Indian equity benchmarks ended higher on Thursday, reversing a two-session losing streak. The rebound came on the back of improved global risk sentiment and a strong finish to the monthly F&O expiry. Despite intraday volatility, late buying helped the Nifty 50 reclaim the 24,800 level, closing with confidence.
๐ฎ๐ณ Domestic Market Snapshot
Nifty 50: โฒ 81.15 pts (+0.33%) to 24,833.60
Sensex: โฒ 320.71 pts (+0.39%) to 81,633.03
Bank Nifty: Slightly firm, tracking stock-specific moves
India VIX: Eased marginally, reflecting calming market sentiment
Markets opened higher but faced mid-session profit booking before recovering strongly in the final hour. Global cues helped set the tone, with U.S. legal developments halting parts of former President Trumpโs tariff proposals, encouraging global risk appetite.
๐ญ Sectoral Highlights
Gainers:
Nifty Metal โฒ 1.21%
Nifty IT โฒ 0.77%
Nifty Midcap 100 โฒ 0.55%
Nifty Smallcap 100 โฒ 0.59%
Lagging Sectors:
Only 3 of the 13 sectoral indices ended in the red
Metals and IT stocks led the charge, buoyed by global tailwinds.
Welspun Corp surged over 9% after announcing a strong Q4FY25 performance and a โน5/share final dividend โ its largest single-day gain in three years.
๐ Notable Stock Movements
Welspun Corp: โฒ 9.4% โ Strong Q4 earnings + final dividend
Natco Pharma: โฒ 3%
Insecticides India: โฒ 6%
Jindal Stainless: โฒ 2.2%
JSW Steel: โฒ 1.7%
Tata Steel: โฒ 1%
๐งพ Block Deals Reported:
ICICI Bank
Devyani International
๐ Market Breadth & Internals
Out of 2,947 NSE-listed stocks:
Advances: 1,510
Declines: 1,373
Unchanged: 64
52-Week Highs: 57
52-Week Lows: 24
Upper Circuits: 106
Lower Circuits: 81
Market breadth was decisively positive, reflecting a healthy risk appetite across mid and small-cap counters.
๐ Global Economic Calendar โ Key Events
Thursday, May 30
๐บ๐ธ U.S. GDP (Q1 Second Estimate) ๐ฉ๐ช Germany CPI (Preliminary) ๐ฎ๐ณ India Q4 GDP data โ Expected: 6.9% (boosted by agriculture and services exports)
Friday, May 31
๐บ๐ธ U.S. PCE Inflation, Personal Spending ๐ฎ๐ณ India Fiscal Deficit, FX Reserves ๐ฏ๐ต Japan Retail Sales, Unemployment Rate
Next Week Highlight
๐ฎ๐ณ India to host U.S. Trade Delegation on June 5โ6, a potential boost to trade policy visibility.
๐ง Technical Outlook
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