Equity benchmark indices Sensex and Nifty surged in early trade on Monday (May 5, 2025) amid sustained foreign fund inflows, a pointy drop in crude oil costs and agency developments in the U.S. markets.
The 30-share BSE benchmark gauge climbed 386.95 factors to 80,888.94 in early trade. The National Stock Exchange (NSE) Nifty surged 114.05 factors to 24,460.75.
From the Sensex companies, Adani Ports, Asian Paints, Bajaj Finserv, Tata Consultancy Services, Infosys, HDFC Bank, Power Grid, HCL Tech, Titan and Tata Motors have been among the many main gainers.
Kotak Mahindra Bank tanked almost 6% after the agency reported a 7.57% decline in consolidated web revenue to ₹4,933 crore for the March quarter of the 2025 monetary 12 months, primarily as a consequence of elevated stress in the microlending ebook.
From the 30-share pack, State Bank of India, Larsen & Toubro, NTPC, and Nestle have been additionally the laggards.
State Bank of India dipped almost 2% 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 12 months in the past, impacted by a decline in web curiosity margins.
Foreign Institutional Investors (FIIs) purchased equities price ₹2,769.81 crore on Friday (May 2), in response to alternate information.
Foreign traders have injected ₹4,223 crore in 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 reversal in FII strategy in India from selling to buying continued for the week ending 2nd May. During the last 12 trading days FIIs have been sustained buyers in the cash market. This is a major pivot in FII strategy. And this will impart resilience to the market. The concern now is India’s retaliatory action to the terrorist strike and its fall out,” V.Okay. Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd., mentioned.
The steep decline in the greenback index from 111 on eleventh January to 99 lately continues to be a powerful tailwind for the market, he added.
In Asian market, South Korea’s Kospi index traded greater. Markets in Japan, China and Hong Kong have been closed as a consequence of holidays.
U.S. markets ended considerably greater on Friday (May 2).
Global oil benchmark Brent crude dropped 3.65percentt to $59.05 a barrel.
“The positive sentiment is further supported by continued buying from FIIs, a drop in crude oil prices to a one-month low below $60 per barrel, and better-than-expected U.S. job data. China, Hong Kong and Japan market are shut today,” Vikas Jain, Head of Research at Reliance Securities, mentioned.
The 30-share BSE benchmark gauge settled 259.75 factors, or 0.32%, greater at 80,501.99 on Friday. The Nifty eked out a marginal acquire of 12.50 factors, or 0.05%, to settle at 24,346.70.
Published – May 05, 2025 11:30 am IST
