Stock Market Wrap-Up: Nifty 50 Closes Below 22,100

Market Close Update (March 4, 2025 – 3:19 PM IST)
The Nifty 50 ended the day at 22,100, down 0.17%. Out of the 50 stocks in the index, 28 declined while 22 gained.

• Biggest Losers: Bajaj Auto (-4.98%), Hero MotoCorp (-3.05%), Bajaj Finserv (-2.62%)
• Top Gainers: BPCL (3.15%), SBI (2.93%), BEL (2.89%)

IT Stocks Could Face More Losses (3:05 PM IST)
Sandip Agarwal, a fund manager at Sowilo Investment Managers (₹158 crore in assets), warned that Indian IT stocks may see further declines despite their history of bouncing back from downturns.

Gensol Engineering Shares Plummet (2:53 PM IST)
Gensol Engineering’s stock hit a 20% lower circuit after CARE Ratings downgraded its credit facilities. Over the past year, retail investors have increased their holdings nearly fivefold.

CFO Resignation at Signpost India (2:49 PM IST)
Rameshwar Prasad Agrawal, CFO of Signpost India, has announced his resignation, effective March 31, 2025.