Indian stocks close marginally up after 8 days of losses, with Sensex and Nifty slightly up.

From Nasdaq: 2025-02-17 05:48:06

Indian stocks managed to close marginally up on Monday after eight days of losses. The BSE Sensex closed up 0.08% at 75,996.86, while the Nifty50 settled with a gain of 0.13% at 22,959.50. Pharmaceutical shares performed well, while technology and automobile stocks closed mixed. M&M saw a 3.75% drop despite recording 30,179 bookings for its electric SUVs. Glenmark Pharmaceuticals reported a net profit of Rs 348 crore for the quarter, a turnaround from a net loss of Rs 315 crore last year. The market breadth was weak, with 2,733 stocks closing lower on BSE.

In economic news, India’s merchandise trade deficit in January was $22.99 billion, slightly higher than the expected $22.35 billion. Merchandise exports were at $36.43 billion, while imports were at $59.42 billion.



Read more at Nasdaq: Sensex, Nifty Snap 8-session Losing Streak, Close Marginally Up