NewsMarketsClosing Bell: Nifty and Sensex Tumble as Engineering and Oil & Gas Sectors Lead LossesClosing Bell: Nifty and Sensex Tumble as Engineering and Oil & Gas Sectors Lead Losses
By ScanX News Team
The Indian stock market closed sharply lower on April 4, 2025, with Nifty 50 dropping 1.49% to 22,904.45 and Sensex falling 1.22% to 75,364.69. Engineering Services sector led the decline, falling 4.294%. Pearl Global Industries was the most notable loser, plummeting 16.046% due to international trade concerns. Market breadth was decisively negative with 3,031 stocks declining against 1,272 advancing out of 4,303 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock market ended on a bearish note on April 4, 2025, with both the NSE Nifty 50 and BSE Sensex witnessing significant declines. The Nifty 50 closed at 22,904.45, down 345.65 points or 1.49% from its previous close. Similarly, the Sensex finished at 75,364.69, shedding 930.67 points or 1.22%.
Sectoral Performance
The market saw widespread losses across various sectors, with Engineering Services leading the downturn:
- Engineering Services : -4.294%
- Oil & Gas : -3.816%
- Metals & Mining : -3.210%
- Beverages : -2.963%
- Healthcare : -2.948%
No top-performing sectors were reported for the day, indicating a broad-based selloff.
Buzzing Stocks
Pearl Global Industries was in the spotlight, with its shares plummeting 16.046% to close at ₹1,059.2. The stock has lost 25% over two sessions following President Trump's announcement of reciprocal tariffs on 60 countries. The company's exposure to higher-tariff countries like Bangladesh, Vietnam, and Indonesia through its manufacturing facilities has negatively impacted its stock performance.
Market Breadth
The market breadth was decisively negative, reflecting the overall bearish sentiment:
| Total Scrips Traded | Positive Scrips | Negative Scrips |
|---|---|---|
| 4,303 | 1,272 | 3,031 |
Conclusion
The Indian stock market experienced a significant downturn on April 4, 2025, with the Nifty 50 and Sensex both closing in the red. Engineering Services and Oil & Gas sectors led the losses, while Pearl Global Industries faced substantial pressure due to international trade concerns. The negative market breadth underscores the widespread selling pressure observed during the session.
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