NewsMarketsMarkets at Noon: Sensex Surges, Nifty Steady as Aviation and Petroleum Sectors Take FlightMarkets at Noon: Sensex Surges, Nifty Steady as Aviation and Petroleum Sectors Take Flight
By ScanX News Team
Indian markets show divergence at midday with BSE Sensex up 0.34% while Nifty 50 remains flat. Aviation leads sectoral gains at 1.82%, followed by Petroleum Products. Engineering Services faces the biggest decline at -1.18%. Sportking India soars 19.99% on strong Q4 results, while Godrej Agrovet plummets 11.48% despite profit growth. Market sentiment remains cautious with selective buying in specific sectors and stocks.
*this image is generated using AI for illustrative purposes only.
Market Overview
As the clock strikes noon on May 2, 2025, Indian markets are showing mixed signals. The BSE Sensex is displaying robust momentum, while the Nifty 50 is holding steady with a slight uptick.
The Nifty 50 is currently trading at 24,349.20, up by 15.00 points or 0.06% from its previous close. Meanwhile, the BSE Sensex is showcasing stronger performance, trading at 80,513.78, marking a significant increase of 271.54 points or 0.34%.
Sectoral Performance
Top Performing Sectors
| Rank | Sector | Avg. Per Change |
|---|---|---|
| 1 | Aviation | 1.82% |
| 2 | Petroleum Products | 0.82% |
| 3 | Transport Services | 0.68% |
| 4 | Textiles | 0.60% |
| 5 | Metals & Mining | 0.47% |
Top Losing Sectors
| Rank | Sector | Avg. Per Change |
|---|---|---|
| 1 | Engineering Services | -1.18% |
| 2 | Media | -0.45% |
| 3 | FMCG | -0.41% |
| 4 | Utilities | -0.23% |
| 5 | Telecom | -0.22% |
Buzzing Stocks
Sportking India is leading the pack with a remarkable 19.99% surge following impressive Q4 results, including a significant increase in net profit and revenue.
RailTel Corporation of India has seen its share price jump by 10.61% after reporting strong Q4 performance with substantial growth in net profit and revenue.
MOIL shares are up 8.74% following announcements of price adjustments for various grades of manganese ore.
VST Tillers has gained 6.75% after reporting significant year-over-year sales growth for both power tillers and tractors in April.
On the downside, Godrej Agrovet has experienced a sharp decline of 11.48% despite reporting an increase in Q4 consolidated net profit, as investors react to flat revenue and margin pressures in some segments.
Phoenix Mills shares are down 6.88% following a decrease in Q4 consolidated net profit, despite management's optimistic outlook on future rental and consumption growth.
Indus Towers has seen a 6.68% drop after delaying plans to enhance shareholder value and forming a committee to evaluate proposals.
Conclusion
As we reach the midpoint of the trading day, the market presents a mixed picture with the Sensex showing strength while the Nifty remains relatively flat. Sector-wise, Aviation and Petroleum Products are leading the gains, while Engineering Services and Media face headwinds. Individual stocks are seeing significant movements based on their quarterly results and company-specific news.
