Monday, May 19, 2025 | CapitalKeeper.in
📉 Market Wrap-Up: Bears Tighten Their Grip!
🔔 Closing Bell: Sensex Down 270 Pts, Nifty Ends Below 24,950; Eternal, Infosys, TCS, Tech Mahindra Top Losers
The markets ended the day on a disappointing note as selling pressure dragged down key indices. The Sensex slipped by 270 points, closing in the red, while the Nifty fell below the critical 24,950 mark, signaling a weak close to the trading session.
💥 Top Losers: IT Giants Under Pressure
IT heavyweights took a significant hit today, leading the list of top losers :
Eternal: Closed with a sharp decline, losing around 3.2% as selling dominated.
Infosys: Continued its downward trend, falling 2.8% amid bearish sentiment.
TCS: Suffered a decline of 2.5% as tech stocks remained under pressure.
Tech Mahindra: Ended the day down by 2.3%, weighed down by global tech sell-offs.
💡 Why IT Stocks Fell:
- Weak global cues and concerns over future growth have led to profit booking in IT majors.
- Rising US bond yields continue to pressure the tech sector, causing a ripple effect in Indian IT stocks.
📊 Key Index Movements:
- Sensex: Fell by 270 points, settling at 54,780.
- Nifty: Dropped below 24,950, marking a critical support breakdown.
- Nifty IT: The sectoral index shed nearly 1.9% as sentiment remained bleak.
Closing Bell: Sensex down 270 pts, Nifty ends below 24,950
Market Recap: A Rough Ride for Bulls
As the trading session wrapped up, the Indian equity markets found themselves in the red, dragged down primarily by IT heavyweights and weak global cues. The Sensex fell by 270 points, closing at 54,780, while the Nifty ended below the crucial 24,950 mark. Market sentiment remained cautious throughout the day, with profit booking intensifying in the afternoon session.
Investors remained on edge as global market uncertainties, especially concerns over tech sector earnings, continued to weigh on sentiment. With the US bond yields inching higher, risk-off sentiment prevailed, hitting the Indian IT sector particularly hard.
📝 Key Levels to Watch Tomorrow:
- Nifty Support: 24,800 / 24,650
- Nifty Resistance: 25,140 / 25,210
- Bank Nifty Critical Level: 57,263.80 (a break here could increase volatility)
🚀 Trading Strategy for Tomorrow:
- Short-Term Bearish: Remain cautious with fresh long positions until key resistance levels are breached.
- Sector Rotation: Consider safer sectors like FMCG and Pharma amid tech weakness.
- Risk Management: Set strict stop-loss levels around key supports to mitigate volatility risks.
💡 Expert Take:
Market analysts suggest that the recent fall in Nifty below 24,950 could invite further downside pressure if support at 24,800 does not hold. Traders should watch for any positive triggers, such as earnings surprises or easing global cues, before considering fresh long positions.
For Bank Nifty, a break below 57,263.80 could signal a bearish shift, especially if accompanied by high volume. On the upside, sustaining above 55,689 will be crucial for any potential recovery..
- Short-Term Weakness: IT stocks may continue to face pressure, given ongoing global cues.
- Watch Support Zones: If Nifty fails to hold 24,800, further downside is likely.
🌐 Social Media Shareable:
Twitter Post:
🔔 Closing Bell: Sensex down 270 pts, Nifty slips below 24,950! IT giants take a hit as Eternal, Infosys, TCS, and Tech Mahindra top losers. Will the bears dominate tomorrow? #StockMarket #Sensex #Nifty
📢 Disclaimer:
The information provided in this blog is for informational and educational purposes only. CapitalKeeper.in does not offer financial, investment, or trading advice. The analysis and opinions expressed are based on data available at the time of writing and are subject to change without notice.
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