The BSE Sensex opened at 80,058 and moved in a narrow range, peaking at 80,174 but eventually slid down to a low of 79,725. The index closed at 79,801, down by 315 points.
This marked the end of its 7-day winning streak, during which it had gained 6,269 points. On the other hand, the NSE Nifty traded within a range of 131 points between 23,348 and 24,216, finally settling at 24,247, showing a loss of 82 points.
With geopolitical tensions escalating due to the terror attack in Pahalgam, Jammu & Kashmir, and the added volatility of F&O expiry, markets showed signs of fatigue and consolidation.
Midcaps and Smallcaps: The BSE MidCap index dipped 0.2%, while SmallCaps ended flat, showing indecisiveness among broader market participants.
Impact on the stock market
FMCG: The BSE FMCG index shed 0.8%, dragged down by Hindustan Unilever’s disappointing Q4 results.
Realty: A steeper fall, with the Realty index down 1.4%—possibly reacting to macro headwinds and weak sentiments.
Banking: The BSE Bankex slipped 0.4%, weighed down by stocks like ICICI Bank and Bharti Airtel.
Healthcare: One bright spot was healthcare, where the index gained 0.6%.
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| Sector/Index | Performance |
| IT & BPM sector | -0.30% |
| Healthcare sector | 0.40% |
| Oil & Gas sector | -0.11% |
| Real estate sector | -1.41% |
| PSU Bank in India | -0.16% |
Top gainers today
| Company | Price (in Rs) | Change % |
| IndusInd Bank Share Price | 819.75 | 3.22 |
| UltraTechCement Share Price | 12,159.00 | 1.76 |
| Grasim Share Price | 2,729.20 | 1.62 |
| Tata Motors Share Price | 668.35 | 1.28 |
| Dr Reddys Labs Share Price | 1,200.50 | 1.22 |
Top losers today
| Company | Price (in Rs) | Change % |
| HUL Share Price | 2,325.30 | -4.06 |
| Bharti Airtel Share Price | 1,845.60 | -1.91 |
| Eicher Motors Share Price | 5,650.50 | -1.56 |
| ICICI Bank Share Price | 1,402.70 | -1.52 |
| Eternal Share Price | 236.38 | -1.20 |
Market aftermath: Impact on stocks
Adani Energy Solutions: Stellar performance powers a 3% rise
Adani Energy Solutions (AESL) was among the stars of the day, with shares surging over 3% post a solid Q4 FY25 result:
- Net profit jumped 79% YoY to ₹647 crore.
- Revenue grew 35% YoY to ₹6,374 crore.
- Net profit margin improved to 10.82%, while the debt-to-assets ratio improved to 0.54x.
- The company credited its strong show to double-digit growth in its transmission segment and a consistent performance by its Mumbai utility business.
CEO Kandarp Patel emphasized that AESL is focusing on efficiency, project execution, and ESG goals. It has ambitious plans for FY26, including expanding its meter installation base and commissioning more infrastructure projects.
Divi’s Labs: Broker faith lifts shares
Divi’s Laboratories saw a 5% spike, buoyed by a ‘Buy’ call from Citi, which sees up to 19% upside potential in the stock.
- Citi set a target of ₹7,050 (current trading at around ₹6,225).
- Positive triggers include capacity addition and entry of Orforglipron, Eli Lilly’s promising oral diabetes drug, into Divi’s pipeline.
- The company has also been on a steady uptrend for four days now, gaining nearly 11% over this period.
This shows that despite a weak overall market, institutional confidence in select pharma counters remains strong.
Syngene International: Guidance rattles investors
In sharp contrast, Syngene International nosedived 10% after it announced muted Q4 results and issued a conservative FY26 outlook.
- Q4 net profit dropped 3% YoY to ₹183 crore.
- Full-year FY25 profit was down at ₹496 crore vs ₹510 crore in FY24.
- Guidance for FY26 includes a potential drop in EBITDA margins and net profit.
- The street was hoping for 15% revenue growth, but the management guided for just mid-single-digit growth—prompting brokers to slash estimates by 8–10%.
While Syngene is making strategic moves (like acquiring a U.S.-based biologics facility), the short-term outlook seems clouded by global biotech funding challenges and inventory issues.
Crude oil futures decline on easing supply concerns
Crude oil futures were marginally higher in early Thursday trade after a 2% fall on Wednesday, primarily due to tensions within OPEC+:
- June Brent was up at $66.17, while WTI traded at $62.31.
- On India’s MCX, May crude oil futures rose to ₹5,353, up 0.83%.
- The bounce was aided by hopes that U.S.–China trade tariff negotiations could resume soon.
However, Kazakhstan’s announcement that it won’t comply with output cuts added to market jitters. If more OPEC+ members follow suit, we might see supply gluts and potential price wars, a risk that looms large for energy markets.
Meanwhile, U.S. crude oil inventories rose slightly, while gasoline and distillate stockpiles fell, indicating mixed demand signals in the world’s largest oil-consuming nation.
Conclusion:
Thursday’s pullback felt more like profit-taking with a side of caution. The market didn’t tank—it reset. While heavyweight stocks like HUL and Syngene dragged indices down, the strength in names like Adani Energy, Divi’s Labs, and IndusInd Bank kept optimism alive.
The lesson? Markets don’t move in straight lines. After a 6,000+ point rally, a 300-point breather is only natural. But with earnings season underway and macro uncertainties from oil to geopolitics, volatility might just be the theme of the coming weeks.
For young investors and traders watching closely—stay curious, stay cautious, and remember: the smartest moves aren’t always the flashiest.
For more stock market insights, check out the StockGro blog.
