Get App
POST MARKET
Indian equity indices tumbled on May 19, tracking weak global cues, a selloff in IT shares, and rising market volatility following Moody’s downgrade of the US sovereign credit rating, even as bthe roader market gauge outperformed to end in the green.
At close, Sensex was 270 points lower at 82,059, while the Nifty ended 74 points down at 24,945. On the BSE, 2,524 stocks advanced, 1,571 declined, and 178 remained unchanged.
Bajaj Auto, Shriram Finance, Power Grid Corp, Hero Motocorp, and Bajaj Finance were among major gainers on the Nifty, while losers were Eternal, Grasim, Infosys, Tata Consumer Products, and TCS.
Among the sectors, Nifty IT was the worst performer, down 1.4 percent, followed by FMCG and Oil & Gas, which fell 0.3 percent each, whereas Nifty Realty was the top performer, up 2.2 percent, followed by PSU Bank and Pharma, which gained 1.5 percent and 0.5 percent respectively
The broader market also witnessed a mixed performance, as the small-cap index gained over half a percent, while the mid-cap index ended flat.
STOCKS TODAY
Delhivery
Shares of Delhivery surged more than 9 percent in intra-day trade on Monday, May 19, after the company reported a turnaround in its March quarter (Q4FY25) earnings, with a positive net profit following a string of losses in previous periods. Strong operational efficiency and improving profitability across its core business segments drove the gains.
Graphite India
shares surged over 15 percent to close at Rs 560 apiece. This comes after Japan’s Resonac Holdings said it will quit production in China and Malaysia due to margin pressure. Resonac is a major producer of graphite electrodes, which are used mainly in electric arc furnaces to melt scrap iron.
Resonac will liquidate its subsidiaries in China and Malaysia, leaving it with four sites in Japan, the US, Austria, and Spain, reported Nikkei. The report added that the shutdown in China and Malaysia can impact up to one-third of Resonac’s capacity.
Protean eGov Technologies
Shares of E-governance solutions provider Protean eGov Technologies crashed 20 percent to hit the lower circuit limit of Rs 1,143 on BSE after the company was not selected by the Income Tax Department (ITD) for its technology revamp project. The project includes the design, development, implementation, operations, and maintenance of PAN systems.
Hyundai Motor India
Auto player Hyundai Motor India closed 2 percent higher at Rs 1,893 apiece. This comes after the auto player reported a net profit of Rs 1,614 crore for the fourth quarter of the financial year 2025, marking a fall of nearly 4 percent from the Rs 1,677 crore net profit reported in Q4 FY24. The firm’s revenue from operations, meanwhile, rose 1.5 percent YoY to Rs 17,940 crore during the quarter under review.
Vodafone Idea
Shares of the company fell over 12 percent intraday to Rs 6.47. This comes after the Supreme Court dismissed the pleas of telecom majors Vodafone Idea, Airtel, and Tata Teleservices seeking the waiver of adjusted gross revenue (AGR) dues. A bench comprising Justices J B Pardiwala and R Mahadevan called the pleas “misconceived”. Vodafone Idea has again filed a new petition to the Supreme Court for relief on AGR dues up to Rs 45 thousand crores.
Source – Money Control
Disclaimer: Investments in the Securities market and Mutual Funds are subject to market risks. Read all the related documents carefully before investing | The securities are quoted as an example and not as a recommendation | Brokerage will not exceed the SEBI-prescribed limit | Margins will be collected as per the exchange norms.