• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Banking stocks drag Dalal Street lower: what’s spooking the financial heavyweights today?

by May 15, 2025
by May 15, 2025

Indian equity benchmarks, the Sensex and Nifty, commenced Thursday’s session on a weaker footing, succumbing to selling pressure in prominent blue-chip banking stocks and reflecting a subdued sentiment across broader Asian markets.

The initial downturn set a cautious tone for the day’s trading.

The 30-share BSE Sensex registered an early dip, falling 106.78 points to 81,223.78 shortly after the opening bell on May 15, 2025. Similarly, the NSE Nifty declined by 38.45 points to 24,628.45.

As the session progressed, the selling pressure intensified slightly, with the BSE benchmark later trading 247.22 points lower at 81,082.80, and the Nifty quoted 67.15 points down at 24,599.75.

Several heavyweight constituents from the Sensex pack contributed to the negative momentum.

Among the major laggards were Power Grid, IndusInd Bank, Axis Bank, Sun Pharma, Infosys, Mahindra & Mahindra, Kotak Mahindra Bank, and HDFC Bank.

However, not all stocks were in the red; Tata Motors, Adani Ports, Tata Steel, Tech Mahindra, and UltraTech Cement managed to buck the trend and post gains in the early hours.

Regional ripples and global undercurrents

The weakness in Indian equities mirrored trends observed across other Asian financial centers.

Major indices in the region, including South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index, and Hong Kong’s Hang Seng, were all reported to be trading lower.

This followed a mixed closing for US markets on Wednesday, May 14, 2025, indicating a degree of uncertainty in global investor sentiment.

Market analysts are interpreting the current price action as a potential sign of consolidation.

“The market appears to be heading for a near-term consolidation phase with the mid and smallcaps outperforming,” V.K. Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, told PTI.

He further suggested that a shift in foreign fund flows might be on the horizon: “The sustained robust FII buying which lifted the largecaps is likely to weaken in the new context of trade deal emerging between US and China.”

Adding to the broader market picture, global oil benchmark Brent crude experienced a notable drop, declining 2.10% to $64.70 a barrel, a factor that often influences sentiment in import-dependent economies like India.

FII activity and previous session recap

Despite the early weakness on Thursday, data from the exchanges indicated that Foreign Institutional Investors (FIIs) remained net buyers on the preceding day.

FIIs bought equities worth Rs 931.80 crore on Wednesday, May 14, 2025.

This inflow had contributed to a positive close for the Indian markets on Wednesday, with the BSE Sensex climbing 182.34 points or 0.22% to settle at 81,330.56, and the Nifty rising by 88.55 points or 0.36% to 24,666.90.

The post Banking stocks drag Dalal Street lower: what’s spooking the financial heavyweights today? appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Europe markets open: UK’s 0.7% Q1 GDP, Siemens earnings in focus amid global caution
next post
Amid scrutiny, Airbnb chases $1T experience market: could app backlash turn into its biggest asset?

Related Posts

Commerzbank sees China economic growth slowing in second...

June 27, 2025

JSW Paints to buy Akzo Nobel India for...

June 27, 2025

Europe markets open: stocks rise as US hints...

June 27, 2025

US-China sign trade deal, 10 more with trading...

June 27, 2025

Xiaomi stock price hits record high as Apple...

June 27, 2025

NTT Data Group plans Singapore REIT IPO in...

June 27, 2025

Jio Financial shares rally close to 5% after...

June 27, 2025

CAC 40 2025 outlook: Biggest winners and losers...

June 27, 2025

From best to worst: Why Trade Desk stock...

June 27, 2025

HBAR drops 1.63% as short bets rise and...

June 27, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • PBS and NPR: A Free Press Doesn’t Need a Government Budget Line 

    June 27, 2025
  • Trump v Powell: The Credibility Cost of Politicized Monetary Policy

    June 27, 2025
  • Commerzbank sees China economic growth slowing in second half of 2025

    June 27, 2025
  • JSW Paints to buy Akzo Nobel India for $1.6 billion in major Indian paints market shake-up

    June 27, 2025
  • Europe markets open: stocks rise as US hints at tariff delay; auto sector gains 1.4%

    June 27, 2025
  • US-China sign trade deal, 10 more with trading partners ‘imminent’: report

    June 27, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,639)
  • Editor's Pick (168)
  • Investing (185)
  • Stock (1,062)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Europe markets open: Stoxx 600 climbs as...

May 2, 2025

Tesco share price megaphone pattern points to...

April 16, 2025

Here’s why Teladoc Health stock price could...

June 24, 2025