Sensex, Nifty down amid global sell-off after Moody’s US downgrade

The domestic share market indices traded lower on Monday, dragged by a global sell-off, losses in IT stocks, and heightened volatility after Moody’s downgraded the US sovereign credit rating. At close the Sensex was down 271.17 points or 0.33 percent at 82,059.42,and the Nifty was down 74.35 points or 0.30 percent at 24,945.45.About 2436 shares advanced, 1500 shares declined, and 175 shares unchanged.
Heavyweights such as Infosys, Tata Consultancy Services, Grasim Industries, Eicher Motors and Tata Consumer Products were among the top losers on the index. On the sectoral front,the market showed mixed trends. Nifty IT was the worst performer, down 1.30 percent, followed by losses in FMCG, Oil & Gas, and Media indices. Meanwhile, volatility returned with a jolt, as India VIX spiked 4.41 percent to 17.28, reflecting rising nervousness among traders, according to information.
Rupee Close:
On 19 May'25,the Indian rupee appreciated 17 paise to settle at 85.40  against the U.S. dollar on Monday (May 19, 2025), on a weak U.S. dollar index and a decline in crude oil prices.Forex traders reportedly stated global investors were also cautious as global rating agency Moody's downgraded U.S. investment grade rating, leading to a fall in dollar index.
Trading Guide:
Market experts recommended five shares to buy -Devyani International, Gujarat Mineral Development Corpn, Dreamfolks Services, Ircon International, and UCAL.

(Business Correspondent)