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Stock Market LIVE Updates: M&M, HDFC Bank, Sun Pharma lift Sensex; Nifty above 24,800; SMIDs gain

Stock Market LIVE Updates: M&M, HDFC Bank, Sun Pharma lift Sensex; Nifty above 24,800; SMIDs gain

Sensex Today | Stock Market LIVE Updates on Wednesday, May 21, 2025: Sun Pharma, Nestle India, Ultratech Cement, HUL, HDFC Bank, Tata Motors, and Maruti Suzuki were top gainers on the Sensex today
11:54 AM
Stock Market LIVE Updates: BMW Industries shares rally 12% on ₹364 crore order win from Tata Steel
Stock Market LIVE Updates: Shares of BMW Industries rose nearly 12 per cent in Wednesday's intraday session after it landed an order worth ₹364.69 crore from Tata Steel for the conversion of hot rolled coils into tubes.
The steel processing company's stock rose as much as 11.68 per cent during the day to ₹59.7 per share, the biggest intraday gain since May 5. The stock pared gains to trade 4.5 per cent higher at ₹55.8 apiece, compared to a 0.72 per cent advance in BSE Sensex as of 11:06 AM. READ MORE
11:34 AM
Stock Market LIVE Updates: Why are Whirlpool of India share price rising 8% in trade
11:20 AM
Stock Market LIVE Updates: Here's why Dredging Corp share was buzzing in trade on May 21
Stock Market LIVE Updates: Shares of Dredging Corporation of India (Dredging Corp) saw strong buying interest on Wednesday, May 21, 2025, surging as much as 14.9 per cent to hit an intraday high of ₹777.65 apiece.
By 10:18 AM, the stock was trading 11.56 per cent higher at ₹755 per share, outperforming the broader market, with the BSE Sensex up 0.86 per cent at 81,883.58.
11:08 AM
Stock Market LIVE Updates: Pharma shares in focus; GSK, Jubilant, Eris, Gland, Torrent rally up to 8%
Stock Market LIVE Updates: Pharma stocks were in demand, and surged up to 8 per cent on the bourses on healthy growth outlook. In-line March quarter performance, coupled with Torrent Pharma and Gland Pharma's optimistic FY26 guidance led the up move in pharma stocks.
GlaxoSmithKline Pharmaceuticals (GSK Pharma), Ajanta Pharma, Gland Pharma, Jubilant Pharmova, Torrent Pharmaceuticals, Natco Pharma, Aurobindo Pharma, Lupin, Ipca Labs, Dr Reddy's Laboratories, Cipla, Divi's Laboratories, Granules India and Sun Pharmaceutical were up in the range of 2 per cent to 8 per cent in intra-day trade. READ MORE
10:54 AM
Stock Market LIVE Updates: India well-positioned to deal with negative effects of US tariffs: Moody's
Stock Market LIVE Updates: A Moody's Ratings' report suggested that India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy.
In a note on India, the agency said government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. READ MORE
10:39 AM
Stock Market LIVE Updates: Astonea Labs; initial public offering (IPO) will open for subscription on Tuesday, May 27, 2025. The of pharmaceutical and cosmetic products manufacturer aims to raise ₹37.67 crore through a fresh issue of 2.79 million equity shares. There is no offer for sale (OFS) component. The company has reserved around 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs).
10:19 AM
Stock Market LIVE Updates: Most stocks turn positive on Sensex as index surges 700 pts
Stock Market LIVE Updates: The BSE Sensex moved sharply higher in early deals on Wednesday, trading over 700 points higher at 81,899. Sun Pharma, M&M, HDFC Bank, Tata Motors, Nestle India, Ultratech Cement, and Tata Steel are some of the top stocks on the Sensex today. Meanwhile, only three stocks are trading lower.
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The Indian stock market extended its rally on Tuesday, marking the fourth straight session of gains. The Sensex rose more than 400 points, while the Nifty 50 crossed the 25,000 level in intraday trade, supported by easing geopolitical tensions and strong domestic developments. Optimism improved as global markets advanced on hopes of progress towards resolving the Russia-Ukraine war. Sentiment was buoyed by diplomatic efforts, including US President Donald Trump's meetings with Ukrainian President Volodymyr Zelensky, European leaders, and earlier discussions with Russian President Vladimir Putin. On the domestic front, Prime Minister Narendra Modi's announcement of a significant Goods and Services Tax (GST) reform further strengthened equities, pushing benchmarks higher. Despite the recent positive momentum, concerns of volatility remain. Experts believe that the rally will be short-lived amid valuation and earnings concerns. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Limited, noted, 'The White House talks indicate that there is a reasonable chance of ending the war. And, if this happens, the secondary tariff on India for buying oil from Russia would become irrelevant. This may turn out to be a positive from the market perspective. But it would be premature to expect positive responses from the Trump administration since the India-US relations are strained and India has been making tactical initiatives to improve relations with China even while reinforcing the already strong relations with Russia. Meanwhile, the policy initiatives from the Government on the GST front, with indications of next-generation reforms, have improved market sentiments significantly. However, the fundamentals (earnings growth) will take time to respond. A sustained rally in the market will happen only when we have indications of earnings revival.' With short-term volatility still in play, should investors step back from equities, or do stocks continue to dominate for long-term growth? Chethan Shenoy, Executive Director & Head - Product & Research at Anand Rathi Wealth, noted that while some volatility may persist, it is unlikely to be severe as 'much of the selling has already happened.' He explained that the current news flow is emerging when markets have already found a base, which reduces the risk of a major downside from here. Instead of shifting fully to cash or overweighting gold, Shenoy suggested investors 'stick to their allocation strategy,' maintaining about 20 per cent of the long-term portfolio in debt or gold depending on preference, but not beyond that level. Meanwhile, Ranju Rajan, Head of Managed Accounts at Axis Securities, believes volatility is likely to persist until tariff discussions reach a resolution and corporate earnings guidance and sentiments show improvement. 'A positive shift on these fronts should also translate into stronger momentum in credit growth, capex, and consumption—creating ample opportunities for stock selection and sector rotation. However, such volatility comes with opportunity. This will set the stage for selective opportunities to emerge in the long term.' Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Indian markets, rupee, gold & silver: Tuesday close snapshot
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New Indian Express

timean hour ago

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Indian markets, rupee, gold & silver: Tuesday close snapshot

CHENNAI: Indian equity markets ended Tuesday on a strong note, supported by optimism over possible GST reforms and an improved outlook on the economy. The BSE Sensex closed 676 points higher at 81,274, while the NSE Nifty 50 settled at 24,877, up about 1 percent. Auto, consumer durables, and realty stocks led the rally, with gains of 2–4 percent. Metal, FMCG, telecom and private banking shares also added to the upside momentum. In the currency market, the Indian rupee appreciated against the US dollar, closing at around ₹87.35–87.39 per dollar, helped by strong equity inflows and positive sentiment from reform measures. On the commodities front, gold prices eased as safe-haven demand weakened. MCX October gold futures ended near a two-week low at ₹99,860 per 10 grams, marginally higher by ₹22 but still below the ₹1 lakh mark. Analysts expect the yellow metal to remain range-bound with a slight downward bias. Silver prices, however, moved up. Futures for September delivery on MCX rose by about ₹201 to ₹1,14,144 per kg. In the spot market, prices in some cities climbed higher, with Chennai quoting around ₹1,27,000 per kg. Analysts say overall it was a positive day for Indian markets, with equities and the rupee gaining ground, while gold softened and silver extended its upward move.

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