Share Market Today: Headline indices witnessed broad-based selling on May 13, one day after witnessing a nearly 4 per cent rally. The 30-Share Sensex closed at 81,148.22 down by 1281.68 points or 1.55 per cent. The Nifty 50 index ended lower by 346.35 points or 1.39 per cent at 24,578.35. The headline indices ended lower following likely profit-booking.
Infosys, Eternal And Powergrid Corporation Emerge As Top Drags
Infosys Ltd, Eternal Ltd and Power Grid Corporation of India Ltd emerged as top-drags among Nifty 50 stocks as they closed by as low as 3.63 per cent. Bharat Electronics Ltd, Jio Financial Services and Hero Motocorp Ltd bucked the trend as they closed higher by up to 4.06 per cent on the NSE. On May 13 as many as 35 constituents of the benchmark Nifty declined and 14 ended in the green territory while one stock remained unchanged.
Advertisement
Broader Market Indices Buck Trend
Amid broad-based selloffs on D-Street after the rally on May 12, the broader market indices bucked the trend to end in the green as the Nifty MidCap 100 and the Nifty SmallCap 100 closed 0.19 and 0.81 per cent higher. Key sectoral indices closed lower, with the Nifty IT index and the Nifty Auto index declining the most as they closed by as low as 2.42 per cent. However, the Nifty Pharma index managed to close in the green up by 1.22 per cent.
Global Markets
Wall Street ended mixed on May 12 as the Dow Jones Futures closed lower by 0.45 per cent and the S&P 500 and the Nasdaq closed up by 4.35 per cent. Nikkei 225 and the Shanghai Composite traded higher by up to 1.41 per cent while the Hang Seng traded lower by 1.91 per cent.
Advertisement
Primary Market Action
Integrity Infrabuild Developers IPO’s bidding window opened on May 13. The three-day bidding window is expected to close on May 15. Share allotment status of the public issue will be decided on May 16. The tentative listing date for Integrity Infrabuild Developers Ltd shares is May 20.
Global and Domestic Cues
D-Street is likely to be impacted by the next set of March quarter earnings for fiscal 2024-25 (Q4FY25), Wholesale Price Inflation (WPI) data and the continued tensions between India and Pakistan.
