Equity benchmark indices Sensex and Nifty closed higher on Monday (May 5, 2025), supported by sustained foreign fund inflows and a pointy correction in world crude oil prices.
The 30-share BSE benchmark climbed 294.85 factors or 0.37% to settle at 80,796.84, extending its earlier day’s rally. During the day, it jumped 547.04 factors or 0.67% to 81,049.03.
The NSE Nifty rose 114.45 factors or 0.47% to 24,461.15.
From the Sensex corporations, Adani Ports jumped 6.29% amid experiences that Gautam Adani’s representatives met with U.S. administration officers to hunt the dismissal of prison fees in a bribery probe.
All different listed Adani group shares, together with Adani Enterprises, Adani Ports, Adani Power and Adani Green Energy, ended with a pointy rally.
From the 30-share pack, Bajaj Finserv, Mahindra & Mahindra, Eternal, Power Grid, ITC, Tata Motors, Asian Paints and Hindustan Unilever have been among the many gainers.
Among the laggards, Kotak Mahindra Bank tanked 4.57% after the agency reported a 7.57% decline in consolidated web revenue to ₹4,933 crore for the March quarter of FY25, primarily on account of elevated stress in the microlending e-book.
State Bank of India, Axis Bank, Titan and IndusInd Bank have been among the many different losers.
State Bank of India dipped over 1% after it reported an 8.34% decline in consolidated web revenue to ₹19,600 crore for the January-March quarter in comparison with ₹21,384 crore a yr in the past, impacted by a decline in web curiosity margins.
Foreign Institutional Investors (FIIs) purchased equities value ₹2,769.81 crore on Friday, based on trade information.
Foreign traders injected ₹4,223 crore into the nation’s fairness market in April, as they turned web patrons for the primary time in three months amid a mix of beneficial world cues and strong home fundamentals.
The influx of foreign capital got here final month following a back-to-back web outflow of ₹3,973 crore in March, ₹34,574 crore in February, and ₹78,027 crore in January.
“The market has sustained its positive momentum, though the level of optimism has decreased. Continued foreign inflows and record GST collections in April indicate resilience in economic activity, fostering mild hopefulness. A weak dollar and a decline in oil prices have further bolstered FII sentiment.
“However, the market’s momentum is moderating, with motion shifting from broad-based actions to inventory and sector-specific traits based mostly on outcomes,” Vinod Nair, Head of Research, Geojit Investments Limited, said.
Markets in South Korea, Japan, China and Hong Kong were closed due to holidays.
European markets were trading on a mixed note.
U.S. markets ended significantly higher on Friday.
Global oil benchmark Brent crude dropped 1.45% to $60.40 a barrel.
The 30-share BSE benchmark gauge settled 259.75 points, or 0.32%, higher at 80,501.99 on Friday. The Nifty eked out a marginal gain of 12.50 points, or 0.05%, to settle at 24,346.70.
Published – May 05, 2025 04:44 pm IST
