On February 10, 2025, Indian stock markets ended lower In a significant escalation of his trade policy, US President Donald Trump revealed, the United States would impose a 25% tariff on all steel and aluminum imports, with additional metal duties expected to be announced later in the week.
The BSE Sensex closed at 77,311.80, marking a decline of 548.39 points, or 0.70%, reflecting overall market weakness. Similarly, the Nifty 50 ended at 23,381.60, down by 178.35 points, or 0.76%.
Throughout the trading session, the Nifty 50 experienced fluctuations, opening at 23,543.80, peaking at 23,568.60, and dipping to a low of 23,316.30.
Among the gainers, Kotak Bank saw an increase of 1.74%, closing at ₹1962.85. Bharti Airtel also posted a gain of 1.06%, ending at ₹1694.5, the leading telecom service provider, is exiting from the low-margin commodity voice and messaging business
On the losing side, Trent saw a significant decline of 4.48%, closing at ₹5210, with a trading volume of 15,29,751 shares. PowerGrid followed with a drop of 3.27%, ending at ₹269.05.
Tata Steel lost 3.18%, closing at ₹133.91. ONGC also experienced a decline, with a 2.43% drop, closing at ₹242.85. These stocks saw significant sell-offs during the session.
The Nifty Midcap and Smallcap indices dropped by 2% each. All sectoral indices closed lower, with metal, media, pharma, consumer durables, energy, and realty sectors falling by 2% each.
As of February 10, 2025, at 04:30 PM, Brent Crude was trading at $75.6, up by 1.26%.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 10, 2025, 5:12 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
