Markets at Noon: Nifty and Sensex Dip as Engineering and Power Sectors Lead Losses
By ScanX News Team
Indian markets show a slight downward trend at midday, with Nifty 50 down 0.31% and Sensex down 0.25%. Engineering Services, Power, and Insurance sectors face pressure, leading the losses. CCL Products stands out with a 14.31% gain following impressive Q4 results, while Tatva Chintan rises 8.47% on a new order win. The market displays mixed sectoral performance, with some stocks outperforming despite the overall bearish sentiment.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on May 6, 2025, Indian markets are showing a slight downward trend. The Nifty 50 is currently trading at 24,384.15, down 77.00 points or 0.31% from its previous close. Similarly, the BSE Sensex stands at 80,595.73, reflecting a decrease of 201.11 points or 0.25%.
Sectoral Performance
The market is experiencing mixed sectoral performance, with some sectors facing significant pressure:
| Sector | Change (%) |
|---|---|
| Engineering Services | -2.36% |
| Power | -1.96% |
| Insurance | -1.87% |
| Aerospace & Defense | -1.85% |
| Banks | -1.79% |
These sectors are currently the top losers in today's trading session so far.
Buzzing Stocks
CCL Products (India) Ltd
CCL Products is making waves with a strong quarterly performance:
- Q4FY25 net profit increased by 57% YoY to ₹102 crore
- Revenue grew to ₹836 crore from ₹727 crore in Q4FY24
- EBITDA rose 38% YoY to ₹163 crore with margins expanding 400 bps
- Vietnam facility operating at 40-50% capacity
- Final dividend of ₹5 per share recommended
- Stock is trading at ₹677.50, up 14.31%
Tatva Chintan Pharma Chem Ltd
Tatva Chintan has secured a significant new order:
- Won a new order worth ₹30 crore
- Stock is trading at ₹764.00, up 8.47%
Conclusion
As the trading day progresses, the market shows a slight bearish trend with both Nifty and Sensex in the red. Engineering Services and Power sectors are leading the losses, while stocks like CCL Products and Tatva Chintan are outperforming on the back of positive company-specific news.
