Market Snapshot
- Broader market indices ended in the red, breaking a six-session record rally.
- The decline was led by sharp corrections in midcap and smallcap segments.
- Profit booking at elevated valuations likely triggered the sell-off, especially in smaller stocks.
- Smallcap stocks had witnessed a sharp run-up, with the index’s market capitalization rising by over ₹1.9 lakh crore during the previous six sessions.
- The recent pullback reflects investor caution after a strong rally in the broader market.
Sectoral Trends
| Sector Name | % Change | Sector Name | % Change |
| NIFTY IT | -0.5 | NIFTY PSU BANK | -0.9 |
| NIFTY METAL | -0.6 | NIFTY PRIVATE BANK | -1.0 |
| NIFTY OIL & GAS | -0.8 | NIFTY REALTY | -1.1 |
| NIFTY CONSUMER DURABLES | -0.8 | NIFTY PHARMA | -1.3 |
Top News
- Auto stocks dragged the Nifty Auto index down by over 1.5% on May 20, with major names like Hero MotoCorp, Maruti Suzuki, and Eicher Motors falling over 1.5% amid profit booking after a four-day rally.
- Defence-related stocks extended losses for a second session, with Cochin Shipyard plunging 8% and several peers like Data Patterns and BEML also seeing sharp declines.
- Hindalco reported a 10% YoY rise in standalone net profit to ₹1,561 crore for Q4, supported by strong domestic aluminium and copper performance along with lower input costs.
Top Gainers and Losers
| Top Gainers | % Change | Top Losers | % Change |
| COALINDIA | 1.6 | ETERNAL | -4.2 |
| TATASTEEL | 1.3 | HEROMOTOCO | -3.2 |
| HINDALCO | 1.2 | BAJAJ-AUTO | -2.8 |
Technical Outlook: Key Indices
| Indices Name | Support | Resistance |
| Nifty | 24,500 | 25,000 |
| Bank Nifty | 54,500 | 55,500 |
Trade Ideas Update
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