Markets Dip at Midday: Nifty, Sensex Down as Insurance and Jewelry Sectors Struggle
By ScanX News Team
Indian markets show a downward trend at midday on August 1, with Nifty 50 at 24,653.30 (-0.46%) and Sensex at 80,870.80 (-0.39%). Sectoral performance is mixed, with Cables (+2.17%) and Trading (+1.58%) leading gains, while Diamond, Gems and Jewellery (-1.98%) and Insurance (-1.88%) sectors face losses. Notable stock movements include PNB Housing Finance (-17.45%) following CEO resignation, Skipper Ltd (+11.98%) on growth targets, and Netweb Technologies (+9.61%) driven by AI projects.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on August 1, 2025, Indian markets are showing a downward trend. The Nifty 50 is trading at 24,653.30, down 115.05 points or 0.46% from its previous close. Similarly, the BSE Sensex stands at 80,870.80, reflecting a decline of 314.78 points or 0.39%.
Sectoral Performance
The market is witnessing mixed sectoral performance:
Top Losing Sectors:
- Diamond, Gems and Jewellery (Avg. Per Change: -1.98%)
- Insurance (Avg. Per Change: -1.88%)
Top Performing Sectors:
- Cables (Avg. Per Change: 2.17%)
- Trading (Avg. Per Change: 1.58%)
- Castings, Forgings & Fasteners (Avg. Per Change: 0.98%)
- Food Products (Avg. Per Change: 0.53%)
- Consumer Services (Avg. Per Change: 0.52%)
Buzzing Stocks
Several stocks are making headlines in today's trading session:
| Company | LTP (₹) | Change (%) | News |
|---|---|---|---|
| PNB Housing Finance Ltd | 814.10 | -17.45 | CEO Girish Kousgi's resignation due to personal reasons. Punjab National Bank, holding over 28% stake, has no plans to increase its shareholding. |
| Mufti Ltd | 136.34 | -17.39 | Stock down following a decline in quarterly EBITDA and net profit, despite announcing ambitious growth plans. |
| Niva Bupa Health Insurance | 81.92 | -6.43 | Company's growth strategy announcement has not prevented a decline in stock price. |
| Chemfab Alkalis Ltd | 740.40 | -5.59 | Reported mixed quarterly results with standalone profit increase but consolidated loss. |
| Reliance Infrastructure Ltd | 311.70 | -5.00 | Stock declined following ED summons to Anil Ambani in an alleged loan fraud case. |
| Skipper Ltd | 543.85 | +11.98 | Announced 25% revenue growth target for FY'26 and capacity expansion plans. |
| Nelcast Ltd | 173.38 | +10.38 | Board approved quarterly financial results. |
| Netweb Technologies Ltd | 2,226.80 | +9.61 | Reported significant growth driven by AI-related projects and announced global expansion plans. |
Conclusion
The mid-day market scenario shows a slight bearish trend in the broader indices. While sectors like Cables and Trading are showing strength, Insurance and Jewelry sectors are under pressure. Individual stocks are reacting to company-specific news and quarterly results, leading to significant price movements in both directions.
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