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Broader markets, including Nifty MidCap and Nifty SmallCap indices, also trade lower
The Indian stock market is trading in the red on Friday, May 30, 2025, as investors turn cautious. Market participants await the last batch of corporate earnings for the March 2025 quarter and the GDP data for Q4FY25. Adding to the pressure is the fresh global tension arising from developments in US trade policy, especially around former President Donald Trump’s tariff decisions.
The BSE Sensex drops by 239 points, or 0.29%, to 81,394, while the Nifty50 slides 69 points, or 0.28%, to 24,765.
Key Highlights
Broad Market Trends:
Broader markets, including Nifty MidCap and Nifty SmallCap indices, also trade lower. Nifty MidCap slips by 0.2% and SmallCap by 0.25%, reflecting widespread investor caution.
Sectoral View:
All major sectoral indices are in the red. The worst performers are:
Nifty Metal Index: down 1.5%
Nifty IT Index: down 0.96%
Nifty Auto Index: down 0.96%
This shows a broad-based selloff across sectors.
Top Losers on Nifty and Sensex
Several blue-chip stocks face selling pressure today. Among the top laggards are:
Infosys
HCL Tech
Tech Mahindra
Tata Motors
IndusInd Bank
Bharti Airtel
Sun Pharma
Tata Steel
TCS
These stocks fall up to 2% as investors book profits or react to weak sector trends.
US Tariff Concerns: Global Risk Returns
Fresh trade tensions hit global investor sentiment. On Thursday, a US Appeals Court overturned a ruling that blocked Trump-era reciprocal tariffs.
Reports say the US government may ask the Supreme Court as early as Friday to stay the ruling. In addition, sources mention that a “Plan B” is being readied by the Trump administration to reimpose tariffs on several imports.
The return of tariffs risks reviving fears of global trade disruptions and higher input costs, especially in metal and auto-related industries. This impacts investor mood in Indian markets as well.
Stocks in the Spotlight
Bajaj Auto
Shares of Bajaj Auto decline nearly 2% after the company reports disappointing quarterly results.
Q4FY25 Net Profit: ₹1,802 crore (down 10.4% Y-o-Y)
Revenue: ₹12,204 crore (up 8% Y-o-Y)
Despite revenue growth, the fall in profits weighs on the stock.
Ola Electric Mobility
Shares of Ola Electric fell sharply by over 5%. The EV maker posts weak results for the March 2025 quarter.
Q4FY25 Net Loss: ₹870 crore (widened from the previous year)
Revenue: ₹611 crore (down 59.5% Y-o-Y)
The poor performance raises concerns about profitability and growth in the electric mobility sector.
Suzlon Energy
In contrast, Suzlon Energy shines on the bourses. Its shares jump 11% on strong quarterly earnings.
Q4FY25 Net Profit: ₹1,180.98 crore (multi-fold jump)
Revenue: ₹3,773.54 crore (up 73% Y-o-Y)
This performance boosts investor confidence in renewable energy stocks, even in an otherwise weak market.
Macroeconomic Watch
All eyes are now on India’s Q4FY25 GDP data, expected to be released soon. This data is key to understanding the pace of economic growth and may influence interest rate decisions in the upcoming Reserve Bank of India (RBI) policy meeting.
Additionally, the final set of corporate earnings from the March quarter is likely to shape near-term market trends. So far, results have been mixed, with several sectors underperforming.
Global Market Cues
Global equities are under pressure too. US markets closed mixed on Thursday, and Asian markets show weakness today amid trade worries.
The renewed uncertainty around US-China trade relations, tariff threats, and geopolitical tensions casts a shadow on risk assets globally.
Investor Sentiment
Traders and investors are cautious. Volumes are slightly lower than average, and most are waiting for clearer signals from macroeconomic and geopolitical developments.
There’s also a sense of consolidation in the market after recent highs. With the Sensex and Nifty nearing record levels earlier this month, some profit-booking is expected.
Market Outlook
Analysts expect the Indian stock market to remain range-bound in the near term. Key factors to watch include:
India’s GDP numbers
RBI's stance on inflation and rates
US policy developments on tariffs
Crude oil prices
Global cues from the US and China
Short-term volatility is likely to persist. Investors are advised to be selective and focus on sectors with strong earnings visibility and stable global exposure.
Today’s decline in the Indian stock market reflects global uncertainties and domestic caution. The combination of weak sectoral trends, poor earnings from some companies, and fears of a return to protectionist trade policies has created a drag on investor confidence.
As the market digests key data in the coming days, direction will depend on how macroeconomic numbers and international developments play out. For now, traders are moving cautiously, waiting for more clarity.