SOURCE : NEW18 NEWS
Last Updated:May 19, 2025, 15:44 IST
Sensex Today: The BSE Sensex and the NSE Nifty50 started on a quiet note today amid marginally weak global market mood
Zerodha Kite Revamps Its Marketwatch Feature.
Sensex Today: Benchmark indices BSE Sensex and NSE Nifty50 ended Monday’s session in the red, pressured by profit booking at higher levels and losses in heavyweight technology and energy stocks.
The BSE Sensex closed 271.17 points, or 0.33 per cent, lower at 82,059.42. Key drags included Larsen & Toubro, which declined 3 per cent, followed by Infosys (down 1.95 per cent), Tata Consultancy Services (down 1.20 per cent), Tech Mahindra (down 1.19 per cent), and Asian Paints (down 0.98 per cent).
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Despite the broader weakness, nine out of the 30 Sensex components managed to advance. Power Grid Corporation led the gainers, rising 1.27 per cent, while Bajaj Finance added 0.91 per cent. NTPC gained 0.64 per cent, followed by State Bank of India (up 0.32 per cent) and HDFC Bank (up 0.17 per cent).
The NSE Nifty50 also slipped, ending 74.95 points or 0.30 per cent lower at 24,944.85.
However, the broader markets displayed resilience. The Nifty Midcap and Smallcap indices held firm, suggesting selective buying interest despite the overall market weakness.
Global Cues
In the global landscape, Asia-Pacific markets were largely in the red as investors assessed fresh economic data and responded to Moody’s decision to cut the US credit rating by one notch from Aaa to Aa1. The rating agency cited concerns over the growing fiscal deficit and the increasing burden of debt refinancing amid sustained high interest rates. In China, economic data was somewhat positive, with retail sales rising 5.1% year-on-year in April and industrial production expanding 6.1%. However, the unemployment rate remained at 5.1%, indicating a still-fragile recovery.
Despite the data, major indices across Asia declined. Japan’s Nikkei 225 slipped 0.45%, while the broader Topix index was flat with a negative bias. South Korea’s Kospi dropped 0.47%, and Australia’s ASX 200 was down 0.37%. The global risk-off mood was further reinforced by concerns over inflation and monetary policy outlooks.
On Wall Street, however, markets ended Friday on a stronger footing. The S&P 500 gained 0.70% to close at 5,958.38, registering its fifth straight day of gains. The Nasdaq Composite rose 0.52% to 19,211.10, while the Dow Jones Industrial Average advanced 331.99 points, or 0.78%, to end at 42,654.74, turning positive for the year. Investors largely shrugged off weaker-than-expected US consumer sentiment data and inflation concerns.
- First Published:
May 19, 2025, 09:11 IST
