Indian stock market benchmarks ended with significant losses on Tuesday, May 27, as investors booked profits in large-caps and engaged in selective buying in the mid- and small-cap segments, amid weak global cues.
The Sensex settled 625 points, or 0.76 per cent, lower at 81,551.63, while the Nifty 50 ended 175 points, or 0.70 per cent, down at 24,826.20.
On the other hand, mid and small-caps outperformed. The BSE Midcap and Smallcap indices rose 0.18 per cent and 0.19 per cent, respectively.
Investors lost nearly ₹1 lakh crore in a day as the overall market capitalisation of firms listed on the BSE dropped to nearly ₹444 lakh crore from nearly ₹445 lakh crore in the previous session.
Indian stock market: 10 key highlights from the day
1. Why did the Indian stock market fall today?
Profit booking amid weak global cues, a lack of fresh positive triggers, stretched valuations, and dwindling foreign capital inflow are the primary reasons behind the benchmarks’ fall.
The outperformance of the mid and small-cap segments could be attributed to the retail money amid expectations of earnings revival from Q1FY26.
“The domestic market witnessed volatility and snapped a two-day rally, as investors opted for profit booking driven by valuation concerns and weakness across Asian markets,” said Vinod Nair, Head of Research, Geojit Investments Limited.
“The benchmark index once again failed to decisively breach the 25,000 resistance level, reflecting the absence of positive triggers. Large-cap stocks underperformed, weighed down by subdued FII participation and lacklustre earnings from blue-chip companies. Conversely, mid- and small-cap segments remained relatively resilient, supported by better-than-estimated Q4 earnings and moderation in premium valuation,” Nair said.
2. Top gainers in the Nifty 50 index today
Only 10 stocks managed to end in the green in the Nifty 50 index.
Shares of Jio Financial Services (up 3.87 per cent), IndusInd Bank (up 2.61 per cent), and Trent (up 0.80 per cent) ended as the top gainers.
3. Top losers in the Nifty pack
UltraTech Cement (down 2.28 per cent), JSW Steel (down 2.02 per cent) and ITC (down 1.85 per cent) closed as the top losers.
4. Sectoral indices today
Barring Nifty PSU Bank (up 0.26 per cent), Realty (up 0.24 per cent) and Pharma (up 0.11 per cent), all sectoral indices ended with losses.
Nifty FMCG, IT, Auto and Financial Services fell by over half a per cent each. Nifty Bank slipped 0.39 per cent, while the Private Bank index dropped 0.46 per cent.
(This is a developing story. Please check back for fresh updates.)
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Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
