Investors add nearly Rs 5 lakh crore on May 15 as Nifty reclaims 25,000 after 7 months

Hero MotoCorp, JSW Steel, HCL Tech, Tata Motors, and Trent were among the top gainers on the Nifty.

In a strong show of momentum, Indian equities saw a dramatic rebound on May 15, with investors walking away richer by Rs 4.72 lakh crore. A powerful rally across auto, IT and metal stocks lifted the Nifty past the 25,000 mark for the first time since October 17, 2024, snapping a 141-session wait and marking a fresh seven-month high.

The rally was broad-based, with mid- and small-cap stocks joining the party. The Nifty Midcap 100 hit a four-month high, led by Cochin Shipyard and Vodafone Idea, while the Nifty Smallcap 100 touched a three-month high. Sectoral indices lit up the screen — Nifty Auto climbed to a four-month peak, powered by Hero MotoCorp and Tata Motors. Nifty Metal surged to a one-month high with JSW Steel and National Aluminium among the top movers. Realty stocks, too, saw a strong showing, taking the Nifty Realty index to a two-week high.

Hero MotoCorp jumped 6 percent after outlining an ambitious growth roadmap for FY26, backed by rising rural demand and new EV plans. Tata Motors bounced back 3 percent after a post-earnings dip, even as Jefferies trimmed its FY26–27 EBITDA estimates. JSW Steel and Shriram Finance were also among the biggest gainers.

"The earnings have been largely in line with expectations across key sectors like banking, auto, and IT. While there are a few misses, the broader trend is stable. With results mostly behind us, the element of uncertainty has reduced. A normal-to-above-normal monsoon forecast is a big positive for consumption-led sectors. Inflation is under control, and global tariff tensions—particularly those linked to Trump—have eased, creating a calm environment for investors," said Rajesh Palviya, Head of Technical Research at Axis Securities.

Sentiment also got a boost from global cues after US President Donald Trump, speaking in Doha, said India had offered a zero-tariff trade deal to the United States. That announcement came as investors also looked forward to comments from US Federal Reserve Chair Jerome Powell, who is expected to speak later today at the Thomas Laubach Research Conference in Washington.

Meanwhile, the Nifty Bank index broke its two-day losing streak, supported by ICICI Bank and HDFC Bank. FMCG and IT indices advanced for a second straight session. The Nifty Pharma index rose for the fourth consecutive day, lifted by gains in Alkem Labs and Granules.

According to a technical note from Prabhudas Lilladher, the Nifty has near-term support around the 24,450–24,500 band. "A decisive move above 24,800 could set the stage for targets of 25,200 and 25,400 in the coming days," the brokerage said.

The Sensex, which experienced a volatile session, retested the previous day’s low near the crucial 81,000 support zone before staging a strong recovery to trade at 81,330. “The index will need to breach 82,500 to improve the overall bias,” the note added.

Hero MotoCorp, JSW Steel, HCL Tech, Tata Motors, and Trent were among the top gainers on the Nifty. IndusInd Bank was the only stock trading in the red.

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