The Indian stock market faced a downturn on Tuesday, May 13, 2025, with both the Sensex and Nifty indices declining significantly due to profit booking after a recent rally. The Sensex closed down by 1.55%, settling at 81,148.22 points.
The Nifty 50 index also saw a decrease, closing at 24,578.35. Among the top losers were Infosys, Eternal, and Power Grid. Conversely, Bharat Electronics, Jio Financial Services, and Hero MotoCorp were among the gainers.
Sectoral Performance
The Nifty IT index experienced a notable drop, while Nifty FMCG, auto, and private bank indices also saw declines. However, Nifty Media and pharma sectors showed positive movement, increasing by 1.66% and 1.22%, respectively.
Analyst Views
IIFL Finance's stock increased following an upgrade to 'Buy' by HSBC, projecting a potential upside. Several stocks on the BSE reached 52-week highs, including Godfrey Phillips and Redington. Shares of defense companies also surged following Prime Minister Modi's call for 'Made in India' defense equipment.