📉 Market Wrap: Nifty Slips Below 25,400 as Profit Booking Hits Markets
Indian equity markets ended sharply lower on February 18, snapping a three-day winning streak amid broad-based selling and rising geopolitical tensions between the US and Iran. 🔻 Closing Levels Sensex: ↓ 1,236 pts (-1.48%) at 82,498 Nifty 50: ↓ 365 pts (-1.41%) at 25,454 Midcap Index: ↓ 1.6% Smallcap Index: ↓ 1.3% Market sentiment weakened through the session as profit booking intensified, dragging indices near day’s lows. BSE market cap eroded by over ₹7 lakh crore. 📊 Sector & Stock Highlights All sectoral indices closed in red; Auto, Realty, Power, Capital Goods & Consumer Durables fell ~2%. Top Losers: InterGlobe Aviation, Mahindra & Mahindra, Bharat Electronics, UltraTech Cement, Trent Top Gainers: Dr. Reddy’s Laboratories, ONGC, HDFC Life Insurance, Hindalco Industries ⚠️ Stock-Specific Moves Hilton Metal Forging ↓11% after rights issue approval Dixon Technologies ↓3% after CLSA downgrade Jindal Saw ↓4% on API restrictions Over 140 stocks hit 52-week lows, while more than 100 stocks touched fresh highs, indicating sharp market divergence. 📌 StockYard Take: Rising global uncertainty and profit booking triggered broad correction; near-term volatility likely to persist. #MarketWrap #Nifty50 #Sensex #StockMarketIndia #StockYardResearch