Mumbai, May 24 (UNI) The BSE Sensex dropped 609.51 points or 0.74 per cent to settle at 81,721.08 during the week ended on Friday, driven by escalating global trade tensions, even fiscal deficits, rising bond yields and renewed fiscal concerns in major economies too impacted the same.
The Nifty fell 165.65 pts or 0.67 pc at 24,853.15.
Investor sentiment was further dampened by growing apprehensions over the US fiscal outlook, following Moody’s downgrade of the US credit outlook. Investors are anticipating to closely track bond yields, global economic indicators, and upcoming Q4 earnings results.
Indices ended lower for three out of five trading sessions.
The BSE Mid-Cap index declined 0.32 pc to close at 44,861.42. The BSE Small-Cap index jumped 0.93 pc to end at 51,521.42.
On Monday, the S&P BSE Sensex declined 271.17 points or 0.33 pc to 82,059.42.
The Nifty 50 index fell 74.35 points or 0.30 pc to 24,945.45.
On Tuesday, it was crashed another 872.98 points or 1.06 pc to 81,186.44. The Nifty 50 index declined 261.55 points or 1.05% to 24,683.90.
On Wednesday, it was bounced back 410.19 pts at 81,596.63. The Nifty 50 index rose 129.55 points or 0.52% to 24,813.45.
On Thursday, the BSE Sensex tanked 644.64 points or 0.79% to 80,951.99. The Nifty 50 index tumbled 203.75 points or 0.82% to 24,609.70, a global selloff triggered by rising bond yields and renewed fiscal concerns in major economies.
And on Friday, the last trading of the week, the BSE sensex jumped 769.09 points or 0.95 pc to 81,721.08. The Nifty 50 index rose 243.45 points or 0.99% to 24,853.15.
Hindalco Industries fell 1 pc. The company's consolidated net profit jumped 66.45% to Rs 5,283 crore on 15.89% increase in revenue from operation to Rs 64,890 crore in Q4 FY25 compared with Q4 FY24.
Oil and Natural Gas Corporation (ONGC) dropped 1.64 pc. The company’s standalone net profit fell 34.66% to Rs 6,448.28 crore in Q4 FY25 as against Rs 9,869.37 crore posted in Q4 FY24.
Sun Pharmaceutical Industries declined 2.98 pc. The company’s consolidated net profit declined 19% to Rs 2,149.88 crore, despite of 8.5% increase in revenue from operations to Rs 12,815.58 crore in Q4 FY25 over Q4 FY24.
Vodafone Idea nosedived 8.14 pc. The Supreme Court reportedly dismissed its writ petition seeking urgent relief on Adjusted Gross Revenue (AGR) dues. The ripple effect hit Indus Towers too, with shares sliding up to 2.8%. Following the development, stock exchanges have sought clarification from Vodafone Idea. A response is still awaited.
Bajaj Auto rose 2.86 pc. The auto major has announced a strategic step to gain majority control in KTM AG, the Austrian motorcycle manufacturer, through its wholly owned subsidiary, Bajaj Auto International Holdings BV (BAIHBV).
IndusInd Bank added 1.41 pc. The bank reported a standalone net loss of Rs 2,235.99 crore in Q4 FY25 as against a net profit of Rs 2,346.84 crore posted in Q4 FY24. Total income declined 22.83% year on year to Rs 11,342.65 crore in the quarter ended 31 March 2025.
ITC rose 0.16 pc. The company’s standalone net profit spiked 289.65% to Rs 19,561.57 crore in Q4 FY25 as against Rs 5,020.20 crore posted in Q4 FY24. Revenue from operations (excluding excise duty) was at Rs 17,248.21 crore in the March quarter FY25, up 9.26% year on year.
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