Mumbai: 

The benchmark stock indices BSE Sensex and NSE Nifty settled lower on May 16, 2025, Friday as profit-taking was recorded in IT shares and Bharti Airtel after a sharp rally in the previous session. BSE barometer declined 200.15 points to finish at 82,330.59. The broader Nifty went down 42.30 points to end at 25,019.80.

The BSE Sensex rallied 1,200.18 points to close at a seven-month high of 82,530.74. The Nifty jumped 395.20 points to reach a seven-month peak of 25,062.10. Asian markets: Shanghai’s SSE Composite index and Hong Kong’s Hang Seng closed on lower note, while Japan’s Nikkei 225 index and South Korea’s Kospi ended in the positive territory.

The US stock markets settled mostly higher on Thursday. Global oil benchmark Brent crude appreciated 0.08 per cent up at USD 64.58 a barrel. 

The BSE Sensex opened 243 points lower on 82,290.31 today. The Nifty declined 63 points to 24,998.85. The selling in IT stocks and a largely weak trend in Asian markets also led to the decline. The exchange data informed that Foreign Institutional Investors (FIIs) purchased equities worth Rs 5,392.94 crore on Thursday.

Laggards from the Sensex firms: Bharti Airtel, Titan, Infosys, Tech Mahindra, Tata Consultancy Services, Bajaj Finserv, Larsen & Toubro, Mahindra & Mahindra, HCL Tech, and State Bank of India. Gainers from the pack: Asian Paints, ITC, Tata Motors, NTPC, Eternal, and Hindustan Unilever.

“Markets languished in negative territory throughout the trading session and ended weak due to selective profit-taking in IT, banking and metal shares.

“However, broader indices like mid and smallcap indices coupled with most sectoral stocks ending in positive territory shows that investors are cautiously optimistic on equities, despite global uncertainties,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

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