Markets decline in early trade mirroring weak Asian equities

The 30-share BSE benchmark gauge Sensex declined 106.78 factors to 81,223.78 in early trade. The NSE Nifty dipped 38.45 factors to 24,628.45. File
| Photo Credit: The Hindu

Benchmark indices Sensex and Nifty declined in early trade on Thursday (May 15, 2025) dragged down by blue-chip financial institution shares and weak tendencies in Asian markets.

The 30-share BSE benchmark gauge Sensex declined 106.78 factors to 81,223.78 in early trade. The NSE Nifty dipped 38.45 factors to 24,628.45.

Later, the BSE benchmark traded 247.22 factors decrease at 81,082.80, and the Nifty quoted 67.15 factors down at 24,599.75.

From the Sensex companies, Power Grid, IndusInd Bank, Axis Bank, Sun Pharma, Infosys, Mahindra & Mahindra, Kotak Mahindra Bank and HDFC Bank had been the key laggards.

Tata Motors, Adani Ports, Tata Steel, Tech Mahindra and ExtremelyTech Cement had been the gainers.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng had been buying and selling decrease.

U.S. markets ended on a combined be aware on Wednesday (May 14, 2025).

“The market appears to be heading for a near-term consolidation phase with the mid and smallcaps outperforming. The sustained robust FII buying which lifted the largecaps is likely to weaken in the new context of trade deal emerging between U.S. and China,” V.Okay. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, mentioned.

Global oil benchmark Brent crude dropped 2.10% to $64.70 a barrel.

Foreign Institutional Investors (FIIs) purchased equities value Rs 931.80 crore on Wednesday (May 14, 2025), in accordance with change information.

On Wednesday (May 14, 2025), the BSE Sensex climbed 182.34 factors or 0.22% to settle at 81,330.56. The Nifty rose by 88.55 factors or 0.36% to 24,666.90.