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Paytm Narrows Losses, Ather Drops on Debut, YES Bank Soars on SMBC Interest
Paytm Narrows Losses, Ather Drops on Debut, YES Bank Soars on SMBC Interest
Written by - Fisdom Research
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May 6, 2025
2 minutes
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Market Snapshot
Indian benchmark indices failed to sustain early gains and traded lower throughout the session on May 6, with the Nifty closing below the 24,400 marks.
Selling pressure was broad-based across sectors, with the exception of auto stocks, which managed to end in the green.
The Nifty PSU Bank index was the worst performer, dropping nearly 5%, followed by the Realty index, which declined 3.5%.
Other sectoral indices, including Pharma, Consumer Durables, Media, Oil & Gas, and Power, fell between 1% and 2.6%.
Weak global cues also weighed on sentiment; the S&P 500 snapped its longest winning streak in 20 years overnight, as investors digested fresh tariff announcements by U.S. President Donald Trump.
Caution prevailed ahead of the upcoming U.S. Federal Reserve monetary policy decision later this week.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY AUTO
0.2
NIFTY PRIVATE BANK
-0.7
NIFTY FMCG
-0.1
NIFTY METAL
-0.9
NIFTY IT
-0.3
NIFTY PHARMA
-1.1
NIFTY HEALTHCARE INDEX
-0.6
NIFTY MEDIA
-1.5
Top News
Paytm reported a narrower net loss of ₹540 crore in Q4 FY25, though revenue declined 16% YoY, and losses widened sharply from the previous quarter.
Ather Energy shares fell over 6% on debut after a subdued listing, despite decent IPO subscription levels.
YES Bank shares surged intraday on reports of renewed interest from Japan’s SMBC for a controlling stake but gave up most gains by the close.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
HEROMOTOCO
2.5
ADANIENT
-4.3
BHARTIARTL
1.6
JIOFIN
-3.7
HINDUNILVR
1.4
ETERNAL
-3.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,200
24,500
Bank Nifty
53,500
55,500
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