• 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

Asian markets open: most futures lower; Sensex to...

June 6, 2025

Here’s why the Nifty 50 Index may surge...

June 6, 2025

Circle stock price prediction: is CRCL a good...

June 6, 2025

Trump-Musk fallout risks SpaceX deals, Tesla’s standing, and...

June 6, 2025

European markets open: Stoxx 600 flat ahead of...

June 6, 2025

Musk, Trump dial back feud as White House...

June 6, 2025

XRP slips 2.5% to $2.14 as Trump-Musk clash...

June 6, 2025

China’s May export growth seen slowing to 5.0%...

June 6, 2025

FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo,...

June 6, 2025

Citi downgrades CEG stock despite Constellation Energy’s big...

June 5, 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

  • Relative Drug Pricing is Bad Medicine

    June 6, 2025
  • Want to Fix Medicaid? Look to Milton Friedman

    June 6, 2025
  • Want to Fix Medicaid? Look to Milton Friedman

    June 6, 2025
  • Relative Drug Pricing is Bad Medicine

    June 6, 2025
  • Asian markets open: most futures lower; Sensex to open flat as RBI policy decision looms

    June 6, 2025
  • Here’s why the Nifty 50 Index may surge after the RBI rate cut

    June 6, 2025

Editors’ Picks

  • 1

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

    February 20, 2025
  • 2

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

    February 21, 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

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

    February 23, 2025
  • 6

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

    March 1, 2025
  • 7

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

    March 1, 2025

Categories

  • Economy (1,373)
  • Editor's Pick (143)
  • Investing (165)
  • Stock (882)
  • 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

DAX, FTSE MIB, AEX, IBEX 35, SMI...

April 7, 2025

GE stock price forms giant megaphone pattern...

April 18, 2025

Why did Stephen Curry pick Under Armour...

June 3, 2025