Stock Market Today: Nifty, Sensex Extend Losses To Third Day As HDFC Bank, ICICI Bank Share Prices Drag

The NSE Nifty Finance declined the most, while the NSE Nifty Metal rose the most.

(Photo source: Vishal Patel/NDTV Profit)

The GIFT Nifty was trading near 22,900 in early trade Thursday. Bharat Forge Ltd., Mahindra & Mahindra Ltd., and Waaree Energies Ltd. share prices may react. The GIFT Nifty was trading 0.10% or 23 points lower at 22,936.00 as of 6:30 a.m.
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US Futures Decline 

As of 3:26 p.m., the Dow Jones Industrial Average and S&P 500 futures ended 0.12% and 0.18% lower, respectively. The Nasdaq 100 future ended 0.22% down.

Economic Data Releases And Events For Feb 20

  • UK: Confederation of British Industry Industrial Order Expectation — 4:30 p.m.

  • US: Weekly Unemployment Claims — 7:30 p.m.

  • US: Federal Reserve Bank of Chicago President Austan Goolsbee will speak at the Chicagoland Chamber of Commerce — 8:05 p.m.

  • Europe: Consumer Confidence — 8:30 p.m.

  • US: Conference Board Leading Index — 8:30 p.m.

  • US: Energy Information Administration Weekly Natural Gas Storage Report — 9:00 p.m.

  • Europe: Deutsche Bundesbank President Joachim Nagel will speak at at the Karlsruhe Institute of Technolog — 9:30 p.m.

  • US: EIA Weekly Crude Oil Inventories — 10:30 p.m.

  • US: Federal Reserve Bank of St. Louis President Alberto Musalem will speak at the Economic Club of New York — 10:35 p.m.

Rupee Ends Stronger Against Dollar

  • Rupee strengthened by 29 paise to close at 86.66 against the US Dollar.

  • It closed at 86.95 on Wednesday.

Source: Bloomberg

Market At Close 

The NSE Nifty 50 and BSE Sensex extended losses to a third day.

The indices ended 0.09% and 0.27% down, respectively.

Shriram Finance Ltd., NTPC Ltd., and Mahindra & Mahindra Ltd. were top gainers in the Nifty 50 index.

HDFC Bank Ltd., Maruti Suzuki India Ltd., and Tech Mahindra Ltd. were top losers in the Nifty 50 index.

The NSE Nifty Finance declined the most, while the NSE Nifty Metal rose the most.

Stock Market Live Update: Paytm Launches Solar SoundBox

Paytm has launched a solar soundbox for merchants, which can be quickly charged with minimal sunlight, ensuring uninterrupted digital payments.

European Market Update: Most Share Indices Rise 

Most markets were trading higher on Thursday. Market participants hope for enhanced defense spending in the backdrop of US asking European nations to chart out a plan to secure Ukraine.

The Stoxx 50 and CAC were trading 0.30% and 0.36% higher, respectively.

Stock Market Live Update Piramal Pharma Share Price Jumps Nearly 13%

Piramal Pharma Ltd. share price jumped 13.62% to Rs 227.70 apiece. It was trading 9.11% higher at Rs 218.67 apiece, compared to 0.12% decline in the NSE Nifty 50 index.

Stock Market Today: Railtel Corp Gets Order Worth Rs 22.4 Crore 

RailTel Corp has secured an order worth Rs 22.4 crore from the High Court of Jammu and Kashmir and Ladakh.

Intellect Design's Unit Secures Order Worth Rs 200 Crore 

Intellect Design Arena's subsidiary, IntellectAI, has secured a multi-year order worth Rs 200 crore for its underwriting ecosystem.

Stock Market Today: Tata Power Partners With Amazon Web Series 

Tata Power has partnered with Amazon Web Services to drive consumer-centric energy transition.

Stock Market Live Update: L&T Gets Orders From Hindalco Industries 

Larsen & Toubro has received a significant order, valued between Rs 2,500 crore to Rs 5,000 crore, from Hindalco to set up an alumina refinery in Odisha.

Stock Market Live: Ramco Systems To Provide Its Service To Fly Vaayu 

Fly Vaayu has selected Ramco Systems for its next-generation aviation software.

Stock Market Live Update Today: IdeaForge Tech Invests $1.8 Million In US 

IdeaForge Tech has invested $1.8 million in US-based Vantage Robotics.

Stock Market Today: GE Power India Gets Order Worth Rs 40 Crore 

GE Power India Ltd. has secured orders worth Rs 40 crore for parts of steam turbines and services for boilers.

Stock Market Live Update: Unicommerce eSolutions Partners With Ethos 

Unicommerce eSolutions partnered with Ethos. The company will adopt Unicommerce eSolutions's Uniware suite to enhance its luxury e-commerce experience, according to an exchange filing.

