Extending their decline for a second straight session, India’s key stock indices—the Sensex and Nifty 50—ended lower on Monday, May 19, influenced by weak global market trends.
The Sensex fell by 271 points, or 0.33%, to close at 82,059.42, while the Nifty 50 dropped 75 points, or 0.30%, to settle at 24,944.45.
Despite the broader market weakness, mid- and small-cap stocks continued to outperform. The BSE Midcap index gained 0.27%, and the BSE Smallcap index rose 0.75%.
The Nifty 50 slipped below the 25,000 level, and the India VIX, a measure of market volatility, surged by nearly 5%, reflecting investor caution.
Analysts noted that the Nifty 50 has been forming narrow-range candlestick patterns on the daily charts over the past few sessions. Additionally, the hourly momentum indicator has shown a negative crossover, suggesting the market may enter a phase of consolidation in the near future.
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