Stock Market May 22, 2025: Sensex plunges 900 pts, Nifty tests 24,500; Auto, IT, FMCG drag

Indian equity markets saw a sharp selloff on Thursday, mirroring weakness in broader Asian markets. Auto, IT, and FMCG stocks led the decline. As of 2 PM, the

Sensex had dropped 900 points (1.1%) to 80,700, while the Nifty 50 was down 277 points (1.1%) at 24,535. Top laggards on the Sensex included , , , , and , while and emerged as notable gainers. Technical charts showed and trading in the overbought zone within the Nifty 50 index. In the broader market, the BSE Midcap index was down 0.16%, whereas the BSE Smallcap edged up 0.23%. Sector-wise, selling was widespread: Nifty FMCG and Consumer Durables declined over 1% Nifty IT slipped 0.87% Nifty Pharma was down 0.9%