Stock Market Today: Garden Reach Shipbuilders Secures Rs 123-Crore Order From Ministry of External Affairs

Garden Reach Shipbuilders & Engineers Ltd. has secured a Rs 123 crore order from the Ministry of External Affairs to build a coast guard ship for Mauritius.

Stock Market Live: KIMS In Seven-Year Agreement With Splendid Hospitals In Hyderabad

Krishna Institute of Medical Sciences Ltd. has signed a seven-year operation and management agreement with Splendid Hospitals in Hyderabad, Telangana, with an option to extend for another three years.

Stock Market Live Updates: TCS Partners With Salesforce 

Tata Consultancy Services Ltd. has partnered with Salesforce to help customers in the manufacturing and semiconductor sectors leverage artificial intelligence, the company said in an exchange filing.

Nifty FMCG In Focus

  • Nifty FMCG hits 52 week low at 52096.2 in trade today

  • Index has lost 8% in Feb 2025, over 10.5% in 2025 so far

  • Index has contributed for a 166 point loss on the benchmark in 2025

  • ITC has lost around 1.03 lakh crore in market cap so far in 2025

  • Varun Beverages has lost around 61,400 crore in market cap so far in 2025

  • United Spirits has lost around 23,500 crore in market cap so far in 2025

Sectoral Markets Check 

  • All Nifty sectoral indices in the red in 2025 so far.

  • Nifty Realty & Nifty Media top losers having lost 17% and -20%, respectively.

  • Nifty Finance sees least losses, down 0.9% this year.

Stock Market Live Update Today: JPMorgan On Petronet LNG 

  • Maintain Overweight with a target price of Rs 377

Most key risks priced in

  • Current stock prices builds in no volume growth, 15% cut in Dahej Regas tariffs by March and proposed PDH plant generating returns of 50-60% of cost of capital

  • These appear harsh and suggest strong valuation support for the stock

  • Key catalysts - start of the new 5 MTPA Regas capacity at Dahej should add to Ebitda

  • See summer demand for power should support LNG imports seasonally

  • Completion of tariff renegotiation with GAIL/IOCL/BPCL can remove overhang

Trump's Tariffs Are Much More Targeted Than People Think, Says Trinh Nguyen 

US President Donald Trump's tariffs are much more targeted than people think, said Trinh Nguyen, a senior economist, emerging Asia at Natixis.

Given the role of China in global manufacturing, and the deteriorating relationship with US, supply chains are fracturing. China's deteriorating relationship with US provides an opportunities for other countries including India, Nguyen said in an interview.

Policy narrative needs to be driven much more aggressively in India, Nguyen said.

Stock Market Live Updates: RateGain Travel To Provide Real-Time Competitive Insights To NokAir 

Thailand's NokAir has selected RateGain Travel Technologies Ltd.'s AirGain solution to gain real-time competitive insights.

Adani Group's Portfolio Delivers Highest Ever Trailing-Twelve Months EBITDA Of Rs 86,789 Crore

  • Portfolio Delivers highest ever trailing-twelve months Ebitda of Rs 86,789 crore

  • Trailing-Twelve-Month Ebitda rose 10.1% on the year at Rs 86,789 crore

  • Core infrastructure businesses accounted For 84% of total Ebitda

  • Sufficient liquidity to cover debt servicing for at least next 12 Months

  • Fund flow from operations or cash after tax was Rs 58,908 crore as on 30 September, 2024

  • Asset Base Stood at Rs 5.5 lakh crore as on 30 Sept, 2024

  • Net debt to Ebitda was at 2.46 times as on 30 Sept, 2024

Source: Press Release

Disclaimer: NDTV is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

Stock Market Live Update: BCL Industries Share Price Jumps Over 8%

BCL Industries Ltd. share price jumped over 8% Thursday as it received an order worth Rs 135 crore to supply 23,054 kilo litre ethanol.

Nifty, Sensex Open Lower As HDFC Bank, ITC Share Prices Fall: Opening Bell 

The NSE Nifty 50 and BSE Sensex opened lower as HDFC Bank Ltd., and ITC Ltd. share prices dragged. As of 9:20 the Nifty 50 and Sensex were trading 0.34% and 0.39% down, respectively.

Losses all across markets in Asia region due to concern over the further tariff announcement from the US also weighed on the Indian benchmarks. Moreover, recently releases minutes of the Federal Open Market Committee's January meeting showed that the officials are concerned about the interest rate cuts and economic policy moving forward.

"Technically, after a gap-down opening, the market found support near 22,800/75,500 and rebounded sharply. However, it failed to close above the 23,000/76,100 resistance mark. We believe that the market is currently exhibiting non-directional activity; perhaps traders are waiting for a breakout in either direction,": said Shrikant Chouhan, head, equity research, Kotak Securities

"Technically, 23,000/76,100 would be the key breakout level for day traders. Above this level, the pullback move could continue to 23100-23,200/76,300-76,500. Conversely, a breach of 22,800/75,500 could accelerate selling pressure. Below this level, the market could decline to 22,725-22,650/75,200-75,000."

