Indian equities ended Thursday’s session in the red, as global macroeconomic pressures overshadowed domestic developments. The Nifty 50 slipped 0.82%, closing just above the 24,600 level, while the Sensex dropped 0.79%, falling below the 81,000 mark.

Rising U.S. and Japanese bond yields weighed heavily on investor sentiment, sparking broad-based selling, especially in information technology and consumer goods stocks.

Stocks in the News

IndusInd Bank: Suspected ₹173 crore fraud in microfinance portfolio under internal investigation; stock sees volatility.

Infosys: Announces partnership with LogicMonitor to enhance AI-driven observability for IT infrastructure.

Ireda: Files ₹729 crore recovery claim against Gensol Engineering with the Debt Recovery Tribunal.

Mastek: Appoints Raghavendra Jha as CFO.

KEI Industries: Buys industrial land worth ₹93.58 crore in Rajasthan for future expansion.

Hindustan Zinc: Receives LoI from Andhra Pradesh govt for Tungsten block.

Indian Hotels: Signs MoU with Tripura govt to set up hotel in Agartala, expanding Northeast footprint.

Capital India Finance: Gets RBI nod for control change in Capital India Home Loans.

Garden Reach Shipbuilders: Bangladesh government cancels $21 million tug order placed in July 2024.

Sectoral Performance

IT Sector: Nifty IT fell 1.31% due to global bond yield worries and U.S. fiscal uncertainty.

FMCG Sector: Nifty FMCG declined 1.44%, breaching key technical support; Colgate-Palmolive (India) dropped nearly 6%.

Power: Power Grid Corp fell 1.77% following conservative dividend guidance and capex plans.

Media: Only sector closing in green.

Notable Stock Movements

Top Contributors to Nifty 50:

Bharti Airtel: +5.83 points

IndusInd Bank: +2.66 points

Bajaj Auto: +1.62 points

Major Drags on the Index:

Mahindra & Mahindra: -21.89 points

Infosys: -20.83 points

Reliance Industries: -18.51 points

Market Breadth & Internals

NSE Advance/Decline Ratio:

Advances: 1,275

Declines: 1,582

Unchanged: 92

52-Week Highs: 45

52-Week Lows: 17

Upper Circuit Stocks: 84

Lower Circuit Stocks: 53

Broad Market Indices:

Nifty Midcap 100: -0.52%

Nifty Smallcap 100: -0.26%

Global Economic Calendar – May 23, 2025

Friday, May 23

India: Weekly Foreign Exchange Reserves Germany: Final GDP (Q1) U.S.: Durable Goods Orders (April) Michigan Consumer Sentiment Index (May, Final)

Closing Note

Investor sentiment remained cautious as rising global yields and muted earnings commentary led to a shift away from risk assets. Weakness in heavyweight IT and FMCG stocks pulled the indices lower, despite selective buying in telecom and auto names.

For detailed technical insights and chart analysis, watch our YouTube Market Update.

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