Markets Rebound 1%, Sensex Ends Up 769 Pts, Nifty at 24853

Mumbai: The Indian equity benchmarks ended the final trading session of the week in positive territory on easing US Treasury yields and gains in information technology and consumer stocks. Despite Friday’s strong performance, the Nifty registered a weekly decline of 0.67. Trading volumes on the NSE cash market were 10 per cent lower compared to the previous session. The BSE Sensex rose 769.09 points, or 0.95 per cent, to close at 81,721.08, trading within a range of 81,905.17 to 80,897.00 during the day. The NSE Nifty50 also advanced 243.45 points, or 0.99 per cent to settle at 24853.15.The Nifty Midcap 100 and Smallcap 100 indices continued their outperformance, both gaining alongside the benchmark. The Nifty Midcap 100 Index rose 0.64 per cent, while the Nifty Smallcap 100 Index advanced by 0.80 per cent. Market breadth remained positive, with advancing stocks outnumbering declining ones, as indicated by a BSE advance-decline ratio of 1.47. Nandish Shah, Senior Derivative & Technical Research Analyst, HDFC Securities said, “Nifty opened 30 points higher, extending its ascent to 24,909 within the first two hours of trade. Following this initialsurge, the index entered a consolidation zone, ultimately closing with a gain of 243 points at 24,853.”

The Indian Rupee witnessed a significant surge, appreciating by 79 paise against the US dollar to settle at 85.21, marking a 10-day high. This impressive upward movement, the largest single-day gain in percentage terms since November 11, 2022, was primarily fueled by a weaker US dollar and a robust performance in the domestic equity

market. Investors gained Rs 3.32 lakh crore as market cap of BSE-listed firms rose to Rs 442.41 lakh crore against Rs 439.09 lakh crore in the previous session. FIIs continued to be net cash buyers to the tune of Rs 10,397.02 crore, to date in May’25. Sectorally, Nifty FMCG and Nifty Private Bank outperformed, rising 1.63 per cent and 1.08 per cent, respectively. Other gainers included IT, Financial Services, Metals, PSU Banks, Oil & Gas, and Realty, with gains up to 0.95 per cent. Meanwhile, Nifty Pharma and Healthcare were the only sectoral indices to close in the red, down 0.41 per cent and 0.01 per cent, respectively.