HDFC Bank Ltd., ITC Ltd., Bharti Airtel Ltd., Mahindra & Mahindra Ltd., and Larsen & Toubro Ltd. weighed on the Nifty 50 index.

Shriram Finance Ltd., Reliance Industries Ltd., Axis Bank Ltd., Hindalco Industries Ltd., and Cipla Ltd. limited losses in the Nifty 50 index.

On NSE, eight sectors declined, two advanced, and two remained largely unchanged on BSE. The NSE Nifty Auto declined the most, and the NSE Nifty Metal rose the most.

Broader markets underperformed benchmark indices. The BSE Midcap and Smallcap indices were trading 0.33% and 0.40% down, respectively.

On BSE, 12 sectors declined, six sectors advanced, and one remained flat out of 21. The BSE Metal rose the most, and the BSE FMCG declined the most.

Market breadth was skewed in favour of sellers. Around 1,520 stocks declined, 1,300 stocks advanced, and 122 stocks remained on BSE.

Stock Market Live: Nifty, Sensex Trade Lower At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 0.41% down at 22,821.10, and the BSE Sensex was 0.35% down at 75,673.50.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.68.

  • It closed at 6.68 on Monday.

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee strengthened by 10 paise to open at 86.85 against the US Dollar.

  • It closed at 86.95 on Monday.

Source: Bloomberg

Maruti Suzuki Aims To Have Four Plants In Operation By 2030

Maruti Suzuki India Ltd. aims to have four plants in operation by 2030 to achieve a production capacity of 40 lakh cars annually by then.

Maruti Suzuki aims to reclaim 50% market share by financial year 2030. It also aims for achieve 40 lakh production capacity by FY30.

The company aims to be No.1 in terms of production, sales and exports of EVs. Maruti Suzuki India will introduce six electric cars FY30 including 2 in FY25.

Stock Market Today: Vedanta Shareholders Approves Demerger Scheme 

Vedanta's shareholders have approved the demerger scheme involving the company, Vedanta Aluminium, Malco Energy, Talwandi Sabo Power, and Vedanta Iron and Steel.

Oil Prices Snap Three-Day Winning Streak 

Oil future prices snapped a three-day winning streak in Asia session on Thursday after report showed an increase in US crude stockpiles. At the same time concerns about tariffs from the US weighed on the commodity's demand outlook.

The brent crude was trading 0.29% down at $75.82 a barrel as of 8:26 a.m.

Gold Price Steady Over Rs 86,000

Gold price in India was steady over the Rs 86,000-mark at Rs 86,070 per 10 grams as of 6:50 a.m. on Feb. 20, according to the India Bullion Association.

Read full article here.

Stock Market Live Update: US FDA Finishes Inspection At Aurobindo Pharma's US Warehousing 

The US Food and Drug Administration has concluded an inspection at one of Aurobindo Pharma's US warehouses, issuing five observations.

Asia Market Update: Shares Fall On Tariff Concerns; China Keeps Loan Primes Rates Unchanged 

Asia-Pacific markets declined on Thursday as concerns over more tariffs from the US President Donald Trump continued to dent risk-appetite of investors. Moreover, recently releases minutes of the Federal Open Market Committee's January meeting showed that the officials are concerned about the interest rate cuts and economic policy moving forward.

The Nikkei 225 and KOSPI were trading 1.18% and 0.50% down, respectively. The S&P ASX 200 was trading 1.56% down.

China kept its one-year loan prime rate and five-year loan prime rate unchanged at 3.1% and 3.6%, respectively. The CSI 300 was 0.16% down.

Also Read: Stocks Slide On Weak Economic Data As Bonds Climb: Markets Wrap

GIFT Nifty Near 22,900; Bharat Forge, M&M, Waaree Energies Share Prices In Focus

The GIFT Nifty was trading near 22,900 in early trade Thursday. Bharat Forge Ltd., Mahindra & Mahindra Ltd., and Waaree Energies Ltd. share prices may react.

The GIFT Nifty was trading 0.10% or 23 points lower at 22,936.00 as of 6:30 a.m.

India's benchmark indices had another session of muted close on Wednesday, after swinging between gains and declines in a rangebound trading. Information technology and pharmaceutical stocks fell, while realty and metal climbed.

The NSE Nifty 50 ended 12.4 points or 0.05% lower at 22,932.9, and the BSE Sensex closed 28.21 points, or 0.04% down at 75,939.18.

Also Read: Stock Market Today: All You Need To Know Going Into Trade On Feb. 20

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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