Closing Bell | Afternoon surge powers Nifty above 25,000, Sensex zooms 1,200 pts; all sectors in the green

Indian equity indices ended on strong note with Nifty above 25,000 on May 15. The Sensex was up 1,200.18 points or 1.48 percent at 82,530.74, and the Nifty was up 395.20 points or 1.60 percent at 25,062.10.

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After showing weakness with high volatility in the last couple of sessions, Nifty witnessed an excellent upside breakout on Thursday and closed the day with hefty gains of 395 points. After opening with a slightly positive note, the market slipped into intraday weakness with volatility in the early -mid part of the session. A decisive upside bounce has occurred in the mid part and Nifty sustained the gains towards the end.

A long bull candle was formed on the daily chart that signal a sharp upside breakout in the market after a consolidation movement. Back-to-back long bull candle formations in the last four sessions, with minor weakness in between, indicate bulls are back in charge.

The huge opening upside gap of 12th May remains open after four sessions of its formation and this gap could be considered as a bullish breakaway gap. The overall trend of Nifty continues to be positive and the next upside levels to be watched around 25250 and 25500 in the near term. Immediate support is placed at 24800.

The markets regained momentum after a marginal dip, ending the day with gains of nearly one and a half percent. Following a flat start, the Nifty witnessed sharp fluctuations in the first half; however, a decisive surge in heavyweight stocks across sectors drove strong momentum as the session progressed. As a result, the Nifty closed at 25,062.10, after touching an intraday high of 25,116.25.

All major sectors contributed to the rally, with realty, auto, and metals emerging as the top gainers. The broader indices also moved higher, gaining over half a percent each.

The recent surge in the Nifty index has reinforced our positive outlook. A decisive breakout above the 25,200 level could potentially take the index towards the 25,400+ zone. We continue to advocate a “buy on dips” strategy, with a strong emphasis on selective stock picking, especially in light of overbought conditions in certain segments.

While benchmark indices gyrated sharply in early trades, it quickly regained the lost momentum and rallied sharply thereafter on all-around buying support despite pessimism in European and other Asian bourses. Benchmark Nifty closing above the 25,000 mark will be a huge boost for traders. With Indo-Pak tensions on the mend currently, and hopes of a favourable tariff policy between the US and the two Asian giants (India & China) expected in the near term, equity markets could see some traction, although bouts of intra-day volatility risk remains high.

The market staged a robust rebound, closing with substantial gains, driven by a decline in domestic inflation and positive signals from the U.S. regarding a potential trade agreement with India. The benchmark index outperformed the broader market, buoyed by growing optimism around reduced operational costs and a potentially more accommodative monetary policy stance. Rate-sensitive sectors such as automobiles and real estate led the rally, supported by upbeat industry forecasts. Investor attention is now turning to the upcoming speech by the Federal Reserve Chair, which is anticipated to provide further clarity on the future policy trajectory, particularly in light of the recent easing in U.S. inflation data.

Today, the Indian stock market closed strongly with the Nifty 50 reclaiming the 25,000 mark, registering a gain of 1.6% (up 395 points) and the Sensex rising 1,200 points (1.48%) to close at 82,530.74. This marked the highest level for Nifty in nearly seven months. The market rally was largely driven by optimism following US President Donald Trump's announcement that India had offered a deal to remove tariffs on US goods, raising hopes of a zero-tariff trade agreement between the two countries. This development significantly boosted investor sentiment, especially in financials, autos, and IT sectors.

Key sectors like Nifty Defense led gains, while PSU banks lagged. Additionally, lower crude oil and gold prices, strong foreign institutional investor inflows, a weakening US dollar, and cooling inflation data supporting potential RBI rate cuts further fueled the upside momentum. Market capitalization surged by Rs 5 lakh crore, reflecting robust buying interest.

Today, the Indian stock market closed strongly with the Nifty 50 reclaiming the 25,000 mark, registering a gain of 1.6% (up 395 points) and the Sensex rising 1,200 points (1.48%) to close at 82,530.74. This marked the highest level for Nifty in nearly seven months. The market rally was largely driven by optimism following US President Donald Trump's announcement that India had offered a deal to remove tariffs on US goods, raising hopes of a zero-tariff trade agreement between the two countries. This development significantly boosted investor sentiment, especially in financials, autos, and IT sectors.

Key sectors like Nifty Defense led gains, while PSU banks lagged. Additionally, lower crude oil and gold prices, strong foreign institutional investor inflows, a weakening US dollar, and cooling inflation data supporting potential RBI rate cuts further fueled the upside momentum. Market capitalization surged by Rs 5 lakh crore, reflecting robust buying interest.

On the weekly expiry day, the market witnessed significant volatility marked by sharp swings on either sides. Following a subdued opening, Nifty50 initially declined but soon recovered; however, it struggled to sustain the gains and faced another round of selling pressure. Mid-session saw a sudden surge in heavyweight stocks, which pushed the Index beyond the psychological mark of 25,000. By the end of the day, Nifty50 closed the trade at 25,062.10 with gains of 395.20 points.

