Stock Market 19 May, 2025 – Indices Consolidate Amid Sectoral Churn, Banking Sector in Focus
The Indian stock market witnessed a subdued session on Monday, May 19, 2025, as benchmark indices paused after a recent rally. The Nifty50 closed at 24,945.45, down 74 points (-0.30%), while the Sensex slipped 271 points (-0.33%) to settle at 82,059.42. Mixed sectoral trends and cautious global cues kept traders on the sidelines, with broader markets showing resilience despite the muted headline performance.
Sectoral Performance: Realty Shines, IT Drags
Sectoral indices painted a divergent picture. The Nifty Realty index surged 2.26%, led by sustained buying in property stocks, while Nifty Pharma and Nifty Auto edged higher by 0.50% and 0.42%, respectively. However, the Nifty IT index fell over 1.30% as profit-booking hit tech heavyweights like Infosys, TCS, and Tech Mahindra. The Nifty Oil & Gas sector also slipped 0.36% amid volatility in crude prices.
Broader markets outperformed, with the Nifty Smallcap 100 rising 0.75%, while the Nifty Midcap 100 closed flat. The Nifty PSU Bank index jumped 1.46%, signaling renewed interest in public-sector lenders.
Expert Insights: Consolidation Phase Ahead
Ajit Mishra, SVP of Research at Religare Broking Ltd., termed the day’s pause a “healthy consolidation” phase. He emphasized a stock-specific approach, noting that banking stocks could lead the next leg of the rally. “The Nifty’s trajectory toward 25,200+ hinges on banking sector participation, which is emerging from a consolidation phase,” he said.
Rupak De, Senior Technical Analyst at LKP Securities, highlighted technical resistance at the 25,000 mark. “A close above 25,000 is critical for the Nifty to retest 25,250–25,350. Failure could push the index toward 24,750–24,800 support,” he cautioned.
Stock-Specific Moves
- Inox India surged 2.5% after reporting robust Q4FY25 results:
- Revenue rose 33% YoY to ₹369.39 crore.
- PAT jumped 55.5% to ₹66 crore, driven by strong demand in cryogenic equipment.
- IDFC First Bank fell marginally after shareholders rejected a proposal to grant Warburg Pincus’s affiliate a board seat.
- Coal India advanced 1.2% as it announced plans to list subsidiaries BCCL and CMPDI, with draft papers likely to be filed soon.
- IndiGo remained in focus ahead of its Q4FY25 results and dividend announcement on May 21. Analysts expect strong revenue growth on higher passenger load factors.
Broader Economic Context
Rating agency Icra projected India’s Q4FY25 GDP growth at 6.9%, with full-year FY25 expansion estimated at 6.3%. This aligns with expectations of moderating growth amid global headwinds but underscores India’s resilience compared to peers.
Global Cues & FII Flows
Global markets traded cautiously ahead of key central bank policy meetings and inflation data. Foreign institutional investor (FII) activity remained in focus, with net inflows critical to sustaining momentum.
Key Takeaways for Traders
- Nifty Levels to Watch: 24,750 (support) and 25,000 (resistance).
- Sectors in Focus: Banking, realty, and pharma.
- Upcoming Triggers: Corporate earnings (IndiGo), GDP data (May 31), and global macroeconomic trends.
Sectoral Highlights
- Realty & PSU Banks: Continued their rally, up 2.26% and 1.46%, respectively.
- Auto & Pharma: Gained modestly (+0.42% and +0.50%) on domestic demand optimism.
- Oil & Gas: Slipped 0.36% due to profit-booking in energy majors.
Most Active Stocks (F&O Segment)
| Company | Price (₹) | Change (%) | Value (₹ Cr) |
|---|---|---|---|
| Cochin Shipyard | 1,982.20 | -2.63% | 4,063.77 |
| Mazagon Dock | 3,409.90 | -3.20% | 2,912.27 |
| Hindustan Aeronautics | 5,016.30 | -2.17% | 2,427.53 |
| Garden Reach Shipbuild | 2,482.90 | +0.05% | 2,401.47 |
Defense stocks dominated trading but faced profit-booking.
FII/DII Activity (₹ Crore)
- FIIs: Net buyers on May 16 (+₹8,831.05 Cr).
- DIIs: Turned sellers on May 15 (-₹1,668.47 Cr).
FII inflows signal renewed confidence in domestic equities.
Top Gainers & Losers
Nifty 500 Leaders:
| Gainers | Price (₹) | Change (%) |
|---|---|---|
| Delhivery | 351.25 | +9.47% |
| Divis Labs | 6,580.00 | +4.79% |
| NBCC (India) | 115.93 | +4.37% |
| 52-Week Highs | Price (₹) |
|---|---|
| Bajaj Holdings | 14,400.00 |
| APL Apollo Tubes | 1,811.60 |
Bearish Moves:
- Kirloskar Oil Engines: Fell 1.06% to ₹886.
- eClerx Services: Slipped 0.56% to ₹3,283.40.
Technical Trends
- Bullish Shifts:
- PNC Infratech: Upgraded to Very Bullish from Bearish.
- EIH Ltd: Turned Bullish after a Very Bearish phase.
- Bearish Alert:
- Graphite India: Surged 16.82% but faces resistance at ₹570.
Intraday Large Deals
| Company | Quantity | Price (₹) |
|---|---|---|
| Delhivery | 65,192 | 351.25 |
| Bharat Electronics | 83,434 | 363.75 |
| Block deals highlight institutional interest in logistics and defense. |
Global Markets at a Glance
- Dow Jones: Led by UnitedHealth (+6.46%) and 3M (+2.94%).
- US ETFs:
- Nippon Gold ETF: Up 0.75%.
- Nippon Nifty 50 ETF: Fell 0.21%, mirroring Indian trends.
Key Takeaways
- Nifty Support: Critical zone at 24,750–24,800; resistance at 25,000.
- Sector Watch: Banking and realty to lead; IT remains vulnerable.
- Retail Focus: Smallcaps and defense stocks drive momentum.
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