Stock market today: 28 stocks hit 52-week lows, 92 stocks at 52-week highs as Sensex, Nifty 50 ends over 1% higher
Dhanya Nagasundaram
Published 15 May 2025, 03:34 PM IST Mint Image
Stock market today: 28 stocks hit 52-week lows, 92 stocks at 52-week highs as Sensex, Nifty 50 ends over 1% higher
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Market Opens In Green Amid Mixed Global Cues, Sensex Gains 300 Points In Early Trade
Mumbai: The domestic benchmark indices opened higher on Thursday amid mixed global cues, as buying was seen in the pharma, auto and IT sectors in the early trade. At around 9.29 am, Sensex was trading 268.8 points or 0.33 per cent up at 81,267.09 while Nifty added 82.75 point or 0.34 per cent at 24,702.95. Nifty Bank was down 29.70 points or 0.05 per cent at 55,647.15. The Nifty Midcap 100 index was trading at 58,188 after rising 263.35 points or 0.45 per cent. Nifty Smallcap 100 index was at 18,398.75 after climbing 141.65 points or 0.78 per cent. According to analysts, the Nifty ended higher on Wednesday and the India VIX fell nearly 5 per cent, which bulls would have liked to see. "For Nifty, 24,462 remains intact and that's keeping the optimism alive. Should this level break, the market will most likely drop to key support at 23,800. Short-term resistance sits between 24,760 and 24,882. Globally, stock bulls have tailwinds," said Akshay Chinchalkar, Head of Research, Axis Securities. Meanwhile, in the Sensex pack, Eternal, PowerGrid, M&M, HDFC Bank, HCL Tech, TCS, IndusInd Bank and Kotak Mahindra Bank were the top gainers. Whereas Nestle India, Titan, Bajaj Finance, Tata Motors and Tech Mahindra were the top losers. According to analysts, both geopolitical and economic news are likely to weigh on markets in the near-term. 'The major economic news is the sharp dip in the US ISM PMI data. This indicates that the US economy is slowing down sharply. The US 10-year bond yield has declined to 4.36 per cent and, given the slowing US economy, is likely to trend lower," according to Dr. VK Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd. This will turn out to be good for emerging markets (EMs) like India in the medium term. Buy on dips continues to be the ideal strategy now. Rate sensitives will be preferred in view of the expected rate cut by the RBI MPC, said experts. In the Asian markets, Hong Kong, Bangkok, Seoul, China and Jakarta were trading in green, whereas only Japan was trading in red. In the last trading session, Dow Jones in the US closed at 42,427.74, down 91.90 points, or 0.22 per cent. The S&P 500 ended with a gain of 0.44 points, or 0.01 per cent, at 5,970.81 and the Nasdaq closed at 19,460.49, up 61.53 points, or 0.32 per cent. On the institutional front, foreign institutional investors (FIIs) were net buyers as they bought equities worth 1,076.18 crore on June 4, while domestic institutional investors (DIIs) purchased equities worth 2,566.82 crore.
India Today
14 minutes ago
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Sensex rallies over 400 points: Why is stock market rising today?
The stock market opened higher on Thursday, with Sensex and Nifty extending their gains from the last sesion. The rally was mainly driven by buying in pharma and healthcare stocks, along with support from positive global of 9:44 am, the S&P BSE Sensex had jumped 404.22 points to reach 81,402.47. The NSE Nifty50 was also up by 117.60 points at 24, HEALTHCARE LEAD THE GAINSMost sectors started the day in green. Nifty Pharma was the top performer, rising 1.05%, followed by Nifty Healthcare which gained 0.94%. The broader markets also joined the rally, with the Nifty Midcap 100 up by 0.34% and Nifty Smallcap rising 0.74%.Other sectors that saw gains included Nifty Oil & Gas (up 0.58%), Auto (up 0.47%), Metal (up 0.46%), Media (up 0.40%), IT (up 0.29%), Financial Services (up 0.26%), Realty (up 0.21%), Private Bank (up 0.19%), Consumer Durables (up 0.17%), and FMCG (up 0.10%).The only sector to open lower was Nifty PSU Bank, which slipped by 0.22%.The India VIX, which measures market volatility, dropped by 3.41%, indicating lower fear levels among traders and GLOBAL CUES SUPPORT MARKET SENTIMENTIndian markets also tracked gains in other Asian markets. The MSCI Asia ex-Japan index rose 0.5%, led by Hong Kong and South Korean shares. South Korea's market hit an 11-month high following post-election support came from lower US Treasury yields and a weaker US dollar. These changes are usually positive for emerging markets like India as they attract foreign SENTIMENT BOOSTED BY RATE CUT HOPESMarket mood was also lifted by growing hopes that the Reserve Bank of India (RBI) might cut interest rates during its ongoing Monetary Policy Committee (MPC) meeting, which started on June 4 and will end on June Bathini, Director of Equity Strategy at WealthMills Securities, said, 'Markets are showing strength with investors buying on every dip. Global cues and some easing in geopolitical tensions are helping the recovery. The fact that the market bounced back from around 23,600 levels on Nifty is a good sign. Ahead of the RBI policy decision, investors can watch banking and financial services stocks.'Ajit Mishra, Senior Vice President of Research at Religare Broking Ltd, said that most market watchers are expecting a 25 basis point cut in the repo rate.'Easing inflation could support this move, and if the cut happens, it would benefit sectors like banking, auto and real estate. Stocks like HDFC Bank, Kotak Bank, M&M, Eicher Motors and Lodha are some of the names that traders may watch closely," he also pointed out that the RBI's comments on future rate decisions will be important. Investors will look for signals on how the central bank views the economy, especially at a time when monsoon conditions seem good, but global trade still faces The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch
