Synopsis : Indian markets opened higher but soon reversed course as banks weighed on the indices. While Sensex dropped over 190 points, midcap stocks held firm, offering some relief amid profit booking.
Market Wrap – May 20, 2025
After a briefly upbeat start, the Indian equity markets slid into the red by mid-session on Tuesday. The Nifty 50 dipped 50 points to 24,895, while the BSE Sensex fell 190 points, hovering near 81,872. The banking sector underperformed, but strength in midcaps and metals kept the overall market sentiment from worsening drastically.
Markets initially mirrored positive global cues, but profit booking at higher levels led to a pullback across frontline indices.
Sector Snapshot:
Top Nifty Gainers:
Tata Steel, Hindalco, Infosys, JSW Steel, Tech Mahindra
Opening Movers:
Reliance Industries, ICICI Bank, ITC, BEL
Top Losers:
Shriram Finance, Power Grid Corp, Bajaj Auto, Cipla, HDFC Bank
Banking names like HDFC Bank and Shriram Finance led the downside, while metal stocks and IT counters provided a silver lining.
Midcaps Stay Strong:
The Nifty Midcap 100 rose 310 points (0.54%) to 57,415.75, showing strength despite weakness in large caps. This reflects underlying investor confidence in broader market opportunities.
Global Market Mood:
Japan’s Nikkei 225: +0.65%
Kospi, Shanghai Composite: Trading higher
US Futures: In green despite Moody’s downgrade
Ajay Bagga remarked on the waning influence of credit agencies post-GFC, suggesting investor optimism remains intact globally.
Analyst Insights:
“Though upside momentum may slow, over 63% of Nifty 500 stocks trading above VWAP indicates bulls still have a foothold,” said Anand James of Geojit.
Upside on the Nifty may be capped around 25,192–25,235.
Q4 Earnings Today:
Key companies announcing results include:
Hindalco Industries
Zydus Lifesciences
Dixon Technologies
Gland Pharma
Max Healthcare
Torrent Pharmaceuticals
Whirlpool India, among others
Investors are watching closely for growth guidance and margin commentary.
Disclaimer : This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Always consult a certified financial advisor before investing.
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