Mumbai, May 19: The Indian stock market ended in the red on Tuesday, losing its initial gains due to mixed signals from global markets amid ongoing conflicts in West Asia.
During the trading session, the benchmark indices experienced significant declines, with the BSE Sensex dropping over 500 points from its peak and the NSE Nifty 50 falling more than 160 points from its high.
At market close, the 30-share Sensex was down by 114.19 points, or 0.15 percent, settling at 75,200.85. Meanwhile, the Nifty slipped by 31.95 points, or 0.14 percent, to close at 23,618.
In contrast, broader markets outperformed the major benchmarks. The Nifty Smallcap Index rose by 1.17 percent, while the Nifty Midcap Index saw an increase of 0.91 percent.
Sector-wise, the Nifty Private Bank Index faced the most significant decline, with poor performances from the Nifty Bank and Nifty Financial Services. However, the Nifty IT sector stood out with a notable increase of 3.23 percent. Other sectors like Nifty Realty (up 1.43 percent), Nifty Media (up 1.18 percent), Nifty Chemicals, and Nifty Auto also performed well.
Among the Nifty 50 stocks, Infosys, HCL Technologies, Tech Mahindra, TCS, and Wipro recorded the most substantial gains. Conversely, Kotak Bank, Titan, Ultratech Cement, Tata Consumer, and Bharti Airtel saw the most significant declines.
The total market capitalization of companies listed on the BSE increased from ₹458 lakh crore to ₹459 lakh crore, resulting in a gain of over ₹1 lakh crore for investors during this session.
A market expert noted, “Initially, there was enthusiasm in the market following news of the U.S. temporarily halting military action against Iran. However, the market later turned red. IT stocks were an exception, showing strong gains due to the ongoing weakness of the rupee and attractive valuations.”
The expert added that while the fourth-quarter results still reflect the strength of the domestic economy, the market’s focus is rapidly shifting towards rising inflation pressures. There are growing concerns about reduced earnings estimates for companies in the first quarter of the fiscal year 2026-27, primarily due to higher-than-expected wholesale inflation rates, the gradual impact of rising fuel prices, and persistently high bond yields.
My name is Bhupendra Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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