Indian equity benchmarks ended the week on a high note, reversing earlier losses and closing Friday’s session with robust gains. The Nifty 50 advanced 243.45 points (+0.99%), ending just below the 24,900 mark, while the Sensex surged 769.09 points (+0.95%). The Nifty Bank also contributed to the upbeat close, rising 0.83% to settle at 55,398.25.

Despite the strong finish, the Nifty 50 posted a weekly decline of 0.67%, reflecting cautious sentiment earlier in the week amid global bond yield concerns.

Drivers of the Rally

Friday’s gains were supported by positive global cues, stabilizing U.S. yields, and an upward revision of India’s growth forecast by Fitch Ratings, which lifted investor confidence.

Intraday, the Nifty 50 briefly breached the 24,900 mark before settling into a narrow range. The upward momentum remained stock-specific, signaling selective buying in heavyweight counters.

Noteworthy Stock Moves

Honasa Consumer (Mamaearth): Locked in a 20% upper circuit after strong Q4 results.

Reliance Power: Surged 16%, with market capitalization crossing Rs 20,000 crore.

ITC, Infosys, HDFC Bank, and Reliance Industries were key contributors to the Nifty’s gain.

On the downside, Sun Pharma and Divi’s Laboratories emerged as notable laggards.

Sectoral Highlights

Of the major sectoral indices:

Nifty FMCG led with a 1.63% gain.

Nifty Pharma was the sole loser, declining 0.41%.

All other sectors ended in the green, including IT, Financial Services, Auto, and Metals, reflecting broad-based buying.

Index Contributors – Nifty 50

Top Gainers (Index Contributors):

ITC: +24.21 points

Infosys: +17.18 points

HDFC Bank: +16.30 points

Reliance Industries: +16.29 points

Top Laggards (Index Draggers):

Sun Pharma: -10.28 points

Divi’s Laboratories: -1.90 points

Market Breadth & Internals – NSE

Advance/Decline Ratio:

Advances: 1,757

Declines: 1,093

Unchanged: 99

52-Week Highs: 56

52-Week Lows: 15

Stocks in Upper Circuit: 91

Stocks in Lower Circuit: 47

Broad Market Performance:

Nifty Midcap 100: +0.64%

Nifty Smallcap 100: +0.80%

Global Economic Calendar – May 24, 2025 (Saturday)

Key Events to Watch:

U.K.: Retail Sales (April)

U.S.: New Home Sales (April) Fed Governor Speech on Monetary Policy Outlook

Eurozone: ECB Chief Economist Comments

These global developments will set the tone for early trade next week.

Closing Note

While Friday’s rally helped pare weekly losses, the market remains rangebound with no clear directional breakout. Selective accumulation in large-cap names and renewed optimism on the macroeconomic front provided support, but broader sentiment will continue to be influenced by global rate signals and institutional flows.

For detailed technical levels and setups, watch our YouTube Market Update.

Angeeras Securities – Insightful. Informed. Invested.