NewsMarketsMarket Wrap: Nifty and Sensex Close in Red, Utilities Shine Amid Mixed Sector PerformanceMarket Wrap: Nifty and Sensex Close in Red, Utilities Shine Amid Mixed Sector Performance
By ScanX News Team
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.
*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
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.
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.
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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