Nifty Falls Below 25,000 Mark; IT Sector Leads Losses, Broader Markets Outperform
India’s key benchmark indices ended Monday's trade in red, while the broader market showed modest gains driven by gains in infrastructure-related shares.
At the closing bell, Nifty 50 ended lower, down by 0.30% at 24,945.45, and the Sensex dropped by 0.33%, closing near the 82,059 mark. The Bank Nifty index closed higher with gains of 0.12% and settled at 55,420. On a monthly basis, the Nifty 50 is trading with gains of 2.5%.
The Information Technology sector fell by 1.3%, offsetting gains in other areas and keeping the major indices flat. IT companies, which get a substantial share of their revenue from the U.S., jumped 5.8% last week, marking the IT index's second-biggest weekly gains in 2025. The drop in IT stocks was influenced by Moody’s downgrade of the U.S. government credit rating, which impacted companies heavily reliant on U.S. revenue.
Strong quarterly earnings from select firms helped lift market sentiment. Notably, Divi’s Laboratories surged 6% after reporting higher revenue and profits for the fourth quarter.
The Nifty IT index declined by 1.3% on Monday. Mphasis slipped more than 2%, the most among the IT stocks, dragging the Nifty IT index down.
The key drivers of the index gains were:
On the other hand, these stocks weighed on the index:
The broader market indices ended in the green, with the Mid-cap and Small-cap 100 indices jumping by 0.08% and 0.51%, respectively, while 10 out of 17 major sectoral indices ended in the positive territory.
As of May 19, 2025, the Indian stock market witnessed positive market breadth. Out of 3,005 stocks traded on the NSE, 1,842 advanced, 1,074 declined, and 89 remained unchanged.
A total of 67 stocks touched their 52-week highs, while 19 hit their 52-week lows. Additionally, 175 stocks were locked in their upper circuits, whereas 54 stocks were in lower circuits.
Disclaimer: The article is for informational purposes only and not investment advice.

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