Sensex Falls 583 Points; Bajaj Auto Gains 5% on Buyback News

Top gainers and losers, April 30: Hindalco, Tata Motors PV, HUL falls 3%, Bajaj Auto surges 5%; check list

The BSE Sensex declined sharply by 582.86 points, or 0.75%, closing at 76,913.50 on April 30. The NSE NIFTY50 also slipped 180.10 points, or 0.74%, ending the day at 23,997.55 as investor sentiment was shaken by the rupee hitting a record low.

Midcap and smallcap indices followed suit, with the NIFTY Midcap 100 falling 0.98% to 59,784.85 and the NIFTY Smallcap 100 dropping 0.48% to 18,007.15. The market will remain closed on May 1 in observance of Maharashtra Day.

Major Losers Drag Market Lower

Hindalco Industries led the declines among NIFTY50 stocks, falling 3.24%. Tata Motors PV shares dropped 2.92%, while Hindustan Unilever (HUL) and Eternal lost 2.82% and 2.81% respectively. Tata Steel also slipped 2.11%. Notably, HUL shares declined despite reporting a 21% rise in net profit to ₹2,994 crore for the quarter compared to ₹2,475 crore a year earlier.

Among midcaps, Waaree Energies plunged 10.65% despite a 71.44% jump in consolidated net profit to ₹1,061.1 crore for Q4 FY26. Other midcap laggards included National Aluminium Company (-8.76%), Adani Total Gas (-3.36%), Blue Star (-3.06%), and APL Apollo Tubes (-3.03%).

Bajaj Auto Leads Gains on Buyback Plans

Bajaj Auto was the top gainer on the NIFTY50, surging 5.19%. The company announced its board will consider a buyback proposal on May 6, coinciding with the release of its Q4 results and dividend recommendation. Other notable gainers included Sun Pharmaceutical Industries (1.79%), Infosys (1.29%), Bajaj Finance (1.04%), and Tech Mahindra (0.96%).

In the smallcap segment, Meesho shares jumped 12.35% after JP Morgan highlighted the company’s potential for strong net merchandise value growth and under-monetized advertising business. Syngene International (8.31%) and Inventurus Knowledge Solutions (5.92%) also posted solid gains.

Currency Impact and Market Outlook

The rupee’s new all-time low weighed heavily on market sentiment, pushing the Sensex to an intraday low of 76,258.86 and the NIFTY50 to 23,796.85. This currency weakness adds pressure on import-dependent sectors and influences foreign investment flows.

Investors should monitor upcoming corporate earnings and policy developments closely, as these will shape market direction in the near term. The market closure on May 1 provides a brief pause amid ongoing volatility.

Important Facts for Exams

• On April 30, BSE Sensex fell 582.86 points (0.75%) to 76,913.50.
• NIFTY50 declined 180.10 points (0.74%) to 23,997.55 on the same day.
• Hindalco Industries was the biggest loser, down 3.24%.
• Bajaj Auto gained 5.19%, announcing a buyback proposal to be discussed on May 6.
• Hindustan Unilever reported a 21% net profit increase but shares fell 2.82%.
• Rupee hit a record low, impacting investor sentiment and market performance.
• Market closed on May 1 for Maharashtra Day.
• Midcap and smallcap indices also declined, with Waaree Energies falling 10.65% despite profit growth.
• Meesho shares surged 12.35% following positive analyst commentary.