News for Sonata Software Limited (SONATSOFTW.BO)

Uncertainty over US trade policy prompted investors to press 'sell' button on domestic market today amid fears that reciprocal tariffs on Indian exports starting April, could impact multiple sectors.

Indian equity markets ended February on a subdued note, with Nifty having its worst monthly crash since the pandemic. Smallcap stocks faced significant declines, while 25 out of 30 Sensex stocks delivered negative returns, with 12 experiencing double-digit losses. The IT sector saw the steepest fall amid concerns over a weakening US business environment.

The analysis revealed that nearly 96% (255) of low beta stocks have dropped by double digits from their 52-week peak, with 5% (13 stocks) falling over 50%.

Sun Pharma Advanced Research Company has emerged as the biggest loser among BSE 500 stocks

The sharp drop in US consumer sentiment and persistent inflation concerns have triggered a selloff in Indian IT stocks, which have fallen up to 28% in a month. Experts cite tariff concerns, weak earnings, and FII outflows as key risks but recommend accumulating large-cap IT stocks for long-term stability.

DMart founder Radhakishan Damani has seen value of his holdings shrink by ₹64,000 crore, or 28%, since October 1, falling from ₹2.31 lakh crore to ₹1.67 lakh crore, according to primeinfobase.com data.

The Nifty remained volatile as the RBI Governor announced the monetary policy, said Rupak De, Senior Technical Analyst at LKP Securities. He added that the volatility did not push the index below the 21 EMA on the daily timeframe, signifying a positive short-term trend.

ONGC, ITC, SBI, Britannia and Adani Ports SEZ were among the top losers on NSE in today's trade.

In the Nifty 50 index, 27 stocks ended in the green, while 23 stocks closed in the red in today's trade.

The Nifty Bank index closed 0.44 per cent down at 50158.85.

The Nifty Pharma index closed 0.31 per cent up at 22077.0.

The Nifty Realty index closed 0.1 per cent up at 917.7.

In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.

The Nifty IT index closed 0.23 per cent down at 42921.65.

The Nifty Auto index closed 0.69 per cent up at 23459.95.

In the Nifty50 index, 27 stocks closed in the green, while 23 stocks ended in the red.

Sonata Software shares plunge 19% to a 52-week low after weak Q3 results. Revenue rises, but EBITDA drops 7.7% QoQ. Intl. business faces margin pressure.

Refinitiv StreetEvents Event TranscriptE D I T E D V E R S I O NSOFT.NS - Sonata Software LtdQ3 2025 Sonata Software Ltd Earnings CallFeb 06, 2025 / 12:30PM G

In the Nifty pack, 26 stocks were trading in the green, while 24 stocks were trading in the red.