Mid Day Bell: Nifty and Sensex Tumble as Oil & Gas Sector Leads Decline
By ScanX News Team
Indian markets face significant pressure at midday, with Nifty 50 down 1.19% and Sensex falling 0.97%. Oil & Gas sector leads the decline at -3.251%, followed by Engineering Services and Metals & Mining. Aviation emerges as the sole gainer, up 0.4948%. Vedanta Ltd. reports strong Q4 results but trades 6.974% lower. Market breadth remains negative, indicating widespread sell-off.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are experiencing significant pressure at midday on April 4, 2025, with both benchmark indices trading in the red. The Nifty 50 has slipped 1.19% to 22,973.30, while the BSE Sensex is down 0.97% at 75,556.46.
Sectoral Performance
The market's decline is broad-based, with several key sectors facing substantial losses:
| Sector | Average Decline |
|---|---|
| Oil & Gas | 3.251% |
| Engineering Services | 3.010% |
| Metals & Mining | 2.635% |
| Healthcare | 2.419% |
| Automobiles | 2.203% |
On a positive note, the Aviation sector stands out as the sole gainer, showing resilience with an average increase of 0.4948%.
Buzzing Stocks
Vedanta Ltd. is in focus today, despite the overall market weakness. The company has announced impressive fourth-quarter results:
- 18% quarter-on-quarter increase in total power sales
- 52% year-on-year growth in zinc international production
- 22% year-over-year rise in iron ore saleable production
- Annual aluminium production reached 2,421 kilotonnes, up 2% from the previous year
However, despite these positive developments, Vedanta's stock is trading 6.974% lower at ₹408.85, possibly due to profit-taking or broader market sentiment.
Market Breadth
The overall market breadth appears negative, with declining stocks outnumbering advancers across both exchanges. This suggests a widespread sell-off affecting most sectors and stocks.
Conclusion
As we reach the midpoint of today's trading session, the Indian markets are facing significant headwinds. The Oil & Gas sector is leading the decline, while most other sectors are also in the red. Despite some positive corporate announcements, like Vedanta's strong quarterly performance, investor sentiment remains cautious. The Aviation sector's resilience provides a glimmer of positivity in an otherwise challenging trading day.
