Finance
Stock Market Highlights, Tuesday, February 18, 2025: Benchmark market indices moved in a narrow band on Tuesday, but with a negative skew, following cues from global counterparts.
The BSE Sensex fell to a low of 75,531 before closing at 75,967, down 29 points. The NSE Nifty 50 reached a low of 22,801 and a high of 22,992 before closing the day at 22,945 – down 14 points.
Power generators NTPC and Power Grid Corporation were among the top performers in the Sensex 30 index, earning up to 3%. Tech Mahindra, Zomato, HCL Technologies, and Kotak Mahindra Bank were the other prominent players. IndusInd Bank, Hindustan Unilever, UltraTech Cement, Mahindra & Mahindra, and TCS all fell 1 – 2 percent.
In the broader market, the BSE MidCap index closed flat, while the BSE SmallCap index fell over 1.5 percent. The overall market breadth was negative at 3:1 in favor of bears, with roughly 3,000 equities falling on the BSE on Tuesday and 1,000-odd shares rising.
Small-cap stocks were expected to underperform for another trading day. PTC Industries was stuck at the 10% lower circuit. Carborundum Universal, Swan Energy, Data Patterns, Redington, Jyoti CNC, Garden Reach Shipbuilders, CreditAcess Garmin, and SPARC were also among the biggest losers, with losses ranging from 6 to 8%.
Source: BS
