NewsMarketsMarket Wrap: Nifty and Sensex Close in Red as Defense and Consumer Services Sectors DragMarket Wrap: Nifty and Sensex Close in Red as Defense and Consumer Services Sectors Drag
By ScanX News Team
Indian stock markets ended negative on Friday, with Nifty 50 down 0.33% at 24,750.70 and BSE Sensex shedding 0.22% to 81,451.01. Aerospace & Defense and Consumer Services sectors were top losers, while Castings, Forgings & Fasteners and Banks showed strength. Lumax Auto Technologies surged 16.48% on strong Q4 results, while Prakash Pipes and Kiri Industries fell over 11% each. Market breadth was negative with 2,315 declining stocks versus 2,035 advancing.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a negative note on Friday, May 30, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, ending in the red. The Nifty 50 closed at 24,750.70, down 82.90 points or 0.33% from its previous close. Similarly, the BSE Sensex ended the day at 81,451.01, shedding 182.01 points or 0.22%.
Sectoral Performance
The market witnessed a mixed performance across sectors:
Top Losing Sectors:
- Aerospace & Defense (-1.45%)
- Consumer Services (-1.01%)
- Aviation (-0.87%)
Top Performing Sectors:
- Castings, Forgings & Fasteners (+1.93%)
- Banks (+1.43%)
- Printing & Stationery (+0.99%)
- Engineering Services (+0.60%)
Buzzing Stocks
Several stocks made headlines during the trading session:
Lumax Auto Technologies: The stock surged 16.48% to close at ₹811.55. The company reported a 32% YoY increase in Q4 FY2025 net profit to ₹58.4 crore, with revenue rising 49.6% to ₹1,133 crore.
Prakash Pipes: The stock plummeted 11.66% to ₹405.35 following its Q4 results announcement. The company reported a net profit of ₹103 million, down from ₹254 million in the same quarter last year.
Kiri Industries: Shares fell 11.63% to ₹642.05 after reporting a wider Q4 net loss of ₹84.6 crore compared to last year's ₹9.6 crore loss. The company also announced the sale of its 37.57% stake in DyStar.
Welspun Living: The stock declined 9.64% to ₹132.66 despite the company's announcement of expanding its product portfolio through the acquisition of Drape Story.
Market Breadth
The overall market breadth was negative, with more stocks declining than advancing:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,350 |
| Positive | 2,035 |
| Negative | 2,315 |
Conclusion
The Indian stock market ended the week on a subdued note, with the Aerospace & Defense and Consumer Services sectors leading the losses. While some sectors like Castings, Forgings & Fasteners and Banks showed strength, the overall sentiment remained cautious. Investors will be closely watching economic indicators and global cues for further market direction in the coming week.
