Market Wrap: Nifty and Sensex Close in Red, Utilities Shine Amid Mixed Sector Performance

1 min read     Updated on 19 May 2025, 03:32 PM
scanxBy ScanX News Team
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Overview

Indian stock markets ended negative on May 19, 2025, with Nifty 50 down 0.30% at 24,945.45 and Sensex down 0.33% at 82,059.42. Utilities and Logistics sectors outperformed, while Printing & Stationery and Engineering Services underperformed. Protean eGov Technologies plunged 19.99% after losing a key project bid. Despite benchmark declines, market breadth remained positive with 2,739 advancing stocks versus 1,715 declining.

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*this image is generated using AI for illustrative purposes only.

Market Overview

The Indian stock markets closed on a negative note on May 19, 2025, with both benchmark indices, Nifty 50 and BSE Sensex, ending in the red. The Nifty 50 closed at 24,945.45, down 74.35 points or 0.30% from the previous close. Similarly, the BSE Sensex ended at 82,059.42, registering a decline of 271.17 points or 0.33%.

Sectoral Performance

The day saw a mixed performance across various sectors:

Top Performing Sectors

Sector Average % Change
Utilities 1.56%
Logistics & Cargo 1.38%
Chemicals 1.34%
Automobiles 1.26%

Underperforming Sectors

Sector Average % Change
Printing & Stationery -0.75%
Engineering Services -0.74%

Buzzing Stocks

  1. Protean eGov Technologies: The stock plummeted 19.99% to ₹1,143.20 after being eliminated from the Income Tax Department's PAN 2.0 project bidding process. However, an executive stated that the company doesn't anticipate immediate impact on its PAN business.

  2. Vodafone Idea: Shares dropped 8.82% to ₹6.72 as the government rejected the company's request for additional relief on adjusted gross revenue (AGR) dues. The telecom giant has filed a new petition seeking relief of over ₹45,000 crore in AGR dues.

  3. Asian Energy Services Ltd: Despite reporting strong FY25 results with 52% YoY revenue growth and 65% PAT growth, the stock declined 7.79% to ₹311.85. The company announced plans to acquire UAE-based Kuiper Group and set ambitious revenue targets for FY26.

Market Breadth

The overall market breadth was positive, with more stocks advancing than declining:

Category Number of Scrips
Total 4,454
Positive 2,739
Negative 1,715

Conclusion

In summary, the Indian stock markets ended the day on a slightly bearish note, with key indices showing marginal declines. While sectors like Utilities and Logistics showed strength, others like Printing & Stationery and Engineering Services faced pressure. The market breadth remained positive, indicating a broader resilience despite the benchmark indices' decline.

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