The Indian stock market experienced a volatile start to the week, with benchmark indices Sensex and Nifty 50 initially trading lower before showing some recovery. Concerns over global cues and profit-taking after a recent rally contributed to the market's subdued performance.
Key Index Movements
In early trade today, the Sensex fell by 155 points, a 0.19% decrease, settling at 82,175. The Nifty 50 was hovering around the 25,000 mark, down 22.15 points or 0.09%, at 24,997. These figures indicate a cautious start for the Indian equities market. On Friday, the Sensex closed at 82,330.59, down by 200.15 points or 0.24%, while the Nifty 50 ended at 25,019.80, a decrease of 42.30 points or 0.17%.
Gainers and Losers
Among the Sensex stocks, NTPC, Tata Motors, Asian Paints, Bajaj twins (Bajaj Finance and Bajaj Finserv), Power Grid, and SBI were the top gainers, rising by up to 1%. Conversely, Infosys, TCS, Eternal (Zomato), IndusInd Bank, HCL Tech, Tech Mahindra, M&M, Reliance Industries, and Nestle India were the top losers, falling by up to 1%.
Broader Market Trends
The broader market indices showed positive momentum, with the Nifty MidCap and Nifty SmallCap indices trading higher by around 0.3% and 0.66%, respectively. Sectoral indices presented a mixed picture, with Nifty IT being the only loser, down by 0.6%, influenced by Moody's credit rating downgrade for the US, sparking fears of a slowdown. On the gaining side, Nifty Auto, Pharma, Realty, and Metal indices climbed over 0.5% each, while the Nifty Bank index was up by 0.23%.
Stocks in Focus
Despite the overall market's tepid start, specific stocks like Data Patterns and Delhivery demonstrated significant positive movement. Data Patterns soared by 7%, while Delhivery also showed a rise of 6%. Data Patterns India Ltd is currently trading at ₹2,868.20, up by 9.26% in the past 24 hours. The company's market capitalization stands at ₹160.63 billion. Delhivery's share price was up by 6.31% at ₹341.25 at 9:18 AM IST.
Delhivery is in focus after reporting a consolidated net profit of ₹73 crore in Q4FY25, a turnaround from a net loss of ₹69 crore in the same quarter last year. The company's revenue from operations for the quarter was ₹2,192 crore, a 5.6% year-on-year increase. Expenses were also successfully trimmed by 8.3% on a quarter-on-quarter basis to ₹2,249 crore.
Global Market Influences
Asian markets displayed weakness, influenced by Chinese economic data highlighting ongoing domestic challenges and the downgrade of US stock markets by Moody's. US stock futures also reflected a cautious sentiment. GIFT Nifty was trading around 25,065, indicating a negative start for Indian stock market indices.
Analyst Perspectives
Analysts suggest that the Indian stock market is likely to maintain a positive bias, supported by easing geopolitical tensions, progress on trade agreements, and improving signs of macroeconomic stability. Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services Ltd, noted that the broader consolidation with a positive bias is likely to persist.
