CosmicTaco

Sensex and Nifty Dip Amid IT Stock Slump

CosmicTaco · 2025-02-20T10:42:56.844745+05:30

- Domestic equity benchmarks Sensex and Nifty 50 closed marginally lower, dragged by blue-chip IT stocks. Sensex dipped 28.21 points to 75,939.18, while Nifty dropped 12.40 points to 22,932.90. - Concerns over US tariffs on auto, semiconductors, and pharmaceuticals impacted Indian pharma and IT stocks, with pharma falling 0.7% and IT losing 1.3%. - Vaishali Parekh of Prabhudas Lilladher noted Nifty 50's recovery from 22,800 and Bank Nifty's bullish trend, recommending stocks like IREDA, BEL, and MRPL for intraday trading. Source: [Mint](https://www.livemint.com/market/stock-market-news/buy-or-sell-vaishali-parekh-recommends-three-stocks-for-today-february-20-2025-11739986370061.html), [Mint](https://www.livemint.com/market/stock-market-news/stocks-to-buy-today-a-bank-and-an-engineering-firm-are-marketsmith-india-s-top-picks-for-20-february-11739975088277.html)

Domestic equity benchmarks Sensex and Nifty 50 closed marginally lower, dragged by blue-chip IT stocks. Sensex dipped 28.21 points to 75,939.18, while Nifty dropped 12.40 points to 22,932.90.
Concerns over US tariffs on auto, semiconductors, and pharmaceuticals impacted Indian pharma and IT stocks, with pharma falling 0.7% and IT losing 1.3%.
Vaishali Parekh of Prabhudas Lilladher noted Nifty 50's recovery from 22,800 and Bank Nifty's bullish trend, recommending stocks like IREDA, BEL, and MRPL for intraday trading.

Source: Mint, Mint