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Stock Market Today: RailTel, Newgen, and Adani Ports Among Top Gainers
On May 2, 2025, the Indian stock market experienced a robust rally, driven by positive global cues, strong corporate earnings, and sustained foreign institutional investor (FII) inflows. The BSE Sensex surged over 900 points, while the Nifty 50 crossed the 24,550 mark, reflecting investor confidence and optimism.
Market Overview
BSE Sensex: Hovering around 81,129.20, up 887 points or 1.11%.
Nifty 50: Trades at 24,571.90, gaining 238 points or 0.98%.
This upward movement marked the third consecutive weekly gain for Indian equities, supported by hopes of a potential India-U.S. trade deal and consistent FII buying. The Nifty 50 and Sensex recorded weekly increases of approximately 2.2% each.
Key Drivers of the Market Rally
Global Trade Developments: U.S. President Donald Trump's announcement of possible trade agreements with India, South Korea, and Japan bolstered investor sentiment. Additionally, China's willingness to re-enter trade talks with the U.S. provided a positive backdrop for global markets.
Foreign Institutional Investor Inflows: FIIs maintained a bullish stance on Indian equities, registering 11 consecutive days of buying—the longest such streak in two years. This trend contributed significantly to the market's upward momentum.
Strong Corporate Earnings: Positive Q4 FY25 earnings reports from major companies, including Adani Enterprises and RailTel, instilled confidence among investors. Adani Enterprises reported a 752% year-on-year surge in net profit, while RailTel posted a 46.3% increase in net profit.
Rupee Appreciation: The Indian rupee strengthened past 84 per U.S. dollar, reaching its highest level since October 2024. This appreciation was driven by heavy dollar sales from foreign banks, regional currency strength, and increased dollar inflows into Indian equities.
Top Gainers on May 2, 2025
| Company | Sector | Closing Price (INR) | Change (INR) | % Change |
| RailTel | Telecommunications Services | 333.80 | 37.75 | 12.75% |
| Newgen Software | Computers - Software | 1,092.80 | 106.25 | 10.77% |
| Nuvoco Vistas | Cement | 345.15 | 25.90 | 8.11% |
| Sonata Software | Computers - Software | 454.25 | 32.70 | 7.76% |
| Tanla Platforms | Computers - Software | 506.90 | 32.55 | 6.86% |
| Jubilant Ingrevia | Speciality Chemicals | 684.00 | 41.55 | 6.47% |
| CreditAccess Grameen | Finance - NBFC | 1,157.60 | 69.05 | 6.34% |
| Adani Ports | Infrastructure - General | 1,285.60 | 69.10 | 5.68% |
| Coromandel Intl | Fertilisers | 2,326.40 | 112.20 | 5.07% |
| PNB Housing Finance | Finance - Housing | 1,058.60 | 48.40 | 4.79% |
Highlights:
RailTel: The stock surged 12.75% following a 46.3% year-on-year rise in net profit for Q4 FY25, reaching ₹113.4 crore.
Newgen Software: Gained 10.77%, driven by strong demand in the software sector.
Nuvoco Vistas: Rose 8.11% amid positive sentiment in the cement industry.
Sonata Software: Increased by 7.76% following a $73 million deal from a U.S.-based firm.
Tanla Platforms: Advanced 6.86%, continuing its upward trajectory in the software segment.
Jubilant Ingrevia: Climbed 6.47% on expectations of tripling its revenue.
CreditAccess Grameen: Up 6.34%, reflecting strong performance in the NBFC sector.
Adani Ports: Gained 5.68% after reporting strong earnings and a positive growth outlook.
Coromandel International: Increased by 5.07%, benefiting from favorable conditions in the fertiliser sector.
PNB Housing Finance: Rose 4.79% amid reports of Carlyle Group selling its 10.44% stake via a block deal.
Sectoral Performance
The rally was broad-based, with significant gains across various sectors:
Information Technology: The Nifty IT index gained over 1%, led by companies like Coforge and Persistent Systems, following strong results from global tech giants.
Banking and Financials: Banking stocks contributed significantly to the Sensex's rise, with the Bank Nifty index closing at 55,087.
Real Estate and Infrastructure: These sectors saw increased investor interest, buoyed by positive earnings and growth prospects.
Macroeconomic Indicators
Rupee Strength: The Indian rupee appreciated to 83.83 per U.S. dollar, its strongest level since October 2024, driven by foreign bank dollar sales and increased equity inflows.
Foreign Investment: FIIs remained net buyers, with 11 consecutive sessions of inflows, indicating sustained confidence in Indian markets.
Outlook
Market experts anticipate range-bound trading in the near term, with a focus on individual stocks and sectors, primarily influenced by fourth-quarter results. The positive momentum is expected to continue, supported by global trade developments, strong corporate earnings, and sustained foreign investment.