- BSE Sensex: Opened at 74,834, dipped to 74,521, and closed almost flat at 74,612, gaining just 10 points.
- NSE Nifty 50: Moved in a narrow band of 100 points, hitting a high of 22,613 and a low of 22,508 before closing at 22,545, barely changed from the previous session.
While the indices showed resilience, the broader market wasn’t as lucky.
- The BSE MidCap index dropped 1%.
- The BSE SmallCap index tumbled 2%.
- Market breadth was highly negative, with over 460 stocks touching their 52-week lows.
Additionally, more than 466 stocks hit their 52-week lows, including SBI, Tata Motors, Adani Green Energy, Bharat Forge, Canara Bank, Dr. Reddy’s Laboratories, Hero MotoCorp, and Varun Beverages.
Impact on the stock market
Sectoral indices ended on a mixed note, with banking stocks providing some relief, while auto, realty, and media stocks faced steep losses.
- Gainers:
- Nifty Bank: +0.28%
- Nifty Private Bank: +0.23%
- Losers:
- Nifty Media: -3.58% (Biggest sectoral loser)
- Nifty Auto: -1.51%
You may also like: Case Study: Long-Term Gains from India’s Top Performing Stocks
| Sector/Index | Performance |
| IT & BPM sector | -0.47% |
| Healthcare sector | -0.33% |
| Oil & Gas sector | -0.43% |
| Real estate sector | -2.09% |
| PSU Bank in India | -1.09% |
Top gainers today
| Company | Price | Change % |
| Shriram Finance Share Price | 606.80 | 5.67 |
| Bajaj Finserv Share Price | 1,925.55 | 2.69 |
| Bajaj Finance Share Price | 8,705.40 | 2.55 |
| Sun Pharma Share Price | 1,647.50 | 2.10 |
| Hindalco Share Price | 631.95 | 2.02 |
Top losers today
| Company | Price | Change % |
| UltraTech Cement Share Price | 10,447.65 | -4.71 |
| Trent Share Price | 4,805.30 | -3.12 |
| Bajaj Auto Share Price | 8,232.35 | -2.20 |
| Jio Financial Share Price | 221.70 | -2.04 |
| Tata Motors Share Price | 648.55 | -1.97 |
Market aftermath: Impact on stocks
AI stocks drop after Nvidia’s results
Indian AI-focused stocks saw a 5% decline after Nvidia’s Q4 results. While Nvidia reported a 78% surge in revenue, concerns about shrinking profit margins (down from 73.5% to 71%) spooked investors.
- Anant Raj, E2E Networks, and Black Box all declined up to 5%.
- Nvidia’s supplier, TSMC, dipped 0.47%, while Samsung Electronics and SK Hynix saw slight drops of 0.18% and 1%, respectively.
Also read: Nvidia’s soaring stock value and AI dominance
NBFC and MFI stocks soar after RBI’s risk weight revision
The Reserve Bank of India (RBI) reduced the risk weight on loans to NBFCs and micro-finance institutions (MFIs), providing a much-needed breather to the sector. Stocks that benefited:
- CreditAccess Grameen: +15%
- Bandhan Bank: +8%
- AU Small Finance Bank & Fusion Finance: Up to 8%
- Shriram Finance: +5%
You may also like: How Indian Monetary Policy Influences the Stock Market
Titagarh Rail slips as Morgan Stanley cuts target price
Shares of Titagarh Rail Systems fell 2.5% to ₹757 after Morgan Stanley cut its target price from ₹1,300 to ₹1,090, though it maintained an “overweight” call.
- The passenger rail segment has faced execution delays due to design modifications in the Vande Bharat project.
- The freight division is struggling with low supply of wheelsets from Indian Railways.
- The stock has dropped nearly 50% in six months, underperforming the Nifty 50’s 10% decline.
Also read: Titagarh Rail Stock Drops Below Rs 800 After 15 Months
Crude oil prices climb after US revokes Chevron’s Venezuela licence
Oil futures rose after US President Donald Trump revoked Chevron’s license to operate in Venezuela.
- Brent Oil Futures (May): $72.28 (+0.29%)
- WTI Crude Oil Futures (April): $68.74 (+0.17%)
- MCX Crude Oil (March): ₹6,022 (+0.37%)
The decision comes as part of a broader move by the US to impose stricter sanctions on Iran and Venezuela, affecting oil supply dynamics.
Meanwhile, US crude oil inventories fell by 2.3 million barrels, reinforcing supply concerns.
Conclusion
While the benchmark indices saw minimal movement, there was plenty of action beneath the surface. NBFC and microfinance stocks surged on the RBI’s policy change, while AI stocks slumped post Nvidia’s earnings report. Titagarh Rail struggled with execution challenges, and crude oil prices ticked up due to geopolitical developments.
As we move ahead, investors will closely watch global tech earnings, domestic policy decisions, and crude oil movements for the next big market shift.
For more stock market insights, check out the StockGro blog.
