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I) Nifty: opened at 22433 and touched a high of 22450, then a low of 22104 and closed at 22124 with a total of -420 points in Negative.
II) Bank Nifty: opened at 48437 and touched a high of 48574, then a low of 48078, and closed at 48344 with a total of-399 Negative.
III) CNX Finance: opened at 23034 and touched a high of 23128, then a low of 23925, and closed at 23028, with a total of -144 points in Negative.
IV) Nifty Mid Select: open 10883 and touched a high of 11889, then a low of 11677 and closed at 11770, with a total of -186 point in Negative.
1. Home First Finance Company India Ltd. witnessed a significant increase in its share price, rising by 6.83% to reach a high of 993.30 after opening at 911.50. This substantial jump reflects positive market sentiment driven by recent developments in the company’s financial performance and strategic initiatives. To grasp the reasons behind this surge and its implications, it’s essential to delve into both the technical and fundamental aspects driving this trend.
2. Craftsman Automation has demonstrated strong performance, gaining 6.91% on February 28, 2025, and outperforming its sector amid a broader industry decline. The stock has consistently risen over four days, accumulating a total return of 9.76%, contrasting sharply with the declining Sensex.
1. BSE Limited shares fell 11 percent to Rs 4,583 amidst a market rout. Sensex dropped 1,400 points, and Nifty50 fell below 22,150 due to Trump's tariffs, FII selling, and weak global cues.
2. Redington, a midcap IT Hardware company, saw a decline on February 28, 2025, amid broader sector challenges. Despite this downturn, the company has performed well over the past month, significantly outperforming the Sensex. Its stock trends indicate mixed signals, reflecting market volatility and recent resilience.
On Friday, February 28, 2025, Indian stock markets experienced a significant decline, with the S&P BSE Sensex falling 1.9% to close at 73,198.10 and the NSE Nifty 50 dropping 1.86% to settle at 22,124.70. This downturn marks the fifth consecutive monthly loss for the Nifty 50, its longest losing streak since 1996.
The decline was broad-based, with all 13 major sectors ending in the red. The Information Technology (IT) sector was particularly affected, as the Nifty IT index fell 4.5% to a six-month low, influenced by concerns over a slowing U.S. economy.
Notable corporate movements included Tech Mahindra Ltd., whose shares dropped 6.19% to ₹1,488.90, underperforming its peers.
marketwatch.com Additionally, Dr. Reddy's Laboratories Ltd. saw a decline of 0.73% to ₹1,117.65, though it managed to outperform the broader market.
In other news, Angel One, a prominent Indian brokerage firm, reported a security breach involving its Amazon Web Services resources. The company has engaged an external forensic partner to assess the impact and has assured clients that their accounts remain secure.
Overall, the Indian stock market has seen a 15% decline since its peak in September 2024, erasing nearly $1 trillion in investor wealth. Foreign investors have withdrawn approximately $25 billion from Indian equities during this period, contributing to the market's downward trajectory.
Indian Stock Market Faces Significant Downturn Amid Global Concerns
Indian shares slide 1% on fears of trade war, slowing US economy
Todayreuters.comIndian stocks' worst run in 29 years, wiping $1 trillion in wealth, may yet have legsTodayreuters.comIndia's Angel One says assessing impact after security breachToday
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