Closing Bell: Nifty and Sensex Slip as Textiles Sector Shines on April 3
By ScanX News Team
Indian stock markets closed in the red on April 3, 2025, with Nifty 50 down 0.35% at 23,250.10 and Sensex falling 0.42% to 76,295.36. However, market breadth remained positive with 3,154 stocks advancing against 1,217 decliners. Textiles sector led gains with a 3.01% increase, followed by banks and healthcare. Paramatrix Technologies surged 17.22% on news of its Hong Kong subsidiary acquiring a 51% stake in a Japanese firm.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed in negative territory on April 3, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, registering losses. The Nifty 50 ended the session at 23,250.10, down 82.25 points or 0.35% from its previous close. Similarly, the BSE Sensex closed at 76,295.36, shedding 322.08 points or 0.42%.
Sectoral Performance
Despite the overall market decline, several sectors showed resilience and posted gains:
- Textiles (Avg. Per Change: 3.0135%)
- Banks (Avg. Per Change: 2.5233%)
- Healthcare (Avg. Per Change: 2.4002%)
- Power (Avg. Per Change: 2.3497%)
- Transport (Avg. Per Change: 2.2128%)
The textiles sector emerged as the top performer of the day, followed by banks and healthcare.
Buzzing Stocks
Paramatrix Technologies Limited was in the spotlight today, with its stock surging 17.219% to close at ₹88.5. The company announced that its Hong Kong subsidiary is acquiring a 51% stake in Paramatrix Technologies KK, a Japanese company, for ¥5.1 million (approximately ₹29 Lakhs). This strategic move aims to expand the company's international operations and establish a presence in the Japanese market. The transaction is expected to be completed by April 5, 2025.
Market Breadth
The market breadth was decisively positive, indicating a broader market strength despite the decline in benchmark indices:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,371 |
| Positive | 3,154 |
| Negative | 1,217 |
Conclusion
In summary, while the Nifty 50 and BSE Sensex closed lower, the market showed mixed signals with positive breadth and strong performances in sectors like textiles, banks, and healthcare. The acquisition news from Paramatrix Technologies Limited stood out as a significant corporate development of the day.
