Financials, auto stocks pull India's benchmarks lower
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
0mins
Source: Reuters
Market Decline: India's benchmark indexes fell due to declines in financial and automobile stocks, with concerns over U.S. tariffs and foreign investor outflows impacting sentiment. The Nifty 50 and BSE Sensex dropped by 0.67% and 0.66%, respectively.
Sector Performance: Financials and auto sectors faced significant losses, with ICICI Bank down 1.7% and auto stocks falling 2.5% amid potential changes to electric vehicle import duties. In contrast, L&T Technology Services rose 3% following an upgrade from Macquarie.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
