NLC-India-Jumps

NLC India Ltd, a major player in power generation and distribution, emerged as one of the top gainers

 

The Indian stock market showed resilience on February 4, 2025, with major benchmark indices trading higher. Investors responded positively to economic developments and corporate earnings, with BSE Sensex and NSE Nifty50 posting steady gains. The upbeat sentiment was fueled by optimism surrounding global trade, government policy support, and improving macroeconomic indicators.

The BSE Sensex surged by 359.93 points (0.47%) to reach 77,546.67, while the Nifty50 advanced by 114.20 points (0.49%) to trade at 23,475.25. Broader market participation remained strong, with BSE MidCap rising 1.23% and BSE SmallCap gaining 1.02%.

Sectoral performance showed mixed trends. The Nifty FMCG index was the only laggard, dipping 0.46%, while other indices traded in positive territory. The Nifty Metal index led the gains with a 2.29% surge, followed by PSU Bank stocks, which climbed 1.78%, and the Auto sector, which added 1.68%. The IT and Oil indices also posted gains of over 1%, indicating broad-based buying across multiple sectors.

 

Top Gainers of the Day

 

NLC India Soars in the Power Sector

 

NLC India Ltd, a major player in power generation and distribution, emerged as one of the top gainers. The stock climbed 10.41% to ₹233.33, supported by strong quarterly performance and favorable government policies promoting renewable energy. Investor sentiment remained optimistic about capacity expansion and the company’s increasing role in India's energy transition.

 

Nuvama Wealth Gains Amid Strong Financial Sector Performance

 

Financial stocks maintained momentum, with Nuvama Wealth gaining 7.34% to trade at ₹5,483.65. The company’s consistent growth in wealth management services, rising asset under management (AUM), and increasing client base contributed to investor confidence. The financial services sector remains a key beneficiary of India's expanding economy and improving disposable income levels.

 

Sundaram Finance Sees Strong Demand in Leasing & Hire Purchase

 

Sundaram Finance, a leader in leasing and hire purchase services, gained 6.4%, reaching ₹4,587.70. The stock’s upward movement was driven by increased vehicle financing demand and higher credit disbursement in the commercial vehicle segment. Analysts expect continued growth in consumer lending and vehicle leasing, further boosting the company’s earnings outlook.

 

Jindal Saw Leads Steel Sector Gains

 

The steel industry remained in focus, with Jindal Saw rising 5.97% to ₹247.75. Strong infrastructure spending and higher demand for steel pipes and tubes contributed to the stock’s positive performance. Global steel prices remained stable, helping Indian manufacturers maintain profitability despite economic uncertainties.

 

Motherson Advances in the Auto Ancillary Sector

 

Auto component manufacturer Motherson witnessed a 5.71% increase, with the stock trading at ₹138.07. The company’s strong order book and expansion into electric vehicle (EV) components have boosted investor sentiment. The ongoing recovery in the automobile sector and increasing vehicle sales have further fueled demand for auto parts, benefiting Motherson.

 

Inox Wind Gains as Renewable Energy Stocks Surge

 

In the power generation sector, Inox Wind rose 5.38% to ₹170.50. Growing investment in renewable energy projects and government incentives for wind power expansion supported the stock’s performance. The company’s focus on wind energy solutions and project execution efficiency continues to attract institutional investors.

 

Poly Medicure Rises in the Healthcare Sector

 

Poly Medicure, a leading company in medical devices and healthcare solutions, saw a 4.98% increase to ₹2,396.85. Strong demand for hospital equipment and surgical products contributed to its positive momentum. India’s expanding healthcare sector and rising demand for advanced medical solutions are expected to support the stock’s continued growth.

 

Aegis Logistics Gains on Strong Transport and Logistics Demand

 

Aegis Logistics, a key player in transport and logistics, advanced 4.85% to ₹710.65. The company benefited from rising demand for storage and supply chain solutions, particularly in the energy and industrial sectors. Increased activity in India's ports, terminals, and fuel storage operations has bolstered earnings projections for logistics firms.

 

Castrol Sees Gains in Lubricants Sector

 

Lubricant manufacturer Castrol gained 4.81%, reaching ₹184.96. The rise in industrial and automotive lubricant demand supported the stock’s upward movement. Castrol’s strategic initiatives in the EV lubricants and synthetic oil segment are expected to drive future revenue growth.

 

BHEL Gains on Infrastructure Boom

 

Bharat Heavy Electricals Limited (BHEL) added 4.36%, closing at ₹204.80. The infrastructure giant benefited from increased government spending on power and heavy industries. The company’s pipeline of engineering and construction projects has attracted renewed interest from investors looking at long-term industrial growth.

 

Global Market Trends and Economic Factors

 

Stock market movements also reflected global trade developments. Investors reacted to the temporary pause in tariffs on Mexican and Canadian imports announced by the U.S. government. Asian markets responded positively, with Japan’s Nikkei 225 rising 1.49%, South Korea’s Kospi gaining 2.11%, and Hong Kong’s Hang Seng advancing 1.4%.

The Indian manufacturing sector reported strong growth, with the Purchasing Managers' Index (PMI) rising to 57.7 in January. This rebound from a 12-month low of 56.4 was driven by higher export orders and strong domestic demand. Industrial expansion and economic stability continue to play a crucial role in supporting market sentiment.

 

Market Outlook and Upcoming Events

 

Market participants are closely watching the Reserve Bank of India (RBI) monetary policy meeting scheduled for February 7, 2025. The central bank’s decision on interest rates will influence liquidity conditions and credit availability in the market.

The recent Union Budget focused on capital expenditure, tax cuts, and economic growth initiatives. These measures have provided a boost to multiple sectors, particularly infrastructure, financial services, and renewable energy. Investors remain optimistic about policy-driven economic expansion.

Corporate earnings season continues to impact stock movements, with major companies set to report third-quarter results in the coming days. Strong earnings from financial, auto, and industrial firms are expected to support continued market gains.

The stock market remained positive, with major indices Sensex and Nifty50 posting gains. Top-performing stocks, including NLC India, Nuvama Wealth, Sundaram Finance, and Jindal Saw, reflected strong investor interest across power, finance, steel, and auto sectors.

Global trade developments, economic indicators, and corporate earnings will continue to influence the market’s trajectory. Investors should remain watchful of sectoral trends, monetary policy decisions, and geopolitical factors to navigate the stock market effectively.