Markets at Noon: Nifty and Sensex Dip as Engineering Services Sector Leads Losses
By ScanX News Team
Indian markets show a slight downturn at midday on May 30, 2025, with Nifty 50 at 24,750.15 (-0.34%) and Sensex at 81,374.01 (-0.32%). Engineering Services leads losses (-1.94%), while Castings, Forgings & Fasteners tops gains (+1.46%). Lumax Auto Technologies surges 16.11% on strong Q4 results, contrasting with Kiri Industries' 8.65% drop following stake sale news. Mixed performance across sectors reflects cautious market sentiment.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on May 30, 2025, Indian markets are showing a slight downturn. The Nifty 50 is currently trading at 24,750.15, down 83.45 points or 0.34% from its previous close. Similarly, the BSE Sensex stands at 81,374.01, reflecting a decrease of 259.01 points or 0.32%.
Sectoral Performance
Top Losing Sectors
- Engineering Services (-1.94%)
- Cables (-1.23%)
- Aviation (-0.80%)
Top Performing Sectors
- Castings, Forgings & Fasteners (+1.46%)
- Capital Markets (+0.79%)
- Transport (+0.67%)
- Energy (+0.42%)
Buzzing Stocks
Kiri Industries
- Current Price: ₹663.70
- Change: -8.65%
- News: Kiri Industries has agreed to sell its 37.57% stake in DyStar Global to Zhejiang Longsheng Group for $676.26 million, with a potential additional $20.29 million.
Mazda Ltd
- Current Price: ₹252.87
- Change: -7.42%
- News: Mazda reported a decrease in Q4 EBITDA and net profit. The company recommended a dividend of ₹3.60 per equity share.
Lumax Auto Technologies
- Current Price: ₹809.00
- Change: +16.11%
- News: Lumax Auto Tech reported a 32% YoY increase in Q4 net profit to ₹58.4 crore, with revenue up 49.6% to ₹1,133 crore.
Gujarat Pipavav Port
- Current Price: ₹163.60
- Change: +10.59%
- News: Gujarat Pipavav Port reported a 70.7% YoY increase in Q4 net profit to ₹112.3 crore. The board recommended a final dividend of ₹4.20 per equity share.
Dolat Algotech
- Current Price: ₹102.15
- Change: +10.36%
- News: Dolat Algotech reported a decrease in Q4 EBITDA and net profit compared to the previous year.
Conclusion
At midday, the Indian markets are showing a slight downward trend, with both Nifty and Sensex in the red. The Engineering Services sector is leading the losses, while Castings, Forgings & Fasteners is the top-performing sector. Notable stock movements include significant gains for Lumax Auto Technologies and Gujarat Pipavav Port, contrasted by losses for Kiri Industries and Mazda Ltd.
