Sensex Nifty Live Updates May 16: Benchmark Indices Snap Winning Streak, Close Marginally Lower

Indian markets took a breather today after a strong rally, with the Nifty 50 and Sensex ending slightly lower amid mild profit booking. Despite weak cues from Asian peers, select auto and consumer stocks held firm, while pressure in IT and telecom weighed on the indices.

Stock Market Highlights, May 16:

• Indices End Slightly Lower: The Sensex closed at 82,330, down 0.24%, while the Nifty 50 slipped 0.17% to end at 25,019, as investors booked profits after recent highs.
• Top Movers: Bharat Electronics led the gainers with a 3.85% jump, followed by Bajaj Auto and Tata Consumer Products. On the flip side, Bharti Airtel, HCL Tech, and SBI were among the top losers.
• Global Market Pulse: While Asian markets ended mixed, European indices like DAX and FTSE 100 were trading higher. US futures pointed to a potential positive open, with the Dow Jones up 0.34% in pre-market trade.

Stay informed with our in-depth look at what’s driving the stock market tomorrow.

Top Gainers:

Top Losers:

Indian Market Closing Cues:

Asian Markets: 

European Market Mid-Session Update:

US Markets Live Today

*As of 15:26 IST

Stock in News Today:

Here are the top stocks to watch today following their latest earnings and key business updates.

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Abbott India

Abbott India posted a strong performance with net profit rising 27.9% year-on-year to ₹367 crore. The growth was primarily driven by solid revenue momentum and enhanced operational efficiency.

Godrej Industries

On May 15, Godrej Industries Ltd reported a net profit of ₹183 crore for the fourth quarter of FY25, a significant turnaround from a net loss of ₹311.8 crore in the corresponding period last year. Operational revenue rose sharply by 26.5% YoY to ₹5,779.7 crore, compared to ₹4,567.3 crore in Q4FY24.

JSW Energy

JSW Energy recorded a 16.1% increase in quarterly profit, reaching ₹408 crore compared to ₹351.3 crore in the same quarter last year. Revenue climbed 15.7% year-on-year to ₹3,189.4 crore from ₹2,755.9 crore. Additionally, the company’s board has approved a fundraising plan of up to ₹10,000 crore, which may be executed in multiple tranches.

Bharti Airtel

Pastel, a subsidiary of Singtel, plans to divest a 0.8% stake in Bharti Airtel via a block deal. The total deal is valued at ₹8,568 crore, with a floor price set at ₹1,800 per share — representing a 3.6% discount to Airtel’s previous closing price.

PB Fintech

PB Fintech, the parent entity of Policybazaar, announced a sharp 184.1% year-on-year jump in net profit to ₹171 crore for the quarter ended March 31, 2025, showcasing strong earnings momentum.

Stock Market Outlook for Today:

• Flat Opening: Nifty opened nearly unchanged at 25,064 after a strong May 15 close, tracking weak Asian cues and a 0.6% drop in Gift Nifty.
• Rangebound Signals: PCRs below 1 and max pain at 25,000 (Nifty) potentially hint at consolidation around current levels.
• Mixed Global Cues: Dow gained, but weakness in Nasdaq and Asia, along with FII selling, may limit upside.
   

Indian Stock Market Recap: May 15

Markets closed in the green on May 15, with the Nifty crossing the 25,000 mark for the first time since October 2024. Indian stock markets saw a strong surge in the second half of the day, as the Nifty climbed over 1.5% and the Sensex jumped more than 1,000 points.

Indian Market Cues:

Global Market Cues (US Indices):

Asian Markets: 

Crude Oil Prices:

Bond Yields:

FII/DII Activity:

Foreign Institutional Investors (FIIs) Net Buy/Sell : -1668.5
Domestic Institutional Investors (DIIs) Net Buy/Sell : 5392.9

*As of 09:28 IST
 
This content is for informational purposes only and not investment advice. Please do your own research before making any financial decisions.