Benchmark indices extended for second straight day on 15 May
The benchmark Nifty rose 1.6% to 25,062 points, the highest on Thursday (May 15, 2025) since October 2024. This is the first time that the Nifty is crossing 25,000 points because it is set in improvement and market volatility. The BSE sense increased by 1.5% to 1.5% to 82,531 points, which was also seven months old.
Experts say that positive returns for three days a week are a sign that Bulls can return to the market, which was cloudy by the spirit of recession.
“After exhibiting weakness with high volatility in the last few sessions, Nifty saw an excellent reverse brakeout on Thursday and closed the day with a huge profit of 395 points. After opening a slightly positive note, the starting-middle part of the market session slipped into the weakness of intra-day with volatility.
The market has become less unstable in the week due to a decline of four consecutive days in the India Wicks index in the week. Optionism was widespread on a regional basis as all regional indices gave positive returns, with realty and auto indices on Monday to increase by 1.9% in both Sensex and NIFTY.
The short term had a positive attitude of experts for markets. “On the negative side, 24,900/82,200 and 24,750/81,800 will serve as major support areas, while 25,210–25,300/82,800-83,000 can serve as a major resistance level for bulls,” said Srikant Chauhan, the head of the research of Kotak Securities.
On the currency front, the Indian rupee shut down 22 money at a.5 85.54 against the US dollar.
Although the rupee held a rally to finish its session closer to the summit, it eventually concluded with a decline, broadly affected by the need of American currency from petroleum buyers and managing financial risk.
Dilip Parmar, senior research analyst at HDFC Securities, said, “In short term, the USD-INR spot exchange rate is likely to fluctuate between the bottom of 84.95 and the upper barrier of 86.”
Published – May 15, 2025 10:29 pm IST
