Indian equity benchmarks continued their downward trajectory on Tuesday, extending losses into a third consecutive session. Weighed down by weakness in banking and auto counters, the broader market sentiment remained cautious as participants assessed global developments and awaited clarity on India–U.S. trade relations.

Key Market Summary

Nifty 50 declined by 1.05%, closing at 24,684.50 Sensex dropped 1.06%, ending near 81,189 Bank Nifty fell 1.22%, closing at 54,741

The drag came primarily from financials and autos, even as modest gains in metals and select IT stocks helped limit the broader downside.

Stocks in the News

HCL Technologies: Appointed Kiran Cherukuri as Global Capability Center Practice Leader. Ashok Leyland: Board to consider bonus share issuance on May 23. Shyam Metalics: Entering wagon manufacturing with a new facility at Kharagpur; operational by March 2026. Waaree Energies: Acquired Kamath Transformers for ₹293 crore. Rail Vikas Nigam (RVNL): Emerged as lowest bidder for a ₹179 crore Ircon International order. Bajaj Auto: Confirmed subsidiary’s potential involvement in KTM AG’s restructuring. Acme Solar Holdings: Commissioned Phase II of its Bikaner project. JSW Infrastructure: Promoter sold 2% stake via open market. Mastek: Appointed Raghavendra Jha as Chief Financial Officer. Azad Engineering: Signed a 5-year supply agreement with Nuovo Pignone Sr.

Sectoral Overview

Nifty Auto was the worst performer, declining 2.2%, led by a sharp fall in Bajaj Auto, which slid over 2.5%. Nifty IT briefly recovered mid-session but ended lower, continuing pressure post Moody’s U.S. downgrade. Metal stocks gained modestly after China cut its benchmark lending rate, supporting global demand outlook. Pfizer rallied 11% on the back of strong Q4 earnings driven by a one-time property gain. DLF rose 6% following robust earnings amid sustained premium housing demand.

Market Breadth & Internals

Declining stocks: 1,974

Advancing stocks: 915

Unchanged: 82

52-week highs: 49

52-week lows: 18

Upper Circuit: 117 stocks

Lower Circuit: 55 stocks

Broader markets underperformed benchmarks:

Nifty Midcap 100 fell 1.62% Nifty Smallcap 100 declined 0.94% Majority of sectoral indices ended in the red

Global Economic Calendar | May 21–23, 2025

Wednesday, May 21

U.K.: Consumer Price Index (YoY, April) Canada: Retail Sales (March)

Thursday, May 22

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

Friday, May 23

Germany: GDP Growth (Q1 Final) India: Foreign Exchange Reserves

Investors will watch closely for signals on inflation, monetary policy outlooks, and economic momentum across key regions.

Conclusion

With the Nifty 50 logging its third straight loss, market sentiment appears to be consolidating amid global uncertainties and sector-specific weakness. Key index levels and actionable insights remain critical—watch our exclusive YouTube video for detailed technical analysis and strategic guidance.

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