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Tech Mahindra, TCS, Maruti Suzuki, and Sun Pharma gain as broader markets falter amid geopolitical tensions.
Shares of Tech Mahindra Ltd., Tata Consultancy Services Ltd. (TCS), Maruti Suzuki India Ltd., and Sun Pharmaceutical Industries Ltd. were the only gainers in Friday’s session, as broader markets came under pressure from renewed geopolitical tensions.
On the flip side, HDFC Bank Ltd., IndusInd Bank Ltd., State Bank of India (SBI), ITC Ltd., and Adani Ports and Special Economic Zone Ltd. led the laggards.
Benchmark indices extended their losing streak for the second straight session on Friday, rattled by a spike in crude oil prices following Israel’s military strikes on Iran, which escalated geopolitical tensions in the Middle East. The BSE Sensex tumbled 573.38 points or 0.70 per cent to 81,118.60, while the NSE Nifty 50 lost 169.60 points or 0.68 per cent to 24,718.60.
Tech Mahindra held firm, rising 1.02 per cent to ₹1,660.50 on resilient demand for IT stocks amid market uncertainty.
TCS added 0.38 per cent to ₹3,447.10, while Maruti Suzuki edged up 0.16 per cent to ₹12,401.55.
Sun Pharma ended marginally higher at ₹1,688.70, up 0.10 per cent.
Adani Ports was the steepest loser, dropping 2.71 per cent to ₹1,405.25 amid fears of higher logistics costs from rising crude.
ITC fell 1.67 per cent to ₹413.90, while SBI declined 1.64 per cent to ₹792.40.
IndusInd Bank slipped 1.59 per cent to ₹816.55, and HDFC Bank was down 1.15 per cent at ₹1,919.60.
Although India’s May CPI inflation reading came in below the RBI’s comfort zone, offering some relief, the overall sentiment remained fragile as crude’s rally stirred fresh inflation and interest rate fears.
Published on June 13, 2025
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