All sectors ended in the green, with Auto and Realty emerging as the top performers. The rally was largely driven by Index-heavyweight stocks, resulting in underperformance from the Midcap and Smallcap segments.

Technically, the Index formed a strong bullish candle and decisively breached its immediate resistance of 24,930, which now turns into a key support level. On the upside, the next resistance is seen near 25,200.

Indian rupee ended lower at 85.54 per dollar on Thursday versus Wednesday's close of 85.27.

The recent consolidation breakout, along with a move above the swing high, has increased the probability of the index reaching 25,690 in the short term. Immediate resistance is placed at 25,360, above which further upside potential may be unlocked.

On the downside, 24,400 is expected to act as strong support in the short to medium term. A decisive break below this level could cause the ongoing rally to lose momentum. Until then, a buy-on-dips strategy is likely to remain effective.

Indian equity indices ended on strong note with Nifty above 25,000 on May 15.

The Sensex was up 1,200.18 points or 1.48 percent at 82,530.74, and the Nifty was up 395.20 points or 1.60 percent at 25,062.10. About 2511 shares advanced, 1302 shares declined, and 139 shares unchanged.

Biggest gainers on the Nifty were Hero MotoCorp, JSW Steel, Trent, Tata Motors, HCL Technologies.

All the sectoral indices ended in the green with realty, oil & gas, metal, media, IT, auto, bank up 1-2 percent.

BSE midcap index added 0.6 percent and smallcap index rose 0.9 percent.

#1 Posted solid AUM & EPS growth, 22 percent RoE, driven by strength in gold price

#2 FY26 is poised to be another year of strong earnings growth

#3 Risk-reward is balanced

#4 Risk is a fall in gold price, which is negative for sentiment

#5 Upside risk could be earnings downgrades at broader financials

#1 Q4 - marginal beat on top-line

#2 Adjusted EBITDA margin strong, up 595 bps YoY

#3 Robust ordering in FY25

#4 Stock currently trades at 37x/31x FY26F/FY27F earnings

#1 Q4 in-line with on better cement realisations while volume was below larger peers

#2 Blended Ebitda/t was a strong improvement QoQ

#3 It continues to focus on profitability over growth

#4 Expect higher Ebitda/t, but volume growth to be lower than larger peers

#1 Sequential growth improvement continued in Q4 with margin improvement in a harsh competitive environment

#2 Volume growth could recover for industry; if pricing discipline remains, growth concerns could abate further

#3 Management believes market share re-distribution could be over in FY26

#4 Despite continued competitive pressures, company re-iterated its 15-17 percent EBITDA margin band

The Sensex was up 1,214.36 points or 1.49 percent at 82,544.92, and the Nifty was up 398.45 points or 1.62 percent at 25,065.35. About 2350 shares advanced, 1150 shares declined, and 110 shares unchanged.

Indian Rupee declined today on demand for dollars from importers and FII selling. However, surge in the domestic markets and overnight weakness in crude oil prices cushioned the downside. Weak US Dollar index too supported the domestic currency at lower levels.

We expect Rupee to trade with a positive bias amid positive domestic markets and rise in risk appetite in global markets. Easing geopolitical tensions between India and Pakistan and easing trade tariff tensions between US and China may also support the rupee. traders may take cues from PPI, retail sales, Empire State manufacturing index, industrial production and weekly unemployment claims data from the US. USDINR spot price is expected to trade in a range of Rs 85.20 to Rs 85.90.

#1 One-time gain of Rs 569 crore

#2 revenue down 0.3% at Rs 1,957 crore versus Rs 1,962 crore, YoY

#1 Q4 PAT above estimates, on lower provision

#2 Higher gold prices should cushion drag from potentially tighter LTV norms

#3 Company should benefit from rate cuts

#4 With limited loan losses, think it remains a defensive asset-quality play

#5 See 21 percent profit CAGR & RoE of 20 percent in FY25-27

#1 Q4 standalone sales growth & gross margin, in-line with estimate

#2 Q4 sales-per-store broadly similar to Q3 but with a tougher base

#3 EBITDA above estimates

#4 Turkey business LFL remains weak; expect debt refinancing & store additions of over 250

Transport Corporation of India On CNBC-TV18

# Overall Biz Ops Slowed Down In Q4, Impacting Co’s Performance

# Shipping Business Doing Well, Will Continue To Support Margin

# General Inflation & Higher Toll Taxes Have Kept Costs Higher Despite Benign Fuel Costs

# Don’t Expect Major Inflation In Domestic Seaways Freight Rates

# Cold Chain Biz Saw Revenue Growth Of 15-20% In FY25, Building Capacity Here

# Cold Chain Biz Will Grow At 15-20% CAGR

# LTL Biz At 36% For Freight Business, Can Grow To 40% In The Next Year Or Two

Bharti Hexacom rating cut from 'buy' to 'neutral'; target price set to Rs 1720 which implies a 2.4% increase from last price

Trading at a decline of 0.61%

Auto and Realty take the lead in terms of sectoral gainers.

The Board has approved the appointment of Bhavesh Chheda as Chief Financial Officer, effective May 14, and the re-appointment of Sanjay Kirloskar as Managing Director, for a term starting November 19, 2025, through March 21, 2027.

