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Closing Bell: Sensex Falls 857 pts, Nifty Below 22,600 as IT Stocks Drag on February 24, 2025

Written by: Kusum KumariUpdated on: Feb 24, 2025, 4:03 PM IST
Indian markets ended lower as Sensex dropped 857 pts to 74,454 and Nifty fell 243 pts to 22,553. IT stocks led declines, while auto and FMCG sectors stayed positive.
Closing Bell: Sensex Falls 857 pts, Nifty Below 22,600 as IT Stocks Drag on February 24, 2025
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The Indian stock market ended lower on Monday, with both the BSE Sensex and NSE Nifty50 dropping over 1%. The Sensex fell by 856.65 points (1.14%), closing at 74,454.41 after trading between 74,907.04 and 74,387.44.

Similarly, the Nifty50 declined by 242.55 points (1.06%), finishing at 22,553.35. It reached a high of 22,668.05 and a low of 22,518.80 during the session.

Top Gainers and Losers

The market saw 38 out of 50 Nifty50 stocks end in the red. Tech stocks led the losses, with Wipro, HCL Tech, TCS, Infosys, and Bharti Airtel declining up to 3.70%.

On the other hand, Mahindra & Mahindra, Dr Reddy’s Labs, Eicher Motors, Hero MotoCorp, and Nestle India gained up to 1.54%.

Broader Market and Sectoral Performance

  • Nifty Smallcap100 dropped 1.02%, while Nifty Midcap100 fell 0.94%.
  • Most sectors ended in the red, except Nifty Auto and FMCG, which managed to stay positive.

The market sentiment remained bearish as investors booked profits, leading to widespread declines across most sectors.

Oil Prices

As of February 24, 2025, at 03:45 PM, Brent Crude was trading at $74.40, down by 0.04%.

Conclusion

The stock market faced a broad decline on Monday, with major indices and most sectors closing in the red. Profit booking and weakness in IT stocks weighed on sentiment, while select auto and FMCG stocks provided some support. With global factors also in focus, investors will be watching key economic indicators for market direction in the coming sessions.

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 24, 2025, 4:03 PM IST

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.

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