Indian Stock Market Sees Decline on May 15: Key Gainers and Losers
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
Mint
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On May 15, Indian stock markets closed lower, with the Nifty down 0.18% at 23,646 and the Sensex down 0.25% at 75,210. Key losers included HUDCO, Muthoot Finance, and Nava, primarily due to disappointing Q4 results, while the Indian rupee hit a record low against the US dollar.
- 01The Nifty 50 and Sensex recorded weekly losses of 2.22% and 2.65%, respectively, ending two weeks of gains.
- 02The Indian rupee fell to a record low of 96.14 against the US dollar, driven by high crude oil prices and foreign investor selling.
- 03Nava's shares dropped 10.7% to ₹628 after disappointing Q4 results, making it the top loser among NIFTY 500 stocks.
- 04HUDCO's stock fell 7.5% to ₹206, while Muthoot Finance saw a decline of 6.2% to ₹3,311 due to lower-than-expected quarterly performance.
- 05Heavy selling in metal stocks occurred amid concerns over prolonged high interest rates from the US Federal Reserve.
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On May 15, Indian stock markets experienced a downturn, with the Nifty 50 closing at 23,646, down 0.18%, and the Sensex at 75,210, down 0.25%. This decline was influenced by strong selling pressure in financial and metal stocks, overshadowing gains in the IT and select consumer goods sectors. Over the week, both indices recorded losses of 2.22% and 2.65%, marking an end to two consecutive weeks of gains. The Indian rupee further weakened to a record low of 96.14 against the US dollar, impacted by a stronger dollar and elevated crude oil prices, along with significant selling from foreign portfolio investors (FPIs), who have sold over ₹2.20 lakh crore worth of Indian stocks in 2026 alone.
Among the notable losers, shares of Nava plummeted 10.7% to ₹628 following disappointing Q4 results, while HUDCO and Muthoot Finance saw declines of 7.5% and 6.2%, respectively. The metal sector also faced heavy selling, with Hindustan Copper dropping 6% and other major companies like Vedanta and Tata Steel declining by 1.7% to 2.3%. The market remains cautious amid fears of prolonged high interest rates from the US Federal Reserve.
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The decline in the stock market and the falling rupee could lead to increased costs for imports and affect consumer prices, particularly in sectors reliant on foreign goods.
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