The Valuation School
The Valuation School
February 24, 2025 at 11:30 AM
📛 *Bazaar Bites - 24th February, 2025* ‼️ *By The Valuation School* ‼️ Benchmark indices extended their fall for a fifth session in a row today taking the *Nifty 50* to the *lowest* level in the last *eight months* . *Major Indices Performance:* • *NIFTY 50:* 📉 Decreased by 1.06%, closing at 22,553. • *SENSEX:* 📉 Fell by 1.13%, ending at 74,454. • *BANK NIFTY:* 📉 fell by 0.67%, settling at 48,651. • *NIFTY MIDCAP:* 📉 down by 0.94%, reaching 50,013. • *NIFTY SMALLCAP:* 📉 decreased by 1.02%, closing at 15,477. *Major Sectoral Performance:* • *Gainers:* Nifty FMCG was the gainer, rising 0.36% followed by Nifty Auto (+0.22%). • *Losers:* Nifty IT led declines, falling 2.71%. Nifty IT index has now fallen for 11 out of last 12 sessions.Other sectors, including Metal, Realty, and Oil & Gas, saw losses, reflecting a broad market downturn. *Major news headlines of the day:* • *Bain Capital* is close to acquiring a controlling stake in *Manappuram Finance* through fresh capital and a secondary share sale, setting the stage for management overhaul. • *Adani Group* plans to invest Rs 1.1 lakh crore across various sectors in *Madhya Pradesh* , including smart city and airport projects, to spur regional growth and job creation. • *Pfizer’s* stock leaped 7% after signing a deal with Mylan to market and sell two neuro-therapy brands. • *NTPC Green Energy’s* shares dropped 8% on Monday—the worst fall since listing—as anchor investors offloaded their stakes when the lock-in ended. • US *oil exports* to India nearly doubled in February, while Russian shipments fell as Indian refiners shift supplies. • Indorama is set to acquire a 24.9% stake in *EPL Ltd* from Blackstone for $200 million, marking a strategic expansion move. • *NTPC* and *EDF* India are partnering in a 50:50 venture to develop pumped storage and renewable projects, accelerating India’s clean energy transition. *Acha laga, react & share karo & follow our social media for more updates & financial content:* ✅ WhatsApp Channel: https://t.ly/BJTRY ✅ Youtube: https://t.ly/lJqST ✅ Newsletter: https://t.ly/L2vK2 ✅ Instagram: https://t.ly/SLIX4 ✅ LinkedIn (Parth Sir): https://t.ly/mN4yj ✅ LinkedIn (The Valuation School): https://t.ly/Hbeh0 *Note:* This post is just for educational purposes and not a buy/sell recommendation.
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