Indian equity markets staged a modest recovery on Wednesday, reversing a three-day losing streak amid broad-based buying across sectors. The Nifty 50 rose by 0.52%, reclaiming the 24,800 mark, while the Sensex advanced 0.51%, buoyed by gains in realty, pharma, and financial names.

Top Volume Gainers (NSE)

HLE Glascoat Ltd – Volume surged 29.91x (1-week avg) and 40.63x (2-week avg) to 22,63,668; stock gained 8.25% to ₹392.50.

The Grob Tea Company Ltd – Volume up 16.58x (1-week avg) and 15.81x (2-week avg) to 4,889; price rallied 20.00% to ₹1,112.50.

Alkali Metals Ltd – Volume increased 14.59x (1-week avg) and 11.50x (2-week avg) to 3,31,491; closed up 0.07% at ₹108.32.

Sectoral & Stock Highlights

The realty sector led the rally, with the Nifty Realty Index climbing 1.72%. Raymond posted gains of over 2.5%, driving momentum in the space. Meanwhile, pharma stocks rose by 1.2%, supported by the U.S. administration’s decision to exclude generic drugs from potential future price caps—a move welcomed by Indian exporters.

Dredging Corporation was among the standout performers, jumping 10.75% after reporting a return to profitability. On the other hand, IndusInd Bank declined 1.57% ahead of its Q4 results, amid investor caution.

Index Contribution

Key positive contributors to Nifty 50:

HDFC Bank: +14.14 pts

ICICI Bank: +12.25 pts

Bharti Airtel: +8.91 pts

Negative drags on the index:

Kotak Bank: -7.48 pts

ITC: -4.50 pts

JSW Steel: -3.09 pts

Market Breadth & Internals

Advancing stocks: 1,753

Declining stocks: 1,095

Unchanged: 95

52-week highs: 50

52-week lows: 17

Upper circuits: 75 stocks

Lower circuits: 65 stocks

Broader market indices also gained traction:

Nifty Midcap 100: +0.78%

Nifty Smallcap 100: +0.38%

Global Economic Calendar | May 22–23, 2025

Thursday, May 22

Japan: National Core CPI (April) Eurozone: ECB Monetary Policy Meeting Minutes U.S.: Initial Jobless Claims S&P Global Manufacturing & Services PMI (May)

Friday, May 23

Germany: Q1 GDP (Final) India: Foreign Exchange Reserves

Global markets remain watchful of inflation trends and monetary policy cues, especially from the U.S. and Eurozone.

In Summary

After intense FII-driven selling on Tuesday, Indian equities rebounded modestly, reflecting improved risk sentiment and selective value buying. With 24,800 now regained on the Nifty 50, the market appears to be consolidating in a non-directional range, awaiting clear triggers for the next move.

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