The BSE Sensex tumbled 824.29 points (1.08%) to close at 75,366.17, while the NSE Nifty50 dropped 263.05 points (1.14%) to settle at 22,829.15.
Throughout the session, Sensex traded within a range of 75,925.72 – 75,267.59, while Nifty recorded an intraday high of 23,007.45 and a low of 22,786.90.
Impact on the stock market
Sectoral indices under pressure
All sectoral indices on the NSE ended in negative territory, with losses reaching up to 4.73%. The biggest drag was the Nifty IT index, which fell 3.36%, led by losses in Coforge, Persistent Systems, and LTI Mindtree, which plunged by up to 5.19%. Broader markets also took a hit, as the Nifty Smallcap100 and Nifty Midcap100 indices lost 3.84% and 2.75%, respectively.
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| Sector/Index | Performance |
| IT & BPM sector | -3.36% |
| Healthcare sector | -2.40% |
| Oil & Gas sector | -2.24% |
| Real estate sector | 1.05% |
| PSU Bank in India | -0.97% |
Top gainers today
| Company | Price | Change % |
| ICICI Bank Share Price | 1,227.95 | 1.55 |
| Britannia Share Price | 5,176.25 | 1.46 |
| M&M Share Price | 2,831.60 | 1.08 |
| HUL Share Price | 2,392.85 | 1.05 |
| SBI Share Price | 749.20 | 0.68 |
Top losers today
| Company | Price | Change % |
| HCL Tech Share Price | 1,711.95 | -4.51 |
| Tech Mahindra Share Price | 1,653.90 | -4.01 |
| Wipro Share Price | 307.95 | -3.80 |
| Hindalco Share Price | 586.90 | -3.30 |
| Shriram Finance Share Price | 511.65 | -3.00 |
Market aftermath: Impact on stocks
LT Foods drops 9% on weak Q3 earnings
Shares of LT Foods slumped 9% after the company reported disappointing Q3 results. The company’s net profit fell 6% YoY to ₹ 143 crore, down from ₹ 152 crore in the same quarter last year.
The decline was primarily due to rising costs in raw materials, finance, and employee benefits. The selloff was intensified by higher trading volumes, with 11 lakh shares changing hands, more than double the one-month daily average of five lakh shares.
Adani Total Gas sees 19% drop in net profit
Adani Total Gas Ltd. reported a 19% YoY decline in net profit to ₹ 142.38 crore for Q3 FY25, compared to ₹ 176.64 crore in the same quarter last year. Sequentially, net profit was down 23.28% from ₹ 185.60 crore in Q2 FY25.
However, revenue from operations increased 12.61% YoY to ₹ 1,400.88 crore. Despite the revenue growth, the decline in profits led to a negative sentiment in the stock.
Also read: Adani Gas launches India’s largest Hydrogen Blending …
Canara Bank posts a 12% rise in net profit, but NII declines
Canara Bank reported a 12.25% YoY increase in standalone net profit to ₹ 4,104.20 crore for Q3 FY25, up from ₹ 3,656.12 crore in the same quarter last year. However, its Net Interest Income (NII) declined 2.85% YoY to ₹ 9,148.57 crore.
On the asset quality front, Gross NPA improved to 3.34% (from 4.39% in December 2023), while Net NPA dropped to 0.89% (from 1.32%). Despite profit growth, the drop in NII weighed on investor sentiment.
Crude oil: Global tensions impact prices
Crude oil prices saw their first weekly decline of the year, with ICE Brent settling 2.8% lower last week. The weakness extended into Monday’s trading session due to geopolitical developments. The US threatened tariffs and sanctions on Colombia, which retaliated with similar measures. This impacted crude oil supply from Colombia, one of the top four suppliers to the US.
- Brent crude oil futures fell 0.74% to $76.98 per barrel.
- WTI crude oil futures also declined 0.74% to $74.11 per barrel.
- In India, February crude oil futures on the MCX were trading at ₹6,413, down 0.22%.
Further pressure on oil prices came from China’s Manufacturing PMI, which declined to 49.1 in January 2025, indicating contraction. China, being a major crude oil consumer, could impact demand if economic growth slows down further.
Conclusion
The Indian stock market had a tough start to the week, with both Sensex and Nifty posting significant losses amid broad-based selling. The IT sector took the biggest hit, dragging the indices lower.
Earnings reports from LT Foods, Adani Total Gas, and Canara Bank impacted investor sentiment, while global crude oil prices remained under pressure due to geopolitical tensions and weakening Chinese manufacturing data.
Investors will now be keenly watching for further market cues, including global economic data, corporate earnings, and geopolitical developments, as they navigate the ongoing volatility.
For more stock market insights, check out the StockGro blog.
