Nifty, Sensex Drop Over 1%; CPI Inflation Dips to 3.16%, Lowest Since July 2019; Hero MotoCorp Q4 Results Annouced
The BSE Sensex ended the session down by 1.55%, settling at 81,148.22, while the Nifty 50 declined 1.39% to close at 24,578.35. The drop was attributed to profit-taking and investor concerns about potential foreign capital shifting to China following its recent trade agreement with the U.S.
The Bank Nifty index declined by 0.8%, closing below the 55,000 mark, retracing some of the gains from its previous session.
Meanwhile, key heavyweight stocks—HDFC Bank, ICICI Bank, and Reliance Industries—each fell more than 1%. This came after these heavyweight stocks had posted solid gains of 3.5% to 4.5% in Monday's rally.
Swiggy's stock continued its downward trend, touching a new low post-listing, likely due to the end of the lock-in period.
In contrast, the Pharma index moved up 1.55%. The executive order from U.S. President Donald Trump, aimed at cutting drug prices, turned out to be less stringent than initially expected.
India's headline retail inflation, measured by the All India Consumer Price Index (CPI), stood at 3.16% year-on-year in April 2025 (provisional), compared to 3.34% in March 2025. This marks a decline of 18 basis points on a monthly basis and represents the lowest CPI inflation print since July 2019.
Among the major Q4 earnings, one of the largest manufacturers of motorcycles and scooters - Hero Motocorp announced its results today.
Hero MotoCorp reported consolidated revenue of ₹9,970 crore, a 4% increase compared to the same quarter last year. The company achieved a consolidated Profit After Tax (PAT) of ₹1,169 crore, marking a 24% growth year-on-year. The quarter also saw total sales volume reach 13.81 lakh units of motorcycles and scooters.
Hero MotoCorp posted its highest-ever consolidated revenue at ₹40,923 crore for the full year, growing 8% over FY24. The consolidated PAT for FY25 stood at ₹4,376 crore, up 17% year-on-year. Full-year sales volume was 58.99 lakh units.
The Board of Directors recommended a final dividend of ₹65 per equity share.
The Nifty IT index fell by 2.4% after a strong 6.7% surge on Monday — its best single-day performance in about five years. Infosys tanked more than 3.5%, the most among the IT stocks, dragging the IT index down.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended in the green, with the Mid-cap and Small-cap 100 indices jumping by 0.19% and 0.81%, respectively, while 4 out of 17 major sectoral indices ended in the positive territory.
As of May 13, 2025, the Indian stock market witnessed positive market breadth. Out of 2,959 stocks traded on the NSE, 1,948 advanced, 937 declined, and 74 remained unchanged.
A total of 43 stocks touched their 52-week highs, while 10 hit their 52-week lows. Additionally, 199 stocks were locked in their upper circuits, whereas 31 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.
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