Market Wrap: Nifty and Sensex Slip as Insurance and Jewelry Sectors Drag
By ScanX News Team
Indian stock markets ended negative on Friday, with Nifty 50 closing at 24,565.35 (down 0.82%) and Sensex at 80,599.91 (down 0.72%). Diamond, Gems and Jewellery sector was the top loser (-3.55%), while Castings, Forgings & Fasteners led gains (+0.83%). CREDO Brands plummeted 20% despite growth plans, while Jay Bharat Maruti surged 13.03% on robust results. Market breadth was negative with 2,926 stocks declining out of 4,353 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed in negative territory on Friday, August 1, 2025, with both benchmark indices registering significant losses. The Nifty 50 ended the day at 24,565.35, down 203 points or 0.82% from its previous close. Similarly, the BSE Sensex closed at 80,599.91, shedding 585.67 points or 0.72%.
Sectoral Performance
The market witnessed a mixed bag of sectoral performances, with some sectors showing resilience while others faced substantial headwinds.
Top Losing Sectors
- Diamond, Gems and Jewellery (-3.55%)
- Insurance (-2.69%)
Top Performing Sectors
- Castings, Forgings & Fasteners (+0.83%)
- Trading (+0.63%)
- Printing & Stationery (+0.58%)
- Cables (+0.53%)
- Healthcare Services (+0.20%)
Buzzing Stocks
Several stocks made headlines during the trading session:
CREDO Brands (Mufti Ltd): The stock plummeted 20.00% to close at ₹132.02. The company announced ambitious growth plans to achieve ₹1,000 crore in sales over the next three years, focusing on premium products and expansion in tier 2-3 cities. However, its quarterly results showed a decline in EBITDA and net profit.
PNB Housing Finance: Shares tumbled 18.02% to ₹808.45 following the resignation of MD and CEO Girish Kousgi. The company scheduled an investor call to address concerns about the leadership change.
Dhanuka Agritech: Despite reporting improved quarterly results with increased revenue and profit, the stock fell 13.85% to ₹1,645.60.
Chemfab Alkalis: The stock declined 8.25% to ₹719.50 after reporting challenging operating conditions and softer global caustic prices.
Jay Bharat Maruti: Bucking the trend, the stock surged 13.03% to ₹84.33 on the back of robust quarterly results, with net profit and EBITDA showing significant improvements.
Hester Biosciences: Shares jumped 12.55% to ₹2,193.80 following strong quarterly performance with substantial growth in net profit.
Nelcast: The stock gained 7.58% to close at ₹168.98 after the Board approved its quarterly financial results.
Market Breadth
The overall market breadth was negative, reflecting the bearish sentiment:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,353 |
| Positive | 1,427 |
| Negative | 2,926 |
Conclusion
The Indian stock markets ended the week on a somber note, with broad-based selling pressure across sectors. While some stocks bucked the trend with positive results, the overall sentiment remained cautious. Investors will be closely watching global cues and domestic economic indicators in the coming sessions for further direction.
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