Markets drop in early trade after sharp rally in previous session
The Hindu
Equity indices Sensex and Nifty drop after sharp rally, driven by profit-taking, while global markets show positive trends.
Equity benchmark indices Sensex and Nifty dropped in early trade on Tuesday (May 13, 2025), a day after recording a sharp rally, amid the emergence of profit-taking.
The 30-share BSE benchmark gauge Sensex, declined by 497.5 points to 81,932.40 in early trade. The NSE Nifty dropped 117.2 points to 24,807.50.
Later, the BSE benchmark index quoted 788.62 points down at 81,641.28, and the Nifty traded with a cut of 209.90 points at 24,714.80.
From the Sensex firms, Infosys, Eternal, Power Grid, Kotak Mahindra Bank, ICICI Bank, HCL Tech, Tata Consultancy Services and Nestle were among the major laggards.
Sun Pharma, IndusInd Bank, Bajaj Finance and Tata Steel were the gainers.
In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Shanghai's SSE Composite index were trading in the positive territory while Hong Kong's Hang Seng quoted lower.
U.S. markets ended significantly higher on Monday (May 12, 2025). The Nasdaq Composite surged 4.35%, S&P 500 jumped 3.26% and Dow Jones Industrial Average climbed 2.81%.
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