Metal and realty index drove the market with 1% increase
Equity benchmark indices closed positive on Thursday, following two days of downtrend, as global sentiment improved after a US court struck down Trump’s reciprocal tax policy. IT sector was in focus following upbeat earnings from US tech giant Nvidia.
However, market experts observed lack of positive domestic triggers which compelled volatile trading session. The country’s industrial production growth slowed to 2.7 per cent in April 2025 due to poor performance of manufacturing, mining and power sectors.
“After a roller-coaster activity, the Nifty ends 81 points higher, while the Sensex was up by 320 pts. Intraday profit booking was seen in selective FMCG stocks,” Shrikant Chouhan, Head Equity Research, Kotak Securities, said.
According to Vinod Nair, Head of Research, Geojit Investments Limited, the domestic market remained mostly rangebound during the day due to rising oil prices and higher US 10-year bond yields. Some recovery was seen toward the end of the session, driven by F&O expiry led covering.
Sensex ended 320.70 pts or 0.39 per cent higher at 81,633.02, and Nifty 50 settled 81.15 pts or 0.33 per cent positive at 24,833.60. Both midcap and smallcap indexes closed with marginal gains of 0.55 per cent and 0.59 per cent, respectively. Volatility index fell 8.86 per cent to 16.42.
On the sectoral front, metal, realty, pharma and IT sectors shined, while PSU Bank and FMCG indexes slipped to end in negative territory.
Metal and realty index drove the market with 1 per cent increase. Easing trade tensions expected to have favoured sectors like IT and pharma.
Top gainers & losers today
Shares of IndusInd Bank, Sun Pharmaceuticals, Eternal (Zomato), Adani Ports and Trent led the gainers of Nifty 50 components, while HDFC Life, Bharat Electronics, Tata Consumer Products, Jio Financial and Bajaj Finance ended as major laggards.
Nearly 1,510 stocks advanced and 1,373 declined of all the 2,947 stocks that were traded on the National Stock Exchange. 106 stocks including MMTC, Unimech, Nibe, Zen Technologies, Sky Gold and KPI Green Energy hit the upper circuit, while 81 stocks hit the lower circuit. GRSE, HDFC Life, Mazagon Dock, Nibe were among the 57 stocks that hit 52-week high, and 24 stocks such as Bharat Rasayan and Orchid Pharma hit 52-week low.
Waaree Energies, Cummins India, Deepak Nitrite, BDL and Paytm soared 3-8 per cent among midcap, while Welspun Corp, GRSE, ITI and Reliance Power gained among smallcap. Defence stocks Unimech, GRSE, Zen Technologies, MIDHANI, Mazagon Dock and Bharat Dynamics soared 3-10 per cent.
In addition, shares of Dee Development, Welspun Corp, Cummins India, IRCTC, SAIL and Bharat Rasayan were among stocks that reacted largely to Q4 numbers.
As per the stock exchange data, FIIs bought equities worth ₹4,662.92 crore on Wednesday. Asian markets settled in positive territory.
Rupee continued its downward trend for a third day, reflecting broader weakness across regional currencies, according to Dilip Parmar, Research Analyst, HDFC Securities.
“Market activity for the rupee remained subdued throughout the day, confined to a narrow 20-paise range as investors awaited Friday’s crucial GDP announcement. The local currency’s decline was largely attributed to the dual pressure of higher crude oil prices and a strengthening greenback,” Parmar added.
Going forward, market participants will watch out for India’s Q4 GDP data due on May 30, 2025, and the RBI’s policy decision on June 6, 2025. A latest report by ICICI Bank stated that the economy is estimated to have grown by 7 per cent year-on-year in the fourth quarter of FY25.
“In Q4 FY25, we expect GDP growth at 7 per cent, which is much higher than GVA. This should take overall GDP growth for FY25 to 6.3 per cent,” it added.
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Published on May 29, 2025
