Stock Market Today: Sensex Slumps Nearly 600 Points, Nifty Retreats To 24,600 Levels As RIL, ITC Drag

The Nifty 50 and Sensex witnessed the worst intraday fall since May 13.

(Photo: NDTV Profit) 

Investors assess earnings from several companies like Sandhar Technologies Ltd., Indoco Remedies, Emcure Pharmaceuticals Ltd., Unichem Laboratories Ltd., Goodluck India Ltd.
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Market At Close: Sensex Records Worst Session Since May 9

  • Nifty and Sensex closed lower for the day.

  • Mahindra & Mahindra and ONGC are the top losers in Nifty.

  • Nifty Midcap 150 fall for the day, drag by Aditya Birla Fashion and Colgate

  • Nifty smallcap 250 recovers from low and ends flat for the day.

  • Nifty FMCG emerged as the top losing sector for the day, dragged by Colgate and United Breweries.

  • All sectoral indices end lower barring Nifty Media.

  • Nifty Media gains 1% for the day, ends higher for the second consecutive day.

Rupee Ends At One-Month Low Against US Dollar

  • The rupee fell 37 paise to end at 86.01 against US Dollar

  • It's the lowest level since April 11

  • It closed at 85.64 a dollar on Wednesday.

Source: Bloomberg

Stock Market Live: Tata Teleservices's Writ Petition For Waiver Of Interest Of AGR Dues Dismissed

Tata Teleservices (Maharashtra)'s writ petition for waiver of interest payment of AGR dues is dismissed by the Supreme Court.

Stock Market Live: NTPC Green Energy Gets Battery Energy Storage Project In Kerala 

NTPC Green Energy Ltd. received 80 megawatt and 320 megawatt battery energy storage project in Kerala, the company said in an exchange filing.

Stock Market Crash: Nifty, Sensex Fall Over 1% — Key Drivers Behind Market Decline

Indian stock markets decline on Thursday, buoyed by negative global cues and fears of a higher fiscal deficit in the US. The Nifty 50 fell 1.21% to hit 24,513.50, while the Sensex declined by over 1,000 points to 80,595.26.

Weakness in global stock markets due to rise in volatility in US securities, fall in domestic currency against US dollar, declining crude oil prices weighed on Indian markets on Thursday. Moreover, it's an expiry day which tends to create more volatility in the market.

Read the full article here.

Stock Market Live: Sandhar Technologies Share Price Rises Over 4% As Q4 Net Profit Rises 

Sandhar Technologies Q4 Highlights (Consolidated, YoY)

  • Net Profit rises 18.8% to Rs 42.6 crore versus Rs 36 crore.

  • Revenue rises 10.5% to Rs 1,014 crore versus Rs 918 crore.

  • Ebitda rises 6% to Rs 104 crore versus Rs 98 crore.

  • Margin at 10.2% versus 10.7%.

  • To pay final dividend of Rs 3.5 per share.

Stock Market Live Update: Subros Jumps Over 6% As Q4 Net Profit Rises 

Subros Q4 Highlights (Consolidated, YoY)

  • Net Profit rises 51.8% to Rs 46.2 crore versus Rs 30.4 crore.

  • Revenue rises 9.3% to Rs 908 crore versus Rs 831 crore.

  • Ebitda up 20.2% to Rs 92.8 crore versus Rs 77 crore.

  • Margin at 10.2% versus 9.3%.

  • To pay dividend of Rs 2.6 per share.

For live updates on Q4 earnings click here.

Stock Market Live: Astra Microwave Share Price Sinks Despite Upbeat Q4 Results 

Astra Microwave Products Q4 Highlights (Consolidated, YoY)

  • Revenue up 15.2% to Rs 407.85 crore versus Rs 353.96 crore.

  • Net Profit up 35% to Rs 73.49 crore versus Rs 54.40 crore.

  • Ebitda up 48% to Rs 119.55 crore versus Rs 80.70 crore.

  • Margin at 29.3% versus 22.8%.

  • To pay dividend of Rs 2.2 per share.

Stock Market Today: Indoco Remedies Extends Losses As Q4 Net Profit Slumps 

Indoco Remedies Q4 Highlights (Consolidated, YoY)

  • Net Loss of Rs 40.4 crore versus Profit of Rs 22.7 crore.

  • Revenue falls 13.2% to Rs 390 crore versus Rs 450 crore.

