📉 Market Overview (May 13, 2025, Afternoon)

• India’s benchmark indices turned negative in the afternoon session, giving up early gains after Monday’s record rally.
• The rally was driven by the Indo-Pak ceasefire under Operation Sindoor and easing global trade tensions.

📊 Key Index Movements

• BSE Sensex fell 1,231 points (1.49%) to 81,197.
• NSE Nifty 50 dropped 322 points (1.29%) to 24,602 by 1:27 p.m.

💸 Investor Sentiment

• Overall sentiment remains positive, supported by:
  • Temporary tariff relief between the U.S. and China
  • Strong foreign portfolio investment (FPI) inflows: $1.7 billion in May so far

💊 Sectoral Spotlight

• Pharma stocks are in focus after U.S. President Donald Trump signed an executive order to cut drug prices.

⚠️ Analyst View

• Monday’s rally was primarily driven by short-covering and retail investor enthusiasm.
• Lack of strong institutional buying may limit further upside in the short term.