Indian equity markets reversed gains on Tuesday, May 13, 2025, as benchmark indices fell sharply. While the Sensex and Nifty declined over 1%, broader indices like smallcaps and midcaps ended in the green.

Key Market Movements

The Nifty 50 dropped 346.35 points or 1.39%, closing at 24,578.35, and the BSE Sensex slid 1,282 points or 1.55%, ending the day at 81,148.22.
The Nifty Bank index also weakened, falling 0.80% to settle at 54,940.85.

5 Key Takeaways from May 13 Market Session

1. Intraday Reversal

Markets opened weak and extended losses throughout the session. The Sensex fell over 1.6% intraday, and the Nifty nearly 1.5%, driven by profit booking across sectors.

2. Smallcaps and Midcaps Outperform

Contrary to the broader sell-off, BSE Smallcap jumped 482.93 points (0.99%), and BSE Midcap rose 75.23 points (0.17%), reflecting selective buying interest.

3. Top Gainers

Bharat Electronics led the gainers’ pack with a 4% rise. Other notable performers were Jio Financial Services, Hero MotoCorp, Dr. Reddy’s, and Sun Pharma.

4. Biggest Losers

Infosys was among the top laggards, slipping over 3%, followed by Zomato, Power Grid, HCL Tech, and TCS, dragging down the IT sector.

5. Sectoral Performance

Nifty IT fell 2.42%, closing at 37,354.60, the weakest among sectoral indices. Nifty FMCG also declined 1.34%, while Nifty Bank lost 442 points.

Market Sentiment and Support Zones

Analysts at Kotak Securities noted that a bearish daily candle indicates short-term weakness. However, Nifty’s support levels at 24,500 and 24,450 remain crucial. Holding these could lead to a retest of 24,800–24,900 in the coming sessions.

Volatility, Breadth, and Other Stats

• India VIX (volatility index) declined by 1%, closing at 18.20
• 1,948 stocks advanced, 937 declined, 74 unchanged
• 43 stocks hit 52-week highs, 10 hit 52-week lows
• 199 stocks hit upper circuits, while 31 hit lower circuits

Conclusion

Tuesday’s downturn marked a pause in the recent rally, with traders locking in profits from heavyweight counters. However, strength in small and midcap stocks indicates selective bullish sentiment remains. Traders should watch support levels closely and remain cautious amid global and domestic triggers.