  • Ebitda loss of Rs 79 lakh versus profit of Rs 48.9 crore.

Stock Market Today: Barbeque-Nation Hospitality Falls Over 7% As Net Loss Increases 

Barbeque-Nation Hospitality Q4 Highlights (Consolidated, YoY)

  • Revenue down 1.8% to Rs 292.77 crore versus Rs 298.05 crore.

  • Net loss at Rs 20.23 crore versus loss of Rs 1.07 crore.

  • Ebitda down 3% to Rs 53.28 crore versus Rs 54.73 crore.

  • Margin at 18.2% versus 18.4%.

Stock Market Live Update: Emcure Pharma Share Price Jumps 6% As Q4 Net Profit Rises 

Emcure Pharma Q4 Highlights (Consolidated, YoY)

  • Revenue up 19.5% to Rs 2,116.25 crore versus Rs 1,771.36 crore.

  • Net Profit up 64% to Rs 188.96 crore versus Rs 115.17 crore.

  • Ebitda up 30% to Rs 402.41 crore versus Rs 310.68 crore.

  • Margin at 19.0% versus 17.5%

Stock Market Update: Unichem Labs Hits Highest Level In Over One Month After Posting Profit In Fourth Quarter 

Unichem Laboratories Q4 Highlights (Consolidated, YoY)

  • Revenue up 27.8% to Rs 587.18 crore versus Rs 459.60 crore.

  • Net Profit at Rs 52.97 crore versus Rs -136.74 crore.

  • Ebitda up 287% to Rs 83.70 crore versus Rs 21.63 crore.

  • Margin at 14.3% versus 4.7%.

Unichem Laboratories jumped 9.81% to Rs 668.00, the highest level since April 7.

For live updates on Q4 earnings click here.

Stock Market Live Update: Good Luck India Off Lows After Q4 Net Profit Rises 

Goodluck India Q4 Earnings Key Highlights (Consolidated, YoY)

  • Net profit rose 13.8% to Rs 41.9 crore versus Rs 36.9 crore

  • Revenue rose 22.4% to Rs 1,105 crore versus Rs 902 crore

  • Ebitda rose 27.8% to Rs 84.6 crore versus Rs 66.2 crore

  • Margin At 7.7% Vs 7.3%

  • To pay final dividend of Rs 4 per share

Fitch Assigns 'BBB-' Rating To IIFCL

Fitch has assigned India Infrastructure Finance Company Limited (IIFCL) first-time Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) of 'BBB-'. The Outlook is Stable.

Sanghvi Movers Secures Order Worth Rs 49.5 Crore

Sanghvi Movers has secured a work order worth Rs 49.5 crore from Deepak Fertilisers for project management and engineering services,

Source: Exchange Filing

Rupee Falls To One-Month Low Against US Dollar

  • Rupee fell 42 paise to 86.06 against US Dollar

  • It's the lowest level since April 11

  • It closed at 85.64 a dollar on Wednesday.

Source: Bloomberg

Stock Market Live: Clean Science Rises After Net Profit Rises

Clean Science Q4 Highlights (Consolidated, YoY)

  • Revenue up 15.9% to Rs 263.68 crore versus Rs 227.52 crore.

  • Net Profit up 5% to Rs 74.09 crore versus Rs 70.27 crore.

  • Ebitda up 11% to Rs 104.78 crore versus Rs 94.50 crore.

  • Margin at 39.7% versus 41.5%.

Stock Market Live: Salzer Electronics Gets Rs 192 Crore BBMP Order 

Salzer Electronics received Rs 192 crore Bruhat Bengaluru Mahanagara Palike order for Smart Street Lighting project in Bengaluru, the company said in an exchange filing.

Stock Market Live: Himadri Specialty Board Approves Acquisition In International Battery

Himadri Specialty Chemical Chemical's board approved acquisition of 16.24% stake in International Bakery Company for Rs 37.4 crore, the company said.

Stock Market Today: Tata Altroz Launched At Rs 6.89–11.29 Lakh

Tata Altroz was launched at an introductory price of Rs 6.89-11.29 lakh. The only hatchback to get three power train options across diesel, petrol and CNG

Stock Market Today: TCS Signs Five-Year Pact With Finnish Telecom Provider 

Tata Consultancy Services Ltd. signed a five-year pact with a Finnish telecom provider DNA for cloud transformation program, the exchange filing said.

