Market Update: Sensex and Nifty Dip Amid Profit-Taking in IT Stocks

In today's market update, the benchmark indices Sensex and Nifty faced declines due to profit-taking, particularly in IT stocks and Bharti Airtel. The Sensex fell by 200.15 points, while the Nifty dropped by 42.30 points. Despite this, several stocks showed gains, indicating cautious optimism among investors. Global market trends and foreign investments also played a role in shaping today's trading session. Read on for a detailed analysis of the market's performance and key insights.

By Narendra Chaudhary May 16, 2025, 16:25 IST

Stock Market Overview

Mumbai: On Friday, the key stock indices, Sensex and Nifty, experienced a decline as investors engaged in profit-taking, particularly in IT shares and Bharti Airtel, following a significant rally in the previous trading session.

The BSE Sensex fell by 200.15 points, or 0.24%, closing at 82,330.59. At its lowest point during the day, it had dropped by 383.79 points, reaching 82,146.95.

The NSE Nifty also saw a decrease, dropping 42.30 points, or 0.17%, to settle at 25,019.80.

Bharti Airtel's shares decreased by 2.81% after Singtel divested approximately 1.2% of its stake in the company for around USD 1.5 billion, aligning with its strategy to optimize its asset portfolio and enhance shareholder returns.

Other notable losers in the Sensex included HCL Tech, State Bank of India, Infosys, Tech Mahindra, Tata Consultancy Services, Bajaj Finserv, Larsen & Toubro, Mahindra & Mahindra, and Titan.

Conversely, stocks such as Eternal, Hindustan Unilever, Asian Paints, ITC, Tata Motors, and NTPC saw gains.

In the Asian markets, Japan's Nikkei 225, Shanghai's SSE Composite, and Hong Kong's Hang Seng indices all closed lower, while South Korea's Kospi managed to finish in positive territory.

European markets were showing gains, and US markets had a mostly positive close on Thursday.

"The markets remained in negative territory throughout the session, primarily due to selective profit-taking in IT, banking, and metal sectors," stated Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd. "However, the performance of mid and small-cap indices, along with most sectoral stocks ending positively, indicates cautious optimism among investors despite global uncertainties."

The global oil benchmark, Brent crude, saw a slight increase of 0.09%, reaching USD 64.59 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) purchased equities worth Rs 5,392.94 crore on Thursday.

Earlier, the Sensex had surged by 1,200.18 points, or 1.48%, to reach a seven-month high of 82,530.74, while the Nifty climbed 395.20 points, or 1.60%, to hit a peak of 25,062.10.