Closing Bell: Sensex Falls 857 pts, Nifty Below 22,600 as IT Stocks Drag on February 24, 2025

The Indian stock market ended lower on Monday, with both the BSE Sensex and NSE Nifty50 dropping over 1%. The Sensex fell by 856.65 points (1.14%), closing at 74,454.41 after trading between 74,907.04 and 74,387.44.

Similarly, the Nifty50 declined by 242.55 points (1.06%), finishing at 22,553.35. It reached a high of 22,668.05 and a low of 22,518.80 during the session.

Top Gainers and Losers

The market saw 38 out of 50 Nifty50 stocks end in the red. Tech stocks led the losses, with Wipro, HCL Tech, TCS, Infosys, and Bharti Airtel declining up to 3.70%.

On the other hand, Mahindra & Mahindra, Dr Reddy’s Labs, Eicher Motors, Hero MotoCorp, and Nestle India gained up to 1.54%.

Broader Market and Sectoral Performance

• Nifty Smallcap100 dropped 1.02%, while Nifty Midcap100 fell 0.94%.
• Most sectors ended in the red, except Nifty Auto and FMCG, which managed to stay positive.

The market sentiment remained bearish as investors booked profits, leading to widespread declines across most sectors.

Oil Prices

As of February 24, 2025, at 03:45 PM, Brent Crude was trading at $74.40, down by 0.04%.

Conclusion

The stock market faced a broad decline on Monday, with major indices and most sectors closing in the red. Profit booking and weakness in IT stocks weighed on sentiment, while select auto and FMCG stocks provided some support. With global factors also in focus, investors will be watching key economic indicators for market direction in the coming sessions.

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