The BSE Sensex shed 236.18 points (0.29%) to settle at 81,289.96, after trading within a range of 81,680.97 to 81,211.64 throughout the day.
Similarly, the NSE Nifty50 declined 93.10 points (0.38%), ending the day at 24,548.70. The index traded between 24,675.25 and 24,527.95 during the session.
The market saw 35 out of 50 Nifty50 stocks in the red, with NTPC, Hindustan Unilever, Coal India, Hero MotoCorp, and BPCL leading the losses, dropping by up to 2.63%. On the other hand, gainers included Adani Enterprises, Bharti Airtel, IndusInd Bank, Tech Mahindra, and Adani Ports, which rose by up to 1.90%.
Broader markets showed similar weakness:
- Nifty Midcap100 declined by 0.46%.
- Nifty Smallcap100 dropped 0.9%
Impact on the stock market
Among the sectoral indices:
- Nifty IT and Nifty Metal posted marginal gains of up to 0.77%, buoyed by favourable global commodity prices and resilience in tech stocks.
- Nifty FMCG was the biggest loser, slipping 1.09%, with pressure from stocks like Hindustan Unilever, Godrej Properties, and Colgate Palmolive.
The India VIX, which measures market volatility, eased by 0.58%, settling at 13.19, indicating reduced market anxiety.
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| Sector/Index | Performance |
| IT & BPM sector | +0.77% |
| Healthcare sector | -0.32% |
| Oil & Gas sector | -0.91% |
| Real estate sector | -0.41% |
| PSU Bank in India | -0.78% |
Top gainers today
| Company | Price | Change % |
| Adani Enterpris Share Price | 2,504.10 | +1.91 |
| Bharti Airtel Share Price | 1,610.55 | +1.55 |
| Tech Mahindra Share Price | 1,789.60 | +1.52 |
| IndusInd Bank Share Price | 997.95 | +1.33 |
| Adani Ports Share Price | 1,244.00 | 0.83 |
Top losers today
| Company | Price | Change % |
| NTPC Share Price | 355.60 | -2.71 |
| HUL Share Price | 2,344.95 | -2.35 |
| Hero Motocorp Share Price | 4,556.75 | -2.01 |
| Coal India Share Price | 409.10 | -1.88 |
| BPCL Share Price | 302.15 | -1.72 |
Market aftermath: Impact on stocks
Green energy stocks surge on positive developments
Stocks of green energy companies continued to buzz in Thursday’s trade, supported by encouraging developments:
- Adani Green Energy led the pack with a 7% surge after its subsidiary commissioned a 250 MW solar power project in Rajasthan, increasing the firm’s renewable generation capacity to 11,434 MW. Reports of discussions to refinance $1.1 billion in loans added fuel to the rally.
- Waaree Energies gained 4% after securing a 170 MW solar power plant project in Madhya Pradesh. The stock has been on a winning streak for seven sessions, gaining over 20% during this period.
- Hitachi Energy and Torrent Power also saw gains of 3-4%, buoyed by sector-wide momentum.
Also Read: Best Green Energy Stocks to Invest in India for 2025
Shakti pumps shines with fresh order win
Shakti Pumps hit its upper circuit of 5%, closing at ₹857, marking its fourth consecutive session of gains. The surge followed a ₹754.30 crore order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25,000 off-grid solar water pumps.
The stock has delivered a staggering 400% return in 2024, solidifying its position as one of the year’s best-performing stocks. This recent order adds to its November win under the PM-KUSUM scheme, where it secured a ₹116.36 crore contract for solar pumps in Haryana.
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Waaree energies extended its winning streak
Waaree Energies had a strong session, gaining 4% after being awarded the development of a 170 MW solar power plant by Rewa Ultra Mega Solar Limited in Madhya Pradesh.
This marked the company’s seventh consecutive session of gains, during which it has clocked over 20% returns. The stock’s recovery from profit booking earlier in the month underscores growing investor interest in its consistent project wins and strong performance.
You may also read: Waaree Energies IPO 2024: Dates, price, and investment details
Crude oil futures: Sanctions and supply risks keep markets edgy
Crude oil futures experienced minor fluctuations, reflecting ongoing global tensions:
- On the Multi Commodity Exchange (MCX), December crude oil futures traded at ₹5,967, up 0.56% from the previous close.
- Brent oil futures for February edged up by 0.08% to $73.58, while WTI crude oil futures for January hovered at $70.28, flat for the day.
The US Energy Information Administration (EIA) reported a 1.4 million barrel decrease in crude inventories, even as gasoline and distillate stockpiles increased. Meanwhile, OPEC+ revised its global oil demand forecast for 2025 downward by 90,000 barrels per day, citing uncertainties in the third quarter.
Geopolitical factors added to the volatility, with the EU announcing its 15th sanctions package against Russia, aimed at curbing oil revenue. US Treasury Secretary Janet Yellen emphasised efforts to reduce Russian earnings from oil exports, further unsettling the markets.
Conclusion
Thursday’s session highlighted a cautious market mood, with both benchmark indices and broader markets closing in the red. While IT and metal stocks provided some support, sectors like FMCG faced considerable pressure.
The green energy sector continued to shine, with key players like Adani Green Energy, Waaree Energies, and Hitachi Energy leading gains. On the commodities front, crude oil markets remained on edge due to sanctions and fluctuating demand forecasts.
For investors, today underscored the importance of staying informed and nimble, especially with sectors like renewable energy offering a glimmer of opportunity in an otherwise subdued market.
For more stock market insights, check out the StockGro blog.
