropping by 1.79%. This decline reflected the broader sectoral weakness across multiple industries. The Banking sector showed mixed results, with State Bank of India (SBI) seeing a slight dip of 0.71%. However, compared to some of its peers, SBI demonstrated relatively better resilience, showing that the banking sector's performance was not uniformly negative on the day.
