The BSE Sensex dropped 424.90 points (-0.56%) to settle at 75,311.06, while the Nifty 50 declined 117.25 points (-0.51%) to close at 22,795.90.
India’s benchmark indices opened weaker on Friday, tracking declines in Asian markets. The drop extended this month’s losses, fueled by worries over possible US retaliatory tariffs and persistent foreign outflows, weighing on investor confidence.
Hindalco and Tata Steel emerged as the top gainers, with Hindalco rising 2.09% to ₹652.15 and Tata Steel gaining 1.85% to ₹140.60. Strong trading volumes, particularly for Tata Steel, which saw over 4.19 crore shares exchanged, contributed to their upward momentum.
On the flip side, M&M and Adani Ports were among the top losers, with M&M falling 6.20% to ₹2,663.50 and Adani Ports slipping 2.67% to ₹1,082. Weak investor sentiment and sectoral pressures likely contributed to their declines.
The Nifty Midcap Select index fell 1.69% to 11,198.90, while the Nifty Microcap 250 slipped 0.51% to 20,758.10, reflecting cautious investor sentiment in smaller stocks.
The Nifty Pharma index dropped 1.92% to 20,385.65, likely due to profit booking and sectoral weakness. On the other hand, Nifty Metal rose 1.02% to 8,609.70, driven by strong demand and positive global cues.
As of February 21, 2025, at 04:10 PM, Brent Crude was trading at $75.87, down by 0.80%.
The Indian stock market ended on a weaker note on February 21, 2025, with both Sensex and Nifty extending their recent losses amid global uncertainties and foreign outflows.
Broader market indices also reflected caution, with midcaps and microcaps seeing declines, while the metal sector remained a bright spot. Moving forward, investors will closely watch global developments, particularly trade policies and foreign investment trends, for market direction.
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 21, 2025, 4:17 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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