SENSEX trades 200 pts higher, NIFTY50 above 22,550; Tata Investment Corp surges 10%

The equity benchmark indices on Tuesday, February 25, opened positive as investors maintained a wait-and-watch stance following global cues.

At 10:30 AM, the S&P BSE SENSEX was trading at 74,660.45 levels, up 206.04 points, or 0.28%, while the NSE's NIFTY50 index was trading at 22,81.70, rising 28.35 points, or 0.13%.

As many as 23 stocks on the NIFTY50 index were trading in the green and 27 in the red.

The broader market also remained under pressure, with both Nifty Midcap 100 and Nifty Smallcap 100 trading lower during the opening bell.

Hindalco, Coal India, NTPC, SBI Life and Sun Pharma were the biggest laggards on the 50-share index, falling as much as 2.10%.

However, Mahindra and Mahindra (M&M), Bajaj Finserv, Bajaj Finance, Bharti Airtel and IndusInd Bank were the most contributing stocks, rising as much as 2.19% on NSE.

Meanwhile, US President Donald Trump on Monday said his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation.

“We're on time with the tariffs, and it seems like that's moving along very rapidly. The tariffs are going forward on time, on schedule,” Trump said at a White House news conference with French President Emmanuel Macron.

Globally, the tech-heavy NASDAQ index fell for a third consecutive session, with losses of 1.2% on Monday. Rising concerns over weak economic parameters and persistent inflation soured investor sentiments. The Dow Jones and S&P 500 closed almost flat. Meanwhile, Apple announced plans to invest $500 billion in the US over the next four years.

The Japanese, Korean and Hong Kong indices traded in red on Tuesday morning with losses of up to 1%. The Korean Central Bank announced rate cuts by 25 bps and lowered its GDP growth forecast from 1.9% to 1.5% for 2025.

The foreign investors aggravated their selling in the Indian markets as they sold equities worth ₹6,286 crore. On the other hand, the DIIs supported the markets by buying equities worth ₹5,185 crore on Monday. In the derivatives market, the FIIs short position increased to 2 lakh contracts from 1.85 lakh contracts a week ago.

As many as 2,542 stocks traded on the NSE during the early session, among which 2,542 stocks were trading in the green, 710 in the red and only 76 shares remained unchanged.

This indicated that the market breadth was in favour of bulls.

As many as 80 stocks hit their one-year low in the early trade, while only 7 stocks touched their 52-week highs.

Further, 45 stocks hit their lower circuits while 59 hit their upper circuits.

India VIX, the volatility gauge, was trading around 3.34% lower at 13.96 levels.

Tata Capital: Tata Investment Corporation shares gained 8% to ₹6,218 apiece on the National Stock Exchange (NSE), reflecting optimism about the Tata Capital IPO. Intraday, it gained up to 8.51%.