MUMBAI: After a low open, volatile trade was witnessed in the key Indian equity indices on Tuesday, May 20 2025. The early nascent euphoria of the positive global flows wobbled into a tepid-trading as both Nifty 50 & BSE Sensex wobbled near highs, giving up some earlier gains.
The Nifty 50 was trading near 24,888.6 or down by ~56 points off its previous close on a negative note and touching the peak in the chart early, at one point breaching this level. And the BSE Sensex was at 81868, down near or less by around 191 points (0.23%). Broader markets also did not help bear this subdued sentiment as the Nifty Midcap100 and Smallcap100 both were trading with tweaks.
On the NSE, the sectoral counters were mixed. Metal and IT stocks stood firm, while banking and auto stocks were in the beaten-down areas. Among the HL takers, there were also top detractors like HDFC Bank and Reliance Industries, who weighed on the Sensex, with the general market mop-up.
The US markets finished the day close to modestly higher, but global investor sentiment remained darkened by concerns of the US credit rating, dragged by Moody’s Credit downgrade. This had also weighed on emerging markets such as India.
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In addition, the ongoing earnings season is creating broader stock-specific movements — in places where a few revenue numbers from DLF were both stronger than expected and received some good for their recent rally, even the despised JK Paper declined more strongly following softer bottom-line results.
Market participants are watching the ongoing results season and the decision from the global indices.
