After starting the day on a negative note, the benchmarks dragged further as the session progressed and ended the day on a weak note.

Benchmark equity indices, the BSE Sensex and NSE Nifty50 ended down by over 1% each as investors showed concern over US President Donald Trump's tariff moves.

At the closing bell, the BSE Sensex stood lower by 1,018 points (down 1.3%).

Meanwhile, the NSE Nifty closed lower by 309 points (down 1.3%).

Trent, Hindalco, and Bharti Airtel were the top gainers today.

Coal India, Apollo Hospital, and Eicher Motors, on the other hand, were among the top losers today.

The GIFT Nifty ended at 23,127 down by 303 points.

The BSE Mid Cap ended 2.9% lower and the BSE Small Cap index ended 3.4% lower.

Sectoral indices are trading on a negative note with stocks in the realty sector, healthcare sector, and capital goods sector witnessing selling pressure.

The rupee is trading at 86.81 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% lower at Rs 85,451 per 10 grams.

Meanwhile, silver prices are trading 1% lower at Rs 94,263 per 1 kg.

Here are five reasons why Indian Markets are falling today.

#1 Trump Tariff Hits Metals

US President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions".

Nifty Metal index was down over 1% with JSW Steel, Hindustan Zinc, Ratnamani Metals, NMDC down over 4%. In addition, Trump unveil plans to impose 'reciprocal tariffs' on other countries over the next two days.

#2 Q3 Results Impact

Eicher Motors shares slipped 6.8 per cent in trade, logging an intraday low at Rs 4,966.15 per share on BSE, after the company reported weak margin, coupled with profit booking.

Besides, Apollo Hospitals shares slipped 5 per cent to an intraday low of Rs 6,285 per share on BSE. The fall in the Apollo Hospitals share price came amid profit booking after the company posted strong Q3 results

#3 FPI Sell-Off Intensifies

Foreign Institutional Investors (FIIs) are continuously selling Indian equities, which is denting market sentiments. On Monday, FIIs sold Rs 24.6 bn worth of equities.

As per NSDL data, FIIs have sold Rs 78,027 crore in January and so far they have sold Rs 858.4 bn worth equities.

#4 Mixed Global Cues

In Asia, Chinese stocks traded lower after Trump imposed tariffs on steel and aluminum imports with mainland China CSI 300 down 0.4%, Shanghai down 0.1% and Hong Kong's Hang Seng down over 1%. Japan's Nikkei was flat with positive bias.

#5 Sectoral Sell-Off

On the sectoral front, broad-based selling was seen. Nifty Realty slipped over 3%, Nifty Auto, Nifty FMCG, Nifty Pharma, Nifty Oil & Gas, Nifty PSU Bank over 2%.
 

Apollo Hospitals Shares Plunge 7%. Here's Why.

In news from the healthcare sector, Apollo Hospitals Enterprises saw its shares tumble over 7% on 11 February, despite posting better-than-expected Q3 results. The stock witnessed heavy trading volumes, with around eight lakh shares changing hands-more than double the one-month daily average of three lakh shares.

On the derivatives front, open interest in Apollo Hospitals surged over 16%, indicating a sharp build-up of short positions, which further pressured the stock.

The company's consolidated revenue saw strong growth, driven by a 15% year-on-year rise in Apollo Health & Lifestyle Ltd (AHLL) and Apollo HealthCo, along with a 13% increase in its core healthcare services segment.

Operational performance improved as well, supported by reduced losses in its digital pharmacy business, Apollo 24/7. EBITDA margins expanded to 13.8% in Q3, up from 13% in the previous year, meeting expectations.

Additionally, Apollo HealthCo achieved its fifth consecutive EBITDA-positive quarter, marking a significant milestone for the company. Looking ahead, management remains optimistic about sustaining strong growth.

C2C Advanced Systems Shares Hit 5%

Moving on to news from the defence sector, shares of C2C Advanced Systems hit the 5% lower circuit on 11 February after an independent inquiry by the auditor flagged discrepancies in the company's Red Herring Prospectus (RHP), citing misrepresentation of facts.

Following an investor complaint, the NSE initiated a review of the company's financial disclosures in the RHP.

Based on the findings, the exchange instructed C2C Advanced Systems to disclose the auditor's observations along with its comments.

However, despite multiple opportunities, the company failed to comply. As a result, the findings were released in its latest exchange filing on 10 February 2025.

The auditor's report highlighted inconsistencies between the financial data presented in the RHP and the company's audited financial statements, raising concerns among investors.

Cera Sanitary Slips 4%. Here's Why

Moving on to news from the tiles sector, shares of Cera Sanitaryware fell as much as 3.9% on 11 February 2025, hitting an intraday low of Rs 6,330.7 per share. The decline followed the company's weaker-than-expected Q3 earnings.

Cera Sanitaryware reported a 9.8% year-on-year drop in net profit, which stood at Rs 460 m in Q3FY25, compared to Rs 510 m in Q3FY24.

Meanwhile, revenue saw a modest 3% increase to Rs 4,523 m from Rs 4,390 m in the same quarter last year. However, EBITDA margin contracted by 0.4% to 13.6% in Q3FY25 from 14% in Q3FY24, adding to investor concerns.

Cera Sanitaryware Limited is a key player in the bathroom and kitchen products industry, offering a range of sanitaryware, faucets, tiles, and wellness solutions.

Founded in 1980 and originally known as Madhusudan Oils and Fats Limited, the company operates a state-of-the-art manufacturing plant in Kadi, Gujarat.

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