Markets at Noon: Sensex and Nifty Dip as Aviation and Energy Sectors Drag
By ScanX News Team
Indian stock markets show a slight downward trend at midday on April 24, 2025, with Nifty 50 down 0.29% and Sensex down 0.33%. Engineering Services and Healthcare sectors lead gains, while Aviation and Energy sectors lag. Syngene International plummets 11.95% on disappointing Q4 results, Rallis India drops 4.68% on widened losses, and Thyrocare Technologies surges 12.63% following strong quarterly performance. Overall market sentiment remains mixed with significant sector-wise variations.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on April 24, 2025, Indian stock markets are showing a slight downward trend. The Nifty 50 is trading at 24,258.00, down 70.95 points or 0.29% from its previous close. Similarly, the BSE Sensex stands at 79,853.38, reflecting a decline of 263.11 points or 0.33%.
Sectoral Performance
Top Losing Sectors
| Sector | Change (%) |
|---|---|
| Aviation | -0.35 |
| Energy | -0.22 |
| Insurance | -0.08 |
| FMCG | -0.06 |
Top Performing Sectors
| Sector | Change (%) |
|---|---|
| Engineering Services | 2.33 |
| Healthcare | 1.51 |
| Information Technology | 0.88 |
| Chemicals | 0.82 |
| Transport | 0.72 |
Buzzing Stocks
Syngene International
Syngene's shares plummeted 11.95% to ₹659.60 following disappointing Q4 results and FY26 guidance. The company's revenue missed estimates, growing 11% to ₹1,018 crore in Q4. EBITDA margins declined year-over-year to 33.7%. Analysts expect significant downward revisions to FY26 EBITDA estimates.
Rallis India
Rallis India's stock declined 4.68% to ₹242.00 after reporting a net loss of ₹320 million in Q4 FY23, wider than the ₹210 million loss in the same quarter last year. Q4 revenue slightly decreased to ₹4.3 billion. Despite the losses, the company recommended a dividend of ₹2.50 per equity share.
Thyrocare Technologies
Thyrocare Technologies saw a significant surge of 12.63% to ₹866.35 following strong Q4 results. The company reported a 22% increase in net profit to ₹21.7 crore, with revenue rising 21.3% YoY to ₹187 crore. The EBITDA margin expanded to 30.8%, and the board recommended a final dividend of ₹21 per share.
Market Breadth
The overall market sentiment appears mixed, with significant sector-wise variations. While sectors like Engineering Services and Healthcare are showing strength, Aviation and Energy are facing headwinds. Individual stocks are reacting strongly to their respective quarterly results and future guidance.
