Despite a sharp setback early on in the session and a subsequent volatile spell during which the market climbed higher but faltered again, the Indian stock market closed on a firm note on Thursday.
Recent soft inflation data from Indian and the U.S., and the progress in U.S.-China trade talks contributed significantly to market’s rise. Investors also digested a slew of earnings announcements.
Automobile, banking, technology, realty, metal, oil and healthcare stocks were among the prominent gainers.
The benchmark BSE Sensex settled with a gain of 1,200.18 points or 1.48% at 82,530.74. The index, which tumbled to 80,762.16 around mid morning, hit a high of 82,718.14 in the session.
The broader Nifty50 index of the National Stock Exchange closed with a gain of 395.20 points or 1.6% at 25,062.10, after scaling a low of 24,494.45 and a high of 25,116.25 intraday.
Tata Motors rallied about 4.2% and HCL Technologies climbed 3.4%, while Adani Ports, Eternal, Maruti Suzuki, Reliance Industries and Asian Paints gained 2 to 2.6%.
ICICI Bank, Bharti Airtel, UltraTech Cement, Sun Pharmaceutical Industries, Tech Mahindra, Titan, M&M, Tata Steel, Infosys, Larsen & Toubro, Power Grid Corporation, HDFC Bank, Bajaj Finance, Bajaj Finserv and Axis Bank closed up by 1 to 2%.
IndusInd Bank, down 0.16%, was the lone loser in the Sensex.
HeroMoto Corp, up 6.2%, was the biggest gainer in the Nifty50 index. JSW Steel surged nearly 5%. Trent, Shriram Finance, Grasim Industries, Apollo Hospitals Enterprises, Jio Financial, Adani Enterprises, Tata Consumer Products, Adani Ports and Asian Paints gained 2 to 4%.
eClerx Services shares soared nearly 15% after the company reported a 16.6% year-on-year surge in the fourth quarter ended March 2025, over the preceding quarter.
Cochin Shipyard (up more than 7%) and Tilaknagar Industries (up 14%) also moved up sharply on strong results.
The market breadth was quite positive. On BSE, 2,637 stocks moved higher, and 1,327 stocks ended weak. 151 stocks settled flat.
Sensex, Nifty Close On Buoyant Note
2025-05-15 10:45:21
