Stock markets close lower for 2nd day, IT stocks, weak global trends drag
The Hindu
BSE Sensex drops 271 points due to selling in IT stocks and weak global market trend.
Benchmark BSE Sensex dropped by 271 points on Monday (May 19, 2025), marking the second straight day of losses due to selling in IT stocks and a weak trend in global markets after rating downgrade of the U.S. by Moody’s Ratings.
The 30-share BSE barometer declined 271.17 points or 0.33% to settle at 82,059.42. During the day, it dropped 366.02 points or 0.44% to 81,964.57.
The NSE Nifty dipped 74.35 points or 0.30% to 24,945.45.
Among Sensex firms, Eternal, Infosys, Tata Consultancy Services, Tech Mahindra, Reliance Industries, Asian Paints, HCL Tech and Adani Ports were the laggards.
Power Grid, Bajaj Finance, NTPC, State Bank of India and IndusInd Bank were among the gainers.
“Markets languished in negative territory for major part of the trading session as weak Asian and European indices resulted in investors resorting to profit-taking in IT, capital goods and oil & gas shares,” Prashanth Tapse, Senior V-P (Research), Mehta Equities Ltd, said.
Among Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Hong Kong’s Hang Seng settled lower while Shanghai’s SSE Composite index ended higher.
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