Market Wrap: Nifty Dips, Sensex Gains in Mixed Session on May 2, 2025
By ScanX News Team
Indian stock markets closed mixed on May 2, 2025, with Nifty 50 down 0.09% at 24,334.20 and Sensex up 0.20% at 80,401.15. Petroleum Products led sectoral gains, while Aerospace & Defense faced the steepest decline. Market breadth was negative with 2,406 decliners vs 1,869 advancers. Notable movers included Godrej Agrovet (-14.90%), Phoenix Mills (-7.75%), and Sportking India (+19.99%).
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets closed on a mixed note on May 2, 2025, with the NSE Nifty 50 and BSE Sensex moving in opposite directions. The Nifty 50 ended the day slightly lower, while the Sensex managed to eke out modest gains.
The Nifty 50 closed at 24,334.20, down 22.00 points or 0.09% from the previous close. In contrast, the BSE Sensex finished at 80,401.15, up 158.91 points or 0.20%.
Sectoral Performance
Top Performing Sectors
- Petroleum Products (Avg. Per Change: 0.53%)
- Textiles (Avg. Per Change: 0.35%)
- Diversified (Avg. Per Change: 0.32%)
- Energy (Avg. Per Change: 0.13%)
- Chemicals (Avg. Per Change: 0.12%)
Top Losing Sectors
- Aerospace & Defense (Avg. Per Change: -1.13%)
- Engineering Services (Avg. Per Change: -0.97%)
- Telecom (Avg. Per Change: -0.96%)
- Consumer Services (Avg. Per Change: -0.80%)
- Insurance (Avg. Per Change: -0.78%)
Buzzing Stocks
Godrej Agrovet Ltd : The stock plummeted 14.90% to close at ₹655.45. The company reported flat revenue in Q4 but saw a 24% increase in profitability, driven by its crop protection, vegetable oil, and animal feed businesses. However, challenges in its subsidiary Astec Lifesciences and margin declines in dairy and food segments weighed on investor sentiment.
Phoenix Mills Ltd : Shares fell 7.75% to ₹1,535.50 despite the company's optimistic outlook on rental and consumption growth. The Q4 results showed a year-over-year decline in net profit to ₹2.70 billion from ₹3.27 billion, while revenue decreased to ₹10.20 billion from ₹13.10 billion.
Sportking India Ltd : The stock surged 19.99% to ₹110.61 following strong Q4 results. The company reported a significant increase in net profit to ₹361.20 million, up from ₹229.00 million year-over-year, while revenue rose to ₹6.29 billion from ₹6.00 billion.
Market Breadth
The overall market breadth was negative, with decliners outnumbering advancers:
| Category | Number of Scrips |
|---|---|
| Total Traded | 4,275 |
| Positive | 1,869 |
| Negative | 2,406 |
Conclusion
The Indian stock market showed mixed performance on May 2, 2025, with the Nifty 50 closing slightly lower and the Sensex managing a modest gain. Sector-wise, Petroleum Products led the gains, while Aerospace & Defense faced the steepest decline. The market breadth remained negative, reflecting a cautious sentiment among investors.
