First Trade: Nifty opens weak by 98 points; IT stocks top laggard

Indian equities in Thursday’s session (May 22, 2025) amid sector rotation opened lower. At the opening bell, Nifty50 started trade lower by 98 points – hovering near 24,700 levels.

Stocks in news today:

Results 

NIFTY: Grasim (Variable), ITC (Variable), Sun Pharma (post-market),   

FNO: Concor (post-market), HFCL (post-market), Ramco Cements (1 pm – 3 pm), GMR Airports (post-market) 

Concor: Board Meeting to consider a bonus issue and results 

Tata Altroz to be launched @ 11am 

Max India: Right Issue to Close (Right Issue Period: 7 – 22nd May, Issue Price: 150/share, Ratio: 19 shares for every 100 shares held) 

M&M Financial Services: Right issue to open (Period: 22nd May – 6th June, Issue Price: 192, Ratio: 1 Equity share for every 8 shares held) 

SEBI Chairman Tuhin Kanta Pandey to address 16th Capital Market Conference @ 10am 

Ex-Date 

Aditya Birla Fashion and Retail: Demerger into Aditya Birla Lifestyle Brands (1: 1) 

Ashok Leyland: The commercial vehicle major will trade ex-dividend for an interim dividend of Rs 4.25 per share.

Asian markets

Most Asian stocks fell in Thursday’s session mirroring sharp losses in the overnight session on Wall Street as heightened concerns over the US economy remained. Technology stocks bore the most brunt.