Indian stock markets wrapped up the week on a subdued note, closing lower on Friday as investors grappled with renewed global trade tensions and disappointing performances from major IT stocks. The BSE Sensex slipped by 182.01 points (0.22%) to close at 81,451.01, while the NSE Nifty declined 82.90 points (0.33%) to settle at 24,750.70. The session was marked by cautious trading, with the indices oscillating in a narrow range before ending in the red.
IT and Metal Stocks Lead Declines
The market’s weakness was largely attributed to a sell-off in IT shares, which have been under pressure due to global uncertainty and concerns over US-China trade relations. Tech Mahindra led the losses among Sensex constituents, dropping 1.73%. Other notable laggards included HCL Tech, Infosys, Asian Paints, NTPC, Nestle, Sun Pharma, and Tata Steel. Out of the 30 Sensex stocks, 24 ended lower, reflecting a broad-based decline.
Global Cues: Trade Tensions Resurface
Global markets provided little support, with Asian shares trending lower after a US appeals court temporarily reinstated reciprocal tariffs. This move reignited fears of a prolonged trade war between the world’s two largest economies, prompting investors to adopt a risk-off approach. The resulting uncertainty weighed on Indian equities, particularly sectors with significant global exposure.
Economic Data: GDP Growth Offers Some Relief
Despite the negative sentiment, India’s economic fundamentals remained strong, with the country’s real GDP growing by 7.4% in the fourth quarter of FY25. This robust growth rate, slightly above central bank projections, offered some reassurance to investors about the resilience of the domestic economy.
Q4 Earnings: Mixed Bag for Key Companies
The focus now shifts to corporate earnings, with several prominent companies announcing their Q4 results:
Swan Energy
Swan Energy reported a net loss of ₹22.34 crore in the March quarter, reversing a profit of ₹55.58 crore a year ago. Revenue also declined sharply to ₹882 crore from ₹1,407 crore. However, on a full-year basis, the company posted a 49% jump in profit after tax to ₹874 crore, with total income rising 35% to ₹6,884 crore.
Puravankara
Real estate firm Puravankara posted a net loss of ₹88 crore in Q4 FY25, compared to a loss of ₹6.7 crore in the same period last year. Revenue from operations dropped 41% to ₹541.6 crore, while EBITDA fell 73% to ₹30.5 crore, reflecting a challenging quarter for the company.
EaseMyTrip
The online travel platform saw its net profit tumble by over 59% quarter-on-quarter, with revenue from operations declining by 7.33% to ₹139 crore. The results highlight ongoing challenges in the travel sector and increased competition.
Senco Gold
Senco Gold delivered a strong performance, with consolidated net profit surging 94% year-on-year to ₹62.44 crore. Revenue from operations grew to ₹1,377.71 crore, up from ₹1,137.28 crore, driven by robust demand for gold jewelry.
Som Distilleries
Som Distilleries & Breweries reported an 18.8% rise in consolidated net profit to ₹23.73 crore, supported by volume growth and better realization from its IMFL business.
Apollo Hospitals
Apollo Hospitals posted a 54% year-on-year increase in consolidated profit after tax to ₹390 crore, boosted by strong sales and operational efficiencies.
Nykaa (FSN E-Commerce Ventures)
Nykaa reported a more than threefold increase in consolidated net profit to ₹20.28 crore, with revenue rising 23.6% to ₹2,061.76 crore. The company’s performance was driven by higher demand in the beauty and fashion segments.
Inox Wind
Inox Wind’s net profit jumped more than fivefold to ₹190.34 crore, with revenue more than doubling to ₹1,310.65 crore. The company’s strong performance was attributed to increased order execution and improved operational efficiency.
Results to Watch
Investors are also awaiting results from Manoj Jewellers, Panorama Studios International, Retro Green Revolution Ltd, and Vasudhagama Enterprises Limited, which are scheduled to announce their Q4 numbers today.
Market Outlook: Cautious Start to June
As the new trading week begins, markets are expected to remain cautious, with global trade tensions and domestic earnings likely to dictate sentiment. While strong GDP growth provides some comfort, external headwinds and sector-specific challenges, especially in IT and metals, could keep the indices in a narrow range.
With the June derivatives series underway, market participants will closely watch global developments, institutional flows, and upcoming policy signals for direction. The focus will remain on corporate earnings and macroeconomic data as investors look for cues on the next phase of market movement.
 to close at 81,451.01, while the NSE Nifty declined 82.90 points (0.33%) to settle at 24,750.70.){kind=link}