The Board will meet on May 20 to consider long-term fund raising of up to $3 billion through a public offer or private placement of senior unsecured notes in US dollars or other major foreign currencies, in single or multiple tranches, during FY26.

The technology services and consulting company has announced a digital transformation partnership with Hachette UK (HUK), a leading UK-based publishing group. Wipro will assist in modernizing Hachette UK’s IT infrastructure through the implementation of SAP S/4HANA.

The company launched its Qualified Institutions Placement (QIP) issue on May 14, with the floor price set at Rs 665.60 per share.

#1 Delivering market share gain, growth & profitability

#2 For FY26, management guided 250/30 Domino’s/Popeyes store addition in India

#3 Management expects to improve EBITDA margin by at least 200 bps over next 3 years

The Indian Renewable Energy Development Agency (IREDA) has filed a bankruptcy application against Gensol Engineering. Gensol owes Rs 510 crore (approximately $59.73 million) to IREDA.

The Sensex was up 1,011.45 points or 1.24 percent at 82,342.01, and the Nifty was up 322.20 points or 1.31 percent at 24,989.10. About 2295 shares advanced, 1148 shares declined, and 122 shares unchanged.

#1 Royal Enfield accelerated volume growth to achieve highest volumes in FY26

#2 Operating margins were compromised

#3 Current estimate & valuation factor in the pick-up in volume growth

#4 Any uptick in margin profile is an upside risk

#1 Q4 EBITDA in-line & PAT above estimates

#2 Royal Enfield volumes have picked up since September with company trying to accelerate demand

#3 Believe RE should be a key beneficiary of 2-wheelers premiumisation

#4 Toughest phase of heightened competition is behind

Gold prices are likely to see extended corrective move as key chart supports are breached at USD 3190 in the international spot and Rs 92000 on MCX.

Prices decline remains supported by easing geo-political risk premium in the global market. Now, in the session ahead focus will be on Russia-Ukraine peace talks, US data in retail sales, producer inflation, jobless claims and Fed chairman's speech.

On the charts, prices are likely to see resistance at USD 3195/ 3210, and downside support at USD 3120/3070. On MCX resistance is seen at Rs 92,350/ 92,600, and downside support at Rs 90,500/ Rs. 89,700.

The company has received an observation letter with “no adverse observations” from BSE and NSE, concerning its Scheme of Arrangement with Kwality Wall’s India.

The IT services company has completed its stake sale in the Infosys-led joint venture in Japan, HIPUS, to Mitsubishi Heavy Industries.

The Sensex was up 146.53 points or 0.18 percent at 81,477.09, and the Nifty was up 72.85 points or 0.30 percent at 24,739.75. About 2213 shares advanced, 1204 shares declined, and 120 shares unchanged.

#1 Profit tanks 47.9 percent to Rs 184.6 crore Vs Rs 354 crore, YoY

#2 Revenue rises 2.6 percent to Rs 6,423.6 crore Vs Rs 6,258.2 crore, YoY

#3 Exceptional loss stands at Rs 118.8 crore Vs Rs 36.8 crore, YoY

#4 Board recommends dividend of Rs 5 per share

#1 Companies like Ola, Uber, Eternal & Amazon agreed for gig worker pension

#2 Companies will have to deposit contribution in EPFO

#3 Labour Min may send its recommendation to Cabinet next month

LIC Housing Finance, PB Fintech, Abbott India, Allied Blenders and Distillers, Balrampur Chini Mills, CESC, Crompton Greaves Consumer Electricals, Endurance Technologies, Gujarat Mineral Development Corporation, Godfrey Phillips India, Godrej Industries, G R Infraprojects, INOX India, ITC Hotels, JSW Energy, Kaynes Technology India, Medi Assist Healthcare Services, NCC, Patanjali Foods, Tube Investments of India, Websol Energy System, and Welspun Enterprises will announce their March quarter earnings on May 15.

HCLTech and Microsoft announced collaborating to enable global enterprises to accelerate RISE with SAP S/4HANA migrations on the Microsoft Cloud through a transformative, AI-led, business-value-first approach.

#1 Profit drops 11.1% to Rs 29.9 crore Vs Rs 33.6 crore, YoY

#2 Revenue grows 9.8% to Rs 549.1 crore Vs Rs 500 crore, YoY

#1 Profit spikes 85.8% to Rs 16.7 crore Vs Rs 9 crore, YoY

#2 Revenue zooms 72.4% to Rs 284.1 crore Vs Rs 164.9 crore, YoY

Indian rupee erased some of the intraday losses but still trading 31 paise lower at 85.58 per dollar versus previous close of 85.27.

#1 Higher-than-expected blended realisations deliver EBITDA beat in Q4

#2 Cement volumes higher 3 percent YoY but 2 percent below estimate

#3 Reported an increase in blended cement realisations, above estimate

#4 Management guided that capex for FY26 would be around Rs 3,000 crore

The Sensex was down 183.26 points or 0.23 percent at 81,147.30, and the Nifty was down 27.15 points or 0.11 percent at 24,639.75. About 2213 shares advanced, 1159 shares declined, and 117 shares unchanged.