Markets end another day in red

Indian markets close with declines

May 25, 2022 3:48 IST | India Infoline News Service
Indian equity markets ended another day in red today.  NSE Nifty ended the day down by around 99 points. BSE Sensex ended the day down by around 303 points.  Top gainers today were NTPC, HDFC Life, SBI life etc. Top losers today were Asian Paints, Adani Ports, Divi’s Lab etc.

Markets continue to be bogged down by negative sentiments regarding the state of the economy. Government is resorting to the route of curbing exports for controlling inflation in commodity prices. Increased government intervention in the economy comes with its own concerns. It can lead to macroeconomic instability. The prospect of a much larger and painful recession at both the local level and global level looks more real now.

Asian Paints’ stock saw a sharp decline today because of Grasim’s announcement regarding increasing capital expenditure (capex) in its paints business. This increased capex will go towards increasing its production capacity. This will intensify competition in the paints industry.

NTPC’s stock gained because of surging demand for electricity. NTPC is better equipped to deal with the coal shortage than many other power production companies because of its own captive coal mines.

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