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Big Moves in ITC, Info Edge & Bharat Dynamics Trigger Stock-Specific Pressure
Big Moves in ITC, Info Edge & Bharat Dynamics Trigger Stock-Specific Pressure
Written by - Fisdom Research
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May 28, 2025
2 minutes
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Market Snapshot
Indian benchmark indices ended lower for the second consecutive session on May 28.
Positive global cues failed to lift sentiment, as large block deals and increased primary market activity led to fund outflows.
onsumer stocks were the major drag on the indices.
Market volatility eased further, with India VIX continuing its downward trend.
Broader markets showed a mixed performance:
The Midcap index closed in the red.
The Smallcap index outperformed frontline peers, supported by stronger earnings visibility in select segments.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
1.0
NIFTY PRIVATE BANK
-0.1
NIFTY PSU BANK
1.0
NIFTY REALTY
-0.2
NIFTY OIL & GAS
0.0
NIFTY CONSUMER DURABLES
-0.5
NIFTY IT
-0.1
NIFTY METAL
-0.6
Top News
ITC fell up to 3.5% after British American Tobacco offloaded a 2.57% stake worth ₹13,344 crore in a major block deal, marking its second such sale in recent years.
Info Edge declined over 1% despite a 647% YoY surge in Q4 net profit to ₹740 crore, driven by reclassification gains and other income, partially offset by provisions and impairments.
Bharat Dynamics dropped over 2%, snapping a two-day rally, as quarterly profit and margins contracted, though the stock remains up 21% for the month amid defence sector optimism.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
HDFCLIFE
1.5
INDUSINDBK
-1.9
BEL
1.3
APOLLOHOSP
-1.9
BAJFINANCE
1.2
ULTRACEMCO
-1.8
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,550
25,000
Bank Nifty
54,800
56,100
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