The BSE Sensex rebounded by 147.71 points (0.20%), closing at 74,602.12. The benchmark index had lost a massive 1,542 points in the last five sessions, making today’s recovery a much-needed breather.
On the other hand, the NSE Nifty50 ended almost flat, shedding just 5.80 points (-0.03%) to settle at 22,547.55. The index touched an intraday high of 22,625.30 and a low of 22,516.45 during the session.
Broader markets underperformed:
- Nifty Midcap 100 fell 0.62%.
- Nifty Smallcap 100 declined 0.44%.
Impact on the stock market
The sectoral indices ended on a mixed note, with some sectors posting gains while others struggled.
Sectors that gained:
- Nifty Auto: Gained 0.84%, driven by optimism in the automobile sector.
- Nifty FMCG: Showed resilience with positive buying interest.
- Nifty Select Financial Services: Benefited from strong investor confidence.
- Nifty Media: Witnessed an uptick due to improved market sentiment.
- Nifty Consumer Durables: Gained amid positive demand outlook.
Sectors that declined:
- Nifty Metal: Fell 1.54%, making it the worst-performing sector.
- Nifty PSU Bank: Declined as banking stocks faced selling pressure.
- Nifty IT: Continued its downward trend amid weak global tech outlook.
- Nifty Realty: Dropped as investor sentiment remained cautious in the real estate space.
- Nifty OMCs (Oil Marketing Companies): Struggled due to concerns over crude oil prices.
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| Sector/Index | Performance |
| IT & BPM sector | -0.80% |
| Healthcare sector | -0.56% |
| Oil & Gas sector | -1.13% |
| Real estate sector | -1.31% |
| PSU Bank in India | -1.22% |
Top gainers today
| Company | Price | Change % |
| MM Share Price | 2,777.85 | 2.53 |
| Bharti Airtel Share Price | 1,641.40 | 2.50 |
| Bajaj Finance Share Price | 8,488.80 | 1.60 |
| Nestle Share Price | 2,250.40 | 1.35 |
| Maruti Suzuki Share Price | 12,476.35 | 1.06 |
Top losers today
| Company | Price | Change % |
| Hindalco Share Price | 619.45 | -3.50 |
| Dr Reddys Labs Share Price | 1,128.15 | -3.13 |
| Trent Share Price | 4,959.90 | -2.09 |
| Sun Pharma Share Price | 1,613.60 | -1.58 |
| Hero Motocorp Share Price | 3,828.25 | -1.46 |
Market aftermath: Impact on stocks
Bharti Airtel rallies 3% after partnership with Ericsson
After six straight sessions in the red, Bharti Airtel surged 2.98%, hitting an intraday high of ₹1,649.15 on the NSE. The rally was fueled by the announcement of a new partnership with Ericsson to advance Airtel’s 5G Standalone (5G SA) transition.
According to Airtel’s exchange filing, this collaboration will enable a seamless transition to a full-scale 5G Standalone network, enhancing service capabilities and improving customer experience. The news triggered a strong buying interest in Airtel’s stock, helping it become one of the top gainers of the day.
Also read: Bharti Airtel Stock Analysis by Ketan Mittal (SEBI RA)
Thangamayil Jewellery hits 20% upper circuit on strong sales
Thangamayil Jewellery Ltd’s stock skyrocketed 20%, touching an intraday high of ₹1,863.05 per share after impressive opening-day sales at its new Chennai showroom.
The company reported sales worth ₹16.12 crore on the showroom’s opening day (February 23, 2025), attracting 7,250 customers. This led to renewed investor optimism, sending the stock to its upper circuit limit.
Additionally, the company reported strong Q3 earnings, with:
- Net sales at ₹1,132.46 crore, up 26% YoY.
- Net profit at ₹48.19 crore, a 72% jump YoY.
Investors saw this as a sign of sustained growth, driving the stock higher.
360 ONE WAM jumps 4% after positive brokerage outlook
Shares of 360 ONE WAM gained 4% in today’s trade after Citi and Motilal Oswal issued bullish projections following the company’s recent acquisition of Batlivala & Karani Securities (B&K) for ₹1,884 crore.
- Citi maintained a “Buy” rating with a ₹1,275 price target, forecasting 15-20% broking revenue growth over the next three years, with B&K contributing 75% to this growth.
- Motilal Oswal set a target price of ₹1,250, predicting a 15-25% revenue CAGR over the next 3-5 years.
The acquisition is expected to boost earnings per share (EPS) by 3-5%, reinforcing investor confidence.
Crude oil: Government’s big push for domestic oil tanker production
The Indian government is planning a major push for oil tanker production, aiming to reduce reliance on imports and protect energy security from geopolitical risks.
Key highlights:
- India currently imports nearly all of its oil tankers.
- The Shipping Ministry will fund oil tanker projects via SPVs (Special Purpose Vehicles), bringing together stakeholders like SCI (Shipping Corporation of India), Oil Marketing Companies (OMCs), and financial institutions.
- The total project cost for 100 oil tankers over the next 5-10 years is estimated at ₹25,000–30,000 crore.
- The Ministry may take up 49% equity in SPVs, with its contribution capped at 15% of the total project cost.
- Funding will be sourced from financial institutions, sovereign funds, and private investors.
This move could significantly reduce India’s $100 billion oil import bill, which includes ship chartering and insurance costs.
Additionally, Cochin Shipyard Limited (CSL) has signed an MoU with A.P. Moller-Maersk to explore opportunities in shipbuilding and repair, further boosting India’s maritime capabilities.
Conclusion
The Indian stock market saw a mixed session today, with the Sensex recovering slightly while the Nifty50 remained flat. Sectoral performance was divided, and broader markets continued their underperformance.
Bharti Airtel (+3%) – Gained on its 5G partnership with Ericsson.
Thangamayil Jewellery (+20%) – Hit the upper circuit on strong showroom sales.
360 ONE WAM (+4%) – Jumped on positive brokerage projections post-B&K acquisition.
Meanwhile, the government’s move to promote domestic oil tanker production is a strategic step that could reduce import dependency and enhance India’s energy security.
With the stock market closed tomorrow for Maha Shivaratri, investors will be keenly watching how global markets perform and what cues they provide for the next trading session.
For more stock market insights, check out the StockGro blog.
