In the recent trading session, the stock market witnessed a downturn, with the BSE Sensex falling by 160 points and the Nifty hovering around the 22,900 mark. This dip was primarily influenced by declines across various sectoral indices, with particular weaknesses observed in the auto, public sector banks, metals, media, capital goods, and consumer durables sectors, each dropping by approximately 1 percent.
The broader market also felt the pressure, as evidenced by the BSE Midcap index shedding 1 percent of its value, while the Smallcap index experienced a more significant decline of 2 percent. Among the sectors facing the downturn, only the IT sector managed to resist the negative trend, showcasing some resilience amidst the widespread losses.
Several prominent names found themselves on the list of top losers within the Nifty. Bharat Electronics, Trent, Tata Motors, IndusInd Bank, and Mahindra & Mahindra all endured setbacks, contributing to the downward momentum of the market. On the flip side, a few entities managed to swim against the current, with Tech Mahindra, Wipro, Apollo Hospitals, NTPC, and HDFC Bank registering gains during this challenging session.
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Feb 18, 2025, 1:31 pm IST
Smallcap and Midcap Indices Sink 2% Due to Selling Spree
In the face of a market downturn, analysts have pinpointed the small-cap and mid-cap segments as the most vulnerable. Kotak Institutional Equities has specifically highlighted that these areas of the market are bracing for the most significant impact during the current correction period. Early trading on February 17 witnessed a notable decline, with the Nifty Smallcap 100 and Nifty Midcap 100 indices each dropping by nearly two percent. This downward trend is in stark contrast to the relatively mild half a percent decrease seen in the benchmark Nifty 50 index.
Feb 18, 2025, 12:50 pm IST
Vedanta's 2% Stock Dip
On the brink of a pivotal meeting, the stock value of Vedanta Limited, a leading metals and mining conglomerate, saw a downturn during Tuesday's trading session on February 18. This decline came in anticipation of a crucial gathering of the company's shareholders and creditors, convened to deliberate on the proposed restructuring strategy for Vedanta. Despite opening at a marginally higher rate of ₹419.50 compared to its last close of ₹415.10, the shares faced a downturn, touching a low of ₹405.25 within the day. This meeting, aimed at discussing the demerger plan, signifies a potential reshaping of Vedanta's business framework, which could lead to its various segments operating as independent entities.
The demerger proposal, initially unveiled in January through a notification to the exchanges, outlined a scheme for rearrangement involving Vedanta and five of its subsidiaries, including Vedanta Aluminium Metal Ltd and Vedanta Iron and Steel Ltd. This strategic move, subject to approval by a majority of creditors representing three-fourths in debt value, seeks to segregate Vedanta into distinct business units, enhancing operational efficiency. Originally designed to create six standalone entities, the plan underwent a revision in December, deciding to retain the base metals business under Vedanta Limited itself.
Feb 18, 2025, 11:56 am IST
Stock Market LIVE Updates: GMR Airports Reports Impressive Growth in January 2025
GMR Airports Ltd. shares drop 1.17% today. In January 2025, the aviation sector experienced a significant year-on-year growth in passenger numbers, with a total of 1.06 crore passengers traveling, marking an 11% increase from the same month in the previous year. Despite this notable annual growth, there was a slight decline of 2% in passenger traffic when compared to December 2024, indicating a minor fluctuation in travel patterns.
The breakdown of traffic reveals that both segments of the market witnessed positive growth. Domestic travel saw an 11% rise, while international passenger numbers were even more robust, with a 12.4% increase from the year before.
Feb 18, 2025, 11:46 am IST
Stock Market Live Updates: Thomas Cook India Partners with Sabah Tourism Board for Exciting Travel Opportunities
Thomas Cook India and SOTC Travel, has forged a new alliance with the Sabah Tourism Board from Malaysia. This partnership aims to enhance destination awareness and create engaging content designed to educate and inspire. Additionally, it will include a series of educational, training, and familiarization initiatives, coupled with collaborative marketing efforts. The primary goal is to elevate Sabah's status as a premier destination among travelers from India's metropolitan, mini-metropolitan, and Tier 2 and 3 regions.
