Market Close in The Red: Bajaj Finance Shines While Larsen & Toubro Declines

Mixed Market Sentiment as Nifty and Sensex Close in the Red.

February 3, 2025: The Indian stock market witnessed mixed activity on February 3, 2025, with indices closing lower despite some notable performances from individual stocks. The Sensex ended 319.22 points down, closing at 77,505.96, while the Nifty fell by 121.1 points to settle at 23,482.15. Both indices faced pressure from mid- and small-cap stocks, with broader indices showing significant declines.

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Market Highlights

• Sensex: Traded within a range of 77,260.37 and 76,756.09, closing 0.41% lower.
• Nifty: Fluctuated between 23,381.6 and 23,222.0, reflecting a 0.52% decline.
• Broader Indices:
  • Nifty Midcap 50 fell by 0.65%.
  • Nifty Small Cap 100 dropped by 2.13%, settling at 16,979.75.

Top Gainers and Losers

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Nifty Gainers:

1. Bajaj Finance: +5.32%
2. Mahindra & Mahindra: +3.14%
3. Wipro: +2.89%
4. Shriram Finance: +2.70%
5. Bajaj Finserv: +2.33%

Nifty Losers:

1. Larsen & Toubro: -4.59%
2. Oil & Natural Gas Corporation: -3.32%
3. Tata Consumer Products: -3.14%
4. Coal India: -2.93%
5. Bharat Electronics: -2.71%

Sensex Gainers:

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1. Bajaj Finance: +5.28%
2. Mahindra & Mahindra: +2.96%
3. Wipro: +2.80%
4. Bajaj Finserv: +2.30%
5. Bharti Airtel: +1.76%

Sensex Losers:

1. Larsen & Toubro: -4.64%
2. Tata Motors: -2.64%
3. Hindustan Unilever: -2.62%
4. Asian Paints: -2.33%
5. Power Grid Corporation: -2.09%

Sectoral Performance

• Bank Nifty: Closed at 49,506.95, with a slight drop.
  • 1-week performance: +2.41%
  • 1-month performance: -3.46%
• Midcaps: Top gainers included Voltas and UPL, while losers were led by HPCL and Vodafone Idea.
• Small Caps: Best performers were CEAT and Happiest Minds, with RITES and HUDCO among the worst.

Key Market Takeaways

1. Market Decline: Despite gains by select blue-chip stocks, the indices were dragged down by mid- and small-cap underperformance.
2. Bajaj Finance Leads: A stellar performance made Bajaj Finance the top gainer across multiple indices.
3. L&T Weakens: Declines in Larsen & Toubro impacted market sentiment, with the stock losing over 4%.
4. Volatility Ahead: Investors remain cautious ahead of critical announcements and economic data, signaling potential market turbulence.

Tags

• Stock Market Updates
• Bajaj Finance
• Larsen & Toubro
• Sensex and Nifty
• Market Gainers and Losers
• Indian Stock Market Trends
• Nifty Small Cap Performance