📛 Bazaar Bites - 24th February, 2025

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 ***** 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. *

i 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.