News for TATA STEEL LTD (TATASTEEL-BL.NS)

The Sensex fell 12.85 points to 74,102.32, while Nifty gained 37.60 points to close at 22,497.90. Realty stocks provided support, but IT and private banks dragged. Analysts cite easing valuations, lower crude prices, and upcoming inflation data as key market factors.

The NSE Nifty index closed 37.61 points up at 22497.9

The 30-share BSE Sensex was down 213.45 points at 73901.72

The Nifty IT index closed 0.47 per cent down at 37644.4.

The Nifty Realty index closed 2.04 per cent down at 799.7.

The Nifty Pharma index closed 0.6 per cent down at 20256.55.

Tata Steel stock gained 0.86% to Rs 152.85 on BSE today. Market cap of the firm stood at Rs 1.90 lakh crore

The Nifty IT index was trading 0.29 per cent up at 37931.6.

The Nifty Auto index was trading 0.29 per cent down at 20949.0.

The Nifty Pharma index was trading 0.46 per cent up at 20471.25.

The NSE Nifty index was trading 82.91 points up at 22635.4

The Nifty Bank index was trading 0.09 per cent up at 48541.75.

Indian markets ended flat on Friday, with gains in Reliance Industries offsetting losses in IT stocks amid cautious market sentiments. Global uncertainties due to U.S. tariffs and trade policy concerns weighed on investor sentiment. While Nifty showed short-term potential, analysts suggest focusing on large caps and fundamental stocks for future growth amidst ongoing market volatility.

The Indian market is showing signs of stabilization despite global economic concerns and FII outflows. Nifty is in a corrective phase, with a trend reversal contingent on breaking the 23,807 level. The Bank Nifty remains range-bound, and select stocks like Kotak and HDFC Bank show potential. Metal stocks, especially Tata Steel and JSW Steel, are poised for upside, driven by global factors.

Ratan Tata, the former chairman of the Tata Group, who led the conglomerate for over two decades, passed away last year at the age of 86. He was instrumental in expanding the group's global footprint with significant acquisitions and was known for his philanthropic efforts and investments in Indian startups.

Top gainers on Friday included Reliance, Nestlé, Tata Motors, Adani Ports, and Tata Steel; Zomato, IndusInd Bank, NTPC, Infosys, and HCL were laggards.

Indian stock markets closed volatile session with Sensex down and Nifty up, influenced by global cues and sector performance.

The Nifty Pharma index closed 0.22 per cent down at 20378.3.

The Nifty Realty index closed 1.19 per cent down at 816.35.