The Sensex fluctuated between 77,387.28 (high) and 76,030.59 (low) before closing in the red.
The Nifty50 hit a high of 23,390.05 but also dipped to a low of 22,986.65 before settling lower.
Over the last five trading sessions, the Sensex has shed 2,290 points, reflecting investor concerns.
The selloff was widespread, with 44 out of 50 Nifty50 stocks ending in the red.
Impact on the stock market
Sectoral performance:
All major sectoral indices ended in the red, indicating broad-based selling pressure across industries:
- Nifty Smallcap100: Down 3.45%
- Nifty Midcap100: Down 3.02%
- Nifty PSU Bank, Auto, Healthcare, Realty, and Media indices: Fell up to 3.28%
- Nifty IT, FMCG, and Consumer Durables indices: Declined over 1% each
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| Sector/Index | Performance |
| IT & BPM sector | -1.47% |
| Healthcare sector | -2.49% |
| Oil & Gas sector | -1.93% |
| Real estate sector | -3.07% |
| PSU Bank in India | -2.15% |
Top gainers today
| Company | Price | Change % |
| Adani Enterpris Share price | 2,321.75 | 1.35 |
| Grasim Share price | 2,491.45 | 0.74 |
| Trent Share price | 5,228.35 | 0.61 |
| Bharti Airtel Share price | 1,696.75 | 0.22 |
Top losers today
| Company | Price | Change % |
| Eicher Motors Share price | 4,972.35 | -6.80 |
| Apollo Hospital Share price | 6,317.35 | -6.57 |
| Shriram Finance Share price | 538.55 | -3.97 |
| Coal India Share price | 359.00 | -3.10 |
| Bharat Elec Share price | 265.05 | -3.07 |
Market aftermath: Impact on stocks
Torrent Power Drops 4% After Downgrade by Morgan Stanley
Torrent Power witnessed a sharp 4.2% decline, touching an intraday low of ₹1,292 after global brokerage Morgan Stanley downgraded its rating to “equal-weight” from “overweight.”
- Morgan Stanley had earlier assigned a target price of ₹2,026, but it has now been slashed to ₹1,413, signaling a limited upside of just 4.8% from current levels.
- Despite its strong Q3 earnings—a 31% YoY surge in net profit to ₹489 crore—investors reacted negatively to the brokerage downgrade, leading to today’s sell-off.
- Torrent Power’s stock is down nearly 12% year-to-date.
Devyani International Plunges 5% on Q3 Loss
Shares of Devyani International, the operator of Pizza Hut and KFC, tumbled 5% to ₹169 after the company posted a net loss of ₹49.2 lakh in Q3FY25, reversing from a ₹9.6 crore profit last year.
- Despite a 53% YoY jump in revenue to ₹1,294 crore, the stock fell due to a ₹2.9 crore forex loss.
- Same-store sales for KFC declined 4.4%, marking the second consecutive quarter of decline.
- The stock has fallen 6% since the start of the year, reflecting weak investor sentiment.
C2C Advanced Systems Hits Lower Circuit on Auditor’s Findings
C2C Advanced Systems saw its shares hit the 5% lower circuit at ₹697.20, following an independent audit inquiry that flagged financial misrepresentations in its Red Herring Prospectus (RHP).
- Investor complaints led to SEBI directing a review of financial disclosures, uncovering discrepancies in related-party transactions.
- The company underreported its loans payable, listing ₹13.29 lakh in the RHP instead of ₹13 crore.
- Market capitalization plunged to ₹1,160.22 crore as investor confidence took a severe hit.
Also read: SEBI Delays C2C SME Listing Over Auditor Issue – StockGro
Crude Oil Prices Edge Higher Amid Russian Output Cuts
Crude oil prices saw a modest rise as reports indicated that Russian oil output in January was below its OPEC+ target.
- Brent crude oil futures: $76.14, up 0.36%
- WTI crude oil futures: $72.56, up 0.33%
- MCX crude oil futures (February contract): ₹6,310, down 0.43%
The Biden administration’s sanctions on Russian oil firms also contributed to the supply concerns, further impacting crude prices. Meanwhile, U.S. President Donald Trump’s recent trade tariff policies on steel and aluminum imports have added fresh uncertainty to global trade markets.
Conclusion
The Indian stock market had a tough trading session, with major indices sinking over 1% and sectoral indices all in the red. Midcap and smallcap stocks were hit the hardest, while investor sentiment remained cautious amid global uncertainties, including U.S. tariff moves and geopolitical concerns.
Key stocks such as Torrent Power, Devyani International, and C2C Advanced Systems faced significant declines due to negative brokerage actions, weak earnings, and regulatory issues. Meanwhile, crude oil prices inched higher, reflecting concerns over Russia’s lower-than-expected output and recent U.S. sanctions.
Going forward, investors will be closely watching global economic developments and domestic corporate earnings to gauge market direction. The question remains: Is this downturn a sign of deeper correction, or will we see a rebound in the coming sessions?
For more stock market insights, check out the StockGro blog.
