Trader Pulse By Vishal
Trader Pulse By Vishal
February 11, 2025 at 12:15 PM
Indian equity markets continued their downward trajectory for the *fifth* consecutive session on Tuesday, with significant declines across major indices. All major sectors ended in the *red* , with smallcap and midcap indices losing the most. The downturn was primarily driven by losses in banking, auto, metal, and IT sectors, worsen by weak domestic earnings and ongoing concerns over U.S. trade policies. *Major Indices Performance:* * *NIFTY 50:* 📉 Declined by 1.32%, closing at 23,071.80. * *SENSEX:* 📉 Dropped 1.32%, ending at 76,293.60. * *BANK NIFTY:* 📉 Fell by 1.16%, settling at 49,403.40. * *NIFTY MIDCAP 100:* 📉 Fell by 3.02% closing at 50,887.95. * *NIFTY SMALLCAP 100:* 📉 Declined 3.45%, closing at 16,074.35. *Major Sectoral Performance:* * *NIFTY Realty:* 📉 Fell by 3.07%, closing at 863. * *Nifty Auto:* 📉 Down by 2.33%, closing at 22,573. * *NIFTY PSU Bank:* 📉 Dropped by 2.15%, closing at 6,001. 📢*Major news headlines of the day:* * Gautam *Adani* has announced plans to build two 1,000-bed multi-super-specialty hospitals and medical colleges in Mumbai and Ahmedabad, named Adani Health City. This ₹6,000 crore initiative aims to provide affordable, world-class healthcare and will be developed in collaboration with the U.S.-based Mayo Clinic, which will offer strategic advice on organizational objectives and clinical practices. * On Tuesday, *NBCC Ltd.'s* shares fell more than 5% ahead of its third-quarter earnings announcement. The company also announced two significant orders: a ₹170.33 crore project for infrastructure development at the Central University of Punjab in Bathinda, and a ₹102 crore order for additional works. * *Rail Vikas Nigam Ltd (RVNL)* has been awarded a ₹335.4 crore contract by South Western Railway to implement the Kavach safety system over 790 route kilometers in the Hubballi and Mysuru divisions. * *Mankind Pharma* has agreed to sell its stake in Mahananda Spa and Resorts to Chalet Hotels for an enterprise value of ₹530 crore. * The *Bajaj Group* plans to invest ₹10,000 crore to establish a network of affordable, high-quality hospitals across India, aiming to enhance healthcare accessibility. This initiative aligns with the nation's growing healthcare needs and increased insurance coverage.

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