Indian stock markets saw significant volatility on May 27, with benchmark indices ending the session in the deep red and snapping their two-day gaining streak. Sensex dropped nearly 625 points to close at 81,552, while Nifty declined 0.7 percent to 24,826.
The decline in the benchmarks was fueled by selloff in the FMCG, IT and auto sectors. Nifty Pharma however bucked the trend to close in the green.
Broader markets outperformed benchmarks to close in the green. At close, the Nifty Midcap 100 index was up 0.10 percent while the Nifty Midcap 100 index was 0.15 percent higher.
Here are the top gainers and losers:
FMCG stocks:
FMCG
The shares of FMCG companies recorded strong losses on May 27, as investors resorted to profit booking after significant rally. The sharp rise in the share prices pushed the Nifty FMCG index down nearly 0.9 percent to emerge as the top sectoral loser.
ITC shares were the top loser on the index, dropping nearly 2 percent to trade at Rs 434.70 apiece.
IT stocks:
IT stocks
Several IT stocks declined on May 27, pushing the Nifty IT index down into the red to snap its two-day gaining streak. The index was only second among the top losing sectors, after FMCG. Tata Consultancy Services (TCS), HCL Tech, Tech Mahindra, Persistent Systems and Infosys were each down around 1 percent each.
FirstCry-parent Brainbees Solutions:
Brainbees Solutions
The shares of Brainbees Solutions, the parent organisation of FirstCry, dropped around 6 percent on May 27 after the company reported a net loss of Rs 111.5 crore for the fourth quarter of FY25. Additionally, the company announced in another exchange filing that Bureau of Indian Standards (BIS) conducted searches at one of its warehouses in Bengaluru on May 26, and seized good worth Rs 90 lakh. "The Company has fully cooperated with the officials throughout the process. This has not impacted the operations of the Company, which are continuing as usual," it said.
Olectra Greentech:
Olectra Greentech
Shares of Olectra Greentech Ltd slipped as much as 14 percent to hit an intraday low of Rs 1,160 after Maharashtra's Transport Minister Pratap Sarnaik called for the cancellation of the company’s electric bus order over missed delivery deadlines.
In a post on social media platform X, Sarnaik said that the company had failed to deliver even a single bus from the 1,000 units scheduled for handover by May 22. Though he did not name the company directly, Sarnaik said officials had been directed to cancel the tender for 5,150 buses due to the supplier's inaction, raising questions about the project's viability.
IndiGo:
IndiGo
Shares of Interglobe Aviation, the operator of IndiGo Airlines, slipped over 2 percent after co-founder Rakesh Gangwal offloaded 2.26 crore shares or 5.8 percent of his stake through a block deal that fetched as much as Rs 11,928 crore, CNBC TV-18 reported, citing people familiar with the matter. The deal marks another step in Gangwal’s ongoing effort to gradually exit the airline’s holding company.
Rattanindia Enterprises:
Rattanindia Enterprises
Rattanindia Enterprises shares dropped over 4 percent after the company reported that its net loss widened to Rs 356 crore in Q4FY25 from Rs 81 crore in Q4FY24. The company's revenue from operations meanwhile rose nearly 16 percent to Rs 1,504.56 crore during the quarter under review.
Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers
Mazagon Dock Shipbuilders and Garden Reach Shipbuilders & Engineers
Shares of Mazagon Dock and Garden Reach Shipbuilders & Engineers (GRSE) gained up to 3.5% on May 27 after a report said orders to the tune of Rs 44,000 crore could soon be placed for the Navy. Citing defence ministry sources, Times of India reported on May 26 that the procurement case for 12 advanced minesweepers or mine countermeasure vessels (MCMVs) for the Navy, at an estimated cost of around Rs 44,000 crore, will soon be placed before the Rajnath Singh-led Defence Acquisition Council for the grant of “acceptance of necessity (AoN)”.
Bayer CropScience:
Bayer CropScience
Bayer CropScience shares surged nearly 11 percent on May 27 after the company reported a 49 percent on-year jump in net profit at Rs 143 crore for the fourth quarter of the financial year 2025. Revenue from operations jumped over 32 percent to Rs 104.64 crore during the quarter under review.
Along with the March quarter results, the board recommended a final dividend of Rs 35 per equity share for FY25.
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