A man runs in the back of the Bombay Stock Exchange (BSE) building in Mumbai. , Photo Credit: PTI
The I BSE Benchmark Index Sensex ended 260 points on Friday (May 2, 2025), which was between the possible Indo-American trade deal, amidst optimism, amidst the high GST collection records and constant foreign fund inflow.
In addition, a strong tendency in global markets also added optimism to equity.
After a fast rally in Intra-Day Trade, 30-shy BSE benchmark gauge later trimmed most of the benefits and settled at 259.75 points or 0.32% more at 80,501.99. During the day, the benchmark jumped from 935.69 points or 1.16% to 81,177.93.
In an unstable trade, NSE Nifty arranged a marginal profit of 12.50 points or 0.05% at 24,346.70.
“The markets were extremely unstable in the first half and had about 1,000 points before turning the range-bound due to selective procurement in banking and IT stocks. Said Mehta Equity Limited.
From Sensex FIMMS, Adani Ports jumped more than 4%, as the firm reported a jump of 50% in the net profit of its March quarter and issued a high-year-year revenue increase forecast for the current financial year, cited a strong growth in port volume and a strong growth in logistic business.
Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel and Reliance Industries were also among the beneficiaries.
Nestle, NTPC, Kotak Mahindra Bank, Power Grid and Titan were among the Lagards.
The Goods and Services Tax (GST) collection increased by 12.6% YOY at a high level of about 2.37 lakh crores in April, with the government said that the flexibility of the Indian economy and the effectiveness of cooperative federalism.
Meanwhile, the speed of growth in the Indian manufacturing sector improved in April, with an increase in production at the fastest speed since June 2024, behind another strong expansion in the order books, a monthly survey said on Friday.
Seasternly adjusted HSBC India Manufacturing Purchase Manager Index (PMI) increased from 58.1 in March to 58.2 in April, indicating the strongest improvement in the health of the sector for ten months.
In the Asian markets, South Korea’s Kospi Index, Tokyo’s Nikkei 225 and Hong Kong’s Hong Seng settled in the positive area, while the Shanghai SSE Composite Index declined slightly.
European markets were doing more business. The US markets ended in a positive field on Thursday (May 1, 2025).
Global Oil Benchmark Brent crude declined by 0.82% to $ 61.62 per barrel.
According to exchange data, foreign institutional investors (FII) bought equity of ₹ 50.57 crore on Wednesday (April 30, 2025).
Equity markets were closed for ‘Maharashtra Day’ on Thursday.
Sensex on Wednesday recorded 46.14 points or 0.06% at 80,242.24. The Nifty was reduced to 1.75 points or 0.01% at 24,334.20.
Published – May 02, 2025 05:40 pm IST