Sensex-Surges-515-Points-Nifty50-Nears-24800Nifty50 Nears Record High on Broad-Based Buying in FMCG and Tech Stocks

 

The Indian stock market traded higher on Friday, May 23, 2025, with both benchmark indices holding onto gains through the session. The bullish mood was supported mainly by strong buying in information technology (IT) and fast-moving consumer goods (FMCG) stocks, along with positive sentiment in broader segments of the market. 

 

Key Indices Performance 

 

As of the latest updates: 

The BSE Sensex rose 515 points or 0.64%, reaching 81,422.83. 

The Nifty50 climbed 173 points, or 0.70%, to close at 24,784.70. 

The markets opened in the green and continued to build on gains throughout the day, signaling strong investor confidence, particularly in heavyweight sectors like IT and FMCG.

 

Major Gainers and Losers 

 

Several stocks across different sectors performed well on the Sensex and Nifty50 indices. Among the top gainers were: 

  • Eternal (Zomato) 

  • ITC 

  • Power Grid Corporation 

  • Infosys 

  • HCL Technologies 

  • Tech Mahindra 

  • Adani Ports 

  • Nestle India 

  • Bajaj Finserv 

  • Kotak Mahindra Bank 

  • Ultratech Cement 

These stocks contributed significantly to the overall rally, particularly from the IT, FMCG, and banking sectors. On the other hand, Sun Pharma saw a sharp decline of over 2%, making it one of the top losers for the day. 

 

Broader Markets  

 

In the broader markets: 

The Nifty MidCap index moved higher by 0.31%, indicating sustained interest in mid-sized companies. 

The Nifty SmallCap index, however, slipped by 0.26%, reflecting some profit booking or cautious investor positioning in smaller stocks. 

Despite mixed performance in the broader market, the overall sentiment remained optimistic, with more sectors in the green than in the red. 

 

Sectoral Performance 

 

Among the key sectors: 

The Nifty FMCG index and Nifty IT index were the standout performers, each rising over 1%, driven by strong earnings expectations and investor buying. 

The Nifty PSU Bank index saw a modest gain of 0.18%, suggesting subdued movement in government-owned financial institutions. 

The Nifty Auto index edged higher by 0.23%, supported by demand expectations and sectoral resilience. 

Other sectors such as real estate, consumer durables, and metals traded range-bound, showing limited movement amid lack of fresh triggers. 

 

IPO Activity 

 

Two key developments marked the initial public offering (IPO) space: 

Belrise Industries entered its third day of subscription. Investor response in the first two days indicated moderate demand, with strong interest expected from institutional and retail segments in the final hours. 

Borana Weaves (Mainline IPO) was expected to complete its allotment process. Investors awaited the final allotment status and refund instructions following the IPO closure. 

The activity in the primary market has picked up pace in recent weeks, with several companies tapping into favorable market conditions to raise capital.

 

Q4 Corporate Earnings in Focus 

 

Investors closely tracked earnings results from major companies for the quarter ending March 2025. Key names under the spotlight included: 

  • Sun Pharma 

  • Ramco Cements 

  • Grasim Industries 

These companies released their Q4 numbers during the day, with market participants analyzing performance across revenue growth, margin expansion, and guidance for the new financial year. 

Later in the day, results were expected from a broader set of companies, including: 

  • JSW Steel 

  • Ashok Leyland 

  • Linde India 

  • Balkrishna Industries 

  • GE Vernova TD India 

  • Glenmark Pharma 

  • Narayana Hrudayalaya 

  • AIA Engineering 

  • Timken India 
  • Devyani International 

  • Afcons Infrastructure 

  • BEML 

  • Cello World
     
  • Finolex Industries
     
  • Azad Engineering 

  • Reliance Infrastructure 

  • Aditya Birla Fashion & Retail 

These announcements were expected to influence the market’s direction in the coming sessions, depending on the earnings strength and future guidance issued by the management teams. 

 

Market Sentiment and Global Cues 

 

The positive trend in domestic equities was also supported by steady global market cues. Overnight gains in the U.S. markets, coupled with stable Asian peers, gave a supportive backdrop to Indian markets. 

Global investors continued to assess economic data related to inflation, interest rates, and economic growth from major economies. So far, optimism around easing global inflation and potential rate stability has lifted investor sentiment in emerging markets, including India.

 

Outlook for the Coming Sessions 

 

With the Sensex hovering around 81,000 and the Nifty approaching 24,800, both indices are close to their all-time highs. Sustained buying in index heavyweights and positive corporate earnings can potentially push the markets higher. 

However, volatility cannot be ruled out given the upcoming expiry of monthly derivatives contracts, potential global news flow, and macroeconomic data releases expected next week. 

Traders and investors are expected to closely monitor: 

  • The final earnings season reports 

  • Any updates from the U.S. Federal Reserve 

  • Crude oil price trends 

  • Progress on the monsoon in India 

  • Currency market movement, especially USD/INR levels 

The Indian stock market continued its positive run on May 23, 2025, with support from key sectors like IT and FMCG. Strong earnings expectations, steady global cues, and broad-based buying helped keep the indices in the green. While the near-term trend appears favorable, the coming week will be crucial as more corporate earnings, economic data, and global events play out. 

Investors and analysts remain cautiously optimistic, with a focus on sectoral rotation, mid-cap opportunities, and high-quality large caps showing consistent earnings delivery.