Closing Bell | Sensex Ends 769 Points Higher, Nifty Above 24,850; Eternal, PowerGrid, ITC, Bajaj Finserv Among Top Gainers

Sensex Today| Dilip Parmar – Senior Research Analyst, HDFC Securities. 

The rupee experienced its most significant single-day gain since November 11, 2022. This upward movement was primarily fueled by a weaker U.S. dollar and a strong performance in the domestic equity market. Additionally, the central bank's efforts to encourage foreign investment in corporate bonds, providing short-duration liquidity, further bolstered the rupee's appreciation. Looking ahead, the spot USDINR is expected to find support at 84.94 and face resistance at 86.15.

Sensex Today| Vinod Nair, Head of Research, Geojit Investments

The domestic market has recouped nearly half of the week’s losses, supported by gains in FMCG and IT stocks. FMCG benefitted from the early and above-normal monsoon forecast, while IT stocks saw a rebound following a healthy correction. Optimism around a potentially record-high dividend from the RBI is boosting hopes for fiscal consolidation, reflected in falling Indian bond yields. Investor attention is further revolving around US-India trade talks and strong domestic macroeconomic indicators. However, recent FII outflows, driven by rising US bond yields amid concerns over mounting US debt, may weigh on the market sentiment.

Sensex Today|  Prasanna Pathak, Managing Partner, The Wealth Company

The temporary easing of US-China tariffs has given a much needed breather to global markets, driving broad-based gains across sectors from metals to technology. This development is particularly beneficial for industries most exposed to trade tensions. However, while near-term sentiment has improved, investors should maintain a measured perspective. Persistent inflationary pressures, uncertain rate trajectories, and the need for earnings validation remain key considerations. In this environment, we advocate a balanced approach: selectively participating in cyclical opportunities while maintaining allocations to high-quality defensive positions. Market optimism should be met with disciplined investing—short-term rallies notwithstanding, sustainable wealth creation remains a long-term endeavour.

Sensex Today| Rupak De, Senior Technical Analyst at LKP Securities

The index has moved higher after finding support at the 21-day EMA. Broadly speaking, the Nifty appears to be consolidating within the range of 24,700–25,000. The short-term trend remains positive, with momentum likely to strengthen above 25,000. A decisive breakout above this level could give the bulls an upper hand and potentially trigger a rally towards 25,250–25,350. On the downside, the index has support at 24,700; a break below this level could attract bearish bets.

Sensex Today| Ajit Mishra – SVP, Research, Religare Broking

Markets witnessed some respite on the final trading day of the week, gaining nearly a percent amid mixed cues. After a flat start, the Nifty saw a noticeable surge during the early hours of trade, followed by a range-bound move till the close. It eventually settled at 24,853, up by 0.99%.All key sectors, except pharma, contributed to the up move, with FMCG, financials, and IT emerging as the top gainers. The broader indices also advanced, gaining over half a percent each.

The rebound reflects positive sentiment despite mixed global cues, as participants are using dips to accumulate quality stocks across sectors. Technically, the recovery after retesting the crucial short-term support level — the 20-day exponential moving average (20 DEMA) — has eased some pressure. The outlook could improve further with renewed strength in the banking and financial sectors after their consolidation phase. We maintain our view of adopting a “buy on dips” strategy, with a focus on selective stock picking, unless the Nifty decisively breaks below the 24,500 mark.

Sensex Today| Shrikant Chouhan, Head Equity Research, Kotak Securities:

The Nifty-50 Index and Sensex each lost around 0.75% each in the past week. While midcap (-0.45%) and small cap (+1%) index outperformed during the same period. Global equities remained mix on expectations of a steady ramp-down of US tariffs. Moody’s downgrade of the US credit outlook and renewed fiscal concerns in major economies, coupled with mixed economic cues from China, kept the markets on edge.

