Markets at Noon: Nifty, Sensex Edge Lower Amid Mixed Sectoral Performance
By ScanX News Team
Indian equity markets are trading slightly lower at midday on May 19, 2025. The Nifty 50 is down 0.07% at 25,001.05, while the Sensex has declined 0.14% to 82,219.27. Sectoral performance is mixed, with Cables leading gains at 8.00%, followed by Diamond, Gems and Jewellery at 2.83%. Printing & Stationery is the top losing sector at -0.69%. Protean eGov Technologies hit the 20% lower circuit after being eliminated from a key project bidding. Asian Energy Services is down 6.40% despite strong FY25 results and acquisition plans.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on May 19, 2025, Indian equity markets are trading slightly lower. The Nifty 50 index is currently at 25,001.05, down 18.75 points or 0.07% from its previous close. Similarly, the BSE Sensex stands at 82,219.27, showing a decline of 111.32 points or 0.14%.
Sectoral Performance
The market is witnessing mixed sectoral performance:
Top Performing Sectors
| Sector | Avg. Per Change |
|---|---|
| Cables | 8.00% |
| Diamond, Gems and Jewellery | 2.83% |
| Aviation | 2.03% |
Top Losing Sector
| Sector | Avg. Per Change |
|---|---|
| Printing & Stationery | -0.69% |
Buzzing Stocks
Protean eGov Technologies
- Current Price: ₹1,143.20
- Change: -19.99%
- News: The stock hit the 20% lower circuit after being eliminated from the Income Tax Department's PAN 2.0 project bidding process. The company stated this development should have limited impact on its existing PAN processing services.
Asian Energy Services Ltd
- Current Price: ₹316.55
- Change: -6.40%
- News: Despite reporting strong FY25 results with 52% YoY revenue growth and 65% PAT growth, the stock is trading lower. The company announced plans to acquire UAE-based Kuiper Group for $9.25 million and targets ₹650-700 crores revenue for FY26. A dividend of ₹1 per share is proposed, along with plans for an ESOP.
Conclusion
The Indian markets are showing a slight downward trend at midday, with both Nifty and Sensex in the red. While sectors like Cables and Diamond, Gems and Jewellery are outperforming, Printing & Stationery is facing pressure. Notable stock movements include Protean eGov Technologies hitting the lower circuit and Asian Energy Services trading lower despite positive financial results.
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