Nifty Ends Higher After Two-Day Decline; Broader Markets Show Resilience

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๐Ÿ“Š Daily Market Update โ€“ May 29, 2025

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.

๐Ÿ‡ฎ๐Ÿ‡ณ Domestic Market Snapshot

Nifty 50: โ–ฒ 81.15 pts (+0.33%) to 24,833.60

Sensex: โ–ฒ 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 Trumpโ€™s tariff proposals, encouraging global risk appetite.

๐Ÿญ Sectoral Highlights

Gainers:

Nifty Metal โ–ฒ 1.21%

Nifty IT โ–ฒ 0.77%

Nifty Midcap 100 โ–ฒ 0.55%

Nifty Smallcap 100 โ–ฒ 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 โ‚น5/share final dividend โ€” its largest single-day gain in three years.

๐Ÿ” Notable Stock Movements

Welspun Corp: โ–ฒ 9.4% โ€” Strong Q4 earnings + final dividend

Natco Pharma: โ–ฒ 3%

Insecticides India: โ–ฒ 6%

Jindal Stainless: โ–ฒ 2.2%

JSW Steel: โ–ฒ 1.7%

Tata Steel: โ–ฒ 1%

๐Ÿงพ Block Deals Reported:

ICICI Bank

Devyani International

๐Ÿ“ˆ 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.

๐ŸŒ Global Economic Calendar โ€“ Key Events

Thursday, May 30

๐Ÿ‡บ๐Ÿ‡ธ U.S. GDP (Q1 Second Estimate) ๐Ÿ‡ฉ๐Ÿ‡ช Germany CPI (Preliminary) ๐Ÿ‡ฎ๐Ÿ‡ณ India Q4 GDP data โ€“ Expected: 6.9% (boosted by agriculture and services exports)

Friday, May 31

๐Ÿ‡บ๐Ÿ‡ธ U.S. PCE Inflation, Personal Spending ๐Ÿ‡ฎ๐Ÿ‡ณ India Fiscal Deficit, FX Reserves ๐Ÿ‡ฏ๐Ÿ‡ต Japan Retail Sales, Unemployment Rate

Next Week Highlight

๐Ÿ‡ฎ๐Ÿ‡ณ India to host U.S. Trade Delegation on June 5โ€“6, a potential boost to trade policy visibility.

๐Ÿง  Technical Outlook

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