Indian equity benchmarks began the week with mild declines, reflecting caution among investors after last week’s strong momentum. While frontline indices ended lower, strength in select mid- and small-cap stocks, especially within infrastructure-linked sectors, provided some balance.

Benchmark Snapshot

Nifty 50 closed at 24,945.45, down 0.30% Sensex fell by 0.33% to end at 82,059 Bank Nifty defied broader trends, gaining 0.12% to close at 55,420

Despite today’s dip, the Nifty remains up 2.5% for May, supported by overall market resilience and corporate earnings optimism.

Sectoral & Stock Highlights

The spotlight was on the Information Technology sector, which came under pressure, shedding 1.3%. This pullback follows a recent Moody’s downgrade of the U.S. sovereign credit rating from AAA to Aa1, which weighed heavily on IT stocks due to their exposure to U.S. markets. Infosys and TCS were among the top draggers, while Mphasis led sectoral losses.

In contrast, Divi’s Laboratories surged over 6% after delivering a strong Q4 performance, boosting sentiment in the pharma space. Bajaj Auto and Bajaj Finance also provided upward momentum.

Top Volume Gainers (NSE)

Praxis Home Retail Ltd: Volume spiked 23.4x (1-week avg) to over 2.1 crore shares. Price rose 4.96% to ₹11.63. Kaya Ltd: Volume surged 12.85x, price jumped 18.03% to ₹336.75. Foods & Inns Ltd: Volume increased 11.33x, price rallied 17.68% to ₹110.00.

These counters saw unusually high trading activity, driven by momentum and renewed investor interest.

Market Breadth & Internals

Advancing stocks: 1,842

Declining stocks: 1,074

Unchanged: 89

52-week highs: 67

52-week lows: 19

Stocks in upper circuit: 175

Stocks in lower circuit: 54

Broader indices once again outperformed the large-cap space. The Nifty Midcap 100 inched up 0.08%, while the Smallcap 100 gained 0.51%. A total of 10 out of 17 sectoral indices ended in the green.

Global Economic Calendar | May 20–22, 2025

Tuesday, May 20

Eurozone: Construction Output (March) Australia: RBA Meeting Minutes U.S.: Existing Home Sales (April)

Wednesday, May 21

U.K.: CPI and Core Inflation (YoY, April) Canada: Retail Sales (March)

Thursday, May 22

Japan: National Core CPI (YoY, April) Eurozone: ECB Monetary Policy Meeting Minutes U.S.: Jobless Claims, Manufacturing PMI (May)

Investors will closely monitor U.S. housing and employment data and European inflation prints for further cues on interest rate outlooks and global risk appetite.

Stay Ahead with Insights

The market appears to be consolidating gains after a sharp rally. Sectoral rotations and global cues continue to shape investor sentiment. To understand key levels, chart patterns, and short-term outlook, watch our exclusive market analysis video on our [YouTube Channel].

Angeeras Securities – Insightful. Strategic. Committed.

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