Nifty 50 hit a record high of 24,837.75, and the Sensex reached a fresh peak of 81,522.55. The Nifty 50 settled at its new closing high of 24,800.85, up 0.76%, while the Sensex ended at 81,343.46, up 0.78%. Despite the rise in large-cap indices, the BSE Midcap index fell by 0.99% and the BSE Smallcap index dropped by 1.15%.
Although the Sensex ended with solid gains, the losses in mid and small-cap segments led to a decrease in the cumulative market capitalization of BSE-listed firms, making investors poorer by about ₹1 lakh crore in a single session.
Impact on the stock market
The Nifty IT index surged by 2.22%, hitting a fresh 52-week high of 40,075.70 and emerging as the top gainer. Banking sectors also saw gains, with the Nifty Bank index up 0.43% and the Private Bank index up 0.40%. The PSU Bank index ended almost flat with a 0.02% rise.
In contrast, the Nifty Media index plunged by 3.57%, making it the worst performer. Consumer Durables fell by 0.96%, and the Metal index dropped by 0.87%, reflecting significant losses.
| Sector/Index | Performance |
| IT & BPM sector | +2.22% |
| Healthcare sector | +0.27% |
| Oil & Gas sector | +0.03% |
| Real estate sector | -0.32% |
| PSU Bank in India | +0.02% |
Top gainers today
| Company | Price | Change (%) |
| LTIMindtree share price | 5,756.90 | +3.50 |
| TCS share price | 4,315.55 | +3.28 |
| ONGC share price | 331.70 | +2.80 |
| Bajaj Finserv share price | 1,651.25 | +2.59 |
| Wipro share price | 573.20 | +2.41 |
Top losers today
| Company | Price | Change (%) |
| Asian Paints share price | 2,931.55 | -1.44 |
| Coal India share price | 505.25 | -1.41 |
| Hero Motocorp share price | 5,502.20 | -1.36 |
| Grasim share price | 2,791.80 | -1.26 |
| Bajaj Auto share price | 9,626.20 | -0.95 |
Market aftermath: Impact on stocks
Havells India Q1 Net Rises 43% to Rs 411 Crore
Havells India reported strong Q1FY25 results, with a consolidated net profit of Rs 411 crore, up 43% year-on-year. Revenue increased by 20% to Rs 5,798 crore. However, higher expenses offset the increased demand for air conditioners and fans amid a North Indian heatwave. Despite the drop, Havells shares recovered to trade flat at Rs 1,872.
RIL Q1 Preview: Telecom, Retail, Oil & Gas
Reliance Industries is expected to post modest Q1 earnings growth, driven by strong performances in its telecom and retail segments. However, a decline in the oil-to-chemicals (O2C) business due to weaker refining margins may temper growth.
RIL’s consolidated revenue for Q1 FY25 is expected to rise 12.7% year-on-year to Rs 2.36 lakh crore, with net profit projected to expand by 0.6% to Rs 16,082 crore.
You may also read : Reliance industries q4 results
Swaraj Engines Shares Rise 12%, Hit 52-Week High
Swaraj Engines shares surged nearly 12% to hit a 52-week high of Rs 3,200 after posting robust Q1 results. The company’s net profit rose 22.7% sequentially and 5.5% annually to Rs 43.19 crore, while revenue increased 19% sequentially and 4.5% annually to Rs 399.8 crore. Shares were up by 6.2%, significantly outperforming the Nifty 50.
You may also like: Bajaj autos sales rise
Crude oil
Crude oil futures traded higher due to a decline in US inventory levels. Brent oil futures were at $85.46, up 0.45%, and September crude oil futures on WTI were at $81.95, up 0.63%. On the Multi Commodity Exchange (MCX), July crude oil futures traded at ₹6,970, up 0.85%, and August futures were at ₹6,860, up 0.75%.
According to EIA, US crude oil inventories decreased by 4.9 million barrels for the week, much higher than the expected decline of 0.90 million barrels. This decline, along with increased US crude oil imports, contributed to the rise in crude oil prices.
Conclusion
The day of mixed outcomes for the Indian stock market. While the Sensex and Nifty 50 hit record highs, mid and small-cap indices faced significant losses. Strong performances by companies like Havells India and Swaraj Engines highlighted the day’s trading, and rising crude oil prices due to lower US inventories added another layer of complexity.
As the market continues to navigate these mixed trends, investors should stay informed and consider the broader economic and sector-specific factors influencing market movements.
Stay tuned on StockGro for more updates on market trends.
