After opening the day on a negative note, the benchmark indices pared some losses as the session progressed, ending the day 0.1% points lower.

Benchmark Indian equity indices, BSE Sensex and NSE Nifty50, settled in negative territory on Tuesday.

At the closing bell, the BSE Sensex closed Lower by 96 points (down 0.1%).

Meanwhile, the NSE Nifty closed 37 points Lower (down 0.2%).

BPCL, Bharat Electronics, and SBI aare mong the top gainers today

Bajaj Auto, HCL Techa, and Eicher Motors, on the hand, were among the top losers today.

The GIFT Nifty was trading at  22,156 Lower by 102.5 points at the time of writing.

The BSE MidCap index ended 0.1% Higher, and the BSE SmallCap index ended 1.3% Higher.

Sectoral indices were trading mixed with stocks in the capital goods sector and oil & gas sector witnessing buying. Meanwhile, the stocks in the auto sector and IT sector are witnessing selling pressure.

The rupee is trading at Rs 87.4 against the US$.

Gold prices for the latest contract on MCX are trading 0.8% Higher at Rs 86,085 per 10 grams.

Meanwhile, silver prices were trading 0.6% Higher at Rs 95,089 per 1 kg.
 

4% Dip Hits Bajaj Auto Shares

In the news from auto sector, Bajaj Auto's stock price continued its downward trend, marking the eighth consecutive session of decline. The company's shares plummeted 3.4% on the BSE to Rs 7,445.8 per share.

Bajaj Auto's stock price has experienced a significant downturn, plummeting 13.4% over the last eight sessions, including today's decline. In contrast, the benchmark Sensex index has dropped 4.1% during the same period.

Bajaj Auto's two-wheeler sales in the domestic market took a hit in February 2025, with a 14% decline compared to the same period last year. The company sold 1,46,138 units in February 2025, down from 1,70,527 units in February 2024.

However, it's worth noting that Bajaj Auto's exports of two-wheelers surged by 23% year-over-year (YoY) to 1,53,280 units in February 2025. This helped the company's overall two-wheeler sales to grow by 2% YoY.

In the electric two-wheeler segment, Bajaj Auto led the pack in February 2025, retailing 19,290 units, followed closely by TVS Motor Company with 17,405 units.

The prolonged decline in Bajaj Auto's stock price may be attributed to various factors, including market sentiment, industry trends, and company-specific developments.

Investors will be closely watching Bajaj Auto's upcoming quarterly results and management commentary to gauge the company's strategy for reversing the decline in domestic sales and navigating the challenging market environment.

Oil Prices Slide, OMCs Stocks Climb

Moving on to the news from Energy sector, Indian Oil Marketing Companies (OMCs) - including Indian Oil Corporation (IOC), Hindustan Petroleum Corporation (HPCL), and Bharat Petroleum Corporation (BPCL) - witnessed a significant surge in their stock prices on Tuesday, with gains of up to 4.7%. This upward momentum was largely driven by the decline in global crude oil prices.

On Monday, Brent crude oil prices plummeted over 2% to a 12-week low, sparking a rally in OMC stocks.

The decline in oil prices is a welcome relief for OMCs like IOC, HPCL, and BPCL. With lower crude oil prices, the cost of procuring raw materials for refining decreases, thereby boosting their profit margins.

OMCs play a crucial role in the energy sector, specializing in the marketing and distribution of various petroleum products which include crude oil, gasoline, diesel, kerosene, jet fuel, and other refined petroleum products.

The stocks of three major OMCs were trading in the green, bucking the broader market trend. BPCL shares rose 1.4%, while HPCL shares surged 4.5%. IOC shares also gained 1.8%.

As the global energy landscape continues to evolve, OMCs are likely to remain in focus, driven by fluctuations in crude oil prices and shifting demand dynamics.
 

Blue Star Rallies 20% in 4 Sessions

Moving on to the news from consumer durable sector, shares of Blue Star, a leading manufacturer of air conditioning (AC) and commercial refrigeration systems, witnessed a significant surge on Tuesday, defying the broader market's weakness.

The company's stock price rallied 9% to reach Rs 2,217 on the BSE during intraday trade, building on the momentum gained over the past three days.

The shares of the household appliance company have witnessed a remarkable surge, jumping 20% over the past four trading sessions. This impressive rally stands in stark contrast to the broader market trend, with the BSE Sensex declining 2.2% during the same period.

Notably, the blue star company's stock had earlier touched a 52-week high of Rs 2,419.9 on 6 January 2025, indicating a strong upward momentum in its share price.

Blue Star's financial performance for the first nine months of the fiscal year 2024-25 has been impressive. The company reported a significant 56% year-on-year (Y-o-Y) surge in its consolidated net profit, reaching Rs 39.7 bn. This is up from Rs 25.5 bn in the same period last year.

As the company continues to execute its growth strategy, investors can expect Blue Star to maintain its momentum. With its strong financial performance, growth prospects, and strategic initiatives, Blue Star is well-positioned to consolidate its leadership position in the consumer durables sector

More By This Author:

Sensex Today Trades Lower; Nifty Above 22,100
Sensex Today Ends 112 Points Lower; Nifty Below 22,150
Sensex Today Trades Higher; Nifty Above 22,150