In a spirited display of bullish momentum, Indian equities extended their winning streak for the second consecutive session. The Nifty 50 surged 395 points, or 1.60%, to close at 25,062, its highest level since October 14, 2024—crossing the psychologically significant 25,000 mark for the first time in seven months.

The session, which coincided with the weekly F&O expiry, saw a modestly positive open followed by a volatile first half. However, a decisive rally in the latter half propelled the benchmark higher, buoyed by sustained buying in Auto, Metal, IT, and Realty stocks.

Highlights from the Day

Strong Momentum: Highest NSE cash market turnover since March 27, 2025, with volumes up 10% over the previous session. Broad-Based Rally: All sectoral indices ended in the green, led by Auto, Realty, and Metals. Banking Participation: Bank Nifty rallied over 500 points, closing at 55,355, up 1.06%—adding fuel to the broader market surge. Volatility Eased: India VIX slipped below 17, signalling reduced investor anxiety. Rupee Movement: Despite strong equities and a softer dollar index, the INR weakened by 28 paise to 85.55 per USD, snapping a three-day gaining streak.

Mid & Small Cap Action

The Nifty Midcap 100 and Smallcap 100 indices also gained for the fourth straight day, though they underperformed the headline indices:

Midcap 100: +0.70% Smallcap 100: +0.54%

Market breadth stayed firmly positive, with a 2:1 advance-decline ratio on the BSE. Of the 2,942 stocks traded on the NSE, 1,980 advanced, 890 declined, and 72 remained unchanged.

52-Week Highs: 59 stocks 52-Week Lows: 11 stocks Upper Circuits: 175 Lower Circuits: 27

Sectoral Overview

The bulls held firm control across the board. Key performing sectors included:

Auto – buoyed by upbeat sales guidance and margin tailwinds Realty – aided by strong pre-sales and healthy urban demand Metals – continued benefiting from international price momentum and export optimism IT – rose on expectations of stable U.S. demand trends

The positive tone was underpinned by the Nifty holding above key short-term moving averages, supporting the continuation of the uptrend.

Global Economic Calendar | May 16–18, 2025

Thursday, May 16

India: Wholesale Price Index (WPI) Inflation – April China: Industrial Production, Retail Sales – April U.S.: Initial Jobless Claims, Housing Starts – April

Friday, May 17

Eurozone: Final Consumer Price Index – April U.S.: University of Michigan Consumer Sentiment (Prelim)

Saturday, May 18

Japan: Trade Balance – April India: Forex Reserves (Weekly Update)

Final Word

With the Nifty closing above 25,000 for the first time in months, the short-term market trend remains constructive. Strong volumes, broad sector participation, and easing volatility paint a promising picture. That said, investors should remain vigilant amid global uncertainties and currency fluctuations.

For actionable insights, trading strategies, and key technical levels—watch our full analysis on [YouTube – Daily Market Update: May 15, 2025 Edition].

Angeeras Securities – Insight. Integrity. Investment.