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KFin Tech Falls on Stake Sale; Tata Steel, Tata Motors Under Pressure on Earnings
KFin Tech Falls on Stake Sale; Tata Steel, Tata Motors Under Pressure on Earnings
Written by - Fisdom Research
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May 13, 2025
2 minutes
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Market Snapshot
Benchmark indices witnessed profit booking on May 13, following a record rally in the previous session.
The Nifty 50 slipped below 24,600, dragged down by selling pressure in IT, FMCG, auto, and banking sectors.
In contrast, the smallcap index extended its gains, showing continued investor interest in broader markets.
Capital goods, media, PSU bank, and pharma sectors saw gains in the range of 1% to 1.6%, indicating selective sectoral strength. IT, metal, FMCG, oil & gas, and realty indices declined between 0.9% and 2.5%, contributing to the overall market weakness.
Globally, Wall Street rallied overnight (May 12), with the S&P 500 hitting its highest level since early March, supported by news of a temporary US-China tariff cut agreement, which raised hopes of easing trade tensions sparked in early April by President Trump
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY MEDIA
1.7
NIFTY CONSUMER DURABLES
0.0
NIFTY PSU BANK
1.6
NIFTY REALTY
-0.7
NIFTY PHARMA
1.2
NIFTY METAL
-0.9
NIFTY HEALTHCARE INDEX
1.0
NIFTY OIL & GAS
-0.9
Top News
KFin Technologies shares declined up to 7% after promoter General Atlantic further trimmed its stake, with around 1.74 crore shares (10% equity) changing hands through multiple block deals.
Tata Steel fell over 1% as March quarter revenue declined year-on-year amid weaker realisations, despite a profit beat, with brokerages highlighting margin concerns.
Tata Motors reported a 51% drop in Q4 net profit to ₹8,470 crore but saw a rise in revenue and declared a final dividend of ₹6 per share, payable by June 24.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BEL
4.1
INFY
-3.6
JIOFIN
1.8
ETERNAL
-3.3
HEROMOTOCO
1.8
POWERGRID
-3.2
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,400
25,000
Bank Nifty
54,500
55,000
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