The BSE Sensex stood at 85,138.27, down 503.63 points or 0.59%, and the NSE Nifty50 settled at 26,032.20, a decline of 143.55 points or 0.55%.
The broader market struggled, the Nifty MidCap index ended down by 0.22%, while the Nifty SmallCap index fell 0.55%.
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Impact on the stock market
Sector-wise performance
The Nifty Financial Services index slipped by 0.9%
Nifty Chemical fell by 0.75%, followed by other sectors like Banking, Metal, Consumer Durables, FMCG, IT, Auto, and Oil & Gas
The only sectors showing positive movement were Nifty Pharma and Healthcare, which ended in the green.
| Sector/Index | Performance |
| IT & BPM sector | -0.02% |
| Healthcare sector | -0.06% |
| Oil & Gas sector | -0.42% |
| Real estate sector | -0.21% |
| PSU Bank in India | -0.24% |
Top gainers today
| Company | Share Price (in ₹) | Change % |
| Asian Paints | 2,954.40 | 3.03 |
| Dr Reddy’s Labs | 1,275.20 | 1.20 |
| Maruti Suzuki | 16,239.00 | 0.88 |
| Bharti Airtel | 2,104.00 | 0.68 |
| Hind. Unilever | 2,477.80 | 0.54 |
Top losers today
| Company | Share Price (in ₹) | Change % |
| Interglobe Aviation | 5,697.50 | -1.67 |
| Axis Bank | 1,258.00 | -1.39 |
| Reliance Industry | 1,546.30 | -1.26 |
| HDFC Bank | 989.80 | -1.23 |
| ICICI Bank | 1,373.00 | -1.23 |
Market aftermath: Impact on stocks
SPARC: A major surge after US court ruling
Sun Pharma Advanced Research Company (SPARC) saw its shares jump 20% after the company received a favorable ruling from a US District Court for its Sezaby injection, which treats neonatal seizures.
The court’s decision related to the Priority Review Voucher (PRV) tied to the approval of Sezaby, marking a major win for SPARC. The stock hit ₹161.02 per share, its highest level since July. However, despite today’s sharp gains, SPARC shares are still down nearly 20% in 2025 and about 19% in the last six months.
This is a significant development for SPARC, considering that Sezaby is a key treatment in a specialized area, with the FDA’s approval boosting investor confidence.
Asian Paints: 52-Week high after UBS upgrades stock
In a standout performance, Asian Paints shares surged 3% on the back of a UBS upgrade. The stock hit a 52-week high of ₹2,959.90 before closing at ₹2,958. The international brokerage upgraded its rating on the stock from ‘Sell’ to ‘Neutral’ and raised its target price from ₹2,100 to ₹3,200. This implies an upside potential of nearly 12% from its previous closing price.
Asian Paints has shown resilience, despite the weak demand environment, with double-digit volume growth and an improved outlook for the second half of FY26. The stock has gained over 30% in 2025 and continues to attract positive investor sentiment.
Bajaj Finance: Stake sale hits Bajaj Housing Finance
Bajaj Finance raised ₹1,588 crore by selling 2% of its stake in Bajaj Housing Finance in a bulk deal. The sale was carried out at ₹95.31 per share, a discount of more than 9% from the current market price. Following the sale, Bajaj Housing Finance’s stock tumbled more than 9% to hit a low of ₹95 per share, before recovering slightly.
The transaction was part of Bajaj Finance’s plan to meet minimum public shareholding requirements. The stock has underperformed since its market debut in September 2024, where it listed at a 114% premium over the IPO price of ₹70. Despite the recent downturn, the stock remains up 49% from the IPO price.
Crude Oil: Prices continue to rise amid global tensions
Crude oil prices traded higher as markets weighed the impact of Ukrainian attacks on Russian energy infrastructure and the increasing geopolitical risks surrounding Venezuela.
At 9:57 AM, February Brent oil futures were trading at $63.24, up 0.11%, while January WTI crude oil futures rose by 0.19% to $59.43.
On the Multi Commodity Exchange (MCX), December crude futures were up by 0.41% to ₹5,346. The recent Ukrainian attacks on Russian infrastructure and President Trump’s threats to close airspace over Venezuela have raised concerns about oil supply risks. Venezuela, which exports around 800,000 barrels per day, could see further disruption in its crude oil shipments, especially as the US builds its military presence in the region.
Conclusion
Tuesday was a day of mixed fortunes in the market, with profit-booking and geopolitical tensions creating a volatile environment. While Sensex and Nifty closed in the red, select stocks such as SPARC, Asian Paints, and Bajaj Finance caught the market’s attention with strong individual performances.
The geopolitical landscape remains a key risk for global markets, particularly in energy commodities, as ongoing tensions in Ukraine and Venezuela could impact crude oil prices. Investors will need to stay vigilant as market conditions remain fluid, with both opportunities and risks emerging.
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