Markets at Noon: Nifty Dips, Sensex Gains Marginally on May 8, 2025
By ScanX News Team
Indian markets show mixed trends at midday on May 8, 2025. Nifty 50 is down 0.05% at 24,402.00, while BSE Sensex is up 0.04% at 80,780.98. Engineering Services sector leads with a 2.90% gain, followed by Consumer Services at 2.02%. Shriram Pistons & Rings surges 15.09% on strong Q4 results, while Gensol Engineering drops 5.01% due to SEBI order. The market displays sector-specific movements and stock-specific actions based on quarterly results and regulatory news.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on May 8, 2025, Indian markets are showing mixed signals. The Nifty 50 is trading slightly lower at 24,402.00, down 0.05% from its previous close. In contrast, the BSE Sensex has edged up marginally, trading at 80,780.98, a 0.04% increase from its last close.
Sectoral Performance
The market is witnessing significant movements across various sectors:
| Sector | Average Percentage Change |
|---|---|
| Engineering Services | 2.90% |
| Consumer Services | 2.02% |
| Textiles | 1.86% |
| Aerospace & Defense | 1.71% |
| Telecom | 1.69% |
Buzzing Stocks
Several stocks are making headlines in today's trading session:
Gensol Engineering Ltd
The stock is down 5.01% at ₹59.78. The Securities Appellate Tribunal (SAT) has refused to stay SEBI's order barring the company from accessing securities markets due to alleged fund diversion and fraudulent practices.
Shriram Pistons & Rings Ltd
Trading at ₹2,141.90, up by a substantial 15.09%. The company reported strong Q4 results with increased EBITDA and improved margins. A dividend of ₹10 per share has been recommended.
Bharat Seats Ltd
The stock has surged 13.85% to ₹102.91. The company reported a 42.5% YoY increase in Q4 profit to ₹11.4 crore, with revenue up 41.4% to ₹393 crore. A dividend of ₹1.10 per share has been proposed.
Conclusion
As the trading day progresses, the market shows a mixed trend with the Nifty slightly down and Sensex marginally up. Engineering Services and Consumer Services sectors are leading the gains, while individual stocks like Shriram Pistons & Rings and Bharat Seats are seeing significant upward movements based on strong quarterly results.
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