🕑 2PM Market Update: Nifty Slips Below 24,400 as Broader Market Bleeds; Hero MotoCorp Shines

🕑 2PM Market Update: Nifty Slips Below 24,400 as Broader Market Bleeds; Hero MotoCorp Shines

Indian equity markets remained under pressure by mid-afternoon on Tuesday, weighed down by weakness in PSU banks, realty, and pharma stocks. The Nifty 50 slipped below the 24,400 mark, trading at 24,373, down 88 points (-0.36%), while the Sensex dropped 192 points to hover around 80,604.

🔻 Broader Market Pain

  • Nifty Midcap and Smallcap indices fell over 1%, showing signs of broader sell-off across sectors.
  • Declines were more pronounced in mid-tier names like Indian Hotels (-6.18%), Godrej Properties (-5.34%), and Kalyan Jewellers (-5.17%).

📉 Sectoral Snapshot

  • Worst Performer: Nifty PSU Bank Index tumbled 4.43%, dragged down by names like Bank of India and Indian Overseas Bank.
  • Other Weak Sectors: Pharma, Realty, Media, and Power saw declines between 1–2%.
  • Only Green Sector: Nifty Auto edged up 0.11%, aided by a rally in Hero MotoCorp.

📈 Top Gainers & Losers

  • Top Gainer: Hero MotoCorp surged 3.24% to ₹3,889.80, leading Nifty constituents.
  • Top Loser: Adani Enterprises dropped 4.21% to ₹2,352.10 amid broad-based weakness in Adani group stocks.

💼 Key Earnings Highlights

  • Bank of Baroda posted a Q4 profit of ₹5,047 crore, up 3.2% YoY.
  • Kajaria Ceramics disappointed with a 59% YoY drop in Q4 net profit.
  • Safari Industries also saw profit decline by 13% YoY.
  • JBM Auto and CG Power delivered healthy profit growth of 19% and 16.2%, respectively.

🏦 Institutional Flows & Market Sentiment

  • Institutional buying appears selective, focusing on financials, telecom, and consumer staples.
  • Market breadth remains negative, with over 2,500 stocks declining on the BSE versus only ~800 advancing.

🗞️ Macro & Global Context

  • Investors remain cautious ahead of the US Fed commentary, RBI monetary policy outcome, and key geopolitical tensions (including mock drills in 244 districts amid India-Pakistan tensions).

📌 What to Watch Next:
Keep an eye on post-market earnings from L&T, macro commentary from global peers, and any signals from the bond market that could affect near-term sentiment.

Prashant Marathe

https://eduinvesting.in

Leave a Comment

Popular News

Disclaimer: Eduinvesting articles are for informational and educational purposes only. It is not investment advice, nor a recommendation to buy or sell any securities. Always do your own research or consult a SEBI-registered professional.

© 2025 EduInvesting.in – All rights reserved.
Finance news, market sarcasm, and stock market commentary delivered daily with zero jargon and maximum masala.

Built by humans. Powered by chai. Inspired by FOMO.

error: Content is protected !!
Scroll to Top