Sector-wise, most indices ended in red with Consumer Durable (-1.9%), IT (-0.9%), Auto (-1.7%), FMCG (-0.8%), Oil and gas (-0.6%) and Power (-0.2%) sectors as major sectoral losers. While sectors including Capital goods (+0.5%), Real Estate (+2.4%) and Metal (+0.6%) reported gains for the week. Bank Nifty ended flat. Within the Nifty, BEL (+5.9%), HDFC Life (+3.9%) and Tata Steel (+3.4)  gained the most, while Grasim (-4.6%), M&M (-3.9%) and Maruti Suzuki (-3.9%) lost the most. The Q4FY25 earnings season remains uninspiring, with aggregate earnings growth of the Nifty-50 Index at 5.8% yoy till now. Both DIIs and FIIs were net buyers during the week.

In International, the 30-year Treasury bond yield touched a high of 5.161%, its highest level since October 2023. The rate on the 10-year Treasury note at one point breached 4.6%. UK retail sales jump by 1.2% in April — beating expectations. Japan’s core inflation climbs to 3.5%, highest in more than 2 years.

Experts believe a mix of global and domestic factors have triggered the sharp reversal in the FII sentiment, and one of them is a steep rise in bond yields globally, particularly in the United States and Japan. ...Read More

Closing Bell | Sensex Ends 769 Points Higher, Nifty Above 24,850; Eternal, PowerGrid, ITC, Bajaj Finserv Among Top Gainers

Equity benchmarks closed sharply higher, with the Sensex rising 769 points and the Nifty settling above the 24,850 mark. Eternal, PowerGrid, ITC, Bajaj Finserv were among the top gainers.

Among sectoral indices, Nifty FMCG led the rally with a 1.6 percent gain, followed by Nifty Private Bank and Nifty IT, which rose 1 percent each. Nifty Bank added 0.8 percent, while Nifty Metal and Nifty PSU Bank advanced 0.7 percent and 0.5 percent respectively. On the flip side, Nifty Pharma was the only notable laggard, slipping 0.4 percent.

Currency Check| Indian rupee extends gains to 1%; trades at 85.17 a dollar

Earnings Update | Ashok Leyland Q4 results announced

Ashok Leyland Q4

#1 Net Profit At Rs 1,246 Crore

#2 Revenue At Rs 11,906.7 Crore

#3 EBITDA At Rs 1,791 Crore

#4 EBITDA Margin At 15%

Stock Market LIVE Update

Stock Market LIVE Update | Allied Digital gets Rs 800 million follow-up order for Pune smart city

Brokerage Call | Greenpanel raised to 'Buy' at BOB Capital Markets

Greenpanel raised to 'Buy' at BOB Capital Markets with a target price of Rs 300 which implies a 17% increase from last price

Earnings Update | AIA Engineering releases Q4 results

#1 Net Income at Rs 2.85 billion (9.2% higher, YoY)

#2 Revenue at Rs 11.6 billion (0.9% higher YoY)

#3 Total costs at Rs 8.91 billion (0.8% higher YoY)

#4 Other Income Rs 922 million (21% higher YoY)

#5 Dividend per share at Rs 16

Analyst Recommendations: 4 buys, 5 holds, 4 sells

IPO Buzz | ArisInfra plans IPO of around $59 million

ArisInfra plans IPO of around $59 million over the next few weeks, says IFR

Stock Market LIVE Update | Max Financial shares up over 4%; most in 10 weeks

Stock Market LIVE Update | PC Jeweller jumps 6%, most in 17 months

Stock Market LIVE Update | OLA Electric shares at a gain of 4%

Stock Market LIVE Update | Eternal shares rise sharply by 5%

Stock Market LIVE Update | Tbo Tek shares jump 10%, highest in 10 weeks

The potential inversion of India-US yields could be more than a statistical anomaly - it may signal the beginning of a long-term shift in global economic leadership....Read More

