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POST MARKET REPORT
Indian benchmark indices Nifty and Sensex shed more than 0.5 percent as investors remained concerned over India’s response to the terror attack and its consequences.
At close, the Sensex was down 588.90 points or 0.74 percent at 79,212.53, and the Nifty was down 207.35 points or 0.86 percent at 24,039.35. About 682 shares advanced, 3138 shares declined, and 115 shares remained unchanged.
Axis Bank, Adani Enterprises, Shriram Finance, Adani Ports, and Trent were among the biggest losers on the Nifty, while gainers included SBI Life Insurance, Infosys, TCS, Tech Mahindra, and IndusInd Bank.
Among sectors, except IT, all other indices ended in the red with media, metal, PSU, telecom, power, oil & gas, and realty down 2-3 percent.
The broader market indices also performed weakly with BSE Midcap and smallcap indices shedding 2.5 percent each.
STOCKS TODAY
Maruti Suzuki India
The company’s shares fell nearly 2%, extending the morning losses. The stock also saw significantly high trading volumes. In the afternoon trade, Maruti Suzuki shares were at Rs 11667.00 per share on NSE, down 1.95% from the previous close. This is due to recent shifts in investor sentiment and a detailed overview of its financial performance.
IndiGo
Airline major IndiGo’s shares fell over 3% on April 25 after it informed fliers that the closure of Pakistan airspace for Indian flights will impact a few of its international flights flying over the neighbouring country. The airline has advised fliers to check their flight status and rebooking options at the earliest. The shares of the company are trading 3.5% lower at Rs 5,322 per share.
Patel Engineering
Patel Engineering share price extended the gains on the fifth consecutive session, rising 5 percent in the early trade on April 25. This is due to the company’s declaration that they emerged as a lowest bidder for a Rs 1,318.89 crore contract for the “construction of Kondhane Dam and its allied works” using Roller Compacted Concrete Technology, from CIDCO.
SBI Life Insurance
Shares of the company were among the top gainers on the Nifty 50 index, rising by over 7 percent in trade on April 25 following the March quarter results and positive comments by key brokerages. Both Nomura and Motilal have maintained a ‘Buy’ rating on the stocks upon SBI Life’s mixed Q4FY25 performance.
Swiggy
The popular food delivery aggregator saw its shares tumble 5.64% in intraday trade on April 25, hitting a one-week low of ₹321.40 apiece. The decline also marked the biggest one-day fall in Swiggy’s share price since February 14.
Source – Money Control
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