This collaborative effort marks a significant step towards promoting Sabah, located on the island of Borneo, as a key travel destination for Indian tourists. By leveraging joint marketing strategies, the partnership intends to capture the attention of a vast audience across various Indian cities and towns. This initiative not only aims to boost Sabah's tourism sector but also to offer Indian travelers unique and enriching travel experiences.
Feb 18, 2025, 11:03 am IST
Stock Market Live Updates: SBI Cards Appoints Salila Pande as New MD & CEO
SBI Cards and Payment Services Ltd. Shares Fall 0.49% Today. The Company appoints Salila Pande as the Managing Director & CEO for a term of two years, starting April 1, 2025, following the board's approval. This decision comes in the wake of Abhijit Chakravorty's retirement, who will leave his position at the State Bank of India by March 31, 2025. Pande's appointment, which also has the backing of the State Bank of India, is pending the green light from the necessary authorities. Alongside this leadership transition, the board announced a Rs 2.50 per share interim dividend for the fiscal year 2025.
Feb 18, 2025, 10:46 am IST
Stock Market Updates: KIMS Takes Charge of UAIMS Hospital Operations
The Krishna Institute of Medical Sciences (KIMS) has expanded its healthcare network by managing UAIMS Hospital (Ushahkal Abhinav Institute of Medical Sciences) located in Sangli, Maharashtra. This collaboration marks a significant step for KIMS, granting it the option, though not the obligation, to secure a majority share in UAIMS Hospital in future years. Following this partnership, the hospital will undergo a rebranding to be recognized as KIMS-UAIMS Hospital.
This move is seen as a strategic advancement for KIMS in reinforcing its presence in the healthcare sector by integrating UAIMS Hospital into its fold. It signifies a growing trend of healthcare networks expanding through partnerships and acquisitions, aiming to provide enhanced medical services by pooling resources and expertise.
Feb 18, 2025, 10:26 am IST
Stock Market Live Updates: Uno Minda Forms Joint Venture for High-Voltage Powertrain Innovations
Uno Minda Ltd.'s share price drops 1.36% today. Now Uno Minda Ltd signed a Joint Venture Agreement with Uno Minda Auto Innovations, Suzhou Innovance Automotive Co., and Innovance Automotive (HK) Investment Co. The collaboration aims to focus on the creation and production of high-voltage powertrain components. These components are designed specifically for passenger vehicles (PV) with four wheels and electric commercial vehicles. This partnership marks a significant step towards advancing the electric vehicle sector by enhancing the capabilities and efficiency of electric transport solutions. Through this agreement, the consortium is set to bring forward innovative powertrain technologies that promise to elevate the performance and reliability of electric vehicles.
Feb 18, 2025, 10:06 am IST
Market Updates: Sensex and Nifty Show Resilience as Markets Remain Flat
The Sensex experienced a minor decrease, dropping 12.86 points to close at 75,984.00, a decline of 0.02 percent. Similarly, the Nifty fell by 27.05 points, marking a 0.12 percent reduction to settle at 22,932.45. The market saw a mix of performances with 971 shares making gains, while 2167 shares faced declines, and 129 shares remained steady without any change.
