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Indian Stock Indices Extend Losses Over Profit Booking; Sensex-Nifty Down 0.3%

The Business Guardian

|

May 20, 2025

Indian stock indices kicked off the new week negatively, with benchmark Sensex and Nifty settling 0.3 per cent lower from their previous closing.

- TBG NETWORK

Indian Stock Indices Extend Losses Over Profit Booking; Sensex-Nifty Down 0.3%

On Friday, too, the indices traded in the red.

The declines are possibly due to the profit-booking following the latest rally. Sensex is now some 4,000 points below its all-time high of 85,978 points. NSE data showed that among the sectoral indices, Nifty IT and Nifty Media were the top losers, while Nifty PSU Bank, Nifty Realty, and Nifty Pharma were the top gainers.

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‘Capex, Opex subsidies in mineral scheme to boost recycling infra’

Provision of both capital expenditure (Capex) and operational expenditure (Opex) subsidies under Rs 1,500 crore incentive scheme for Critical Mineral Recycling will accelerate the establishment of advanced recycling infrastructure, said industry body India Energy Storage Alliance (IESA) while welcoming the Centre's move.

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Why 2 nm chips matter in India’s chip revolution

India has taken another big step in its semiconductor journey with the recent inauguration of ARM's new design office in Bengaluru.

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GOVT ACTIVATES PORTAL FOR GST COMPLAINTS

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BofA sees positive outlook for Paytm, citing soundbox, AI

Paytm (One97 Communications Limited), India's full stack merchant payments leader, is showing steady momentum across its core

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GST CUTS TO BOOST ECONOMY, BUT REVENUE LOSS COULD HIT BANKING SECTOR

While the government has estimated an annual revenue loss of about Rs 480 billion, due to the reduced Goods and Services Tax (GST) rates on various products, a recent report by Systematix Research has pegged the figure much higher, at nearly Rs 1.2 trillion.

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Ahead of IPO, Ganesh Consumer Products raises Rs 122 crore

Ganesh Consumer Products Ltd, a key player in packaged food products in eastern India, on Friday said it has raised over Rs 122 crore from anchor investors, ahead of its initial share-sale opening for public subscription.

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Third round of India-New Zealand FTA negotiations concludes

The third round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Queenstown, New Zealand.

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'Capex, Opex subsidies in mineral scheme to boost recycling infra'

Eligible feedstock is e-waste, Lithium Ion Battery (LIB) scrap, and scrap other than e-waste & LIB scrap, e.g. catalytic converters in end-of-life vehicles.

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Zelio E-Mobility gets Sebi nod for Rs 78-cr IPO

Electric vehicle maker Zelio E-Mobility Ltd on Friday said it has received approval from capital market regulator Sebi for its SME IPO to raise Rs 78 crore.

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US' H-1B fee move can have ripple effects on US innovation system

Indian IT industry body Nasscom has expressed concerns following the White House’s September 19 announcement of anew USD 100,000 annual fee on H-IB visa applications, calling the move potentially disruptive to global business continuity and the innovation ecosystem in the United States.

time to read

2 mins

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