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livemint.com / 2 months ago
livemint.com / 2 months ago
livemint.com / 2 months ago
livemint.com / 2 months ago
Stock recommendations for 25 February from MarketSmith India
Stock market recap: The Indian equity benchmarks faced significant selling pressure on Tuesday, with Nifty 50 plunging 288.35 points (1.12%) to settle at 25,424.65, and BSE Sensex plummeting 1,068.74 points (1.28%) to 82,225.92.The session saw a "tech bloodbath" as Nifty IT crashed 4.74% to a 30-month low. This rout was triggered by deepening AI disruption fears following Anthropic’s launch of tools capable of automating legacy COBOL systems—a core service area for Indian IT majors.
Global sentiment was further dampened by US President Donald Trump’s renewed tariff threats and escalating geopolitical tensions in the Middle East, which pushed crude oil prices higher.Market breadth remained sharply negative, with an advance-decline ratio of approximately 1:4 in the NSE universe (around 726 advances to 2,005 declines). While Nifty Metal bucked the trend to hit a fresh all-time high, heavyweights like Tech Mahindra, HCL Tech, and Infosys led the laggards, slipping up to 6%.Two stock recommendations by MarketSmith India:Buy: Shriram Pistons and Rings Ltd (current price: ₹3,190)Buy: R R Kabel Ltd (current price: ₹1,500)Nifty 50 recapIndian equities closed sharply lower on February 24th, with Nifty 50 declining 1.12% (-288.35 points) to settle at 25,424.65, while Sensex fell 1.28% (-1,068.74 points) to 82,225.92.
The market witnessed sustained selling pressure throughout the session, led by a steep correction in IT stocks amid global technology concerns. This dragged Nifty IT down 4.74%.
Realty also underperformed, falling to 2.54%. In contrast, select defensive and commodity-linked pockets offered some support, with Metals (+0.93%), Oil & Gas (+0.50%), Pharma (+0.24%), and PSU Banks (+0.29%) closing in positive territory.
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