Sensex and Nifty News: Markets Slip Amid US Yield Spike and Global Tensions

Market Performance

On May 22, Indian equity markets witnessed a sharp downturn as global headwinds triggered widespread selling across sectors. Sensex and Nifty closed lower, with a volatile session marked by steep intraday losses and a late recovery.

• Sensex fell by 644.64 points (0.79%), closing at 80,951.99
• Nifty 50 ended the day 203.75 points (0.82%) lower at 24,609.70
• Intraday lows:
  • Sensex touched 80,489.92
  • Nifty 50 dropped to 24,462.40

The overall market capitalization of BSE-listed companies dropped by ₹2 lakh Crore, falling from ₹441 lakh Crore to ₹439 lakh Crore in a single trading session.

Main News

A mix of global uncertainties drove the sell-off:

• US Bond Yields surged, hitting investor confidence globally.
• US Fiscal Worries intensified following discussions over a proposed tax bill in Congress, which may significantly increase US debt.
• Middle East Tensions escalated, with reports of potential military action between Israel and Iran, dampening global risk appetite.
• The lack of domestic triggers and stretched market valuations also weighed on sentiment.

Sectoral Impact

Most sectors ended in red, showing a broad-based correction:

Broader Markets

• Midcap 100 Index: Fell 0.52%
• Smallcap 100 Index: Declined 0.26%

Company Details

 Colgate-Palmolive (India)

• The stock fell over 6%
• Net Profit: ₹355 Crore, down 6% YoY
• Net Sales: ₹1,452 Crore vs ₹1,481 Crore (YoY)
• Drop attributed to soft urban demand and increased competition

 BSE Ltd.

• Shares declined 4%
• Reports suggest SEBI may soon approve Tuesday as the expiry day for NSE index contracts

IndusInd Bank

• Closed 2% higher despite losses
• Q4FY25 Net Loss: ₹2,329 Crore (vs ₹2,349 Crore profit in Q4FY24)
• Net Interest Income: ₹3,048.3 Crore
• Provisions: ₹2,522.08 Crore (vs ₹1,743.63 Crore in previous quarter)

Summary of the Article

The Indian stock market experienced a notable correction on May 22, driven by global concerns such as the US debt burden, rising bond yields, and geopolitical tensions. The Sensex and Nifty ended the day below their psychological support levels, with midcap and smallcap indices also under pressure.

While banking stocks showed some resilience, major sectors suffered losses, including FMCG, IT, and auto. Company-specific declines in Colgate-Palmolive and BSE Ltd. further contributed to the negative sentiment.

This Sensex and Nifty News highlights how quickly global macroeconomic factors can impact domestic markets and reinforces the market's current sensitivity to external events.