India Market Watch: Rangebound Session, Nifty Holds Ground At 25,000

Indian equity benchmarks began the week with gains but remained rangebound, with the Nifty50 hovering around the 25,000 mark.

The Sensex jumped 455 points to close at 82,176, while the Nifty 50 climbed 148 points to finish at 25,001.

The broader market posted similar gains, with the Nifty Midcap index ending 0.67% higher. 

Sectoral performance was broadly positive, with major gains across auto, IT, FMCG, and metal stocks.

Among notable stock movers, Eternal was the top Nifty loser, ending nearly 5% lower after global index providers FTSE and MSCI slashed its weightage. This move triggers estimated outflows of nearly $840 million.

JSW Steel rose 2% after the Supreme Court ordered a status quo in the liquidation proceedings of Bhushan Power and Steel. This gives JSW Steel a window to file a review petition against a previous court ruling that overturned its ₹19,300 crore resolution plan.

Tata Motors shares rose by 1.5% following U.S. President Donald Trump's decision to delay the proposed 50% tariff on EU imports until July 9.

Divi’s Labs ended nearly 4% higher, driven by a new supply agreement with a global pharmaceutical player.

On the earnings front, BEML ended 15% higher as investors cheered its healthy March quarter earnings and positive management commentary on its orderbook.

On the flip side, Balkrishna Industries ended 6% lower on weak earnings performance. 

Retail investor sentiment surrounding the Nifty 50 remained ‘bearish’ on Stocktwits.

Globally, European markets traded higher, while U.S. markets remained closed for Memorial Day.

For updates and corrections, email newsroom[at]stocktwits[dot]com. 

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