Markets at Noon: Nifty, Sensex Climb as Aviation and Energy Sectors Soar
By ScanX News Team
Indian markets show positive momentum at midday on May 5, 2025, with Nifty 50 up 0.40% and Sensex gaining 0.31%. Aviation sector leads with a 2.66% increase, followed by Petroleum Products and Oil & Gas. R R Kabel and Netweb Technologies surge on strong Q4 results, while Kotak Mahindra Bank faces headwinds. The market displays resilience across key sectors, with energy and tech stocks driving growth.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on May 5, 2025, Indian markets are showing positive momentum. The Nifty 50 is trading at 24,443.60, up 96.90 points or 0.40% from its previous close. Similarly, the BSE Sensex has gained 249.81 points or 0.31%, currently standing at 80,751.80.
Sectoral Performance
The market is witnessing strong performance in several key sectors:
| Sector | Percentage Change |
|---|---|
| Aviation | 2.66% |
| Petroleum Products | 1.95% |
| Oil & Gas | 1.77% |
| Engineering Services | 1.75% |
| Power | 1.40% |
Buzzing Stocks
Kotak Mahindra Bank (Down 5.29%)
Kotak Mahindra Bank is facing headwinds after reporting a 14% year-on-year decrease in Q4 profit. The bank attributes this decline primarily to challenges in the microfinance sector. In response, it has launched new mobile banking apps following a technology embargo. CEO Ashok Vaswani remains focused on sustainable growth, targeting 1.5 to 2 times nominal GDP growth while emphasizing prudence and risk management.
R R Kabel (Up 14.15%)
R R Kabel has reported impressive Q4 results, with consolidated net profit surging 63% to Rs 129 crore. The company's revenue increased by 26.39% to Rs 2,217 crore, while EBITDA grew 68.55% to Rs 193.5 crore with margin expansion. The board has recommended a final dividend of Rs 3.5 per share. Looking ahead, R R Kabel plans to expand capacity and aims for an 18% CAGR in its wires and cables business over the next three years.
Netweb Technologies (Up 13.68%)
Netweb Technologies India has posted strong Q4 results, with net profit increasing 42% to Rs 42.9 crore and revenue growing 24.2% to Rs 415 crore. The company's AI segment is emerging as a major growth driver, contributing 14.8% to revenue with a 112.0% yearly increase. Netweb has declared a 125% dividend of ₹2.5 per share and received its first claim under the PLI Scheme 2.0 for IT hardware.
Conclusion
As the trading day reaches its midpoint, the Indian markets are showing resilience with both the Nifty 50 and Sensex in positive territory. The aviation and energy sectors are leading the charge, while individual stocks like R R Kabel and Netweb Technologies are making significant gains on the back of strong quarterly results. However, the banking sector faces some pressure, as evidenced by Kotak Mahindra Bank 's performance.
