The Indian stock market concluded the trading session with mixed results, as the Sensex ended at 73,085, slightly lower than its previous close. The Nifty 50 also closed at 22,119, reflecting a similar downtrend.
Key Gainers and Losers:
On the positive side, BEL led the gains with an increase of more than 4%, followed closely by Grasim, which rose by over 3%. Eicher Motors, JSW Steel, BPCL, and UltraTech Cement also saw notable gains of more than 2%. However, Bajaj Auto, Coal India, Reliance Industries, Bajaj Finance, HDFC Bank, and Adani Ports were among the major losers, contributing to the overall downtrend.
Sectoral Performance:
The Nifty Bank index closed at 48,114, with no significant gainers or losers. However, SBI showed a modest uptrend of more than 1%, accompanied by Federal Bank, Canara Bank, and Kotak Bank, which also ended in the green.
The Nifty Next 50 index ended higher, driven by RECLTD, which surged by more than 5%, and TVS Motor, VBL, Siemens, and Adani Green, each gaining over 4%. Other contributors to this uptrend included PFC, Vedanta, L&T, BHEL, and HAL.
The BSE 200 index also closed higher, with Tata International rising more than 6%, followed by Supreme Industries and Prestige, which gained more than 6% and 5%, respectively. VBL and RECLTD both rose by over 4%, while Siemens, TVS Motor, BEL, PFC, and Adani Green were also key contributors to this increase.
Overall, while the broader market indices ended lower, specific sectors and stocks demonstrated strong performance, indicating a mixed day for Indian equities.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
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Published on: March 2, 2025 at 08.05PM GMT.
Ratha Saptami Festival:
Today marks the celebration of Ratha Saptami, a significant Hindu festival dedicated to Lord Surya (the Sun God). Observed on the seventh day of the Magha month, it symbolizes the change of season to spring and the movement of the sun towards the northern hemisphere. Devotees across India perform special rituals and prayers on this day.
As stated in Bhagavad Gita : (Bhagavad Gita 18.78)
यत्र योगेश्वरः कृष्णो यत्र पार्थो धनुर्धरः।
Wherever there is Lord Krishna, the master of yoga, and Arjuna, the supreme archer, there also is victory.