Stock Market LIVE Updates | Top losers on the Nifty 500 index

Stock Market LIVE Updates | Top contributors to the Nifty 50 index

Indian mutual fund industry’s AUM crosses Rs 70 lakh crore milestone: ICRA Analytics

Data from the Association of Mutual Funds in India (AMFI) showed that the assets under management (AUM) of the Indian mutual fund industry grew by 22.25% YoY in Mar 2025 to reach the Rs 70 lakh crore mark. AUM of open-ended “other schemes” witnessed the highest YoY growth of 23.80% in April 2025, followed closely by open-ended equity schemes (23.57%) and hybrid schemes (20.74%). “Other schemes” comprise index funds, ETFs and FoF investing overseas.

Stock Market LIVE Updates | Most active stocks on the Nifty 50 index

IT stocks led the charge, rebounding from global concerns, while the Nifty Pharma index underperformed due to Sun Pharma’s cautious guidance...Read More

Stock Market LIVE Updates | Stocks under 200-DMA levels

Max Estates held an optimistic outlook for the ongoing FY26, planning to deliver pre-sales in the range of Rs 6,000-6,500 crore....Read More

Markets@12 | Nifty, Sensex hold firm in green, broader markets lag benchmarks

Stock Market LIVE Updates | Top gainers on the Nifty 500 index

Sensex Today | Bondada Engineering shares hit upper circuit

Bondada Engineering shares rally as Andhra Pradesh government approves proposal to establish solar power projects for Rs 9,000 crore

Nilesh Shah of Kotak Mahindra AMC expects gradual improvement in earnings over the next few quarters for corporate India....Read More

Sensex Today | Indoco Remedies gets final approval from the USFDA for allopurinol tablets USP 200 mg

Stock Market LIVE Updates | Stocks at upper circuit on the NSE

Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal on gold prices

"Gold prices slipped, posting their first daily loss in three sessions, as a stronger U.S. dollar, updates on President trump’s tax bill and investor profit-taking weighed on the metal. Earlier in the day, gold had touched a two-week high, but gains quickly faded as the dollar index rose 0.3%, against major crosses. Surge in dollar followed the narrow passage of President Donald Trump’s sweeping tax bill through the U.S. House of Representatives, a move that reignited concerns over the country’s ballooning fiscal deficit."

IPO Check | Belrise Industries IPO subscribed at 5 times at 11:10 AM (Day 3)

QIB – 0.8 times

NII – 17.15 times

Retail – 2.19 times

Overall – 5 times

RBI Governor Sanjay Malhotra said it is crucial for India to diversify and not be overly dependent on few countries. 'This is the time for diversification of the trade basket,' he told ToI....Read More

Stock Market LIVE Updates | Stocks that have hit their 52-week high

IT stocks surged on May 23 after Bernstein projected a strong rebound for the sector, backed by stable demand, AI adoption, and robust deal momentum. ...Read More

Sensex Today |Waaree Energies down nearly 10% after US House Republican Party advances tax bill including faster phase-out of solar tax credits

Honasa Consumer posted a 13 percent year-on-year (YoY) increase in revenue from operations in the March quarter. ...Read More

Stock Market LIVE Updates | Most active stocks on the Nifty 500 index

Markets have drifted into uncertain territory, making it tough for investors to decide on the next move. At such times, fundamentals may provide direction...Read More

IPO Check | Belrise Industries IPO subscribed at 3.06 times at 10:00 AM (Day 3)

• QIB – 0.73 times
• NII - 9.5 times
• Retail – 1.64 times

Overall – 3.06 times

Sensex Today| GMR Airport stock fell over 2% after reporting net loss of Rs237 crore in Q4

At the time of its insolvency admission, BPSL had outstanding liabilities exceeding Rs 45,000 crore. JSW Steel had submitted the highest bid for the company during the resolution process....Read More

