Closing Bell: Nifty and Sensex Plummet Over 3% Amid Broad-Based Selloff
By ScanX News Team
Indian stock markets faced a significant downturn on April 7, 2025, with Nifty 50 falling 3.24% to 22,161.60 and BSE Sensex dropping 2.95% to 73,137.90. The selloff was broad-based, with Engineering Services, Transport Services, and Metals & Mining among the worst-hit sectors. Market breadth was overwhelmingly negative, with 3,845 scrips declining out of 4,440 traded. Despite the overall bearish trend, Siemens Ltd hit the upper circuit on its energy business spin-off, while Trent Ltd saw a significant block trade but later fell on bearish analyst comments.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets witnessed a significant downturn on April 7, 2025, with both the Nifty 50 and BSE Sensex closing deep in the red. The Nifty 50 ended the session at 22,161.60, down 742.85 points or 3.24% from its previous close. Similarly, the BSE Sensex closed at 73,137.90, shedding 2,226.79 points or 2.95%.
Sectoral Performance
The market decline was broad-based, with several sectors experiencing substantial losses:
- Engineering Services (-7.620%)
- Transport Services (-4.715%)
- Metals & Mining (-4.373%)
- Aerospace & Defense (-4.181%)
- Automobiles (-3.897%)
Notably, there were no top-performing sectors reported, indicating the widespread nature of the selloff.
Market Breadth
The market breadth was overwhelmingly negative, reflecting the bearish sentiment:
| Total Scrips Traded | Positive Scrips | Negative Scrips |
|---|---|---|
| 4,440 | 595 | 3,845 |
Buzzing Stocks
Despite the overall market decline, some stocks made headlines:
Siemens Ltd shares hit the 20% upper circuit on the ex-date for its energy business spin-off. However, the stock closed 42.534% lower at ₹2,832, likely due to the adjustment for the demerger.
Trent Ltd saw a significant block trade of 43,723 shares at ₹4,569.10 per share. The stock later fell 14.701% to ₹4,745.05 following bearish analyst commentary on its Q4 business update.
Tecil Chemicals and Hydro Power bucked the trend, hitting a 20% upper circuit at ₹30.43. The company announced that the date for its board meeting to approve March quarter results would be declared soon.
Conclusion
The Indian stock markets experienced a severe correction on April 7, 2025, with widespread selling across sectors. The negative market breadth and significant declines in major indices reflect the bearish sentiment that dominated the trading session. Despite the overall downturn, a few stocks managed to attract investor attention due to corporate actions and specific news events.
