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The Nifty 50, India’s benchmark index, extended its losing streak for the eighth consecutive session and closed 102 points lower at 22,929.25. Concerns over US reciprocal tariffs were one of the significant factors weighing on the Indian market on 14 February, contributing to intensified selling pressure. The index opened the session on a positive note at 23,096.45 and gave up the initial gain to fall toward the 22,800 levels.
However, after touching its previous swing low, the index managed to recover some of the losses and closed at 22,929.25. As a result, the index formed a bearish candle with lower high lower low price formation. Among the sectors, all major indices closed flat to negative. The advance-decline ratio was heavily inclined towards decliners. Further, on the weekly chart, the index snapped its streak of two consecutive weeks of gains and formed a bearish candle.
52 Week Low Stocks Today on February 17, 2025: Shares of Godrej Consumer Products, CANARA BANK, Indian Oil Corporation, Life Insurance Corporation of India, Coal India hit their fresh 52 wk lows today. Nifty 50 was down by -15.65(-0.07%) points and Sensex was down by -211.61(-0.28%) points at 17 Feb 2025 10:59:58 IST.
Bank Nifty was down by -98.9(-0.2%) points at 17 Feb 2025 10:44:58 IST.
Other stocks such as Norben Tea & Exports, Jalan Transolutions (India), Redington India, SBI Gold ETF, Axis Gold ETF hit their fresh 52 wk highs today.
In the BSE Sensex index Indusind Bank, IDFC First Bank, HDFC Bank, Punjab National Bank, Bank Of Baroda were the top gainers while ICICI Bank, Au Small Finance Bank, Axis Bank, CANARA BANK, State Bank Of India were the top losers.
In the Bank Nifty index Indusind Bank, IDFC First Bank, HDFC Bank, Punjab National Bank, Bank Of Baroda were the top gainers while ICICI Bank, Au Small Finance Bank, Axis Bank, CANARA BANK, State Bank Of India were the top losers.