Sensex Today| ITC shares jump following in-line Q4 earnings

Sensex Today| Enviro Infra Engineers up 9%, most in four months

Sensex Today| Lloyds Engineering has 26.8 mln shares or 2.3% stake change hands in a block: Bloomberg

Sensex Today| Nestle India, IndusInd Bank to exit Sensex Index

Sensex Today| Bharat Electronics to enter in Sensex index

Sensex Today| Trent to enter in Sensex index

Sensex Today| Patel Engineering JV gets Rs 960 crore irrigation project

Sensex Today| Sun Pharma down over 4% after Q4 net profit falls over 19% YoY

Currency Check| Rupee Opens Steady Against US Dollar

The Indian rupee opened little changed against the US dollar, trading at 86.02 per dollar compared to its previous close of 86.00.

Sensex Today| VK Vijayakumar, Chief Investment Strategist, Geojit Investments Views Market Losing Steam Amid FII Pullback and Global Yield Spike

After the 14 percent pull back from the March lows the market is struggling to find direction. It appears that the sustained FII buying which played the important role in this rally has run out of steam. The big FII selling on 20th and 22nd of this month indicates that the FIIs may again turn sellers if the global environment turns unfavourable. There are some global concerns arising out of the sharp rise in bond yields in US and Japan. Particularly the sharp spike in US bond yields with the 30-year yield touching 5.14 % and the 10-year yield at 4.52% reflect concerns surrounding the US debt levels and its fall out on global financial markets. It remains to be seen how this pans out.

The silver lining from the market perspective is India’s strong macros particularly the resilient growth and declining inflation and interest rates. Even when the market turns weak domestic demand driven segments like financials, telecom, aviation etc are resilient and this is reflected in the strength in the stock prices of the big boys in these segments like ICICI Bank, Bharti Airtel and Interglobe Aviation. This message from the market is important

Sensex Today| Akshay Chinchalkar, Head of Research, Axis Securities, Views Nifty at Crucial Support; Close Above 24,946 Key for Bulls

The Nifty ended 204 points lower yesterday, closing at the all-important 24610 level. Technically speaking, yesterday's recovery has traced a candle with a long lower shadow and took support at the lows from last Thursday's candle, when the Nifty ended above 25k. Support lies between here and all the way down till 24050, where the 200-day average sits. On the upside, bulls need a close above Wednesday's high of 24946 to eliminate the risk of a bigger drop. Speaking macros, the volatility seen in the US and Japanese bond markets remains a key headwind.

Sensex Today| SBI Securities Research: Expect a flat to positive start for our market today

The benchmark equity indices yesterday closed lower as Nifty 50 dropped over 200 points amid weak global cues and heavy FII selling. The broader markets however marginally outperformed, but the breadth was largely in the favour of declines. FIIs net sold Rs 5,045 cr while DIIs net bought Rs 3,715 cr in the cash market yesterday.

The US equity market overnight ended mixed. While the Dow and the S&P 500 closed on a flat note, Nasdaq closed with gain of 0.3%. The dollar index continues to trade below the 100 level while 30 year treasury yield jumped to highest since Oct 2023 at 5.2% on the backdrop of ballooning US deficits weighing on the sentiment in the US bond market. In US, House members approved the bill that includes lower taxes and additional military spending which could further raise the US government debt. The Asian markets are currently trading on a positive note and hence expect a flat to positive start for our market today.

Sensex Today| Lloyds Engineering has 26.8 mln shares or 2.3% stake change hands in a block: Bloomberg

According to Bloomberg, 26.8 million shares of Lloyds Engineering, representing a 2.3% stake, changed hands in a block deal.

