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I) Nifty: opened at 23761 and touched a high of 23773, then a low of 23556, and closed at 23603 with a total of -92 points in Negative.
II) Bank Nifty: opened at 50468 and touched a high of 50553, then a low of 50149, and closed at 50382 with a total of +39 points Positive.
III) CNX Finance: opened at 23705 and touched a high of 23734, then a low of 23571, and closed at 23660, with a total of -4 points in Negative.
IV) Nifty Mid Select: open 12170 and touched a high of 12180, then a low of 11946 and closed at 111973, With a total of -119 points in Positive.
1. GlaxoSmithKline:- GlaxoSmithKline Pharmaceuticals experienced notable activity on February 6, 2025, with consecutive gains over two days. The stock outperformed its sector and the Sensex, despite facing challenges over the past month. Moving averages indicate mixed signals regarding its short- and long-term performance within the pharmaceutical industry.
2. Castrol:- Castrol India Ltd is quoting at Rs 206, up 6.16% on the day as of 12:49 IST on the NSE. The stock was up 3.86% last year as compared to a 7.61% slide in NIFTY and a 15.15% slide in the Nifty Energy index.
1. Trent:- Trent reported its December quarter results on Thursday, which were in-line with already subdued expectations. Margins remained flat, while revenue and profit growth were as per what the street was anticipating.
2. Solar Ind:- Solar Industries shares fell today with over 12,000 shares changing hands on the BSE as against a two-week average volume of 4,000 shares
On February 6, 2025, Indian equity markets experienced a significant downturn, with the BSE Sensex dropping by 1,258 points (1.59%) to 77,964.99, and the Nifty50 falling by 388.70 points (1.62%) to 23,616.05. The sharp decline reflects broader market volatility and investor caution, influenced by various global and domestic factors. This downturn serves as a reminder for investors to stay alert to changing market conditions.
In terms of sectoral performance, Apollo Hospitals, Tata Consumer Products, and Titan Company were among the top gainers, showing resilience in an otherwise weak market. These stocks benefited from specific sectoral trends and investor interest. However, they were exceptions in a largely bearish trading session.
On the other hand, stocks like Tata Steel, Trent, and BPCL saw significant declines, contributing to the overall negative sentiment in the market. These companies were heavily impacted by both domestic and international developments, including fluctuations in commodity prices and regulatory changes.
Additionally, several sectoral indices such as Nifty PSU Bank, Nifty MidSmall Financial Services, and Nifty Realty ended in the red. These sectors, which are sensitive to economic cycles and global cues, struggled due to weakening investor confidence and market uncertainty.
The broad-based market downturn underscores the importance for investors to monitor both global cues and sector-specific developments closely. As volatility persists, staying informed about market movements and adjusting investment strategies accordingly will be key to navigating this challenging period.
