The Sensex closed at 81,444.66, down by 138.64 points or 0.17%, after hitting an intraday low of 81,237. The Nifty50 followed suit, settling at 24,812.05, a drop of 41.35 points or 0.17%.
The broader indices also ended in the red. The Nifty Midcap100 fell by 0.46%, while the Nifty Smallcap100 dropped by 0.23%, indicating weakness in smaller stocks. Sectoral performance was also mixed, with the Nifty Media index emerging as the top loser, down by 1.27%.
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Impact on the stock market
While auto and private banking stocks managed to find some ground, other sectors faced downward pressure:
- Nifty IT, Metal, Oil & Gas, Realty, Energy, PSU Bank, and FMCG all saw declines today, reflecting broad-based weakness in multiple sectors.
- The Nifty Consumer Durables, Auto, and Bank indices bucked the trend, closing in positive territory, showing resilience in specific sectors despite overall market decline.
| Sector/Index | Performance |
| IT & BPM sector | -0.83% |
| Healthcare sector | -0.59% |
| Oil & Gas sector | -0.48% |
| Real estate sector | -0.47% |
| PSU Bank in India | -0.41% |
Top gainers today
| Company | Price (in ₹) | Change % |
| IndusInd Bank Share Price | 850.50 | 5.11 |
| Trent Share Price | 5,735.00 | 1.93 |
| Titan Company Share Price | 3,467.80 | 1.82 |
| Maruti Suzuki Share Price | 12,748.00 | 1.21 |
| M&M Share Price | 3,041.10 | 1.13 |
Top losers today
| Company | Price (in ₹) | Change % |
| TCS Share Price | 3,451.40 | -1.82 |
| Adani Ports Share Price | 1,372.60 | -1.41 |
| HUL Share Price | 2,297.30 | -1.34 |
| JSW Steel Share Price | 986.35 | -1.33 |
| Adani Enterpris Share Price | 2,459.10 | -1.18 |
Market aftermath: Impact on stocks
Adani Ports – Concern Over Middle East Tensions
Shares of Adani Ports continued to slide today, dropping by 2%. This marks the sixth consecutive session of losses for the company, which has been under pressure due to the ongoing Israel-Iran conflict. Adani Ports owns a majority stake in Haifa Port in Israel, which is directly in the line of fire amid the escalating missile attacks between Israel and Iran.
While the company has reassured investors that operations at the port have not been disrupted, the rising concerns over the safety and potential disruption to the port’s operations have weighed heavily on the stock. The stock has dropped over 6% in the past five days, though it has gained 13% over the past six months.
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Wockhardt – A Pharma Stock on the Rise
In contrast, Wockhardt has been on a tear, with shares surging by 8% today. The pharma stock has been one of the most exciting plays over the past month, rising nearly 45% in just 30 days. This upward momentum is largely driven by high trading volumes, with over 35 lakh shares being actively traded in the first few hours of the session.
A key catalyst for the stock’s rise is the progress of Zaynich, a breakthrough antibiotic that Wockhardt plans to file for approval with the US FDA. The company’s Q4FY25 results also showed an impressive improvement in its bottom line, with a 6% YoY revenue growth and a significant turnaround in operational performance.
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Waaree Energies – Impact of US Policy Shifts
Waaree Energies saw a drop of 2% as a result of a proposed policy change in the US that could hurt the solar industry. The US Senate panel’s plan to phase out solar and wind energy incentives by 2028 has caused a ripple effect, with Waaree and other major players in the sector facing declines.
The proposed phase-out of tax credits comes after Trump’s earlier tax proposals, which aimed to cut subsidies for renewable energy projects. For Waaree, which has significant operations in the US, this could mean margin pressure as tax incentives play a key role in the profitability of renewable energy projects. Over the last five days, the stock has fallen by more than 5.5% and 8% in the last month.
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Crude Oil: Rising Tensions Affecting Prices
Crude oil prices have seen a slight increase today as the Israel-Iran conflict entered its sixth day. Both Brent and WTI futures are up, with Brent trading at $76.69, up by 0.31%, and WTI at $73.44, up by 0.23%. The geopolitical tensions in the Middle East, particularly involving Iran, which is one of the largest oil producers globally, have raised concerns about potential disruptions in oil supplies.
In India, crude oil futures have also risen by 0.87%, with June futures trading at ₹6,482. The global volatility, coupled with a sharp decline in US oil inventories, has made the oil market more sensitive to geopolitical developments. If tensions continue, there could be further pressure on oil prices, which would have broad implications for global inflation and the Indian economy.
Conclusion: A Mixed Bag for Investors
The Indian stock market today reflected the global uncertainty driven by geopolitical factors. Despite some recovery from the lows, the Sensex and Nifty50 remained in the red, weighed down by sectoral losses and heightened caution among investors. Stocks like Adani Ports were negatively impacted by the ongoing Israel-Iran conflict, while Wockhardt benefited from strong performance in its business and promising new drug approvals.
For investors, the situation remains fluid, and it’s essential to stay informed about global events, especially those involving oil prices and geopolitical risks. As we await the US Federal Reserve’s decision on interest rates and any potential guidance on economic risks, market volatility is likely to persist.
In the meantime, sectors like auto, private banks, and pharma might offer some opportunities, but always be prepared for the uncertainty that comes with global economic and political developments.
For more stock market insights, check out the StockGro blog.
