Sensex, Nifty Moderately Lower After Wild Swings
From Nasdaq: 2025-02-17 00:45:01
Indian shares opened weak on Monday, extending losses due to uncertainty about Trump administration’s trade policies. Sensex dropped nearly 650 points before recovering slightly. Automobile and IT stocks are down, while pharmaceuticals are up. Mahindra & Mahindra’s electric SUVs see strong bookings despite stock drop. Bajaj Finserv rises, while Glenmark Pharmaceuticals gains on turnaround results. SAIL plans $800 million rail mill investment. RBI reports India’s forex reserves rise by $7.654 billion. Zen Technologies shares hit lower circuit, Godrej Properties down. Major stocks like ICICI Bank and Axis Bank are down, while Sun Pharmaceuticals and Tata Motors are gaining.
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