NewsMarketsMarkets Dip at Midday: Nifty and Sensex Down Over 0.5%, Aviation Sector Leads LossesMarkets Dip at Midday: Nifty and Sensex Down Over 0.5%, Aviation Sector Leads Losses
By ScanX News Team
Indian markets are trading in negative territory at midday, with Nifty 50 down 0.59% and Sensex falling 0.62%. Aviation sector leads losses at -1.43%, while Diamond, Gems and Jewellery sector gains 2.07%. Notable stock movements include Indian Energy Exchange locked in 10% lower circuit, Coforge and Persistent Systems falling on earnings, and Force Motors surging 15.92% on robust quarterly performance.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday, Indian markets are trading in negative territory. The Nifty 50 is currently at 25,070.15, down 149.75 points or 0.59% from its previous close. Similarly, the BSE Sensex stands at 82,215.65, showing a decline of 510.99 points or 0.62%.
Sectoral Performance
Top Losing Sectors
| Sector | Change (%) |
|---|---|
| Aviation | -1.43 |
| Logistics & Cargo | -1.27 |
| Engineering Services | -1.24 |
| Capital Markets | -1.15 |
| Power | -0.99 |
Top Performing Sectors
| Sector | Change (%) |
|---|---|
| Diamond, Gems and Jewellery | +2.07 |
| Trading | +1.87 |
| Healthcare Services | +0.74 |
| Printing & Stationery | +0.64 |
Buzzing Stocks
Indian Energy Exchange (IEX): The stock is locked in a 10% lower circuit at ₹139.02, down 26.01%. This follows CERC's approval of market coupling norms set for implementation in January 2026. The company also witnessed significant block trades worth approximately ₹157 crores.
Coforge: Shares fell over 8% to ₹1,694 following quarterly earnings that missed analyst expectations. The company reported a profit of ₹317 crore and revenue of ₹3,689 crore, both below estimates.
Persistent Systems: The stock is down 7.77% to ₹5,170 after reporting quarterly results. The company set a revenue target of $2 billion by FY27, planning to achieve this through a 19-20% annual growth rate.
Nestle India: Shares dropped 5.21% to ₹2,324.7 after reporting Q1 revenue of ₹51 billion, down from ₹58.1 billion in the same period last year. The company's EBITDA and net profit also fell short of estimates.
Force Motors: The stock surged 15.92% to ₹19,868 following robust quarterly performance. The company's consolidated net profit rose to ₹1.76 billion from ₹1.16 billion year-over-year.
Senores Pharmaceuticals: Shares jumped 13.09% to ₹688.65 after reporting strong quarterly results with total income rising 72% year-over-year to ₹138 crores.
Pondy Oxides: The stock is up 12.77% to ₹1,069.6 following the announcement of plans to double its revenue to ₹4,000 crores by FY30.
Conclusion
The Indian markets are experiencing a downturn at midday, with both the Nifty and Sensex trading lower. The aviation sector is leading the losses, while the diamond, gems, and jewellery sector is showing the strongest gains. Several stocks are making significant moves based on their quarterly results and corporate announcements.
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