Closing Bell: Markets End Flat Amid Volatility – IT Leads While PSU Banks Weigh Down

On Tuesday, February 18, 2025, Indian equity markets experienced a marginal decline. The BSE Sensex closed at 75,967.39, down 29.47 points (0.04%), while the Nifty 50 ended at 22,945.30, a decrease of 14.20 points (0.06%). 

 

The session was marked by a mixed performance across sectors. The Information Technology (IT) sector provided some support, with Tech Mahindra rising by 2% and HCL Technologies gaining 0.88%, closing at ₹1,724.75.  Conversely, the banking sector faced challenges; IndusInd Bank declined by 1.81%, and State Bank of India saw a slight dip of 0.32%, settling at ₹725.75. 

 

Market analysts attribute the subdued performance to ongoing concerns over weak corporate earnings and persistent foreign investor sell-offs. The broader market indices mirrored this sentiment, with the Nifty SmallCap 100 index declining by 1.59% to 15,168.45, and the Nifty MidCap 50 remaining flat at 13,996.75. 

 

In summary, while IT stocks provided some support, the overall market was weighed down by challenges in the banking sector and broader economic concerns.

 

Source: India Infoline