Market Wrap: Nifty and Sensex Close in Red Amid Sectoral Weakness on May 6, 2025
By ScanX News Team
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.
*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:
- Engineering Services (-4.88%)
- Aviation (-3.94%)
- Power (-3.63%)
- Aerospace & Defense (-3.62%)
- 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.
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