Mid Day Bell: Nifty and Sensex Plunge Over 4% Amid Broad-Based Selloff
Indian stock markets are witnessing a significant downturn at midday on April 7, 2025. The Nifty 50 has plummeted 4.10% to 21,966.40, while the BSE Sensex dropped 3.86% to 72,456.39. The selloff is broad-based, with Aerospace & Defense, Transport Services, and Aviation among the worst-hit sectors. Trent Ltd is in the spotlight, tumbling 16.568% following bearish analyst commentary on its Q4 business update. No sectors have reported positive performance, indicating widespread negative sentiment.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are witnessing a significant downturn at midday on April 7, 2025, with both benchmark indices registering steep losses. The Nifty 50 has plummeted 4.10% to 21,966.40, shedding 938.05 points from its previous close. Similarly, the BSE Sensex has dropped 3.86% to 72,456.39, marking a decline of 2,908.30 points.
Sectoral Performance
The selloff appears to be broad-based, with several sectors experiencing substantial declines:
| Sector | Decline (%) |
|---|---|
| Aerospace & Defense | 6.324 |
| Transport Services | 6.176 |
| Aviation | 5.659 |
| Engineering Services | 5.530 |
| Metals & Mining | 5.406 |
No sectors have been reported as top performers, indicating a widespread negative sentiment across the market.
Buzzing Stocks
Trent Ltd has been in the spotlight today, with its stock price tumbling 16.568% to Rs. 4,641.2. The sharp decline follows bearish analyst commentary after the company's Q4 business update. Key points include:
- A significant block trade of approximately 43,723 shares at Rs. 4,569.10 per share, totaling Rs. 19.98 crores.
- Q4 sales growth of 28% YoY, down from 37% in Q3.
- FY25 revenue growth at 39% YoY, below analyst forecasts.
- Concerns raised by Goldman Sachs and Morgan Stanley about potential demand weakness or aggressive discounting.
Conclusion
As the trading session reaches its midpoint, the Indian stock markets are facing severe pressure across sectors. The steep declines in benchmark indices and the absence of any positively performing sectors paint a challenging picture for investors. The situation with Trent Ltd serves as a microcosm of the broader market sentiment, with analyst concerns amplifying the downward trend.
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