The Indian stock market closed on a negative note today, with both the BSE Sensex and NSE Nifty50 experiencing losses. The BSE Sensex dropped by 511.38 points, or 0.62%, settling at 81,896.79, while the NSE Nifty50 also ended in the red, down by 140.50 points, or 0.56%, at 24,971.90.
Despite the losses in the major indices, the broader markets showed some resilience, with the Nifty Midcap100 and Smallcap100 indices gaining 0.36% and 0.70%, respectively. The India VIX, which measures market volatility, rose by 2.74%, closing at 14.05 points, indicating increased uncertainty among investors.
You may also like: Mahindra vs Ashok Leyland: Who’s leading the commercial vehicle market
Impact on the stock market
Looking at sector-specific performance, the Nifty IT index was the worst performer, down by 1.48%. This drop was largely attributed to stocks like Coforge and Persistent Systems. Other sectors, including Bank Nifty, Auto, FMCG, and Realty, also ended lower. However, there were bright spots, with the Metal, Consumer Durables, Pharma, and Media sectors closing in the green.
| Sector/Index | Performance |
| IT & BPM sector | -1.52% |
| Healthcare sector | -0.21% |
| Oil & Gas sector | 0.10% |
| Real estate sector | -0.08% |
| PSU Bank in India | -0.08% |
Top gainers today
| Company | Price (in ₹) | Change % |
| Trent Share Price | 6,120.00 | 3.77 |
| Bharat Elec Share Price | 420.90 | 3.10 |
| Hindalco Share Price | 661.40 | 1.89 |
| Bajaj Finance Share Price | 915.50 | 1.16 |
| Adani Enterpris Share Price | 2,472.00 | 0.96 |
Top losers today
| Company | Price (in ₹) | Change % |
| Infosys Share Price | 1,584.00 | -2.40 |
| Larsen Share Price | 3,583.70 | -2.14 |
| HCL Tech Share Price | 1,703.20 | -2.11 |
| Hero Motocorp Share Price | 4,253.10 | -1.97 |
| M&M Share Price | 3,135.00 | -1.55 |
Market aftermath: Impact on stocks
Zen Tech’s Big Move into UAV Space
Zen Technologies, a prominent player in the defence-tech sector, made headlines today. The company hit its upper circuit limit, rising by 5%, following the announcement of its acquisition of a controlling stake in TISA Aerospace Pvt. Ltd., a company focused on unmanned aerial vehicles (UAVs) and loitering munitions.
This deal, valued at ₹6.56 crore, marks Zen’s entry into the growing UAV market, expanding its business beyond its traditional focus on defence training systems and anti-drone solutions. TISA, although a smaller player with a turnover of ₹1.81 crore in FY25, has already delivered projects for DRDO, a significant credibility boost in India’s defence space.
Looking ahead, Zen Technologies is aiming for substantial growth, projecting a compound annual growth rate (CAGR) of 50% between FY26 and FY28. With an order book of ₹691.94 crore as of March 2025, the company is eyeing fresh orders worth ₹800 crore in the first half of FY26 alone.
Also read: Zen Technologies Share Price Drops After Q3 Results
Adani Enterprises Expands into Green Hydrogen
Adani Enterprises, the flagship company of the Adani Group, also made waves today, with shares rising by 1.5%. The uptick came after the company announced the commissioning of India’s first off-grid 5 MW green hydrogen pilot plant in Kutch, Gujarat.
This groundbreaking facility, powered entirely by solar energy, integrates a Battery Energy Storage System (BESS) and a dynamic electrolyzer system, positioning the plant to lead the way in renewable-powered hydrogen production. This marks a major milestone in Adani’s green hydrogen strategy, and aligns with India’s National Green Hydrogen Mission.
This project is expected to set the stage for the Adani Group’s upcoming Green Hydrogen Hub in Mundra, Gujarat. Adani Enterprises has been on a solid growth trajectory, with shares up by more than 6% in the past six months, although the stock has faced some pressure recently, falling over 2% in the past five days.
Also read: Vishal Mega Mart share price rises as HDFC Mutual Fund increases stake
Shipping Corporation of India Surges Amid Strait of Hormuz Concerns
Shares of Shipping Corporation of India (SCI) rose by 4% today, driven by concerns of a potential disruption in the Strait of Hormuz. The fear of shipping route disruptions, particularly for crude oil transportation, boosted SCI stock, which has significant exposure to this sector.
The rise in SCI shares comes in the wake of the escalating geopolitical tension in the Middle East, especially following the US strikes on Iran’s nuclear facilities. As the largest tanker owner in India, SCI stands to benefit from higher freight rates if the Strait of Hormuz is disrupted, forcing oil tankers to take longer, costlier routes.
This has sparked a rally in SCI stock, which has gained nearly 12% since June 13, as the conflict between Israel and Iran intensifies. The ripple effect of this news was also seen in Great Eastern Shipping, whose shares rose by 1%.
You may also like: Why Shipping Corporation of India shares surging
Crude Oil Prices Surge After US Strikes on Iran
Crude oil prices saw an uptick today, as the US launched attacks on nuclear sites in Iran, escalating the ongoing conflict. Brent crude futures surged by 1.89%, trading at $76.91, while WTI crude futures rose by 2.02%, trading at $75.33.
The geopolitical tensions in the region have spooked markets, leading to fears of oil supply disruptions, particularly through the Strait of Hormuz, a critical global shipping route for crude oil. The possibility of a blockade or disruption in the strait has sparked concerns over global oil supply, driving prices higher.
India, being a major importer of crude oil, is expected to feel the impact of these rising prices, adding further pressure on inflation and economic growth.
Conclusion
The Indian stock market today was largely influenced by global events, with tensions in the Middle East affecting investor sentiment. While the benchmark indices faced losses, specific stocks in the defence, energy, and shipping sectors saw significant moves. Zen Tech’s expansion into UAVs, Adani Enterprises’ green hydrogen push, and SCI’s gains amidst geopolitical concerns were among the day’s key highlights.
As global tensions continue to rise, investors will need to stay alert, with volatility expected to persist in the short term. The impact of these developments on the broader market remains to be seen, but one thing is clear – geopolitical events are once again playing a pivotal role in shaping market dynamics.
For more stock market insights, check out the StockGro blog.