Feb 18, 2025, 9:56 am IST
Stock Market Live Updates: Bajaj Consumer Care Q3 FY25 Results
“Bajaj Consumer Care’s Q3FY25 revenue fell 2% YoY, broadly in line with our estimates, but EBITDA/PAT declined 27.2%/30.4% YoY, below our/consensus estimates. Volumes posted a low single-digit decline YoY while broadly remaining flat QoQ. The company took price hikes of 5% in Q3FY25 and a similar hike in early Q4FY25. Higher copra prices and staff cost (up 9.5% YoY) dented EBITDA margins by 388bp YoY to 11.2%. It acquired a 100% stake in Banjaras’s brand—a south India Based natural brand in personal care for INR1.2bn (EV/Sales ~2x).” by Nuvama institutional equities
Feb 18, 2025, 9:39 am IST
Stock Market Live Updates: Reliance Industries Acquires 100% Stake in Lakadia B Power Transmission for INR 67.3 Million
Reliance Industries has acquired 100% equity stake of Lakadia B Power Transmission (LPTL) for an aggregate consideration of INR 67.3 mn. With this acquisition, LPTL has become a wholly owned subsidiary of the company. Earlier, the company's board had approved the acquisition of 100% equity stake of Lakadia B Power Transmission from REC Power Development and Consultancy in accordance with the terms of the tender awarded to the company for establishment of Transmission System for Augmentation of transformation capacity at 765/400kV Lakadia Substation for an aggregate consideration not exceeding INR 80 mn.
Maharashtra Krishna Valley Development Corporation, Pune has declared, a Mumbai based infrastructure company, Patel Engineering Limited (“Company” or “PEL”) along with its JV partner, as L1 for a Rs. 1,090.45 crore contract for the works involving Construction of Pipe Line Distribution Network for Nira Deoghar Right Bank Main Canal Km 87 to Km 135 and its Distributaries, Minors offtaking between Km 65 to Km 135. The project is to be completed in a period of 36 months. The said project is located in the state of Maharashtra, Village – Kalaj, Taluka - Phaltan, District – Satara and the project is to be executed in a Joint Venture, of which PEL’s share is 20%.
Feb 18, 2025, 9:32 am IST
Stock Market Live Update: Market In The Opening Bell
Equities Market Today opened on a flat note influenced by Asian equities. At the opening bell, the Sensex stood at 75,858.28, down 138.58 points or 0.18%, while the Nifty 50 slipped 60.70 points or 0.26%, trading at 22,898.80.
Feb 18, 2025, 9:08 am IST
Stock Market Live Update: Bank Nifty Outlook By Nirmal Bang Securities
“Bank Nifty’s next immediate support is around 49200 levels on the downside and on a decisive close below expect a fall to 49000-48740 There is an immediate resistance at 49740-50000 level. “
Feb 18, 2025, 9:07 am IST
Stock Market Live Update: Nifty Technical Outlook By Nirmal Bang Securities
“Nifty is expected to open on a flattish note and is likely to witness range bound move during the day. On technical grounds, Nifty has an immediate support at 22900. If nifty closes below that, further downside can be expected towards 22840-22770 mark. On the flip side 23040-23100 will act as strong resistance levels. It’s a stock specific market trade call with strict stop loss. “
Feb 18, 2025, 9:05 am IST
Stock Market Live Update: Market Recap from Previous Close
On Monday, the equity market opened on a weak note, experiencing a sharp decline in early trade. However, as the session progressed, a strong recovery took place by the afternoon, reversing the earlier losses. By the end of the trading session, the Sensex rose 57.65 points or 0.08%, closing at 75,996.86, while the Nifty 50 gained 30.25 points or 0.13%, finishing at 22,959.50. As per a report from Nirmal Bang Securities, the buying was mainly seen in Pharmaceuticals, Metals, Oil & Gas Sectors. Nifty Feb Futures closed at 23026.40 (up 30.75 points) at a premium of 66.90 pts to spot. FIIs were net sellers in Cash to the tune of 3937.83 Cr and were net buyers in index futures to the tune of 588.31 Cr. India VIX increased by 4.71% to close at 15.72 touching an intraday high of 16.31.
Feb 18, 2025, 9:05 am IST
Sensex & Nifty in Focus: Tracking Market Trends Live
Good morning! Welcome to our Stock Market Live Blog, your go-to source for real-time updates from Dalal Street. As the Sensex and Nifty set the tone for today's trading session, we’ll bring you the latest market trends, key movements, and expert insights to help you stay ahead. Stay with us for live updates, stock recommendations, sectoral analysis.
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