While valuations have seen some moderation across the broader market, most sectors continue to screen to be reasonably to expensively valued, said HDFC AMC's Srinivasan Ramamurthy....Read More

Sensex Today| Prashant Tapse says Nifty eyes consolidation with positive bias amid eased global pressures

In yesterday’s session, Nifty came under pressure but showed resilience with bargain hunting at lower levels, ultimately closing off its intraday lows. This Friday morning, Gift Nifty is trading steady, hinting at likely consolidation with a positive bias. Encouragingly, the selling pressure from global cues—mainly driven by rising U.S. Treasury yields and fiscal concerns—seems to have eased. As long as Nifty holds above its key support at 24,386, the intraday bias remains neutral to positive with immediate upside targets at 25,000. Key stock-specific action today includes Sun Pharma's Q4 profit drop, ITC’s sharp gain from a one-time exceptional item, and momentum in TTML on news of potential capital infusion. Watch for Q4 results from Ashok Leyland, BEML, Glenmark, GNFC, and JSW Steel. FIIs were net sellers by Rs. 5,045 crore, while DIIs bought Rs. 3,715 crore. Trading ideas: bullish bias on Nifty and Bank Nifty with aggressive targets, and ABB stands out as a strong interweek buy on oversold signals.

Currency Check| Anil Kumar Bhansali: Rupee Dips to 86.1175 as Stop-Losses Triggered; Exporters Should Sell on Dollar Upticks

The Indian rupee weakened to a low of 86.1175 after breaching the 85.70 mark, triggering stop-loss orders. The demand for the U.S. dollar is being driven largely by foreign portfolio investors (FPIs), oil companies, and select government and defence-related payments. Despite the dip, fundamentals remain supportive, with India's recent Services PMI exceeding expectations, reinforcing a continued strategy to sell the dollar. The rupee is expected to trade within a range of 85.75–86.25 today, with exporters advised to sell on dollar upticks, while importers should remain vigilant for favorable levels. The rupee opened the day at approximately 85.94.

Nilesh Shah of Kotak Mahindra AMC expects gradual improvement in earnings over the next few quarters for corporate India....Read More

IPO Watch| Belrise Industries IPO fully subscribed on Day 2; NII, retail investors lead

Belrise Industries initial public offer (IPO) got fully subscribed at 1.84 times on the second day of issue on Thursday. The Rs 2,150-crore initial share sale of automotive components maker received bids for over 32.62 crore shares against 17.70 crore shares on offer. The Belrise Industries IPO, with a price band of Rs 85-90 per share, will conclude on May 23.

The non-institutional investors' portion was booked 5.25 times while the retail individual investors' category was subscribed 1.10 times. Qualified institutional buyers' part received 59 percent subscription.

IPO Watch| Borana Weaves IPO subscribed 149 times on Day 3; NII portion booked 237 times

The public issue of Borana Weaves continued to see strong interest from investors on May 22, the third and final day of public bidding. The Rs 145-crore IPO of the textile company was subscribed nearly 149 times within the three days, with non-institutional investors (NII) overtaking retail investors by booking their reserved portion by a whopping 237 times.

The IPO received bids for 54.89 crore shares, as against its offer size of 36.89 lakh shares, according to data available on the NSE. While NIIs took the lead, retail investors followed closely by subscribing their reserved portion by over 200 times. The portion reserved for Qualified Institutional Buyers (QIBs) meanwhile was subscribed over 87 times times.

IPO Watch| Scoda Tubes IPO opens May 28 with Rs 220 Crore fresh issue; listing set for June 4

Scoda Tubes' Initial Public Offering (IPO) will open on May 28 and close on May 30, with a price band set at Rs 130–140 per share. The offering comprises a fresh issue totaling Rs 220 crore. The anchor book will open on May 27, while subscriptions for both retail and non-retail investors will close on May 30. Share allotment is expected to be finalized by June 2, and trading on the stock exchanges is scheduled to commence from June 4.