SEBI Likely To Finalise Proposal To Fix All Equity F&O Expiries On Tuesdays Or Thursdays

  • NSE has applied for Tuesday as their weekly expiry

  • Request submitted to the regulator, may be considered

  • Each exchange will be allowed one weekly index options contract.

Alert: BSE's expiry day is Tuesday

Also Read: NSE Applies For Tuesday As Weekly F&O Expiry, Sources Say

NALCO Earnings Concall Highlights 

  • Operating at almost 100% capacity in all facilities

  • Seek to cut alumina output cost by Rs 1,000 -Rs 1,500 per tonne

  • Spent Rs 3,500 crore on alumina facility expansion

  • 90-95% of sales going to the export market

  • Linkage coal at Rs 2,000 per tonne, our coal costs upto Rs 1,600 perTonne

  • Total coal Needs at 7.2 million tonne, to mine 4 million tonne from Utkal-D Block

Stock Market Live Update: ABB India, SAIL Sign Pact

ABB India signed a digital transformation pact with the Steel Authority of India to explore boosting productivity in the Rourkela plant.

Source: Exchange Filing

Stock Market Live Update: Bajaj Auto Intends To Take Control Of KTM Business

Bajaj Auto Ltd. has made a significant move to take charge of rebuilding KTM. The company plans to take control of KTM's business through its subsidiary, BAIHBV. To support this initiative, Bajaj Auto has arranged €800 million in debt funding for KTM.

Stock Market Today: India VIX Falls Nearly 5%

The NSE Nifty India Volatility Index fell 4.80% to 16.70. It rose later as much as 3.73%. It was trading 0.24% down as of 10:58 a.m.

Stock Market Live: RVNL Share Price Rises Despite Q4 Profit Slip

Shares of Rail Vikas Nigam Ltd. rose over 2% on Thursday, even as its fourth quarter net profit declined.

Stock Market Today: H.G. Infra Engineering Share Price Slumps 9% After Profit Falls 

H.G. Infra Engineering Ltd. share price slumped 9.07% to Rs 1,140.1 apiece as it reported a 22.7% on the year decline in its net profit for January–March quarter.

Stock Market Live Update: NTPC Green Share Price Surges Nearly 11% After Q4 Growth

NTPC Green Energy Ltd.'s share price surged nearly 11% after the company showcased growth across financial metrics in the fourth quarter of fiscal 2025.

For the quarter ended March 31, 2025, NTPC Green Energy reported a revenue increase of 22.5%, reaching Rs 622.27 crore compared to Rs 508.14 crore in the same period last year.

Also Read: NTPC Green Share Price Surges Nearly 11% After Q4 Growth

Stock Market Live: Jindal Poly Films Share Price Slumps 8% 

Jindal Poly Films Ltd. share prices declined 8.02% to Rs 640.80 apiece, the lowest level since May 12. It pared losses to trade 6.78% down at Rs 648.55 apiece.

A fire incident occurred at an arm’s plant in Nashik. Production and operation at part of the plant are temporarily disturbed, according to an exchange filing.

Also Read: Jindal Poly Films Share Price Slumps After Fire Incident At Nashik Plant

Stock Market Live: Nifty IT Falls Nearly 2% On Weak Global Cues

The NSE Nifty IT fell 1.70% to Rs 36,900.15 as Infosys Ltd., Tata Consultancy Services Ltd., and Persisted Systems Ltd. dragged. The index is falling as Wall Street witnessed sharp losses overnight because of rising concern over how will US manage its finances with a tax-cut bill impending and high debt levels.

Stock Market Live: IndusInd Bank Recovers Shortly After Hitting One-Month Low 

IndusInd Bank share price declined 5.73% to Rs 725.8 apiece, the lowest level since April 15. The share price plunged as the private lender reported more loss than expected due to discrepancies. Further, the lender will initiate probe against ex senior management personnel for alleged frauds.

The stock erased losses swiftly as rose 2.42% to Rs 788.6 apiece and took the lead gainer position in the Nifty 50 index.

Also Read: IndusInd Bank Q4 Results: Loss Widens As Lender Fights Additional Discrepancies

Stock Market Live: Garden Reach Emerges As Lowest Bidder For An Indian Navy Project 

Garden Reach Shipbuilders & Engineers Ltd. has emerged as the lowest bidder for the construction of next-generation corvettes for the Indian Navy. The company is set to be awarded a contract for five next-generation corvette ships, valued at over Rs 25,000 crore.

