ABFRL Demerger, IndiGo Earnings Soar, ONGC Slips Post Q4
Written by - Fisdom Research
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May 22, 2025
2 minutes
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Market Snapshot
Indian benchmark indices Sensex and Nifty witnessed a sharp decline, aligning with a broad-based global sell-off.
The downturn was triggered by rising U.S. bond yields and renewed concerns over America’s fiscal stability.
Investor sentiment was rattled following Moody’s recent downgrade of the U.S. sovereign credit rating.
The sell-off intensified after a U.S. House committee approved Trump-backed tax cuts, adding to fiscal uncertainty.
The correction was broad-based, impacting large caps as well as midcap and smallcap stocks, leading to a market-wide rout.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
1.1
NIFTY REALTY
-0.5
NIFTY PRIVATE BANK
-0.2
NIFTY PSU BANK
-0.6
NIFTY METAL
-0.3
NIFTY PHARMA
-0.9
NIFTY HEALTHCARE INDEX
-0.4
NIFTY AUTO
-1.0
Top News
Aditya Birla Fashion and Retail (ABFRL) fell over 66% on May 22 due to a technical adjustment, as the stock turned ex-demerger following the spin-off of its lifestyle brands into a new listed entity, Aditya Birla Lifestyle Brands, with shareholders receiving shares in a 1:1 ratio.
InterGlobe Aviation (IndiGo) rose in a weak market after posting a 62% YoY jump in Q4 net profit, with brokerages raising price targets as strong demand drove yields and led to an 18% EBITDAR beat.
ONGC declined nearly 2% after reporting a 20% YoY drop in Q4 net profit to ₹8,856 crore, alongside marginally lower revenue and steady production figures
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
INDUSINDBK
1.8
ONGC
-2.7
JSWSTEEL
0.7
M&M
-2.4
BAJAJ-AUTO
0.7
HINDALCO
-2.0
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,445
25,000
Bank Nifty
54,550
55,500
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