The Sensex closed at 81,867.55, up 126 points or 0.15%, while the Nifty 50 ended 60 points or 0.24% higher at 25,010.90. This positive movement was driven by strong performances from HDFC Bank and Reliance Industries.
However, mid and small-cap indices faced profit booking due to concerns over high valuations, with the BSE Midcap index falling 0.80% and the Smallcap index losing 0.70%.
Impact on the stock market
Sectoral indices saw significant losses with Nifty Media down 1.89%, Realty down 1.70%, PSU Bank down 0.99%, and Auto down 0.74%.
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| Sector/Index | Performance |
| IT & BPM sector | -0.35% |
| Healthcare sector | +0.27% |
| Oil & Gas sector | +0.35% |
| Real estate sector | -1.70% |
| PSU Bank in India | -0.99% |
Top gainers today
| Company | Price | Change (%) |
| Power Grid Corp Share Price | 2,925.00 | +9.18 |
| Coal India Share Price | 4,790.60 | +5.36 |
| ONGC Share Price | 1,575.00 | +5.00 |
| Dr Reddys Labs Share Price | 1,514.40 | +4.50 |
| Shriram Finance Share Price | 6,664.55 | +4.37 |
Top losers today
| Company | Price | Change (%) |
| M&M Share Price | 2,828.40 | -2.73 |
| Hero Motocorp Share Price | 5,371.85 | -2.12 |
| Tata Steel Share Price | 163.06 | -1.37 |
| SBI Share Price | 862.65 | -1.12 |
| Tata Motors Share Price | 1,144.40 | -1.06 |
Market aftermath: Impact on stocks
Aster DM soars 8% on strong Q1 earnings
Aster DM Healthcare witnessed a significant surge in its stock price, rising around 8% after reporting robust Q1 FY25 earnings. The company’s revenue for the quarter grew 20% year-on-year to ₹ 1,002 crore, while net profit rose 80% to ₹ 74 crore.
The strong performance was driven by higher ARPoBs and improved occupancy rates. The company’s operational performance also saw an improvement, with the EBITDA margin expanding to 17.7% in Q1 FY25 from 15.3% in the same period last year.
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Adani Enterprises Q1 profit jumps 116% to ₹ 1,455 cr
Adani Enterprises reported a 116% surge in net profit for Q1 FY25, reaching ₹ 1,455 crore. The company’s revenue from operations rose 12.5% year-on-year to ₹ 25,472 crore.
The significant increase in profit and revenue was attributed to the growth in the ‘new energy ecosystem’ and improved operating margins. Following the strong quarterly results, Adani Enterprises’ stock rose by 1.2%, closing at ₹ 3,206.6 on NSE.
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Tata Steel drops 3% as Q1 earnings miss expectations
On the flip side, Tata Steel saw its stock fall by over 3% after its Q1 earnings failed to meet market expectations. Despite a 51% increase in consolidated net profit to ₹ 960 crore, the company’s revenue from operations fell 8% year-on-year to ₹ 54,771 crore.
This was below analysts’ expectations and contributed to the negative sentiment around the stock. The stock’s decline highlights the market’s sensitivity to earnings performance, especially when it comes to large-cap companies with significant market influence.
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Crude oil price decline
Crude oil futures traded higher on Thursday morning due to fears of possible supply disruptions in Iran. Brent oil futures were at $81.45, up by 0.75%, and September crude oil futures on WTI were at $78.58, up by 0.86%.
On the Multi Commodity Exchange (MCX), August crude oil futures were trading at ₹6583, up by 0.90%, against the previous close of ₹6524. The market is also closely watching the outcome of the OPEC+ meeting, which is expected to discuss production levels amid recent price weaknesses.
Conclusion
Overall, the Indian stock market showed resilience with the Sensex and Nifty 50 closing at new highs. However, the mixed performance across different market segments highlights the ongoing cautious sentiment among investors.
While heavyweight stocks continue to drive the indices higher, mid and small-cap stocks face pressure from profit booking.
The global market developments, particularly in the crude oil sector, are also playing a crucial role in shaping investor sentiment. As always, staying informed and vigilant is key in navigating these dynamic market conditions.
Stay tuned on StockGro for more updates on market trends.