Stocks to Watch, 23 May: Stocks like TD Power Systems, MITCON Consultancy & Engineering Services, Trent, Bharat Electronics, Nestle India, IndusInd Bank, Power Mech Projects,Metro Brands, MTAR Technologies, Honasa Consumer, Sun Pharmaceutical Industries, and ITC will be in focus on May 23....Read More

Earnings Today| JSW Steel, Ashok Leyland, Glenmark Pharma set to announce Q4 earnings today

JSW Steel, Ashok Leyland, Glenmark Pharmaceuticals, Aditya Birla Fashion and Retail, Afcons Infrastructure, Apollo Micro Systems, Ashoka Buildcon, Balkrishna Industries, BEML, Cello World, Concord Drugs, Exicom Tele-Systems, Finolex Industries, Narayana Hrudayalaya, Transrail Lighting, and West Coast Paper Mills will release their quarterly earnings on May 23.

Sensex Today| Sensex Rejig: Trent, Bharat Electronics In; Nestle India, IndusInd Bank Out

Asia Index Pvt Ltd, a subsidiary of BSE Ltd, has announced a key reshuffle in its benchmark indices, with changes set to take effect on June 23, 2025. As part of the reconstitution, Trent Ltd and Bharat Electronics Ltd will join the BSE Sensex, replacing Nestle India Ltd and IndusInd Bank Ltd in the 30-stock index.

In the broader BSE 100 index, three new entrants—Dixon Technologies (India) Ltd, Coforge Ltd, and Indus Towers Ltd—will replace Bharat Forge Ltd, Dabur India Ltd, and Siemens Ltd. The move reflects evolving market dynamics and shifts in sectoral performance.

The Nifty50 managed to defend the crucial 24,450–24,500 zone on a closing basis. This zone remains pivotal, as a breakdown could push the index further down toward 24,350, while holding above this level may open the path for a rebound towards the 24,800–24,900 range, according to experts....Read More

Sensex Today| GIFT Nifty signals tepidly positive start for Indian markets

GIFT Nifty futures pointed to a mildly upbeat opening for Indian equities, trading 0.12% higher—up 30 points—at 24,683.5. The marginal gains suggest a cautious yet positive tone as markets look to stabilize amid global uncertainties.

Markets on Thursday| Sensex, Nifty sharply lower amid global selloff, US deficit fears

A broad selloff in global equities amid rising concerns over the proposed US tax bill that may widen the federal deficit weighed on Indian share market, dragging it lower by over three-fourth of a percent, even as the Rupee weakened against the dollar past the 86 level on May 22.

The benchmark Sensex fell 0.79 percent, losing 644.64 points to settle at 80,951.99, while the Nifty dropped 0.82 percent, or 203.75 points, to close at 24,609.70.

Asian markets| Asian stocks edge higher as treasury rebound calms fiscal jitters

Asian equities posted modest gains Friday, buoyed by a rebound in U.S. Treasuries and the dollar that helped ease investor concerns over American fiscal policy.

A key regional index rose 0.4%, supported by advances in Japan, Australia, and South Korea, reflecting a cautiously improved risk sentiment across Asia-Pacific markets.

Global Markets| Wall Street wavers as treasury turmoil rekindles fiscal fears

Wall Street faltered as investor confidence took a hit following a sharp Treasury selloff driven by mounting fiscal concerns. Stocks ended a choppy session lower, while bonds and the dollar gained ground.

The volatility in the Treasury market was fueled by fears over the United States’ escalating debt levels, intensified by Moody’s Ratings downgrade of the country’s sovereign credit on Friday. Investors also remain wary of potential deficit expansion linked to former President Donald Trump’s narrowly passed tax legislation.

The S&P 500 edged down by less than 0.1%, while the Nasdaq 100 gained 0.2%. The Dow Jones Industrial Average closed flat. Meanwhile, 10-year Treasury yields dropped seven basis points to 4.53%, and the dollar index rose 0.2%. Bitcoin crossed the $111,000 mark for the first time, highlighting divergent investor sentiment across asset classes.

Good morning and welcome to the live coverage of all the action from D-Street. Stay tuned to this blog for all live updates from the market in India and around the world.