Market Overview
On Tuesday, April 29, 2025, the Indian stock market concluded a volatile session with marginal gains. The benchmark indices, Sensex and Nifty 50, oscillated throughout the day amid mixed global cues and sectoral movements.
- Sensex: Gained 70 points to close at 80,288.38
- Nifty 50: Rose by 7.45 points, settling at 24,335.95
Despite the subdued movement in headline indices, specific sectors and stocks exhibited notable performances.
Sectoral Performance
- Information Technology (IT): The IT sector emerged as the top performer, with the Nifty IT index rising by 1.23% to close at 35,920. Stocks like Tech Mahindra and HCL Technologies contributed to this uptrend, driven by positive earnings expectations and favorable global cues.
- Defence: Defence stocks witnessed significant buying interest. Bharat Electronics Limited (BEL) surged by 3.97%, reflecting investor optimism in the sector.
- Pharmaceuticals: The pharma sector faced headwinds, with the Nifty Pharma index declining over 1%. Stocks like Dr. Reddy’s Laboratories and Sun Pharma were among the top losers, impacted by concerns over pricing pressures in key markets.
- Cement: Cement stocks, including UltraTech Cement, experienced declines amid profit booking and cautious sentiment following recent rallies.
Top Gainers
- Trent Ltd: Shares of Trent surged by 5.77% to close at ₹5,510.00, driven by strong quarterly results and positive investor sentiment.
- Bharat Electronics Ltd (BEL): The stock gained 3.97%, closing at ₹317.15, as investors showed confidence in the defence sector’s growth prospects.
- Tech Mahindra: Rising by 2.29% to ₹1,495.00, Tech Mahindra benefited from the overall positive momentum in the IT sector.
- Reliance Industries: The conglomerate’s stock increased by 2.2% to ₹1,398.90, following better-than-expected quarterly earnings.
- Eternal Ltd: Eternal’s shares rose by 1.74% to ₹231.16, supported by robust revenue growth and strategic partnerships.
Top Losers
- UltraTech Cement: The stock declined by 1.68% to ₹11,911.00, amid concerns over earnings and sectoral pressures.
- Dr. Reddy’s Laboratories: Falling by 1.61% to ₹1,179.40, the stock was impacted by pricing challenges in international markets.
- Eicher Motors: Shares dropped by 1.30% to ₹5,549.00, influenced by reports of potential regulatory changes affecting the automotive sector.
- Sun Pharma: The pharmaceutical giant’s stock faced declines due to sector-wide pressures, closing lower amid investor caution.
- Power Grid Corporation: The stock experienced a slight dip, reflecting neutral sentiment in the utilities sector.
Market Sentiment and Outlook
The market’s flat closure reflects a cautious approach adopted by investors amid mixed global signals and sector-specific developments. While IT and defence sectors provided support, concerns in pharmaceuticals and cement weighed on the indices.
Looking ahead, market participants will closely monitor upcoming corporate earnings, global economic indicators, and geopolitical developments to gauge the market’s direction.
Note: The above information is based on market data and reports available as of April 29, 2025. Investors are advised to conduct their own research or consult financial advisors before making investment decisions.
