Markets at Noon: Nifty and Sensex Trade Flat as Sectoral Performance Diverges
By ScanX News Team
Indian markets show mixed performance at midday on May 29, 2025, with Nifty 50 and BSE Sensex marginally lower. Engineering Services lead gains at 2.11%, while Castings, Forgings & Fasteners sector drops 3.43%. Federal-Mogul Goetze surges 13.75% on strong Q4 results, but SOM Distilleries falls 8.72% despite profit increase. Energy and utilities sectors face pressure, highlighting the day's sectoral divergence.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on May 29, 2025, Indian markets are showing a mixed performance with both the Nifty 50 and BSE Sensex trading marginally lower. The Nifty 50 is currently at 24,741.35, down 0.04% from its previous close. Similarly, the BSE Sensex stands at 81,302.11, showing a slight decline of 0.01%.
Sectoral Performance
The market is witnessing a divergence in sectoral performance:
Top Performing Sectors
| Sector | Change (%) |
|---|---|
| Engineering Services | 2.11 |
| Printing & Stationery | 1.84 |
| Aerospace & Defense | 1.30 |
Top Losing Sectors
| Sector | Change (%) |
|---|---|
| Castings, Forgings & Fasteners | -3.43 |
| Energy | -1.50 |
| Utilities | -1.47 |
| Trading | -0.36 |
Buzzing Stocks
Several stocks are making headlines today:
Federal-Mogul Goetze: The stock is up 13.75% following the announcement of strong Q4 results. The company reported a consolidated net profit of 594.00 million rupees, up from 403.00 million rupees year-over-year. Revenue also increased to 4.60 billion rupees from 4.30 billion rupees in the same quarter last year.
Mamata Machinery: Shares are trading 11.11% higher after the company reported improved Q4 financials. EBITDA increased to 368.00 million rupees from 258.00 million rupees year-over-year, with the EBITDA margin improving to 33.12%. Consolidated net profit rose to 271.00 million rupees, and revenue reached 1.10 billion rupees.
SOM Distilleries & Breweries: Despite reporting an increase in net profit to 237.00 million rupees from 200.00 million rupees year-over-year, the stock is down 8.72%. The company's revenue decreased to 6.80 billion rupees from 7.40 billion rupees in the same period last year.
Conclusion
As the trading day progresses, the market remains relatively flat with mixed sectoral performance. While engineering services and printing sectors lead the gains, energy and utilities face pressure. Investors are closely watching individual stock movements driven by recent earnings reports.
