The BSE Sensex opened 180 points higher at 80,396, surged to an intraday high of 80,661, but later dropped to 80,122 before closing at 80,288, up just 70 points or 0.1%.
The NSE Nifty 50 also showed narrow movement, swinging between 24,291 and 24,458 before eventually closing 7 points higher at 24,336.
Broader markets:
- BSE MidCap Index: +0.2%
- BSE SmallCap Index: +0.1%
- Nifty Midcap 100: +0.3%
- Nifty Smallcap 100: +0.4%
Impact on the stock market
Sectoral performance showed signs of rotation and investor selectivity:
- Nifty Metal & Pharma: -0.8%
- Realty, FMCG, Auto: -0.2%
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| Sector/Index | Performance |
| IT & BPM sector | 1.23% |
| Healthcare sector | -0.88% |
| Oil & Gas sector | 0.47% |
| Real estate sector | -0.26% |
| PSU Bank in India | -0.05% |
Top gainers today
| Company | Price (in Rs) | Change % |
| Bharat Elec Share Price | 317.10 | 3.95 |
| Trent Share Price | 5,391.50 | 3.49 |
| Tech Mahindra Share Price | 1,495.30 | 2.31 |
| Reliance Share Price | 1,399.70 | 2.26 |
| Eternal Share Price | 231.11 | 1.72 |
Top losers today
| Company | Price (in Rs) | Change % |
| Coal India Share Price | 389.10 | -2.03 |
| UltraTechCement Share Price | 11,869.00 | -2.02 |
| ONGC Share Price | 245.68 | -1.96 |
| Sun Pharma Share Price | 1,805.50 | -1.96 |
| Dr Reddys Labs Share Price | 1,176.00 | -1.89 |
Market aftermath: Impact on stocks
Ambuja Cements: Earnings drop, but dividend declared
Despite a 9% YoY fall in Q4 net profit to ₹956 crore, Ambuja Cements announced a ₹2/share dividend, signalling some investor-friendly stance.
- Revenue: ₹9,802 crore (↑11.6% YoY)
- EBITDA: ₹1,868 crore (↑10% YoY)
- EBITDA margin: 18.9%, slightly below last year’s 19.1%
This underperformance contrasted with UltraTech Cement, which posted a 10% YoY rise in profit to ₹2,482 crore, aided by its recent acquisitions. The cement giant also saw a 17% YoY jump in volume, signalling strong operational execution.
Aditya Birla Sun Life AMC: Market cheers solid Q4
Shares jumped 7% intraday, settling around ₹673, after the AMC reported:
- Q4 net profit: ₹228 crore (↑9% YoY)
- Revenue: ₹429 crore (↑17% YoY)
With 85% of its funds outperforming benchmarks, the market responded positively, indicating improving investor confidence in domestic asset managers.
AWL Agri Business (formerly Adani Wilmar): Profits rise but shares slip
Despite a 21% YoY jump in net profit to ₹190 crore and revenue rising 38% YoY to ₹18,230 crore, the stock dropped over 5%. Why?
- EBITDA fell 41% QoQ to ₹461 crore
- Market share loss in edible oil due to high palm oil prices
- Demand weakness in the value-for-money segment
Investors likely reacted to the sharp margin pressure and near-term challenges.
Crude oil watch: India buys more from the US
India is ramping up US crude oil imports, with 11.2 million barrels expected in June 2025, the highest since August 2024.
Why this shift?
- Lower WTI prices, due to weak Chinese demand and refinery outages in Singapore
- Geopolitical play, as India positions itself better for US-India trade talks next month
Indian refiners like Indian Oil Corp. and BPCL have snapped up at least 6 million barrels through recent tenders. Even Reliance Industries is expected to maintain its regular US crude buying pattern.
This move also helps India reduce reliance on West African light oil, diversify supply, and potentially bargain for better trade terms.
Conclusion
Today’s market was a classic example of surface-level calm hiding deeper churn. While benchmark indices moved little, stock-specific moves, driven by earnings and global shifts, kept investors on their toes.
The dominance of Reliance, bounce in IT, and rally in shipbuilders balanced out pressure in metal, pharma, and FMCG. Broader participation in mid and small caps hints that domestic liquidity remains strong, even as global uncertainties linger.
As India leans more into defence manufacturing and sharpens its oil import strategy, markets may see fresh tailwinds. But with corporate earnings showing a mixed bag, the coming weeks could determine whether this is a pause before a sprint or a sign of cautious consolidation.
For more stock market insights, check out the StockGro blog.
