Synopsis : Indian markets cooled off after Monday’s sharp rally, with the Sensex falling over 900 points and the Nifty slipping below 24,700. Despite the broader decline, midcaps stood resilient, and the rupee strengthened on the back of Indo-Pak ceasefire momentum.
Markets Pull Back After Monday's Rally; Midcaps Stay Strong
After starting the week with a powerful surge, Indian equity markets took a breather on Tuesday as investors booked profits and awaited fresh cues from Q4 earnings. The BSE Sensex plunged over 900 points, trading near the 81,500 mark, while the Nifty 50 dipped more than 200 points, hovering close to 24,700.
Interestingly, midcap stocks broke ranks, continuing to show resilience and outperforming their large-cap counterparts. The Nifty Midcap 100 index gained in early trade, reflecting selective investor appetite despite the overall market decline.
Market Snapshot (May 13, 2025):
Sensex: ↓ 900+ points to 81,500
Nifty 50: ↓ 1% to below 24,700
Bank Nifty: Flat at 55,375
Midcap Index: ↑ 73 points at 55,489
Analyst Insight:
"After the 3.8% jump in Nifty yesterday on easing geopolitical tension, markets are now digesting gains. The benchmark is holding above its 200-day moving average, and key support lies between 24,650–24,700," said Akshay Chinchalkar, Head of Research at Axis Securities.
Top Performers:
Sun Pharma
Dr. Reddy’s Laboratories
IndusInd Bank
Bharat Electronics
Hero MotoCorp
Under Pressure:
Infosys
Wipro
Hindalco
Zomato
Tata Steel
Rupee Rises on Geopolitical Relief
The Indian rupee appreciated 49 paise, settling at 85.89 against the USD, aided by the India-Pakistan ceasefire and falling dollar index. The Dollar Index was last down 0.23% at 101.56.
Global Market Pulse:
Japan (Nikkei 225): Up
China (Shanghai Composite): Up
Taiwan (Weighted Index): Up
US Dow Futures: Down 0.25%
🧾 All Eyes on Q4 Earnings Today:
Heavyweights like Tata Motors, Hero MotoCorp, Bharti Airtel, Siemens, Bharti Hexacom, Cipla, GAIL India, and VIP Industries are set to announce their Q4 results, which may drive sentiment in the next trading session.
Disclaimer : This article is for informational purposes only and should not be considered financial or investment advice. Market conditions can change rapidly, and readers are encouraged to consult a certified financial advisor before making any investment decisions.
