Nifty Top Gainers And Losers On May 19: Bajaj Auto Shifts Gears, Eternal Takes a U-Turn

Mumbai, 19th May – Indian equity markets closed lower for the second straight session on Monday, weighed down by persistent selling in heavyweights like Infosys, TCS, Reliance Industries, and financial majors. The BSE Sensex slipped by 271 points to settle at 82,059.42, while the NSE Nifty 50 ended 74.35 points lower at 24,945.45, after oscillating within a narrow range of 300 points during intraday trade.

Despite broader weakness, select auto and power stocks offered some resistance. Bajaj Auto, Shriram Finance, and Power Grid Corp. led the gainers’ pack, while Eternal Ltd., Grasim Industries, and Infosys were among the biggest laggards.

Nifty Gainers and Losers (May 19)

Key Market Drivers

Bajaj Auto led from the front with a 4.10% surge, topping the Nifty 50 chart. The stock witnessed unusually high volumes—over three times its average daily turnover—reflecting increased institutional interest and positive cues from its export growth outlook.

Shriram Finance gained 1.85%, extending its recent uptrend. A combination of steady quarterly earnings and firming demand in semi-urban markets continued to bolster the stock.

Power Grid Corp. also ended strong at ₹304.05, as investor appetite remained healthy for defensive power utilities amidst market volatility. Both Hero MotoCorp and Bajaj Finance clocked modest but steady gains.

Eternal Ltd. bore the brunt of selling pressure, closing down 3.06% at ₹238.03. The stock, which had seen sharp gains in prior weeks, succumbed to profit booking amid a lack of fresh triggers.

Grasim Industries dropped 2.90%, reflecting weakness in industrials, while Infosys continued to face headwinds as tech stocks remained under pressure globally.

Tata Consumer Products and Dr Reddy’s Labs also posted losses, contributing to the downward drag on the broader index.

The broader tone remained cautious, with investors treading carefully ahead of domestic economic indicators and global macro data due later this week. Heavyweights like TCS, Reliance Industries, ICICI Bank, and L&T contributed significantly to the Sensex and Nifty declines.

Despite the overall red close, the market reflected a sectoral divergence—with select stocks outperforming even as index heavyweights faltered.

The Bottom Line

While Monday’s session was muted, it reflected a market still searching for direction amid global unease, volatile crude prices, and election-led domestic uncertainty. Defensive buying in autos and power helped cap deeper losses, but sentiment remained cautious due to weakness in large-cap IT and banking names.

With May nearing its close and macroeconomic triggers lined up ahead, investors are now keenly watching for signs of sustained momentum—or further correction.

One thing’s clear: In this tightly coiled market, stock selection—not just index watching—is key.