Market Wrap: Nifty and Sensex Close in Red Amid Sectoral Weakness on May 6, 2025

1 min read     Updated on 06 May 2025, 03:32 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Indian stock markets ended negative on May 6, 2025, with Nifty 50 down 0.33% and Sensex down 0.19%. Engineering Services (-4.88%) and Aviation (-3.94%) were the worst-performing sectors. Century Enka and Bank of Baroda fell sharply post Q4 results, while CCL Products India surged 17.17%. Market breadth was decisively negative with 3,410 stocks declining against 877 advancing.

8071370

*this image is generated using AI for illustrative purposes only.

Market Overview

The Indian stock markets closed on a negative note on May 6, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, ending in the red. The Nifty 50 closed at 24,461.15, down 81.55 points or 0.33%, while the BSE Sensex finished at 80,796.84, shedding 155.77 points or 0.19%.

Sectoral Performance

The market witnessed significant weakness across various sectors:

  1. Engineering Services (-4.88%)
  2. Aviation (-3.94%)
  3. Power (-3.63%)
  4. Aerospace & Defense (-3.62%)
  5. Banks (-3.19%)

These sectors experienced notable declines, contributing to the overall negative sentiment in the market.

Buzzing Stocks

Century Enka Ltd

Century Enka announced its Q4 results, reporting a decline in revenue and profitability. The stock plummeted 13.87% to close at ₹452.90. The company's revenue decreased to ₹4.40 billion from ₹4.70 billion year-over-year, while net profit fell to ₹69 million from ₹203 million. Despite the lower performance, a dividend of ₹10 per share was declared.

Bank of Baroda Ltd

Bank of Baroda's stock fell 10.12% to ₹223.91 following its Q4 results. While the bank's net profit grew 3.2% YoY to ₹5,048 crore, beating estimates, its Net Interest Income fell 6.6% YoY to ₹11,019 crore, missing expectations. The bank's board recommended a dividend of ₹8.35 per equity share for FY2024-25.

CCL Products India Ltd

In contrast to the overall market trend, CCL Products India saw a significant surge of 17.17%, closing at ₹694.45. The company reported a 57% YoY increase in Q4FY25 net profit to ₹102 crore, with revenue growing to ₹836 crore. A final dividend of ₹5 per share was recommended.

Market Breadth

The market breadth was decisively negative, indicating a broad-based selloff:

Category Number of Scrips
Total Traded 4,287
Positive 877
Negative 3,410

Conclusion

The Indian stock market ended the day on a bearish note, with significant pressure seen in engineering services, aviation, power, aerospace & defense, and banking sectors. While most stocks faced selling pressure, CCL Products India stood out with strong gains following positive Q4 results. Investors will be closely watching for any potential market-moving events in the coming sessions.

Explore Other Articles
Niva Bupa Health Insurance: Major Shareholders to Offload 7.2% Stake in Block Deal38 minutes ago
Prestige Estates Projects Unveils Ambitious Rs 42,120 Crore Housing Plan for FY263 hours ago
IndiGo Boosts Wide-Body Fleet with Additional 30 Airbus A350-900 Orders1 hour ago
Olectra Greentech Faces Partial Order Cancellation from Telangana RTC23 hours ago
TVS Motor Company Revs Up: 17% Sales Surge in May 20252 hours ago
Ipca Labs Receives 'Add' Rating from Dolat Capital Post Q4 Results3 hours ago