Market Wrap: Nifty and Sensex Tumble as Aviation and Power Sectors Lead Losses
By ScanX News Team
Indian stock markets closed sharply lower on May 8, 2025, with Nifty 50 down 1.07% at 24,153.05 and BSE Sensex falling 0.92% to 80,004.85. Aviation and Power sectors led the losses, while Textiles was the sole gainer. Despite the downturn, Pavna Industries hit a 20% upper circuit, and Shriram Pistons & Rings surged 13.64% on strong Q4 results. Market breadth was negative with 2,736 declining stocks versus 1,492 advancing out of 4,228 traded.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed in the red on May 8, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, registering significant losses. The overall market sentiment remained bearish throughout the trading session.
The Nifty 50 index closed at 24,153.05, down 261.35 points or 1.07% from the previous close of 24,414.40. Similarly, the BSE Sensex ended the day at 80,004.85, shedding 741.93 points or 0.92% from its previous close of 80,746.78.
Sectoral Performance
The market witnessed a broad-based selloff, with most sectors ending in negative territory.
Top Losing Sectors:
| Sector | Average % Change |
|---|---|
| Aviation | -2.68% |
| Power | -2.26% |
| Engineering Services | -2.09% |
| Oil & Gas | -2.04% |
| Beverages | -1.48% |
Top Performing Sector:
The Textiles sector managed to buck the trend, emerging as the sole gainer with an average percentage change of 0.17%.
Buzzing Stocks
Several stocks made headlines during the trading session:
Pavna Industries: The stock hit the 20% upper circuit after announcing plans to raise up to ₹320 crore through equity shares issuance to qualified institutional buyers.
Shriram Pistons & Rings: The stock surged 13.64% to close at ₹2,114.90 following the announcement of strong Q4 results. The company reported a consolidated net profit increase to ₹1.50 billion and recommended a dividend of ₹10 per share.
Krishana Phoschem Limited: Despite announcing a temporary disruption of operations at its Jhabua plant due to a thunderstorm, the stock gained 10.58% to close at ₹332.90.
Market Breadth
The market breadth was decisively negative, indicating a bearish sentiment:
| Total Scrips Traded | Advancing Scrips | Declining Scrips |
|---|---|---|
| 4,228 | 1,492 | 2,736 |
Conclusion
In summary, the Indian stock markets experienced a significant downturn on May 8, 2025, with the Nifty 50 and BSE Sensex both closing over 1% lower. The Aviation and Power sectors led the losses, while the Textiles sector showed marginal gains. Despite the overall negative trend, some individual stocks like Pavna Industries and Shriram Pistons & Rings managed to post substantial gains on the back of positive corporate announcements.
