The image used only for representative purposes. File | Photo Credit: Reuters
Equity benchmark Indices Sensx and Nifty on Monday (May 5, 2025) in the initial trade between frequent foreign fund inflows, a sharp decline in crude oil prices and the firm’s trends in the US markets.
In the initial trade, 30-shyer BSE benchmark gauge climbed 80,888.94 at 386.95 points. The National Stock Exchange (NSE) Nifty rose 114.05 points to 24,460.75.
Sensex firms, Adani Ports, Asian Pents, Bajaj Finserv, Tata Consultancy Services, Infosys, HDFC Bank, Power Grid, HCL Tech, Titan and Tata Motors were among the leading beneficiaries.
Kotak Mahindra Bank gave around 6% tank, as the firm reported a decline of 7.57% in consolidated net profit for the March quarter of 2025 financial year, mainly due to high stress in the microlling book.
From 30-Sare Pack, State Bank of India, Larsen and Toubro, NTPC and Nestle were also legords.
The State Bank of India took a dip of about 2%, as it reported a decline of 8.34% in the net profit for the January-March quarter a year ago, which was affected by the fall in net interest margin.
According to exchange data, foreign institutional investors (FII) bought a price of 2,769.81 crore on Friday (May 2).
Foreign investors have injected of 4,223 crore to the country’s equity market in April as they have changed pure buyers for the first time in three months between a mixture of favorable global signals and strong domestic basic things.
Foreign capital was informed of 3,973 crore in March last month, ₹ 34,574 crore in February and in January, after a back-to-back net outflow of 78,027 crore.
“FII strategy in India to sell to buy for the week ended on May 2. FIIs have been constantly done in cash market during the last 12 business days. It is a major axis in the FII strategy. And it will provide flexibility for the market. It is now concerned that India’s storist strike and its stagnation,” VKUT, said.
He said that the decline in the dollar index from 111 January to 99 to 111 January has recently remained a strong tailwind for the market.
In the Asian market, South Korea’s Kospi Index did more business. Markets in Japan, China and Hong Kong were closed due to holidays.
On Friday (May 2), the American markets increased significantly.
Global Oil Benchmark Brent crude fell 3.65%T to $ 59.05 per barrel.
Vikas Jain, head of research in Reliance Securities, said, “Positive spirit has been continued to purchase from FII, the decline in crude oil prices is less than a month-to-$ 60 per barrel, and better-and-and-and-than———–before American job data. China, Hong Kong and Japan markets are closed today.”
The 30-Sare BSE benchmark gauge was 259.75 points, or 0.32%, exceeding 80,501.99 on Friday. The Nifty received a marginal benefit of 12.50 points to settle at 24,346.70, or 0.05%.
Published – May 05, 2025 11:30 AM IST