Pratiksha Ghosh
Mumbai May 20 2025: On Tuesday Indian equity markets staged a modest recovery in early trade , tracking a positive global cues and renewed buying interest in IT stocks.
The BSE Sensex rose 191 points to 82,250.42, while the NSE Nifty gained 64.9 points to reach 25,010.35. The rebound comes after two consecutive sessions of losses.
Among the major gainers on the Sensex were Tata Steel, Infosys, Tech Mahindra, ITC, Axis Bank, TCS, IndusInd Bank, and Asian Paints. On the other hand, Power Grid, HDFC Bank, Bajaj Finance, Reliance Industries, Titan, and Nestle India lagged behind.
On Monday Asian stock markets also opened strong, with benchmarks in South Korea, Japan, China, and Hong Kong all trading in the green. US markets had ended higher .
Despite the uptick, analysts warned of limited upside due to high valuations. "The market is likely to enter a consolidation phase. Institutional selling at higher levels is likely to cap gains," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Foreign Institutional Investors (FIIs) sold equities worth ₹525.95 crore on Monday, exchange data showed.
