Kolkata: The Indian stock market ended on a weak note on February 24, 2025, with Sensex plunging 856.65 points (-1.14%) to close at 74,454.41, while Nifty slipped 242.55 points (-1.06%) to 22,553.35.

Market Overview & Key Factors Behind the Decline

US Tariff Concerns: Investors remain apprehensive about the potential fallout of the US government’s move for higher tariffs, which could negatively impact Indian exports.
FII Selling Pressure: Foreign Institutional Investors (FIIs) continue to offload Indian equities, citing concerns over high valuations.
Sectoral Weakness: Heavy selling in banking, IT, telecom, and traditional economy sectors dragged the indices lower.

Let’s take a look at some of the top stocks in focus today:

Texmaco Rail and Engineering

• MoU with Polish tech firm Nevomo to develop Magrail technology, AI-powered railway innovations, and linear propulsion systems.
• The collaboration could lead to next-gen high-speed rail solutions and even driverless freight trains in India.

Biocon

• Biocon Biologics announced the US launch of YESINTEK (ustekinumab-kfce), a biosimilar to Stelara (ustekinumab).
• Used to treat Crohn’s disease, ulcerative colitis, and psoriatic arthritis.
• YESINTEK is among the first biosimilars to enter the US market, strengthening Biocon’s foothold in global biotech.

NTPC Green Energy

• Signed an MoU with Madhya Pradesh Power Generating Company to develop renewable energy parks in the state.
• The projects will focus on solar, wind, and hybrid energy solutions.
• Plans to establish a joint venture company to support Madhya Pradesh’s Renewable Energy Generation targets and fulfill the state's Renewable Purchase Obligation (RPO).

LIC (Life Insurance Corporation of India)

• Received a ₹57.28 crore GST demand order from the Assistant Commissioner, Delhi.
• The demand includes:
  • ₹31.04 crore GST
  • ₹23.13 crore interest
  • ₹3.10 crore penalty
• The demand pertains to the financial year 2020-21 (FY21).

IREDA (Indian Renewable Energy Development Agency)

• Shareholders approved a proposal to raise ₹5,000 crore through Qualified Institutions Placement (QIP) of equity shares.
• The fundraising plan was originally approved on January 23, 2025.
• This includes a 7% dilution of the Centre’s shareholding in the company post-issue.

With market volatility continuing, investors should watch global macroeconomic factors, US policy decisions, and sector-specific trends before making investment decisions. Stocks like Texmaco Rail, Biocon, and NTPC Green Energy remain potential growth stories, while LIC and IREDA are dealing with financial and regulatory challenges.