After scaling fresh seven-month highs, Indian equity markets paused for breath on Friday. Profit-taking in heavyweight counters and selective sectoral pressure led benchmark indices to close marginally lower, even as broader market strength continued to reflect underlying bullish sentiment.

The Nifty 50 slipped 0.17% to end at 25,020, while the Sensex declined 0.24%, settling just under 82,300. The Bank Nifty closed flat at 55,355, showing resilience despite mixed cues. Nevertheless, the weekly performance remained robust, with the Nifty posting a 4.21% gain, marking one of its best weekly showings in recent months.

Market Highlights

Profit Booking Emerges: Following a strong multi-day rally, frontline IT and financial names witnessed mild selling pressure. IT Cools Off: After rising more than 7% over four sessions, the Nifty IT index fell 0.84%, reflecting moderation in global optimism. Financials Dip Slightly: The Nifty Financial Services index edged lower by 0.03%, ending a volatile week with marginal losses. Broader Markets Outperform: The Midcap 100 index gained 0.94%, while Smallcap 100 jumped 1.86%, supported by upbeat earnings and sector-specific interest, especially in defence-linked stocks.

Stock-in-Focus: Today’s Top Volume Gainers (NSE)

1. JSW Infrastructure Ltd

Volume surged 36.09x (1-week avg) Price: ₹289.20 (down 2.64%)

2. Beardsell Ltd

Volume increased 27.59x (1-week avg) Price: ₹31.65 (up 11.48%)

3. Bharti Airtel Ltd

Volume jumped 14.13x (1-week avg) Price: ₹1,813.50 (down 2.88%) — The drop followed a block deal by Singapore Telecommunications, which sold 1.2% stake at a discount, raising $1.54 billion.

Contributors to Nifty Movement

Top Gainers by Index Points:

ITC: +7.24 pts ICICI Bank: +6.34 pts HUL: +6.03 pts

Top Drags:

Bharti Airtel: -34.86 pts Infosys: -22.93 pts SBI: -16.28 pts

Market Breadth & Statistics

Advances: 1,969 Declines: 911 Unchanged: 91 52-Week Highs: 57 52-Week Lows: 8 Upper Circuit: 175 Lower Circuit: 33

Despite the dip in headline indices, the market breadth remained strong for the fifth straight session—reflecting broader investor conviction and selective accumulation.

Global Economic Calendar | May 17–20, 2025

Friday, May 17

Eurozone: Final CPI (YoY, April) U.S.: University of Michigan Consumer Sentiment (Prelim)

Saturday, May 18

Japan: Trade Balance – April India: Weekly Foreign Exchange Reserves

Monday, May 20

China: Loan Prime Rate decision Germany: Producer Price Index (April) U.S.: Chicago Fed National Activity Index (April)

Final Takeaway

Markets concluded the week on a consolidative note after a powerful rally, yet sentiment remains firm. While index-level gains cooled, rotational interest in broader segments points to healthy market internals. Indicators continue to suggest underlying strength.

To know the key levels to watch and what to expect next— watch our full market breakdown on [YouTube – Daily Market Update: May 16, 2025].

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