Markets rebound in early trade tracking firm global trends
Equity Benchmark indices Sensex and Nifty rebounded in early trade on Tuesday (May 20, 2025) after two days of decline amid firm trends in global markets and buying in IT stocks.
The 30-share BSE benchmark gauge Sensex climbed 191 points to 82,250.42 in early trade after a positive beginning. The NSE Nifty went up by 64.9 points to 25,010.35.
From the Sensex firms, Tata Steel, Infosys, Tech Mahindra, ITC, Tata Consultancy Services, Axis Bank, IndusInd Bank and Asian Paints were among the biggest gainers. Power Grid, HDFC Bank, Bajaj Finance, Reliance Industries, Titan and Nestle were among the laggards.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index, Shanghai's SSE Composite index and Hong Kong's Hang Seng were trading in the positive territory. U.S. markets ended higher on Monday (May 19, 2025).
Global oil benchmark Brent crude dipped 0.06% to $65.50 a barrel.
"In the near-term the market is likely to move to a consolidation phase. The high valuations will put a cap on the upside with institutional selling emerging on upside. This was evident from the institutional activity on Monday, when both FIIs and DIIs [Domestic Institutional Investors] emerged sellers, though marginally," V.K. Vijayakumar, chief investment strategist at Geojit Investments, said.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹525.95 crore on Monday (May 19, 2025), according to exchange data.
On Monday (May 19, 2025), the 30-share BSE barometer Sensex declined 271.17 points or 0.33% to settle at 82,059.42. The Nifty dipped 74.35 points or 0.30% to 24,945.45.
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