NewsMarketsMarket Wrap: Nifty and Sensex Close on a High Note, Diamond and Aviation Sectors ShineMarket Wrap: Nifty and Sensex Close on a High Note, Diamond and Aviation Sectors Shine
By ScanX News Team
Indian stock markets ended positively on July 29, with Nifty 50 up 0.57% at 24,821.10 and BSE Sensex rising 0.55% to 81,337.95. Diamond, Gems and Jewellery sector led gains (+2.48%), while Cables sector underperformed (-1.96%). Hind Rectifiers hit 20% upper circuit on strong results. Market breadth was positive with 2,603 advancing stocks versus 1,768 declining.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets concluded on a positive note on July 29, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, registering significant gains. The Nifty 50 closed at 24,821.10, up by 140.20 points or 0.57% from its previous close. Similarly, the BSE Sensex ended the day at 81,337.95, marking an increase of 446.93 points or 0.55%.
Sectoral Performance
Top Performing Sectors
- Diamond, Gems and Jewellery (Avg. Per Change: +2.48%)
- Aviation (Avg. Per Change: +1.93%)
- Trading (Avg. Per Change: +1.82%)
- Castings, Forgings & Fasteners (Avg. Per Change: +1.81%)
Underperforming Sectors
- Cables (Avg. Per Change: -1.96%)
- Logistics & Cargo (Avg. Per Change: -0.57%)
Buzzing Stocks
Several stocks made headlines during the trading session:
Hind Rectifiers Ltd: The stock hit a 20% upper circuit, closing at ₹1,712.20. The company reported strong quarterly results with revenue growth of 58.5% and announced plans to issue convertible warrants.
Punjab Chemicals and Crop Protection Ltd: Shares surged 14.36% to close at ₹1,547.00. The company signed exclusive MOUs for high-value agrochemical products and reported a 54% increase in quarterly net profit.
Zuari Agro Chemicals Ltd: The stock climbed 13.25% to ₹248.01 following the board's approval to invest ₹180 crore in its joint venture ZMPPL.
Aeroflex Industries Ltd: Despite positive news about entering the global data centre cooling market, the stock declined by 9.22% to ₹186.98.
Xpro India Ltd: Shares fell by 7.41% to ₹1,098.90 after reporting a significant decline in Q1 net profit despite revenue growth.
Kolte-Patil Developers Ltd: The stock dropped 6.75% to ₹415.30 following a reported net loss in Q1 and decreased revenue.
Market Breadth
The overall market breadth was positive, with advancing stocks outnumbering declining ones:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,371 |
| Positive | 2,603 |
| Negative | 1,768 |
Conclusion
The Indian stock market demonstrated resilience on July 29, 2025, with both Nifty and Sensex closing in the green. The Diamond, Gems and Jewellery sector led the gains, while the Cables sector faced the most pressure. The positive market breadth indicates a broad-based buying interest among investors.
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