Markets kicked off the week on a strong note this Monday, with benchmark indices extending gains for the second consecutive session. The Nifty 50 climbed 148 points (+0.60%) to close at 25,001.15, while the Sensex gained 455 points (+0.56%), finishing at 82,176.45. The broader market also participated, with BSE Midcap and Smallcap indices advancing 0.56% and 0.48% respectively—indicating healthy market breadth.
Which Sectors Led the Rally—and Which Took a Backseat?
It was a good day for autos, metals, and industrials. Investors rotated into cyclical sectors amid optimism around demand recovery and supportive policies. Bajaj Auto and Mahindra & Mahindra led the charge in the auto space, while JSW Steel and Hindalco stood out among metals, thanks to stable commodity prices and upbeat quarterly performance.
Meanwhile, defensives like FMCG, IT, and Pharma took a breather. These sectors saw some profit booking after recent gains.
Nifty 50 Movers: Who Shined, and Who Slid?
Top Gainers:
- Bajaj Auto: ₹8,958.50 (+2.49%) — Gained on optimism around policy-driven export boosts and healthy demand outlook.
- JSW Steel: ₹1,032.30 (+2.36%) — Rallied after the Supreme Court paused liquidation proceedings in the Bhushan Power case.
- Mahindra & Mahindra: ₹3,080.20 (+2.24%) — Strengthened on auto sector tailwinds and rural demand recovery.
- Hindalco: ₹661.45 (+1.75%) — Supported by favorable aluminum pricing and margin visibility.
- Trent: ₹5,526.00 (+1.66%) — Benefited from strong brand momentum and retail sector optimism.
Top Losers:
- Eternal Ltd.: ₹226.80 (-4.53%) — Fell after MSCI and FTSE reduced its weight, triggering fears of passive fund outflows. (Source)
- Kotak Mahindra Bank: ₹2,089.30 (-0.55%) — Remained subdued amid weak momentum in the banking pack.
- UltraTech Cement: ₹11,689.00 (-0.49%) — Dipped on low volumes and muted outlook for cement demand.
How Did the Nifty 500 Fare?
Top Gainers:
- BEML: ₹4,294.60 (+15.51%) — Surged on the back of robust Q4 earnings. (Source)
- Gillette India: ₹9,389.00 (+7.25%) — Rose after a 60% jump in quarterly profits, driven by strong demand. (Source)
- Linde India: ₹7,560.50 (+7.18%) — Upgraded by Haitong Bank for cash flow strength and growth potential. (Source)
- Finolex Pipes: ₹223.90 (+7.15%) — Gained on better demand visibility and rural capex expectations.
- GNFC: ₹546.40 (+6.43%) — Jumped after reporting a 62.3% YoY rise in Q4 net profit. (Source)
Top Losers:
- Balkrishna Industries: ₹2,492.00 (-6.32%) — Tanked after reporting a 25% YoY decline in quarterly profit. (Source)
- Honasa (Mamaearth): ₹313.30 (-4.84%) — Declined post Q4 results showing lower profitability. (Source)
- Power India: ₹16,339.00 (-4.76%) — Dropped amid weak order inflows and caution in capital goods.
- Dalmia Bharat: ₹2,056.10 (-4.06%) — Pressured by subdued cement demand and margin worries.
- Shyam Metalics: ₹870.80 (-3.62%) — Pulled back on profit-booking in the metals space.
What Was Fueling Market Sentiment?
Globally, markets remained calm and supportive. Asian indices traded higher on hopes of accommodative policies and stable inflation. Crude oil prices were flat, lending support to India’s import bill outlook.
Domestically, the absence of negative triggers combined with strong institutional flows kept the sentiment upbeat.
Where Did the Big Money Flow?
Foreign Institutional Investors (FIIs) invested ₹1,794.59 crore.
Domestic Institutional Investors (DIIs) added ₹299.78 crore.
This synchronized institutional buying helped sustain the upward momentum.
Technical Take: Are We Headed Higher?
The Nifty 50 is now well above its psychological mark of 25,000. Chartists are watching resistance near 25,150–25,500, while support sits at 24,800. Meanwhile, the India VIX continues to hover at low levels—suggesting market participants aren’t expecting wild swings.
What’s Lined Up for Tomorrow?
Keep an eye out for:
- Q4 results from blue-chip companies
- India’s GDP and fiscal deficit numbers
- Global cues, especially from the US and commodity prices
These will be crucial in guiding near-term direction.
In Closing
Markets wrapped up Monday on a high note, led by autos and metal stocks. Backed by strong domestic flows, benign global cues, and improving earnings, investors entered the week with confidence. However, with key data releases around the corner, staying informed and measured remains the best approach.
Disclaimer: This blog is intended purely for informational purposes and should not be construed as investment advice. Please consult a SEBI-registered financial advisor before taking any investment decisions.
We have covered previous market sessions in our blog, refer to links below:
- Massive Market Comeback! Nifty 50 Ends on a High on May 23
- Stock Market Today close Negative, What drove May 22 Plunge?
