The Indian stock market extended its losing streak to eight consecutive sessions today, February 14, 2025, marking the longest such downturn in two years.
Major Market Drivers:
- Global Cues: Rising global trade tensions, sparked by proposed reciprocal tariffs from the US, cast a long shadow over market sentiment.
Investors are wary of the potential ramifications for India's economy. - Sectoral Performance: The pharmaceutical sector bore the brunt of the selling, experiencing the steepest declines. The Nifty Media index also suffered a significant blow, plummeting nearly 3% and emerging as the top sectoral loser.
- Earnings Reports: The ongoing Q3FY25 earnings season saw several companies release their results.
Disappointing numbers and missed estimates triggered selling pressure in the affected stocks.
Top Gainers:
- Godfrey Phillips India Ltd. (20.00%)
- Vakrangee Ltd. (5.00%)
- Chalet Hotels Ltd. (2.81%)
Top Losers:
- HP Adhesives Ltd. (-15.59%)
- Deepak Nitrite Ltd. (-15.09%)
- Kalpataru Projects International Ltd. (-10.46%)
The top gainers and losers for the day are as follows:
Top Gainers:
1.Reliance Industries Ltd.: Increased by 0.06%, closing at ₹1,216.95.
2.HCL Technologies Ltd.: Rose by 0.49%, ending at ₹1,710.80.
3.Tata Consultancy Services Ltd. (TCS): Gained 0.60%, closing at ₹3,932.75.
Top Losers:
1.Mahindra & Mahindra Ltd.: The share price decreased by 1.26%, ending at ₹2,940.75. Despite this decline, it outperformed some of its peers.
2.Kotak Mahindra Bank Ltd.: Shares fell by 0.99%, closing at ₹1,952.10. Despite the downturn, it remained close to its 52-week high.
3.Bajaj Finance Ltd.: The stock saw a slight decline of 0.19%, ending at ₹8,390.05. It still performed better than some competitors.
4.Bajaj Finserv Ltd.: Experienced a decrease of 0.47%, closing at ₹1,840.45. The stock remains below its 52-week high.
Other Key Updates:
- The total market capitalization of BSE-listed companies dipped below ₹400 lakh crore, a level not seen since June 2024.
- Despite the market's decline, the rupee registered its best week in 19 months, bolstered by substantial RBI intervention.
- Several prominent companies, including Tata Steel and Samvardhana Motherson, announced their Q3 results.
Looking Ahead (Tomorrow's Potential Market Movers):
While predicting the market's direction with certainty is impossible, several factors could influence trading tomorrow:
- Global Market Reaction: How global markets react to the latest trade developments and any further announcements will be a key driver. Negative sentiment overseas could further weigh on Indian equities.
- Continued Q3 Earnings: The flow of Q3 earnings reports will continue. Investors will be scrutinizing the results for clues about corporate performance and future outlook. Any significant positive or negative surprises could trigger sharp price movements in individual stocks.
- RBI's Stance: The market will be watching for any signals from the Reserve Bank of India regarding its monetary policy stance, particularly in light of the rupee's recent strength.
- Technical Levels: Traders will be closely monitoring key technical levels on the indices. Breaching these levels could lead to further volatility.
Disclaimer: This blog post is for informational purposes only and should not be considered investment advice. Please do your own research before making any investment decisions.
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