-1739962411479.webp)
- By Aditya Pratap Singh
- Wed, 19 Feb 2025 04:24 PM (IST)
- Source:JND
Stock Market Closing Bell: Indian markets closed near flat as they witnessed a volatile trading session on Wednesday, February 19, seeing early sharp losses that were quickly reversed. Sensex, the 30-share index of BSE, fell 28.21 points, or 0.04 per cent, to settle at 75,939.18. It had touched an intraday high of 76,338.58 and a low of 75,581.38 during the trading hour. Meanwhile, the Nifty50, the 5o share index of NSE, fell 12.40 points, or 0.05 per cent, to 22,932.90.
Tata Consultancy Services and Infosys ended day trade in red from the Sensex pack, falling over 2 per cent. Hindustan Unilever, Sun Pharma, Bharti Airtel, Bajaj Finserv, Mahindra & Mahindra, HCL Tech, Power Grid and Tech Mahindra settled in green.
Among the gainers, Zomato rose nearly 5 per cent, Larsen & Toubro, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and IndusInd Bank were also among the gainers.
In Asian markets, Seoul and Shanghai settled in positive territory, while Tokyo and Hong Kong settled in red. Meanwhile, European markets were trading lower. US markets ended in positive territory on Tuesday.
Also Read: Stock Market: Sensex, Nifty Settle Flat Amid Volatile Trade
Foreign institutional investors turned buyers on Tuesday as they bought equities worth Rs 4,786.56 crore, according to exchange data.
The BSE Smallcap gauge rose 2.41 per cent and the Midcap index 1.30 per cent. Global benchmark Brent crude oil rose 0.65 per cent to $76.33 per barrel.
After a day of breathing space, the Sensex closed down 29.47 points, or 0.04 per cent, at 75,967.39 on Tuesday. The Nifty fell 14.20 points, or 0.06 per cent, to 22,945.30.
Strength in the financials was the primary cause of the recovery, as those stocks were able to counter weakness in the pharma and IT sectors. Analysts say it was this uncertainty over tariffs that has prompted investors to shift their focus toward financials.
