Benchmark indinces tumbled on May 19 tracking weak global cues, a selloff in IT shares and rising market volatility following Moody's downgrade of the US sovereign credit rating, even as broader market gauge outperformed to end in the green.
At close, Sensex dropped over 287 points to close at 82,043, while the Nifty 50 index declined 0.35 percent to end the session at 24,933.
Among sectoral indices, Nifty Realty index ended nearly 2 percent higher, while IT stocks tumbled. Here are the top gainers and losers from today's session:
Delhivery:
Delhivery shares jumped over 10 percent to close at Rs 353 apiece. This comes after the logistics company reported a net profit of Rs 73 crore for Q4 FY25, as against the net loss of Rs 68.5 crore in Q4 FY24. On a sequential basis, the company's net profit rose 190 percent from the Rs 25 crore reported in the third quarter of FY25.
Delhivery's revenue from operations meanwhile gained nearly 6 percent on-year to Rs 2,192 crore in Q4 FY25. However, it fell over 7.8 percent from the Rs 2,378 crore revenue reported in Q4 FY25.
Divis Labs:
CDMO player Divi’s Laboratories shares rallied 5 percent to close at Rs 6,567 apiece. This comes after the firm posted a sharp rise in its earnings report for the January-March period of FY25, lead by a recovery in the API segment. The pharma player reported a 23 percent jump in net profit for the three months ended March at Rs 662 crore. The firm's revenue came in at Rs 2,585 crore, higher by 12.2 percent compared to Rs 2,303 crore during the year-ago period.
Hyundai Motor India:
Hyundai Motor India closed 2 percent higher at Rs 1,893 apiece. This comes after the auto player reported a net profit of Rs 1,614 crore for the fourth quarter of the financial year 2025, marking a fall of nearly 4 percent from the Rs 1,677 crore net profit reported in Q4 FY24. The firm's revenue from operations meanwhile rose 1.5 percent YoY to Rs 17,940 crore during the quarter under review.
Real estate stocks:
Real estate stocks have seen a significant surge in recent days, dodging the volatility in the overall market. The Nifty Realty index has on May 19 extended gains for the fourth consecutive session, jumping nearly 2 percent to hover around 931 on May 19.
Notably, the cumulative market capitalisation of all stocks on the index increased by a whopping Rs 57,000 crore in a span of four days, driven by the sharp rally in the share prices. Hopes of a rate cut after Reserve Bank of India's MPC meeting in June may be one of the possible triggers for the uptrend in the sector.
Graphite India:
Graphite India shares surged over 15 percent to close at Rs 560 apiece. This comes after Japan's Resonac Holdings said it will quite production in China and Malaysia due to margin pressure. Resonac is a major producer of graphite electrodes, which are used mainly in electric arc furnaces to melt scrap iron.
Resonac will liquidate its subsidiaries in China and Malaysia, leaving it with four sites in Japan, the US, Austria and Spain, reported Nikkei. The report added that the shutdown in China and Malaysia can impact up to one-third of Resonac's capacity.
Defence stocks:
After a record rally, defence stocks tumbled today as investors resorted to profit-booking amid elevated valuations amid relentless buying. After hitting a fresh 52-week high in early trade, jumping two percent, the Nifty India Defence index took a sharp U-turn, giving up its gains to close one percent lower, effectively snapping a six-session long rally.
IT stocks:
The Nifty IT index tumbled in trade on Monday, May 19, after credit rating agency Moody's lowered its rating on U.S., from Aaa, the highest rating, to Aa1. The sell-off comes amid concerns of sales growth, as these IT players depend on services exports to the U.S. for a large portion of their revenue. Amid a slowing U.S. economy, deal wins from America-based clients are likely to slow down, impacting the topline of these firms.
The index closed over 1.3 percent lower at Rs 37,477, with Mphasis, Infosys and Coforge leading the losses.
Vodafone Idea:
Vodafone Idea shares tumbled over 8 percent to close at Rs 6.75 apiece. This comes after the Supreme Court dismissed the pleas of telecom majors Vodafone Idea, Airtel and Tata Teleservices seeking the waiver of adjusted gross revenue (AGR) dues. A bench comprising Justices J B Pardiwala and R Mahadevan called the pleas "misconceived". "We are really shocked by these petitions which have come before us. It is not expected of a multinational company. We will dismiss it," the bench told senior advocate Mukul Rohatgi, appearing for Vodafone Idea.
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