The BSE Sensex closed at 75,996.86, up 57.65 points (0.08%) from the previous close. The index had fallen to an intra-day low of 75,294.76, meaning it bounced back by 702.10 points from the bottom. Over the last eight trading sessions, the Sensex had lost 2,645 points (3.4%), making today’s gain a much-needed breather.
Similarly, the NSE Nifty50 ended the day at 22,959.50, up 30.25 points (0.13%). The index moved between 22,974.20 and 22,725.45 during the session, reflecting volatility.
The broader market also showed signs of recovery. The Nifty Midcap100 closed 0.39% higher, while the Nifty Smallcap100 ended with marginal gains of 0.04%.
Impact on the stock market
Sectoral performance:
The sectoral indices had a mixed day, with some industries seeing strong gains while others struggled:
- Top Gainers:
- Pharma: The Nifty Pharma index gained 1.27%, driven by strong performances from Glenmark Pharma and Ajanta Pharma.
- Banks, Financial Services, Healthcare, OMCs, Consumer Durables, and Metals also ended higher.
- Top Losers:
- Auto, FMCG, IT, and Media sectors saw declines of up to 0.71%.
The bounce-back was mainly driven by a strong performance in pharmaceuticals and financial stocks, while IT and auto stocks remained under pressure.
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| Sector/Index | Performance |
| IT & BPM sector | -0.58% |
| Healthcare sector | 1.31% |
| Oil & Gas sector | 0.70% |
| Real estate sector | 0.01% |
| PSU Bank in India | 0.54% |
Top gainers today
| Company | Price | Change % |
| Adani Enterpris Share Price | 2,223.70 | 3.30 |
| Bajaj Finserv Share Price | 1,894.85 | 2.91 |
| IndusInd Bank Share Price | 1,048.25 | 2.33 |
| Power Grid Corp Share Price | 263.20 | 2.27 |
| Shriram Finance Share Price | 550.35 | 2.08 |
Top losers today
| Company | Price | Change % |
| M&M Share Price | 2,831.95 | -3.76 |
| Bharti Airtel Share Price | 1,675.55 | -2.42 |
| Wipro Share Price | 305.35 | -0.89 |
| TCS Share Price | 3,904.50 | -0.77 |
| Infosys Share Price | 1,842.30 | -0.76 |
Market aftermath: Impact on stocks
Godfrey Phillips soars 44% in two days.
Shares of Godfrey Phillips continued their impressive rally, surging 20% to Rs 7,170 apiece on Monday. Over the past two days, the stock has skyrocketed 44%, driven by robust Q3 earnings.
The company reported a 48.7% YoY rise in net profit, reaching Rs 316 crore, while revenue from operations increased 27.3% YoY to Rs 1,591 crore. Its EBITDA also saw a sharp rise of 57.6% to Rs 359 crore, with margins expanding by 440 basis points to 22.6%.
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Glenmark Pharma rises 4% on strong Q3 and FY26 guidance
Glenmark Pharma’s stock gained 4%, reaching Rs 1,379 per share, after the company reported a turnaround in its financials. The drugmaker posted a consolidated net profit of Rs 348 crore, compared to a loss of Rs 351 crore in the same quarter last year.
Its net sales rose 34% to Rs 3,302 crore, driven by strong performance in the Indian market. Additionally, Glenmark’s management indicated that their North America business is expected to gain momentum from FY26 onwards, further boosting investor confidence.
GSK Pharma jumps 20% on brokerage upgrades
GSK Pharma saw a 20% surge, with shares trading at Rs 2,421, after receiving positive ratings from major brokerage firms.
- ICICI Securities raised its FY25-26 earnings estimates by 5-6%, upgrading the stock to ‘Add’ with a target price of Rs 2,250.
- Motilal Oswal also increased its earnings estimates for the company by 2-7% for FY25-FY27, citing growth in cancer therapy and vaccines. Their target price for GSK Pharma is Rs 2,170.
However, despite the strong Q3 results, GSK Pharma’s stock slipped 2% later in the day, indicating some profit-booking by investors.
Crude oil market trends
Crude oil prices remained stable amid potential Russia-Ukraine peace talks.
- Brent crude oil futures were at $74.82, up 0.11%.
- WTI crude oil futures were at $70.76, up 0.07%.
In the domestic market:
- February crude oil futures on MCX were at ₹6,143, slightly lower than the previous close of ₹6,149.
- March futures were at ₹6,162, down 0.05%.
There are growing speculations that peace talks between Russia and Ukraine may take place in Saudi Arabia, but no official confirmation has been made. If the war ends, it could lead to the lifting of sanctions on Russia, boosting global oil supply and possibly stabilizing prices.
Conclusion
The Indian stock market finally ended its losing streak, but the sustainability of this recovery remains uncertain. While pharma and financial stocks provided a much-needed boost, IT and auto stocks continue to lag. The crude oil market remains on edge with geopolitical developments, adding another layer of uncertainty.
For investors, it’s a time to stay cautious and watch market trends closely. Will the bulls take charge in the coming sessions, or is this just a temporary relief rally? Stay tuned for more updates!
For more stock market insights, check out the StockGro blog.