Sectoral Performance At Open: Nifty IT Emerges As Worst Performing Sectoral Index

On NSE, 10 sectoral indices declined, four advanced, and one remained flat out of 15. The NSE Nifty IT declined the most, and the NSE Nifty Media rose the most.

Nifty Contributors: HDFC Bank, RIL, Infosys Weigh Most

HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd., ITC Ltd., and Tata Consultancy Services Ltd. weighed on the Nifty 50 index.

Jio Credit Ltd., Adani Ports & Special Economic Zone Ltd., Tata Steel Ltd., HDFC Life Insurance Co., and ICICI Bank Ltd. added to the Nifty 50 index.

Stock Market Today: Nifty, Sensex Fall As RIL, Infosys Share Prices Weigh

The NSE Nifty 50 and BSE Sensex declined on Thursday as Reliance Industries Ltd. and Infosys Ltd. share prices dragged. Further, losses across global markets also weighed on the sentiment of investors.

The Nifty 50 and Sensex were trading 0.85% and 0.86% down respectively as of 9:23 a.m.

Stock Market Today: Nifty, Sensex Fall At Pre-Open 

At pre-open, the NSE Nifty 50 was trading 79.50 points or 0.32% down at 24,733.95, and the BSE Sensex was trading 0.30% or 244.40 points down at 81,352.39.

Yield On The 10-Year Bond Opens Flat

  • The yield on the 10-year bond opened flat at 6.25%

Source: Bloomberg

Rupee Opens Stronger Against US Dollar

  • Rupee opens 6 paise stronger at 85.58 against US Dollar

  • It closed at 85.64 a dollar on Wednesday.

Source: Bloomberg

Oil Prices Decline For Three Sessions 

Oil prices declined for third day in a row as US stockpiles rose which further improved supply outlook. The Brent July future was trading 0.02% down at $64.90 a barrel as of 8:46 a.m.

Also Read: Oil Drops As OPEC+ Raises Specter of Yet Another Big Output Hike

Stock Market Live: Macquarie On IndusInd Bank 

  • Maintain Outperform with a target price of Rs 1,210

  • Q4: Large earnings miss, multiple events recognized

  • Asset quality still a concern

  • If one assumes that cleanup is largely done, which in itself is questionable, normalised PPOP was Rs 12000 cr annualised for Q4

  • Stock currently at 5x trailing PPOP, which is lower than peers

  • Further, on a trailing book, the stock trades at 0.9x FY25 P/B

  • Clarity around management succession, peak credit costs, sustainable NIMs, and governance are key monitorables

Asia Market Update: Share Indices Fall Tracking Wall Street Losses

Asia-Pacific share indices declined Thursday, tracking overnight losses on Wall Street on growing concern over US debt. A proposed tax-cut bill is fueling worries over how will US manage its finances.

The Nikkei 225 and KOSPI were trading 0.80% and 1.30% down, respectively as of 8:04 a.m.

US Market Update: Dow Jones Falls Nearly 2% As US Debt Worries Weigh 

US share indices ended sharply lower as investors were weighed by concern over US debt levels. Long-dated treasuries sale also pressured share indices. Long-term treasury notes yields may rise because of concerns over US debt burden, as reported by Bloomberg.

On Wednesday, the Dow Jones Industrial Average fell 1.91% at 41,860.44. S&P 500 fell 0.19% at 5,872.25. The Nasdaq Composite fell 1.41% at 18,872.64.

Also Read: Stocks Lose Steam In Final Minutes Of US Trading: Markets Wrap

GIFT Nifty Implies Negative Open; IndusInd Bank, IndiGo, ONGC Shares In Focus

The GIFT Nifty was trading 0.08% or 21 points higher at 24,783.50 as of 7:03 a.m., which implied a lower open for the Nifty 50.

Traders will monitor IndusInd Bank Ltd., InterGlobe Aviation Ltd., Oil and Natural Gas Corp., and Ircon International Ltd. share prices as they reported fourth quarter earnings.

The benchmark equity indices closed higher, breaking a three session losing streak on Wednesday, amid volatility in the domestic stock markets.

On Wednesday, the NSE Nifty 50 closed 129.55 points, or 0.52% higher at 24,813.5 and the BSE Sensex ended 410 points, or 0.51% up at 81,596.

Also Read: Stock Market Highlights: Nifty, Sensex Snap Three-Day Losing Streak; Defence Stocks Outperform

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WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
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