Stock Market LIVE Updates: Sensex Drops, JM Financial Gains on Tax Refund
JM Financial Surges 4% After ₹230 Crore Tax Refund
Shares of JM Financial surged 4% in early trade on Friday, February 21, hitting an intraday high of ₹108 on the BSE. The rally came after the company announced that it had received a ₹230 crore tax refund from the Income Tax Department of India. Investors responded positively to the news, boosting buying interest in the stock.
(Time: 10:58 AM IST, February 21, 2025)
Market Volatility: Hemang Jani Sees Opportunities in Beaten-Down Stocks
Despite ongoing market uncertainty, market expert Hemang Jani remains optimistic about select beaten-down stocks. He sees the current downturn as an opportunity for investors to enter high-quality stocks that have corrected significantly. Among his top picks are:
- Trent
- Dixon Technologies
Both stocks have witnessed a correction of 30% or more, making them attractive for long-term investors looking for value opportunities.
(Time: 10:54 AM IST, February 21, 2025)
Sensex Drops 500 Points, Nifty Below 22,800
The broader market remains under pressure, with the Sensex slipping by 500 points and the Nifty falling below 22,800. Investors are closely watching global cues, economic data, and corporate earnings for further direction.
