The Indian stock market opened on a positive note on Thursday, February 27, 2025, with financial services and metal stocks seeing the most significant gains. As of 9:20 am IST, the BSE Sensex was up by 108.50 points or 0.15%, reaching 74,710.62, while the NSE Nifty opened 37.30 points higher, up 0.17%, at 22,584.85.
Top Performers:
Among the 30 Sensex stocks, IndusInd Bank was the top performer, rising by 1.96% to ₹1,054.00. Bajaj Finance followed closely with a 1.74% increase, trading at ₹8,640.10, while Bajaj Finserv gained 1.54%, reaching ₹1,904.75. A total of 13 out of 30 Sensex stocks were in the green at the opening of the session.
Sector Performance:
Looking at the Nifty sectoral indices, Nifty Financial Services Ex-Bank emerged as the top performer, climbing by 1.12%, reaching 25,115.00. Nifty Metal also saw a solid rise of 0.78%, along with the Nifty Midsmall Financial Services and Nifty Financial Services 25/50 indices, which gained 0.78% each.
Previous Market Performance:
The previous trading session on Tuesday, February 25, 2025, saw the Sensex closing 147.71 points or 0.20% lower at 74,602.12, while the Nifty ended 5.80 points or 0.03% down at 22,547.55. Wednesday was a market holiday for Mahashivratri.
Akshay Chinchalkar, Head of Research at Axis Securities, noted that despite a six-day consecutive decline in the Nifty, the downside appeared limited, as investors were cautious of a potential near-term rebound. “There’s serious overhead resistance,” he added, with support levels remaining between 22,370 and 22,500. A daily close above 22,720 would be needed for a stronger move towards the next resistance range of 23,050 to 23,280.
FII and DII Activity:
Foreign Institutional Investors (FIIs) were net sellers, offloading ₹3,529.10 crore worth of equities, while Domestic Institutional Investors (DIIs) stepped in as net buyers, purchasing ₹3,030.78 crore worth of stocks.
Akhil Puri, Partner at Forvis Mazars, pointed out that FIIs were reallocating capital away from Indian stocks due to factors such as rising US bond yields, a strengthening US dollar, a weakening Indian rupee, and stretched valuations in Indian equities. This has led to significant outflows as FIIs find more attractive opportunities in China and the US. Despite the domestic buyers’ support, sustained FII selling could put pressure on Indian markets, affecting stock prices and the rupee.
Additionally, the earnings reports from key sectors like consumer staples, automobiles, and building materials have raised concerns about corporate profitability, further dampening investor sentiment.
Top Losers in the Previous Session:
In the previous session, among the 30 Sensex stocks, Sun Pharmaceutical Industries saw the biggest drop, falling 1.58%, closing at ₹1,613.65. Power Grid Corporation of India dropped 1.25% to ₹255.90, and Tata Consultancy Services fell 1.19%, ending the day at ₹3,631.10.
Mahindra & Mahindra was the biggest gainer on the Sensex, rising 2.61% to ₹2,780.15, followed by Bharti Airtel, which surged 2.55% to ₹1,641.60, and Bajaj Finance, which rose 1.65% to ₹8,492.40.
Sector Performance on Tuesday:
In terms of sectoral performance, the Nifty Metal Index was the biggest loser, falling 1.54% to 8,293.45. Other underperforming sectors included Nifty Realty, down 1.31%, and Nifty Midsmall IT & Telecom, which declined 1.22%, closing at 5,880.75.
Overall, despite FIIs turning net sellers, the market opened positively, with strong performances from the financial services and metal sectors. Investors are now awaiting further cues from the market to determine if the positive momentum will continue in the coming days.
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