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Indian Indices

I) Nifty: opened at 23649 and touched a high of 23694, then a low of 23443 and closed at 23559 with a total of -43 points in Negative.

II) Bank Nifty: opened at 50484 and touched a high of 50641, then a low of 49871, and closed at 50158 with a total of -223 points Negative.

III) CNX Finance: opened at 23724 and touched a high of 23780, then a low of 23410, and closed at 23539, with a total of -120 points in Negative.

IV) Nifty Mid Select: open 11983 and touched a high of 12104, then a low of 11898 and closed at 12011, With a total of +38 points in Positive.

NSE Advance and Decline

Nifty 500 Top Gainer Market

1. Godfrey Phillip:- Gulf Oil Lubricants India Ltd, Aarti Pharmalabs Ltd, JM Financial Ltd and TD Power Systems Ltd are among the other gainers in the BSE's 'A' group today, 07 February 2025.

2. Bharti Hexacom:- Indus Towers shares in focus after acquisition of Bharti Airtel, Bharti Hexacom assets worth ₹3,308 crore The boards of Bharti Airtel and Bharti Hexacom have also approved the sale of telecom towers for ₹2,147.6 crore and ₹1,134 crore respectively.

Nifty 500 TOP LOSER Market

1. NCC:- NCC Ltd shares fell 14.6% after reporting a 12.5% YoY drop in Q3 net profit to Rs 193.2 crore. EBITDA declined 16.6%, with margins contracting to 7.9%. Revenue rose slightly to Rs 5,344.5 crore. The stock has dropped 31.8% in six months, though analysts remain largely positive.

2. Sonata:- Sonata Software shares plunged 15.1% after reporting a 1.4% sequential decline in Q3 profit to Rs 105 crore, impacted by margin erosion due to a top-client ramp-down. Revenue rose 14% YoY to Rs 2,842.8 crore. The company expects a revenue dip in Q4 but anticipates AI-driven growth.

Sectoral Performance

Outperforming stocks vs. nifty 500 over 1 week

Underperforming Stock vs Nifty 500 over 1 week

Stock With Rising Volume

Headlines

On February 7, 2025, the Indian stock market experienced notable movements influenced by key economic decisions and corporate earnings reports.

Market Overview:

• Benchmark Indices: The BSE Sensex rose by 234.12 points (0.30%) to close at 78,199.11, while the Nifty 50 increased by 91.85 points (0.39%) to settle at 23,707.90. moneycontrol.com

Sectoral Performance:

• Gainers: Oil & Gas, Real Estate, Energy, Banking, Metal, and Pharma sectors saw gains ranging from 0.5% to 1%.
• Lagging Sector: The IT sector was the only major sector to close in the red.

Stock-Specific Highlights:

• ONGC: Shares of Oil and Natural Gas Corporation surged, leading the list of top gainers on the Nifty.
• Reliance Industries: The conglomerate's stock also saw a significant uptick, contributing to the positive momentum in the Energy sector.
• HCL Technologies and TCS: Both IT giants experienced declines, aligning with the overall downturn in the IT sector.
• State Bank of India (SBI): SBI's stock fell by 2.03%, closing at ₹737.05, underperforming compared to its peers. marketwatch.com
• Dr Reddy's Laboratories: The pharmaceutical company's stock saw a modest increase of 0.37%, closing at ₹1,240.65, despite a generally negative trading session. marketwatch.com

Economic Influences:

The Reserve Bank of India's decision to cut the repo rate by 25 basis points to 6.25% played a significant role in shaping market sentiment. This move, aimed at stimulating economic growth, provided a boost to rate-sensitive sectors such as financials, auto, and real estate.

reuters.com

Overall, the market's positive performance was driven by gains in specific sectors and stocks, while the RBI's monetary policy decision provided additional support.

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