Both the BSE Sensex and Nifty50 closed in the red today, driven by a broad-based selloff in multiple sectors. The BSE Sensex fell by 689.81 points, or 0.83%, ending at 82,500.47, while the Nifty50 dropped 205.4 points, or 0.81%, closing at 25,149.85.
The broader markets followed a similar trajectory, with the Nifty MidCap and Nifty SmallCap indices losing 0.88% and 1.02%, respectively.
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Impact on the stock market
Sectoral indices performance
On the sectorial front, the biggest losses came from the Nifty IT and Nifty Auto indices, both dropping nearly 1.8% each. IT stocks have been under pressure following the disappointing Q1 results from TCS, which has a major influence on the broader market. The Nifty Realty, Oil & Gas, Media, Energy, Bank, Metal, and Consumer Durables sectors also closed in the red, further contributing to the decline.
However, there was a glimmer of positive movement in the Nifty FMCG and Pharma sectors, both of which saw gains, showcasing the resilience of defensive stocks in a time of heightened volatility.
| Sector/Index | Performance |
| IT & BPM sector | -1.78% |
| Healthcare sector | 0.07% |
| Oil & Gas sector | -1.26% |
| Real estate sector | -1.21% |
| PSU Bank in India | -0.14% |
Top gainers today
| Company | Price (in ₹) | Change % |
| HUL Share Price | 2,519.60 | 4.62 |
| SBI Life Insura Share Price | 1,835.20 | 1.38 |
| Axis Bank Share Price | 1,173.80 | 0.82 |
| Kotak Mahindra Share Price | 2,220.60 | 0.76 |
| IndusInd Bank Share Price | 858.85 | 0.70 |
Top losers today
| Company | Price (in ₹) | Change % |
| TCS Share Price | 3,266.00 | -3.43 |
| M&M Share Price | 3,073.20 | -2.82 |
| Bajaj Auto Share Price | 8,067.00 | -2.63 |
| Wipro Share Price | 258.30 | -2.55 |
| Hero Motocorp Share Price | 4,218.70 | -2.37 |
Market aftermath: Impact on stocks
Oswal Pumps: Declining profits drag shares down
Shares of Oswal Pumps plunged 5% after the company reported a 21% decline in its sequential net profit for Q4FY25. The company’s net profit stood at ₹63 crore for the quarter, down from ₹80 crore in the previous quarter. While revenue also fell by nearly 4% sequentially, it was a stark contrast to the impressive year-on-year revenue growth of over 58%.
Despite a solid YoY performance, the market’s reaction was based on the sharp decline in quarterly earnings, reflecting investor caution. The share price touched a low of ₹685.55 on the NSE, reflecting a steep intraday drop.
Also read: Oswal Pumps IPO Details, Dates, Price Band & Lot Size
JP Power: A surge driven by acquisitions
On the other hand, shares of JP Power surged 8%, hitting a 52-week high of ₹24.86. The surge came after reports suggested that the Adani Group, led by billionaire Gautam Adani, was the highest bidder for acquiring Jaiprakash Associates. JP Power is a subsidiary of Jaiprakash Associates, and any potential acquisition by a financially strong company like Adani Group is seen as a positive development.
Experts are advising a cautious approach, as the stock faces resistance at the ₹24–24.85 range. While a breakout above this could lead to further upside towards ₹26–27, a sideways consolidation phase is likely in the short term.
Hindustan Zinc: Benefiting from silver price surge
Hindustan Zinc saw a 1.5% rise in its share price as silver prices continued to hit new highs. As India’s largest producer of silver, the company benefits directly from rising silver prices, which saw a fresh lifetime high of ₹1.11 lakh per kg on the Multi Commodity Exchange (MCX). The bullish outlook on silver, coupled with Hindustan Zinc’s dominance in the market, has attracted investors to the stock. Analysts are optimistic about the stock’s future performance, with a target price of ₹450.
Crude Oil Prices: A Global Factor
Crude oil prices also showed some movement today, with futures trading higher following statements by former President Donald Trump regarding Russia. July crude oil futures on the Multi Commodity Exchange (MCX) rose by 0.33%, trading at ₹5,737 per barrel, while Brent oil futures on the global front also saw a small increase of 0.22%. The global market was buoyed by Trump’s comments about imposing major tariffs on countries purchasing oil from Russia, adding to the already complex geopolitical landscape.
In addition, analysts from ING Think noted that OPEC+ supply hikes were nearing their end, suggesting that any increases in production could be short-lived. Despite this, the oil market remains tight, especially during the northern hemisphere’s summer months, which is keeping prices elevated.
Conclusion
Today’s market performance shows how sensitive the Indian equity market is to global and domestic economic factors. With volatility spiking, driven by weaker earnings reports and geopolitical tensions, investors are understandably cautious. As we head into the weekend, it’s crucial for market participants to stay informed on key events, including updates from global commodity markets and Indian corporate earnings, to navigate these turbulent times effectively.
While the market today had its share of negative news, there are still bright spots like silver-related stocks and ongoing acquisitions that keep investors on their toes. Whether the market continues this trend of decline or recovers soon depends on the upcoming data and global developments—so stay tuned and keep a close eye on the numbers.
For more stock market insights, check out the StockGro blog.
