- BSE Sensex: Closed at 81,148.22, down 1,281.68 points (1.5%)
- Nifty50: Finished at 24,578.35, down 346.35 points (1.39%)
Despite the downturn in the major indices, BSE Midcap gained 0.17%, and BSE Smallcap rose by 0.99%, indicating that smaller stocks managed to defy the broader market trend.
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Impact on the stock market
While the broader market did show some resilience, the major benchmarks were dragged down by several sectors:
- Nifty Auto, Financial Services, FMCG, and IT: All fell by over 1%
- Nifty Bank, Metal, Oil & Gas, Realty, and Consumer Durables: Also saw losses of up to 1%
| Sector/Index | Performance |
| IT & BPM sector | -2.36% |
| Healthcare sector | 0.97% |
| Oil & Gas sector | -0.91% |
| Real estate sector | -0.72% |
| PSU Bank in India | 1.56% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Bharat Elec Share Price | 335.75 | 4.01 |
| Hero Motocorp Share Price | 4,063.60 | 1.97 |
| Jio Financial Share Price | 267.40 | 1.71 |
| Dr Reddys Labs Share Price | 1,207.10 | 0.96 |
| Sun Pharma Share Price | 1,700.00 | 0.82 |
Top losers today
| Company | Price (in ₹) | Change % |
| Infosys Share Price | 1,568.60 | -3.58 |
| Power Grid Corp Share Price | 298.45 | -3.43 |
| Eternal Share Price | 231.65 | -3.28 |
| HCL Tech Share Price | 1,619.60 | -3.04 |
| TCS Share Price | 3,515.00 | -2.91 |
Market aftermath: Impact on stocks
Hero Motocorp: Q4 results and positive outlook
In a bit of good news, Hero MotoCorp reported strong Q4 results, which led to a 2.5% surge in their stock price. The company announced:
- Net Profit: ₹1,081 crore (up 6% YoY)
- Revenue: ₹9,938.65 crore (up 4.4% YoY)
- Dividend: ₹65 per share for FY25
Hero MotoCorp also recorded its highest-ever EV sales, which were nearly 200% higher than the previous year. The stock surged to ₹4,089, reflecting investor optimism.
Vishal Mega Mart hit an all-time high
Vishal Mega Mart shares jumped by 7%, hitting an all-time high of ₹130.37. The stock’s positive momentum continued as it traded at ₹130.14 by the end of the session, driven by strong market activity and investor sentiment. Here’s a breakdown of their financial performance:
- Q4 Performance: Revenue of ₹1,468.65 crore and net profit of ₹107.28 crore
- Annual Performance: Revenue of ₹5,946.60 crore and net profit of ₹472.57 crore
- EPS: ₹1.05, showing growth compared to previous years
This performance placed Vishal Mega Mart among the top gainers in the NIFTY Midcap 150 index, a reflection of robust investor sentiment.
KPIT technologies consistent growth
KPIT Technologies also had a solid day, with shares rising by 1.85% to ₹1,349.60. This surge followed the company’s consistent financial growth:
- Revenue: ₹5,842.35 crore (up from ₹2,035.74 crore in 2021)
- Net Profit: ₹836.80 crore (up from ₹147.10 crore in 2021)
- EPS: ₹30.93 (up from ₹5.43 in 2021)
KPIT’s robust financial performance, coupled with bullish market sentiment, signals strong growth potential, which helped boost investor confidence.
Crude oil: Global concerns impact prices
In the commodities market, crude oil futures saw a decline today despite positive US-China trade talks:
- Brent Oil: Down 0.23% at $64.81
- WTI Crude: Down 0.18% at $61.84
- MCX May Crude Futures: ₹5,255 (down 0.70%)
- MCX June Crude Futures: ₹5,247 (down 0.64%)
This drop came despite progress in US-China trade negotiations, as concerns about global oil supply from OPEC+ and potential increases in Iranian crude exports continued to weigh on the market.
The market is also keeping an eye on the US-Iran nuclear talks, which could ease sanctions and boost oil supplies from Iran.
Conclusion
Today’s trading session was marked by significant concerns over geopolitical tensions and trade talks, which led to a market decline. However, there were some bright spots like Hero MotoCorp, Vishal Mega Mart, and KPIT Technologies, which showed strong performance despite the overall market weakness.
With the ongoing global issues, investors are likely to stay cautious in the near term. It will be interesting to see if smaller stocks in the midcap and smallcap sectors continue to outperform in the face of larger market volatility.
For more stock market insights, check out the StockGro blog.
