Market Summary:
After a strong rally on May 12, Indian stock markets saw a decline on May 13, 2025. The Sensex fell by 1.39%, while the Nifty dropped 1.55%, marking a sharp reversal. In contrast, broader markets remained flat throughout the session.

Sector Performance:
Some sectors ended in the green, including capital goods, media, PSU banks, and pharma, gaining between 1% and 1.6%.
However, IT, FMCG, metal, oil & gas, and realty sectors saw notable losses, declining between 0.9% and 2.5%.

Top Gainers

• IIFL Finance surged 5% after HSBC upgraded its rating to Buy and forecasted a 42% upside. The stock has gained 18% in the last five sessions.
• Cochin Shipyard rose over 4% intraday, extending its winning streak after a partnership with Drydocks World to enhance India’s ship repair and fabrication sector.
• Hero MotoCorp increased 3% after posting better-than-expected earnings. Its net profit rose 6.4% YoY to ₹1,081 crore for the March quarter.
• Aurobindo Pharma and Glenmark gained 3.4% and 3%, respectively, after a positive announcement from President Trump regarding a 59% cut in drug prices.
• Defense stocks like BDL, BEL, HAL, and others surged up to 10% after PM Modi promoted ‘Made in India’ defense manufacturing. BDL led the rally, boosting the Nifty India Defence index by 4%.

Top Losers

• Tata Motors slipped 2.01% on expectations of a weak quarterly performance, with volumes down across multiple segments.
• Bharti Airtel dropped 2.5% after estimates pointed to lower revenue due to its exit from the wholesale messaging business.
• Tata Steel declined nearly 2% following a drop in Q4 revenue, prompting a cautious stance from brokerages.
• KFin Technologies plunged 7% after promoter General Atlantic Singapore Fund further reduced its stake, following a 6% sell-off in May 2024.
• Swiggy fell 6% as its pre-IPO lock-in period ended. The company also reported a ₹1,081 crore loss in Q4, adding pressure to its stock.

Conclusion:
The market saw profit booking and sector rotation after a strong run-up, with IT and FMCG leading the losses. On the other hand, defense and pharma stocks showed strength due to policy boosts and positive global cues. Investors are advised to stay alert to earnings trends and policy updates.