Share Market: India’s benchmark indices, Sensex and Nifty 50, witnessed a massive drop on Friday, February 28, 2025. Sensex (index with top 30 firms) tumbled 1,414.33 points to settle at 73,198.10 points, whereas Nifty50 (index with top 50 firms) was down 420.35 points to settle at 22,124.70 points.
With all this, Sensex witnessed a drop of over 2,112.96 points in just a week. Meanwhile, Nifty50 dropped 671.2 points during this period.
On Friday, only 29 out of 30 Sensex constituents ended the trade in red, while only the shares of HDFC Bank closed in the green. The losses among the Sensex packed stocks ranged between -0.04% and -6.19%. Moreover, Tech Mahindra was the biggest loser on Friday with stock tumbling 6.19% to settle at Rs 1,488.90 apiece.
Share of HDFC Bank surged 1.86% to settle at Rs 1,731.10 apiece on Friday, February 28, 2025. Furthermore, the intraday high for the company’s share stood at Rs 1,736.80 per share, whereas the intraday low was Rs 1,681.30 apiece.
Share Market: Why Only HDFC Bank Stock Surged?
HDFC Bank’s stock price surged by nearly 2% on Friday, February 28. This was primarily because of the Reserve Bank of India’s (RBI) recent decision to reduce risk weights. According to analysts at Nuvama Institutional Equities, this policy change may boost bank loan growth and increase liquidity in the system over the coming months.
Moreover, the 52-week low for the company’s shares on Bombay Stock Exchange (BSE) is Rs 1,398 apiece, whereas the 52-week high is Rs 1,880. The company’s shares hit the 52-week low on February 29, 2024, whereas the 52-week high registered on December 9, 2024.
According to the data available with the BSE, the company’s current market capitalization stands at Rs 13,24,411.31 crores.
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