The BSE Sensex<\/span><\/span> erased nearly 550 points from the day\u2019s high before settling 114 points lower at 75,200.85. The Nifty 50<\/span><\/span> slipped 31.95 points to close at 23,618.<\/p>\n Markets started the session on a positive note, but late selling in banking and heavyweight stocks dragged indices into the red.<\/p>\n Read More<\/span> : Vodafone Idea Shares Jump 6% as SBI-Led Funding Talks Boost Investor Confidence<\/a><\/p>\n The market reversed sharply in the second half of the session mainly because traders started booking profits near key resistance levels while global risk sentiment remained weak.<\/p>\n Here were the biggest triggers behind the late selloff:<\/p>\n Technical analysts also pointed out that the hourly RSI remained in a bearish crossover, signalling weakening momentum during the latter half of the session.<\/p>\n The Nifty climbed to an intraday high of 23,782 but failed to sustain above the crucial 23,800 resistance zone.<\/p>\n Analysts said traders turned cautious near higher levels and preferred booking profits ahead of weekly F&O expiry.<\/p>\n \u201cThe index faced resistance near the 20 EMA, which triggered profit booking in the latter half of the session,\u201d said Rupak De.<\/p>\n Technical charts also signalled weakness as the Nifty formed a bearish candle with selling pressure visible near resistance levels.<\/p>\n Global market weakness also impacted investor confidence.<\/p>\n Asian markets traded lower, while Wall Street futures declined up to 0.6%, signalling weak global risk appetite.<\/p>\n At the same time, the Indian rupee settled at a fresh record low of 96.53 against the US dollar amid rising crude oil prices and higher US treasury yields.<\/p>\n Analysts said rising US bond yields and fears of another Federal Reserve rate hike kept investors defensive.<\/p>\n Technology stocks remained the biggest support for the market during the session.<\/p>\n The Nifty IT<\/span><\/span> index surged more than 3%, extending its two-day rally to nearly 6%.<\/p>\n Strong buying was seen in:<\/p>\n Infosys emerged as the top gainer on the Sensex, rising over 4.5%.<\/p>\n Private banking and consumption stocks remained under pressure throughout the session.<\/p>\n Major losers included:<\/p>\n The Nifty Bank<\/span><\/span> also closed lower after trading in a narrow range.<\/p>\n Today, the volatility index India VIX<\/span><\/span> declined 4.86% to settle at 18.68.<\/p>\n Despite the decline, analysts said volatility remains elevated as long as India VIX stays above the 17 mark.<\/p>\n Broader market sentiment remained relatively positive despite weakness in benchmark indices.<\/p>\n Today\u2019s market weakness was mainly driven by:<\/p>\n Analysts said traders remained reluctant to take aggressive directional positions ahead of expiry.<\/p>\n For traders, the market continues to remain in a sideways-to-bearish phase unless the Nifty decisively crosses 23,800.<\/p>\n Analysts see immediate support near 23,400, while 24,000 remains a crucial resistance level based on monthly options data.<\/p>\n For investors, volatility may remain elevated in coming sessions due to global uncertainty, currency weakness, and rising bond yields.<\/p>\n However, strong momentum in IT stocks and broader market participation may continue offering selective opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":" Indian benchmark Sensex and Nifty slips on May 19 after a volatile trading session, as investors booked profits at higher levels despite strong gains in IT stocks. Index Price Change % Chg Nifty 50 23,618.00 31.95 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -0.14% Nifty Bank 53,409.15 127.85\u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 -0.24% Nifty Financial 25,283.40 66.35 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 […]<\/p>\n","protected":false},"author":4,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[1375,1992,1994,1962,1991,1768,1990,1993,1724,1989,1677,1725,1766],"ppma_author":[1331],"class_list":{"0":"post-26334","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news","8":"tag-bank-nifty","9":"tag-bse-sensex","10":"tag-india-vix","11":"tag-indian-stock-market-news","12":"tag-market-profit-booking","13":"tag-nifty-50","14":"tag-nifty-falls","15":"tag-nifty-it","16":"tag-nifty-today","17":"tag-sensex-falls","18":"tag-sensex-today","19":"tag-share-market-news","20":"tag-stock-market-today"}," _eael_post_view_count":0,"authors":[{"term_id":1331,"user_id":4,"is_guest":0,"slug":"sourabh","display_name":"Sourabh Sharma","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/11\/Sourabh-Sharma.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/26334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=26334"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/26334\/revisions"}],"predecessor-version":[{"id":26342,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/26334\/revisions\/26342"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/26339"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=26334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=26334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=26334"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=26334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Late](\"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2026\/05\/Late-Selloff-Triggers-Stock-Market-Down.png\")
What triggered the late selloff?<\/h2>\n
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Profit booking near key resistance kept bulls under pressure<\/h2>\n
Weak global cues and rupee decline hurt sentiment<\/h2>\n
IT stocks outperformed despite market weakness<\/h2>\n
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Banking stocks and heavyweights dragged indices lower<\/h2>\n
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Top 5 Stocks Gainers<\/h2>\n
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Top 5 Stocks Losers<\/h2>\n
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Top 5 Sector Gainers<\/h2>\n
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Top 5 Sector Losers<\/h2>\n
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India VIX cools but volatility concerns remain<\/h2>\n
Daily Market Action<\/h2>\n
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What impacted the market today?<\/h2>\n
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What impact could this have on investors and traders?<\/h2>\n