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What happened in the Indian stock market today (24th Feb 2025)?

The Indian stock market has been on a rollercoaster ride, with the Sensex crashing over 800 points and Nifty slipping below 22,500 on February 24.

What happened in the Indian stock market today (24th Feb 2025)?

The BSE Sensex and NSE Nifty50 both closed significantly lower on Monday, marking a rough start to the trading week.

  • Sensex fell by 856.65 points (1.14%) to settle at 74,454.41, after trading in the range of 74,907.04 – 74,387.44.
  • Nifty50 declined by 242.55 points (1.06%) to close at 22,553.35, after hitting a high of 22,668.05 and a low of 22,518.80 during the session.
  • Nifty Smallcap100 and Midcap100: Fell 1.02% and 0.94%, respectively, signaling broader market weakness.

Impact on the stock market

Sectoral indices painted a grim picture as the majority ended in the red, barring FMCG and Auto stocks.

  • Nifty IT: The biggest loser, tumbling 2.71%, led by losses in LTTS, LTIMindtree, Wipro, and HCL Tech.
  • Nifty Pharma: Declined by 2.17%, impacted by overall market sentiment.
  • Nifty FMCG and Nifty Auto: The only two indices that closed in the green, benefiting from defensive buying.

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Sector/IndexPerformance
IT & BPM sector
-2.71
Healthcare sector-0.23%
Oil & Gas sector-1.10%
Real estate sector-0.81%
PSU Bank in India-0.29%

Top gainers today

CompanyPriceChange %
MM Share Price2,709.201.49
Dr Reddys Labs Share Price1,164.551.11
Eicher Motors Share Price5,010.800.97
Hero Motocorp Share Price3,884.850.84
Kotak Mahindra Share Price1,966.100.67

Top losers today

CompanyPriceChange %
Wipro Share Price295.05-3.69
HCL Tech Share Price1,644.05-3.33
TCS Share Price3,675.60-2.92
Infosys  Share Price1,764.10-2.80
Bharti Airtel  Share Price1,601.30-2.32

Market aftermath: Impact on stocks

NTPC Green Energy Plunges Over 6% as Lock-in Ends

Shares of NTPC Green Energy Ltd. slumped 6% to ₹99.18, extending its losses for the second session. The drop came as the three-month shareholder lock-in period ended, making 18.33 crore shares (2% of total equity) eligible for trading.

Despite the sell-off, the company’s fundamentals remain strong. It reported a 52.3% jump in net profit (₹89.4 crore) for the latest quarter and a 4.1% revenue growth year-on-year (₹460.9 crore). However, investor sentiment remained weak, as the stock is down 17% year-to-date.

Also read: NTPC Green Energy IPO Plans ₹10000 Crore Launch

FMCG and Pharma stocks show resilience amid market slump

While the overall market struggled, FMCG and Pharma stocks stood out as defensive plays, gaining amidst the turmoil. The Nifty FMCG index rose by 0.4%, with Varun Beverages, United Spirits, and United Breweries leading the charge.

The Nifty Pharma index also managed to stay afloat, gaining 0.2%, led by Natco Pharma, Glenmark Pharma, and Laurus Labs, which saw gains of up to 5%.

You may also read: List of FMCG Stocks in India 2025

Inox India shares fall 2% despite major industry milestone

Inox India became the first Indian firm to receive the IATF 16949 certification for cryogenic fuel tank manufacturing, a significant achievement in the automotive sector.

Despite this, the stock fell by 2%, extending its poor performance, with year-to-date losses now at 18%.

Crude oil prices fall amid hopes of supply resumption

Crude oil futures traded lower on Monday as reports suggested a likely resumption of oil exports from Kurdistan.

  • Brent crude (May futures): Down 0.23% at $73.88 per barrel.
  • WTI crude (April futures): Down 0.31% at $70.18 per barrel.
  • March crude oil futures (MCX): Down 0.80% at ₹6099, compared to the previous close of ₹6148.

The decline comes amid geopolitical shifts, including the US initiating talks with Russia regarding the ongoing Ukraine conflict. If successful, a peace deal could lead to an increase in Russian oil supply, impacting global prices further. Meanwhile, OPEC+ is debating whether to delay the return of 2.2 million barrels per day into the market, which could keep oil supply tight in the coming months.

Conclusion: What’s next for investors?

Monday’s market rout indicates growing caution among investors as uncertainties loom over global markets and economic data. The IT and Pharma sectors bore the brunt, while FMCG stocks acted as a safe haven.

Looking ahead, investors should watch out for global cues, oil price movements, and regulatory decisions in key sectors. While today’s decline may seem daunting, it also presents opportunities for long-term investors to pick quality stocks at attractive valuations.

Will the markets recover in the coming days, or is this just the beginning of a prolonged correction? Stay tuned for further updates!
For more stock market insights, check out the StockGro blog.

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