Stock markets end lower on profit taking in IT shares; Bharti Airtel declines nearly 3%
The Hindu
Stock indices Sensex and Nifty drop after previous session's rally, with IT shares and Bharti Airtel leading the decline.
Benchmark stock indices Sensex and Nifty ended lower on Friday (May 16, 2025) due to profit-taking in IT shares and Bharti Airtel after a sharp rally in the previous session.
The 30-share BSE Sensex declined 200.15 points or 0.24% to settle at 82,330.59. During the day, it lost 383.79 points or 0.46% to 82,146.95.
The NSE Nifty dropped 42.30 points or 0.17% to 25,019.80.
Bharti Airtel dropped by 2.81% after Singtel sold about 1.2% of its direct stake in the firm for around $1.5 billion in sync with its active capital management approach to optimise its asset portfolio and drive shareholder returns sustainably.
HCL Tech, State Bank of India, Infosys, Tech Mahindra, Tata Consultancy Services, Bajaj Finserv, Larsen & Toubro, Mahindra & Mahindra and Titan were also among the losers in the Sensex pack.
Eternal, Hindustan Unilever, Asian Paints, ITC, Tata Motors and NTPC were among the gainers.
"Markets languished in negative territory throughout the trading session and ended weak due to selective profit-taking in IT, banking and metal shares.
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