Nifty, Sensex decline in early trade after sharp rally in previous session

From the Sensex firms, Bharti Airtel, IndusInd Bank, State Bank of India, Infosys, Power Grid, HCL Tech, Tech Mahindra and Mahindra & Mahindra were the major laggards. File
| Photo Credit: Reuters

Benchmark indices Sensex and Nifty declined in early trade on Friday (May 16, 2025) amid the emergence of profit-taking after a sharp rally in the previous trading session. Markets were dragged lower owing to selling in IT stocks and a largely weak trend in Asian markets.

After a weak start to the day, the 30-share BSE benchmark Sensex further declined 252.97 points to 82,277.77 in early trade. The NSE Nifty dropped 67.6 points to 24,994.50.

From the Sensex firms, Bharti Airtel, IndusInd Bank, State Bank of India, Infosys, Power Grid, HCL Tech, Tech Mahindra and Mahindra & Mahindra were the major laggards. Eternal, NTPC, Adani Ports, Bajaj Finance and Bajaj Finserv were among the gainers.

In Asian markets, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading lower while South Korea’s Kospi quoted in the positive territory. The U.S. markets ended mostly higher on Thursday (May 15, 2025).

Global oil benchmark Brent crude traded 0.08% up at $64.58 a barrel. Foreign Institutional Investors (FIIs) bought equities worth ₹5,392.94 crore on Thursday (May 15, 2025), according to exchange data.

Rallying for the second day on Thursday (May 15, 2025), the BSE Sensex jumped 1,200.18 points or 1.48% to settle at a seven-month high of 82,530.74. The Nifty surged 395.20 points or 1.60% to reach a seven-month peak of 25,062.10.